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Asia-Pacific Cloud Services Trends
Tribe Payments plans to boost support for banks and fintech in Singapore
What happened Tribe Payments is a leading digital payments and infrastructure coordination company. Today, the company announced the opening of a new office in Singapore. This officially expands its business into the Singapore market. Tribe Payments has already been serving…
Global Cloud Services Trends
Alibaba agrees to pay $433.5M to settle security fraud class action
What happened Alibaba Group Holding Ltd. declared on Friday that it would pay $433.5 million to resolve a class action lawsuit alleging securities fraud in a federal court in Manhattan. The settlement resolves a case where Alibaba shareholders accused the company of misleading…
Global Cloud Services Trends
Meta AI chatbot to use Reuters content in real time
What happened Meta is partnered with Reuters to use their news and events content to answer users’ question in real time. Both companies disclose to offer the financial detail of their partnership. Meta also disclose about whether they will use Reuters content to train their LLM.…
Asia-Pacific Cloud Services Trends
Medtech Alimetry secures $18M to enhance wearable devices for gut diseases
What happened New Zealand medical technology company Alimetry secures $18 million in funding to advance the development of wearable devices for gastrointestinal diseases. This non-invasive device captures intestinal electrical activity through a flexible electrode array attached…
Europe and Middle East Cloud Services Trends
UK regulators investigate Google’s collaboration with AI startup Anthropic
What happened The UK regulatory agency has launched a formal investigation into Google’s collaboration with Anthropic. Last year, Anthropic announced that it had received a $500M investment from Alphabet and was expected to secure an additional $1.5B in funding in the future.…
Global Cloud Services Trends
SpaceX and ESA discuss solutions as space junk hits critical mass
What happened The European Space Agency (ESA) has initiated discussions with SpaceX, aiming to include Elon Musk’s space enterprise in its Zero Debris Charter, a global initiative to curb space junk generation by 2030. With space debris becoming an increasingly urgent problem…
Global Cloud Services Trends
Top tech stories today: October 25, 2024
APNIC launches training for telecom operators APNIC is set to provide networking training for telecom operators, aiming to improve infrastructure and operational efficiency. Mettis Global Is IPv6 still relevant in today’s internet? The ongoing debate about IPv6’s relevance in an…
Global Cloud Services Trends
Nvidia’s CEO says the design flaw with the Blackwell GPU is now fixed
What happened NVIDIA‘s CEO Jensen Huang recently announced that they have completely fixed the design flaw affecting Blackwell GPU production. Previously, this design flaw affected the chip’s yield but did not impact its functionality. NVIDIA designed the Blackwell GPU as its…
Global Cloud Services Trends
Apple releases API for smart and localized English support
What happened Apple released developer beta versions of iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2 on Wednesday. These updates introduce several new Apple Intelligence features. These include genmoji, image playground, visual intelligence, image wand, and ChatGPT integration.…
Global Cloud Services Trends
Tyler Technologies upgrades forecast for full year as cloud computing drives IT demand
What happened Tyler Technologies Company raised its revenue and profit forecasts for the full year. This is because of strong demand for its IT services. The company also exceeded Wall Street’s expectations for third-quarter profits. Tyler Technologies now expects its revenue for…
North America Cloud Services Trends
Microsoft warns of Iranian hacker group targeting election sites
As the U.S. gears up for its elections, concerns about cyber threats have escalated, particularly from the Iranian hacker group known as Cotton Sandstorm. According to a recent blog post by Microsoft, this group, which is associated with Iran’s Islamic Revolutionary Guard Corps…
Global Cloud Services Trends
ServiceNow quarterly subscription revenue above estimate
What happened ServiceNow expects fourth-quarter subscription revenue to range between $2.875 billion and $2.880 billion, compared to an average expectation of $2.85 billion among analysts, according to LSEG statistics. ServiceNow now anticipates yearly subscription revenue of…
Global Cloud Services Trends
Goldman Sachs and Apple face $89M penalty
What happened CFPB has ordered Apple and Goldman Sachs to pay over $89 million in combination over the violation of the consumer protection law for Apple Card transaction dispute. The CFPB is ordering Goldman Sachs to pay at least $19.8 million in redress and a $45 million civil…
Global Cloud Services Trends
Top tech stories today: October 24, 2024
NRO announces new details on Afrinic The NRO has issued an announcement regarding Afrinic, highlighting changes and developments within the organization. RIPE Apricot 2025 call for presentations open APRICOT 2025 is now inviting proposals for presentations, encouraging experts to…
North America Institutional Trends
Three Mile Island Nuclear Power will restart in 2028
What happened The Three Mile Island nuclear power plant is now preparing to restart. Constellation Energy announced that its Unit 1 reactor, which was shut down five years ago, is expected to restart in 2028, pending approval from the U.S. Nuclear Regulatory Commission. Microsoft…
North America Institutional Trends
Hemlock Semiconductor receives $325M investment for new facility construction
What happened Hemlock Semiconductor, established in 1961, is the only U.S. manufacturer producing ultra-pure polysilicon, and it is one of only five companies in the world capable of producing polysilicon at the purity levels required by the top semiconductor market. As a result…
North America Institutional Trends
The U.S. extends 25% of CHIPS Act tax breaks to wafer and solar panel factories
What happened The U.S. government recently announced an extension of the 25% tax credit in the CHIPS Act. This extension now covers wafer manufacturing, including photovoltaic cells used in solar panels. This decision is part of the CHIPS and Science Act. It aims to encourage…
North America Cloud Services Trends
Juniper Networks assists the NRK in its digital transformation
What happened NRK has chosen Juniper Networks as its IP-based broadcasting infrastructure provider to support its digital transformation. NRK’s Chief Technology Officer and Chief Product Officer, Pål Nedregotten, stated: “NRK’s production network is crucial for us to create…
North America Cloud Services Trends
SAP stock hits record as cloud and AI demand surge
SAP’s U.S.-listed shares have reached a record high, following the company’s strong third-quarter earnings report, which surpassed analysts’ expectations. The German software giant, best known for its enterprise resource planning (ERP) solutions, is experiencing a surge in demand…
Europe and Middle East Cloud Services Trends
Microsoft and UK sign a five-year AI deal for public sector
What happened Microsoft and the UK Government have officially signed a five-year agreement to boost digital transformation efforts within the public sector. The deal, set to begin on November 1, provides public sector organisations with discounted access to Microsoft’s wide array…
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