SEC adopts new cybersecurity disclosure rules
The Securities and Exchange Commission (SEC) of the United States has established new regulations requiring public firms to disclose cybersecurity breaches within four days if they potentially have an impact on the company’s bottom line. The guidelines also compel businesses to provide information on their cybersecurity risk management and leadership experience in the subject on […]
Women to bear brunt of AI-driven job losses in U.S.
A report by McKinsey & Co. finds that women are more likely than men to be displaced by automation and artificial intelligence (AI) in the U.S. labor market. The report estimates that at least 12 million workers in the US will need to change occupations by 2030, and that women are 1.5 times more likely […]
FBI raid on Mastodon server highlights privacy concerns
The FBI raid on Mastodon server Kolektiva.social has highlighted the privacy concerns of decentralized platforms. The raid, which was conducted for unrelated charges, resulted in the seizure of a backup of the instance database, which included personal information such as email addresses, hashed passwords, and IP addresses. Last May, the FBI raided the home of […]
U.K. tech workers considering quitting in droves
According to a survey of 1,800 IT professionals and senior managers, one-quarter of U.K. tech employees are considering leaving their employment in the next six months. The survey, conducted by security and service management software company Ivanti, discovered that IT workers are 1.4 times more likely than other professions to “quiet quit,” which means they […]
AI providers unite to launch Frontier Model Forum
Anthropic, Google, Microsoft, and OpenAI have joined forces to launch the Frontier Model Forum to ensure the “safe and responsible development” of the most powerful AI models. Frontier models, as defined by the companies, surpass the capabilities of the most advanced existing models and can perform a wide range of tasks. Over time, the forum […]
Amazon Bedrock attracts thousands of customers
Amazon’s cloud division has drawn thousands of customers to try out its artificial intelligence (AI) service, Amazon Bedrock. The service lets businesses create applications with a range of AI models, including text generation, image generation, and other generative technology. Organizations including Sony, Ryanair, and Sun Life have all tried out Amazon Bedrock. The company says […]
Ebay profit misses estimates on investments
Ebay has lowered its third-quarter profit forecast, sending its shares down 4.5% after the bell. The e-commerce platform said it expects profit to be between 96 cents and $1.01 per share, compared to analysts’ estimates of $1.02. The company said the lower forecast was due to higher investments in areas such as auto parts, refurbished […]
Meta reports strong advertising revenue growth in Q2
Meta reported strong advertising revenue growth in the second quarter of 2023 as its revenue rose 11% to $32 billion, topping analysts’ expectations. Ad revenue grew 12% in the quarter, faster than growth at Google. Adjusted earnings per share of $2.98 also beat expectations. In after-hours trading, the company’s shares surged by almost 7%. They […]
Microsoft cloud revenue grows 8%
Microsoft’s quarterly earnings and revenue beat Wall Street estimates, thanks to robust growth in its cloud business and demand for generative AI capabilities. Revenue in the company’s Intelligent Cloud segment, which includes the Azure cloud computing platform, increased by 8% year on year to $24 billion. Azure sales increased by 26%, above market estimates. CEO […]
Semiconductor industry faces skill shortage
The semiconductor industry is facing a major skill shortage. A report by the Semiconductor Industry Association and Oxford Economics estimates that the U.S. will need to train 67,000 new technicians, engineers, and computer scientists by 2030 to meet demand. This shortage is already having an impact. TSMC, one of the world’s largest chipmakers, has delayed […]
