All articles by Refna Tharayil
Refna Tharayil
Microsoft’s net income for Q4 FY24 increases by 10% to $22bn
The American tech major’s total revenue for Q4 FY24 was $64.72bn, an increase of 15.2%, compared to $56.2bn in the corresponding quarter of the previous fiscal year
10% YoY increase in breach costs, reaching average of $4.88m, IBM report reveals
The latest report, which is based on an in-depth analysis of real world data breaches experienced by 604 organisations worldwide between March 2023 and February 2024, shows that recovery from breaches is becoming increasingly extended
Canva acquires generative AI content and research startup Leonardo.Ai
Through the acquisition of Leonardo.Ai, Canva plans to integrate the latter’s technology and Phoenix foundational model into its existing suite of Magic Studio products, including AI image and video generator Magic Media
HPE likely to get EC approval for $14bn acquisition of Juniper Networks
Announced in the early part of this year, the all-cash deal is expected to enable HPE to accelerate AI-driven innovation
30% of generative AI projects in businesses predicted to be abandoned by 2025
A study by Gartner argues that generative AI projects have necessitated a greater tolerance for indirect, future financial investment criteria rather than immediate returns on investment (ROI.)
UK joins WTO agreement to boost global digital trade
Finalised at the World Trade Organization (WTO), the E-Commerce Joint Initiative aims to make international trade faster, cheaper, fairer, and more secure
US Department of Commerce unveils new AI safety and security guidelines
The new AI safety measures have arrived 270 days after US President Joe Biden made an Executive Order (EO) on the Safe, Secure, and Trustworthy Development of AI.
EU and Singapore finalise Digital Trade Agreement negotiations
The digital trade agreement will lay the foundations for more efficient cross-border data exchanges between the two jurisdictions.
UK to invest in quantum research hubs to drive advances in cybersecurity, healthcare, and transport
The quantum hubs will, it is hoped, support the development of secure communication networks, faster medical scanners, and next-generation navigation systems.
Vodafone’s Q1 FY25 operating profit increases by 43% to €1.5bn
The British telecommunications company’s total revenue in the reported quarter ended 30 June 2024 was €9.04bn, an increase of 2.8% YoY, compared to €8.79bn reported in the same quarter of FY2024