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Intel’s CHIPS Act grant reduced as production delays and losses mount – Computerworld
Investment delays and strategic setbacks The funding reduction comes as Intel pushes back the timeline for completing its Ohio chip manufacturing project from 2025 to the end of the decade. The delay, coupled with persistent challenges in matching the technological advancements of rivals like Taiwan Semiconductor Manufacturing Company (TSMC), has dampened confidence in the company’s ability to deliver on its…
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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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Mount Carmel Care Center notifies 2,375 people of year-old data breach
Mount Carmel Care Center this week confirmed it notified 2,375 people of an August 2023 data breach that compromised names, Social Security numbers, bank account numbers, routing numbers, bank names, dates of birth, payment card information, medical information, health insurance information, and employee identification. Ransomware group Medusa claimed responsibility for the attack in October 2023, and demanded $300,000 in exchange…
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Calls for lighter visa restrictions mount as UK tech faces talent shortfall
Companies across UK tech are calling on the Labour government to change visa restrictions brought in under previous Tory rule, according to Centuro Global, the firm leading the charge. Capitalizing on the change in administration, Centuro is asking that the government “reconsider recent restrictions” placed on the ‘Skilled Worker’ visa route. As part of this request, the firm will present…
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