All articles by Swagath Bandhakavi
Swagath Bandhakavi
Workday forecasts lower Q4 subscription revenue amid weaker demand
The company expects fiscal 2025 subscription revenue to reach $7.7bn, reflecting 17% growth year-on-year but falling slightly short of analysts’ $7.72bn forecast.
Anthropic introduces open source Model Context Protocol to boost AI model interoperability
Anthropic’s new Model Context Protocol is designed to offer a standardised method for establishing secure, two-way connections between data sources and AI-powered tools.
£44bn lost to cyberattacks by half of UK businesses since 2019, study claims
Howden’s study reveals that cyberattacks have had a particularly heavy financial impact on businesses with annual revenues over £100m, with 74% of these companies reporting at least one incident.
UK manufacturers face AI adoption hurdles despite investment plans
The findings from a joint report by Make UK and Autodesk were drawn from a survey of 151 manufacturers conducted between July and August 2024.
UK urges NATO allies to lead AI arms race amid escalating cyber threats
In remarks released ahead of his appearance at the NATO Cyber Defence Conference, minister Pat McFadden also revealed the creation of the UK’s new Laboratory for AI Security Research.
NHS struggling to meet targets for Palantir platform adoption
NHS England data shared with the Financial Times reveals that 87 acute trusts and 28 integrated care boards have adopted the platform, designed to unify data systems and enhance efficiency.
75% of UK financial firms now using AI, regulatory survey reveals
The survey, conducted by the Bank of England and the FCA, gathered responses from 118 firms across key financial sectors.
ECB cautions on AI stock bubble threat in financial stability report
According to the ECB, US stock markets’ reliance on a few AI-driven tech firms poses risks of market concentration and broader impacts.
Finastra probes SFTP security breach as threat actor alleges 400GB data theft
A hacker using the alias ‘abyss0’ claimed responsibility for the breach, alleging data theft and briefly sharing samples before removing them under unclear circumstances.
97% of organisations hit by Gen AI-related security breaches, survey finds
Capgemini Research Institute’s survey of 1,000 organisations across 13 countries found that over 90% experienced at least one cybersecurity breach in the past year, up from 51% in 2021.