All articles by Swagath Bandhakavi
Swagath Bandhakavi
58% of finance functions using AI in 2024, finds Gartner survey
Conducted in June 2024, the survey collected insights from 121 finance leaders to evaluate the extent of AI adoption in finance departments.
Chartered IIA launches new Internal Audit Code of Practice to strengthen cybersecurity, AI standards
The new code aims to enhance business resilience and address emerging risks as they relate to new technologies and cybercrime.
Portuguese government to continue ban on Chinese 5G equipment
The country’s infrastructure minister said the government’s decision is consistent with EU guidelines, which advise member states to evaluate security risks in 5G networks and limit high-risk suppliers.
Google loses EU antitrust appeal, must pay €2.42bn fine for anti-competitive practices
The search engine firm was accused of using its market dominance to promote its own price comparison shopping service over those of competitors in its search results.
95% of IT leaders warn AI investments increase cybersecurity threats, reveals Flexential report
Based on a survey of 350 IT leaders, the findings reveal that 40% of respondents admit their cybersecurity teams lack the expertise needed to effectively protect AI applications and workloads.
Apple Intelligence to launch in October on iPhone, iPad, and Mac with upcoming operating system updates
Designed to combine generative AI with personal context, the new technology will roll out with iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1 next month.
Nearly half of German companies not prepared for EU AI Act, Deloitte survey reveals
Deloitte found that a significant number of companies worry the EU AI Act will impede AI innovation, seeing it more as a regulatory hurdle than a catalyst for growth.
Car rental company Avis discloses cyberattack and data breach
The attackers obtained personal information, such as names, addresses, driver’s licence numbers, financial account details, and dates of birth for some customers.
OpenAI surpasses one million paid business users for enterprise AI services
OpenAI’s business customer base has grown from 600,000 in April to reach one million this month – a 67% increase in about five months.
Qualcomm explores acquisition of Intel’s chip design units to strengthen portfolio
The San Diego-based company’s evaluation of the potential deal is still in the early stages, with no formal approach to Intel and no final decisions reached.