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Blog
Dropbox layoffs continue as firm cuts another 20% of staff
Dropbox will cut staff for the second year in a row, CEO Drew Houston has announced, with an additional 528 layoffs – 20% of the workforce – expected in the coming months. Taking full responsibility for the decision, Houston explained that the layoffs come during a transitional period in which Dropbox is looking to focus on products such as ‘Dash…
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UK IT leaders prioritize cloud investment – but AI skills shortages continue to cause worries
Preparing for AI adoption has become a major factor in determining cloud strategies in the UK, but more than eight in ten IT managers say there’s an urgent AI skills gap. Almost all (98%) leaders surveyed for a new Red Hat report said they saw advantages in adopting enterprise open source solutions for AI, mostly through accelerating innovation and cost-efficiency.…
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OpenAI seeks $6.5 billion investment as costs continue to mount
OpenAI is seeking to raise $6.5 billion from investors with a further $5bn in credit from banks — valuing the AI startup at $150 billion. The Microsoft-backed AI startup hasn’t yet confirmed the investment. However the funding round is reportedly led by Thrive Capital and may include further investment from Microsoft, which has already invested $13bn in the company. The…
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SaaS security woes continue to haunt cyber teams
More than three-quarters of technology leaders say they’re concerned about SaaS security threats, prompting calls for more robust development practices. The findings of the Onymos SaaS Disruption Report reveal that enterprises prioritize data privacy and security, with 65% and 72% respectively saying that they’re the most critical priorities in the app development process. An overwhelming 91% of the tech leaders…
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Toyota’s cyber woes continue as latest breach marks fifth major IT incident in two years
Toyota has confirmed its network was breached after a threat actor listed a 240GB trove of data stolen from the company’s internal systems on an underground hacking forum. The Japanese car manufacturer admitted its systems had been compromised on 19 August, after a threat collective operating under the name ZeroSevenGroup said it breached one of the firm’s US branches. The…
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