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Market intelligence covers public developments that affect internet infrastructure, governance decisions, connectivity markets, digital capital flows, and operational risk. It connects reporting with related organisations, regional exposure, market context, evidence quality, operating dependencies, procurement pressure, competition, compliance, customer exposure, and service-continuity questions so readers can…
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Global Cloud Services Trends
Brightfin debuts its Gen Z-focused financial wellness app
OUR TAKE “Spending by Gen Z consumers is expected to increase sixfold by 2030,” PYMNTS Intelligence study states. As incomes rise, financial institutions are developing new products for Gen Z, and 95% of credit unions are committed to increasing Gen Z membership. The launch of…
Global Cloud Services Trends
Ukraine Advances AI Drones Amidst War
Ukrainian startups are advancing AI drone technology in the face of Russian conflict, aiming for a strategic edge on the battlefield. Efforts are underway to develop AI drones that can operate independently of human control, reducing vulnerability to Russian electronic jamming.
Global Cloud Services Trends
HSBC names Georges Elhedery CEO to keep strategic continuity
OUR TAKEHSBC’s decision to promote Georges Elhedery as CEO is a bold move, but also a safe bet. Continuity in leadership can be a double-edged sword. On one hand, it shows stability and trust in the current strategy. But on the other, it could stifle innovation if Elhedery just…
Europe and Middle East Cloud Services Trends
Samsung snags startup Oxford Semantic for smarter devices
OUR TAKESamsung recently acquired Oxford Semantic Technologies, a UK-based AI rising star. It’s a big deal because Oxford Semantic is a pro in knowledge graph technology. Remember when Apple also invested heavily in AI and launched many intelligent features? Samsung’s move is…
Global Cloud Services Trends
IX Telecom: Telecom industry fortifies cybersecurity against rising threats
Increasing importance of cybersecurity Since digital connectivity is integral to our daily lives, the importance of cybersecurity cannot be overstated. This is particularly true for the telecommunications industry, which forms a critical part of the infrastructure supporting…
Europe and Middle East Cloud Services Trends
Nokia sees lowest quarterly revenue since 2015 amid 5G slump
OUR TAKENokia, the Finland-based telecommunications and electronics company, reported a sharp decline in second-quarter revenue. The 18% year-on-year fall to $4.9 billion was below analysts’ expectations of $5.22 billion. In response, Nokia is diversifying its business, including…
Global Cloud Services Trends
BlackBerry debuts ‘CylanceMDR Pro’, advancing AI-driven security
BlackBerry, a cybersecurity leader, has introduced CylanceMDR Pro, an advanced managed detection and response service.
Asia-Pacific Cloud Services Trends
Google, Microsoft offer Nvidia AI chips to China
Google and Microsoft are sidestepping U.S. sanctions by offering Nvidia’s powerful AI chips to Chinese companies via overseas data centres.
Global Cloud Services Trends
Top tech news stories today: July 18, 2024
Fintech 1. Russia weighs risk of embracing crypto for international payments Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said on Wednesday, ahead of a…
Global Cloud Services Trends
OpenAI goes ‘Strawberry’, a new reasoning technology
OpenAI is projecting a groundbreaking plan called “Strawberry”, aiming to demonstrate advanced reasoning capabilities in its AI models,
Global Cloud Services Trends
ByteDance vs. EU: The gatekeeper battle lost in Court
The CJEU ruled on 17 July to reject ByteDance’s appeal against the EU’s decision to recognise it as a “gatekeeper”. The court said ByteDance met the DMA’s quantitative criteria of global market capitalisation, the number of users in the EU and the number of years since the…
Europe and Middle East Cloud Services Trends
UK watchdogs probe competitiveness of big tech’s digital wallets
OUR TAKEUK regulators are conducting an in-depth investigation into the competitiveness of digital wallets offered by major tech companies such as Apple, Google and PayPal. The inquiry focuses on analysing the fee structures and potential operational risks associated with these…
Global Cloud Services Trends
Tech giants accused of using unauthorised YouTube transcripts to train AI models
OUR TAKEThe development of AI technology is certainly promising, but its creation and advancement are built on databases. The lack of transparency in these databases is bound to cause controversy. The affected parties and the infringing companies often hold conflicting views…
Global Institutional Trends
Anthropic launches Claude on Android
OUR TAKEClaude’s entry into the Android market reshapes the AI app landscape dominated by ChatGPT. This move will expand the AI user base, enhancing the potential for widespread AI adoption and proficiency, ultimately fostering industry growth through education and training.…
Global Cloud Services Trends
Amazon Prime Day sales up 12% in first 7 hours
OUR TAKEAmazon Prime Day 2024 started strong with a 12% increase in sales in the first seven hours compared to last year. The event, designed to attract new subscribers and ensure customer loyalty, presents a wide range of items from protein shakes to tech gadgets such as the…
Asia-Pacific Cloud Services Trends
US mulls tougher trade curbs in chip crackdown on China
OUR TAKEThe Biden administration is considering imposing tough new trade restrictions on foreign companies that supply semiconductor technology to China. The potential move, known as the Foreign Direct Product Rule (FDPR), is aimed at curbing the activities of companies such as…
North America Cloud Services Trends
ASML orders beat estimates as AI boom fuels chip giant
OUR TAKEASML reported a significant 54% increase in second-quarter orders to $6.1 billion, driven by the boom in artificial intelligence and its impact on demand for advanced chip-making machines. This beat analyst expectations of $4.85 billion. Despite strict US export controls…
Asia-Pacific Cloud Services Trends
ASML shines bright in Q2 with bookings rise on AI demand
ASML announced better-than-expected earnings for Q2 of 2024 today on strong sales to China and with an increase in new bookings. Fouquet said 2024 is embarked as a “transition year” where ASML aims to maintain steady performance in preparation for a robust 2025.
Global Institutional Trends
Former OpenAI, Tesla exec Andrej Karpathy launches AI education platform
Former OpenAI, Tesla engineer Andrej Karpathy is developing an educational platform to create AI teaching assistants to improve learning.
Global Cloud Services Trends
Elon Musk relocates X and SpaceX headquarters to Texas
Elon Musk said he is moving the headquarters of X and SpaceX, from California to Texas, citing a newly gender identity law in California.
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