All articles by Swagath Bandhakavi
Swagath Bandhakavi
Intel to reduce costs and refocus chip business in strategic overhaul
CEO Pat Gelsinger outlined his efficiency drive in a message to employees, responding to speculation about Intel’s future plans following its second-quarter earnings report.
TfL directs 30,000 employees to verify identities and reset passwords after data breach
Although the breach did not disrupt transport services, it caused significant issues with internal systems and online platforms, limiting TfL’s ability to process customer refunds.
Intel secures $3.5bn US government grant to produce chips for military use
The grant is part of the US Department of Defense’s Secure Enclave programme, which is designed to decrease the country’s reliance on overseas semiconductor suppliers.
58% of finance functions using AI in 2024, finds Gartner survey
Conducted in June 2024, the survey collected insights from 121 finance leaders to evaluate the extent of AI adoption in finance departments.
Chartered IIA launches new Internal Audit Code of Practice to strengthen cybersecurity, AI standards
The new code aims to enhance business resilience and address emerging risks as they relate to new technologies and cybercrime.
Portuguese government to continue ban on Chinese 5G equipment
The country’s infrastructure minister said the government’s decision is consistent with EU guidelines, which advise member states to evaluate security risks in 5G networks and limit high-risk suppliers.
Google loses EU antitrust appeal, must pay €2.42bn fine for anti-competitive practices
The search engine firm was accused of using its market dominance to promote its own price comparison shopping service over those of competitors in its search results.
95% of IT leaders warn AI investments increase cybersecurity threats, reveals Flexential report
Based on a survey of 350 IT leaders, the findings reveal that 40% of respondents admit their cybersecurity teams lack the expertise needed to effectively protect AI applications and workloads.
Apple Intelligence to launch in October on iPhone, iPad, and Mac with upcoming operating system updates
Designed to combine generative AI with personal context, the new technology will roll out with iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1 next month.
Nearly half of German companies not prepared for EU AI Act, Deloitte survey reveals
Deloitte found that a significant number of companies worry the EU AI Act will impede AI innovation, seeing it more as a regulatory hurdle than a catalyst for growth.