Europe and Middle East Cloud Services Trends
Europe and Middle East Cloud Services Trends
Cloud Service trend intelligence tracks cloud computing market trends, AI infrastructure demand, hybrid cloud adoption, edge deployment, platform competition, and data centre capacity pressure in Europe and the Middle East, giving readers a fuller view of the demand shifts, capacity constraints, platform strategies, capital timing, regulatory pressure, and operating assumptions behind the market.
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Europe and Middle East Cloud Services Trends
Worldline revises 2024 outlook amid consumption doldrums
OUR TAKEWorldline’s redrawn outlook underscores the significant impact of reduced consumer spending and a challenging economic environment across Europe. Despite implementing measures to protect cash flow and improve volumes, the company’s shares have sharply declined, which shed…
Europe and Middle East Cloud Services Trends
IBM report reveals surging data breach costs in the UK
OUR TAKE The escalating costs of data breaches in the UK underscore the critical need for robust cybersecurity measures. As companies face increasing financial burdens, the importance of proactive security strategies and investments in AI-driven solutions cannot be overstated.…
Europe and Middle East Cloud Services Trends
France confronts 68 cyberattacks targeting Olympics
France reported 68 cyberattacks linked to the Olympics. Security forces are on high alert to protect the Games from digital threats.
Europe and Middle East Cloud Services Trends
ThetaRay acquires Screena to boost $57M financial crime platform
OUR TAKEThetaRay, the Israeli giant in AI-driven transaction monitoring, just made their first big move by acquiring Belgium’s up-and-coming fintech company, Screena. Screena’s got some serious anti-money laundering screening tech, it’s like having X-ray vision for the financial…
Europe and Middle East Cloud Services Trends
Amazon faces second tax evasion investigation in Milan
The inquiry, initiated in 2021, focuses on value-added taxes and customs duties related to the trading of goods within Italy and internationally.
Europe and Middle East Cloud Services Trends
Oracle enters agreement to use Rai Way data centres in Italy
Oracle and Rai Way have entered a strategic partnership to integrate Oracle’s AI systems into Rai Way’s data centres across Italy, enabling access to Oracle’s database, cloud, and disaster recovery technologies.
Europe and Middle East Cloud Services Trends
AI for breast cancer diagnosis: A new era of precision and efficiency
OUR TAKEThis AI tool aims to improve patient experience and quality of care by analysing breast biopsy samples to increase the accuracy and efficiency of pathologists in diagnosing breast cancer.-Rae Li, BTW reporter What happened Doctors at Peterborough City Hospital in the UK…
Europe and Middle East Cloud Services Trends
SAP cloud revenue rises 25% as AI demand boosts growth
OUR TAKESAP SE, a leading software company based in Germany, reported a significant 25% increase in cloud revenue for the second quarter, reaching $4.52 billion. This growth is in line with the booming demand for artificial intelligence(AI) applications and shows SAP’s successful…
Europe and Middle East Cloud Services Trends
TikTok targets Spain, Ireland to revive European e-commerce push
OUR TAKETikTok is set to restart its e-commerce strategy in Europe with the launch of its in-app shopping feature TikTok Shop, in Spain and Ireland in October. The decision reflects a scaled-down approach, but preparations are underway to expand the platform to other European…
Europe and Middle East Cloud Services Trends
Renault CEO calls for flexible EV adoption timeline
Renault’s CEO Luca De Meo expressed concerns about Europe’s timeline for transitioning to electric vehicles, calling for more flexibility.
Europe and Middle East Cloud Services Trends
Linx raises $33M to disrupt identity management with AI
OUR TAKELinx, the Tel Aviv stealthy startup, just pulled off a $33M funding feat. It’s like the cyber world’s new superhero, swooping in to tackle identity management chaos. With founders from Israel’s elite cyber unit and stints at giants like Checkpoint and Microsoft, they’re…
Europe and Middle East Cloud Services Trends
Spain arrests pro-Russian hackers in major cybercrime operation
OUR TAKESpanish police have arrested three pro-Russian hackers involved in cyberattacks against NATO countries supporting Ukraine. The arrests, made in Manacor, Huelva, and Seville, underscore the ongoing cyber threat from groups retaliating against anti-Russian actions amidst…
Europe and Middle East Cloud Services Trends
Microsoft cloud outrage causes widespread public service disruptions
OUR TAKEThis outage underscores the critical importance of reliable cloud infrastructure, as it caused widespread disruptions across multiple sectors, including Frontier Airlines, Amazon, Cox, Sky News, and Thameslink trains in the UK. The timing, coinciding with the busy summer…
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…
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…
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…
Europe and Middle East Cloud Services Trends
Microsoft’s $650M AI hire triggers major UK regulatory probe
CMA has launched a formal investigation into Microsoft’s recent hiring of former Inflection AI employees and its partnership with startups.
Europe and Middle East Cloud Services Trends
Tesla’s UK lawsuit for 5G patents licence thrown out by UK court
OUR TAKETesla’s efforts to secure favourable licensing terms for 5G technology patents have been blocked by a London High Court ruling that dismissed the company’s case against InterDigital and Avanci. The court’s ruling complicates Tesla’s plans to launch 5G vehicles in the UK…
Europe and Middle East Cloud Services Trends
UK regulators to scrutinise Big Tech’s digital wallets
British financial regulators said they’ll examine Big Tech digital wallets’ impact on competition, consumer protection, and market integrity.
Europe and Middle East Cloud Services Trends
Alphabet eyes $23B Wiz cybersecurity buyout: Israel’s largest deal yet?
OUR TAKEIt’s the Fast and Furious of tech. Alphabet is ready to throw $23 billion to network security star Wiz into its arms, feeling that it is going to stage a realistic version of the “Matrix” acquisition drama; Wiz just two months ago announced the completion of a $1 billion…