South Korea’s Financial Services Commission (FSC) has disclosed plans to allow financial companies to utilise generative artificial intelligence and cloud computing for product innovation, provided they implement adequate network security measures. Since September 2013, financial institutions have been required to separate their networks from the Internet to prevent hacking attacks. This requirement has sparked widespread… Read more »
Teradata has been named the official cloud analytics partner for the Los Angeles Clippers and Intuit Dome, the team’s new arena opening August 15, 2024, in Inglewood, California. AI technologies are also among the suite of services the team and arena will be leveraging. Teradata is now a Founding Partner of Intuit Dome with special… Read more »
A US judge has ruled that certain practices of Google in the online search market were anti-competitive because the company promoted its browser unfairly. It is a victorious moment for the US Department of Justice and a stumble for Google. However, it also represents a turning point in the tech industry and sets a precedent… Read more »
Amazon’s massive investment in AI has created doubts about future profitability despite record sales growth, following publication of the tech giant’s latest financial results. According to the Financial Times, in the three months ending June 30, Amazon’s net sales grew by 10% to $148 billion. Although the result was impressive, it missed analysts’ expectations of… Read more »
Serverless Functions Are Great for Small Tasks Cloud-based computing using serverless functions has gained widespread popularity. Their appeal for implementing new functionality derives from the simplicity of serverless computing. You can use a serverless function to analyse an incoming photo or process an event from an IoT device. It’s fast, simple, and scalable. You don’t have… Read more »
E-commerce and cloud computing giant, Amazon, has filed a sweeping patent infringement lawsuit against Nokia, alleging the Finnish telecoms company has misappropriated Amazon’s cloud computing innovations. The lawsuit, filed in the United States District Court for the District of Delaware on July 30, 2024, comes less than a year after Nokia initiated its legal action against Amazon… Read more »
Alibaba Group Holding’s cloud computing division is bringing changes to the way Olympic content will be transmitted and consumed, marking a significant milestone in the history of sports broadcasting. On July 25, Alibaba Cloud, in collaboration with Olympic Broadcasting Services (OBS), unveiled OBS Cloud 3.0, an innovative AI-enhanced platform designed to serve as the primary… Read more »
Google Cloud serverless projects are being used by a Latin American financially motivated threat group, codenamed FLUXROOT, to orchestrate credential phishing campaigns, the The Hacker News has reported. This event is not isolated, as numerous malefactors in cyberspace are exploiting cloud computing services for malicious objectives. Thus, IT and cybersecurity professionals are facing a pressing… Read more »
Multinational technology conglomerate Alphabet has beaten second-quarter revenue and profit analyst estimates. The company’s performance was driven by a rise in digital advertising sales and healthy demand for its cloud computing services, though it cautioned that capital expenses would remain high for the year. Reuters reported that the popularity of the Paris Olympics and elections… Read more »
On July 19, a routine software update from cybersecurity giant CrowdStrike unleashed digital chaos across the globe, exposing the fragility of interconnected IT networks. Within hours, Windows-based systems worldwide crashed, displaying the dreaded “blue screen of death,” affecting 8.5 million devices globally. From New York’s Times Square, where digital billboards went dark, to London’s Heathrow Airport,… Read more »