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A quarter of firms still don’t have a formal data strategy – and it’s hampering AI adoption
Many firms have no formal data strategy despite increasing AI usage, according to a new study from Carruthers and Jackson. More than a quarter (26%) lack a data strategy, the study found, while 39% reported little to no data governance throughout their business. These same firms are still pushing on AI and ramping up their adoption efforts, though. Just 7%…
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200 UK firms have now adopted a four-day working week – and Brits are convinced it will become the norm within five years
The four-day work week is taking off in the UK, with 200 companies formally signing up to permanently adopt a shorter working week — and two-thirds of Brits believe this practice will become the norm within five years. That’s according to the 4 Day Week Foundation, which said all 200 companies have been recognized by its employer accreditation scheme. The…
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EU tech firms team up to launch ‘Virt8ra’ sovereign edge cloud platform
Eight European tech organizations have teamed up to launch a sovereign edge cloud platform aimed at providing portability and interoperability across multiple cloud providers. Virt8ra, coordinated by OpenNebula Systems, includes backing from Arsys, BIT, Gdańsk University of Technology, Infobip, IONOS, Kontron, Mondragon, and Oktawave, and will provide computing and storage resources in a host of countries across the region. This…
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UK financial services firms are scrambling to comply with DORA regulations
More than four-in-ten UK financial services firms look set to miss the deadline for compliance with the new Digital Operational Resilience Act (DORA) tomorrow. Companies failing to comply with the regulations could face fines of up to 2% of worldwide daily turnover for as long as six months. However, while nearly nine-in-ten UK CISOs and senior security decision makers believe…
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Only 13% of firms are tracking their AI energy usage – here’s why that’s a problem
While business leaders say they’re concerned about the power demands of AI within their organization, few are managing to monitor it properly. Seven-in-ten business leaders say they’re aware of the significant energy required to train or run AI models, and half are concerned about the energy and efficiency challenges this brings. Yet despite this, just 13% are monitoring the power…
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The open source industry is booming as firms invest billions in ecosystem each year
The open source software industry is booming, according to recent analysis, with organizations now investing around $7.7 billion in the ecosystem each year. Researchers from GitHub, the Linux Foundation, and the Laboratory for Innovation Science at Harvard (LISH) found the median investment in open source now stands at $520,600 on a business-by-business basis. This isn’t all direct funding, however, with…
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Cybersecurity firm’s Chrome extension hijacked to steal users’ data
At least five Chrome extensions were compromised in a coordinated attack where a threat actor injected code that steals sensitive information from users. One attack was disclosed by Cyberhaven, a data loss prevention company that alerted its customers of a breach on December 24 after a successful phishing attack on an administrator account for the Google Chrome store. Among Cyberhaven’s customers are Snowflake,…
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Warning issued after Chinese hacker group breaches telco firms in “dozens of countries”
A senior national security adviser in the Biden Administration has warned that a Chinese state-sponsored hacking group has breached telecommunications firms in “dozens of countries”. Anne Neuberger, President Biden’s deputy national security adviser, said the campaign attributed to the threat actor known as Salt Typhoon is ongoing, and has breached at least eight US telcos, according to reporting in the…
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Blue Yonder ransomware attack disrupts grocery, retail, and hospitality firms
Supply chain software company Blue Yonder has revealed it suffered a ransomware attack causing operational disruption for some of its customers, including a number of UK grocery and retail stores. The firm’s solutions use AI and machine learning algorithms to help retail customers model demand and respond to market changes by optimizing their inventory accordingly. Blue Yonder provides software for…
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Former Google CEO Eric Schmidt rejects claims Al scaling has peaked – but firms like OpenAI, Anthropic, and Google are finding it harder and more expensive to deliver
How can the large language models (LLMs) driving the generative AI boom keep getting better? That’s the question driving a debate around so-called scaling laws — and former Google CEO Eric Schmidt isn’t concerned. Scaling laws refer to how the accuracy and quality of a deep-learning model improves with size — bigger is better when it comes to the model…
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