All articles by Swagath Bandhakavi
Swagath Bandhakavi
Cyber breaches fall to 43% of UK businesses, but cybercrime remains high
Around 283,000 UK businesses and 29,000 charities faced at least one cyber crime in the past year, the 2025 Cyber Security Breaches Survey found.
TSMC Q1 revenue climbs 42% to $25.6bn amid AI chip demand
The Taiwanese firm’s first-quarter revenue marginally surpassed analyst forecasts, landing within its earlier projected range of $25bn to $25.8bn.
Most UK AI firms lack targeted solutions despite £4bn in funding, finds study
According to IPPR, UK AI firms attracted nearly $4bn in investment in 2024, yet 85% of them are focused on generic applications like automation and analytics.
European Commission launches AI Continent Action Plan to accelerate AI leadership
The AI Continent Action Plan focuses on five pillars including infrastructure, data access, sectoral adoption, skills development, and regulatory simplification.
Micron to pass on tariff costs to US buyers of memory products
Although semiconductors were excluded from the US administration’s latest tariff measures, memory modules and SSDs remain subject to the new import duties.
UK introduces Cyber Governance Code of Practice for board-level cyber risk oversight
The new code provides a structured approach for company boards and directors to govern cyber risk, with a focus on risk management, strategy, workforce, incident response, and assurance.
Samsung expects Q1 profit beyond forecasts amid US tariff anticipation
The South Korean firm projects an operating profit of $4.5bn, notably exceeding the analyst consensus of $3.47bn as reported by LSEG SmartEstimate.
UK court declines government’s bid for secrecy in Apple encryption case
The Investigatory Powers Tribunal rejected the UK government’s claim that public knowledge of the case could jeopardise national security.
76% of US insurers adopt GenAI, but only 45% believe benefits outweigh risks
As per the survey by Deloitte, 82% of life and annuity insurers have adopted GenAI in at least one business function, compared to 70% of property and casualty insurers.
Samsung profits predicted to fall as AI chip sales weaken
Forecasts from LSEG SmartEstimate indicated that Samsung’s operating profit for January to March 2025 would be $3.62bn, a decline from $4.5bn during the same period the previous year.