Why do we cut corners

Microsoft revenue hits $33.7bn on cloud boost

Microsoft’s cloud business has helped drive up revenues and profit in the fourth quarter. The software behemoth reported that total revenue was up 12 per cent to $33.72 billion in the three months ending 30 June, beating analysts’ expectations of $32.77 billion.

Barclays launches San Fran startup programme

Barclays has launched a San Francisco-based startup programme, with the first edition targeted on the UK’s AgriTech entrepreneurs. The Barclays Global Connect programme will offer UK startups the chance to participate in three-day events to build the knowledge, skills and contacts they need to build their businesses.

Introducing the CyberSecurity Live conference

Following from the success of RegTech Live in February, National Technology News sister title FStech is pleased to announce the inaugural CyberSecurity Live conference. As the amount of personal data processed by financial services firms increases exponentially, so does the potential for criminals to intercept it. Not a week goes by without a new threat identified or breach admitted to, so this one-day event will bring together experts from across institutions, regulators and government - along with the leading tech firms - to debate the biggest issues in cyber security.

Digital transformation ‘key to lightening NHS load’

The NHSX, the new unit driving forward the digital transformation of health and social care in the UK, is looking to actively engage with HealthTech companies to improve patient care and lighten doctors’ loads. This is according to Hadley Beeman, chief technology officer for the NHSX and chief technology adviser to the secretary of state at the Department for Health and Social Care, who spoke at the Unbound London conference this week.

Gov launches retraining for those ousted by tech

Adults whose jobs could change due to advances in technology will get support to retrain and get on a path to a new career, education secretary Damian Hinds announced today. The National Retraining Scheme has begun its initial rollout in Liverpool with the launch of a new digital service, Get Help to Retrain.

Facebook ‘won’t launch Libra until regulators approve’

Facebook is prepared to postpone the launch of its Libra digital currency until global financial regulators are satisfied that it meets security, data privacy and consumer protection standards. In an appearance before the United States Senate Banking Committee, David Marcus, a former PayPal executive who is leading Facebook’s Libra unit, told lawmakers that the company had heard concerns raised by governments and policymakers “loud and clear”.

Traxens closes $23m funding round

Supply chain data provider Traxens has closed a Series C funding round worth close to $22.7 million, led by the Itochu Corporation, Bpifrance and Supernova Invest. This financing will enable the company to launch a global large-scale sea/land fleet of Internet of Things (IoT) tracking solutions on vessels operated by its partner shipping companies, including CMA CGM and MSC.

NCSC thwarts 140,000 phishing attacks in 2018

The National Cyber Security Centre (NCSC) stopped 140,000 phishing attacks over the course of the last year, including a scam in which hackers attempted to spoof a UK airport and defraud thousands of UK citizens. In its second annual report, the dedicated cyber security unit of GCHQ detailed how its Active Cyber Defence (ACD) strategy has taken down 190,000 fraudulent websites, in addition to combatting a growing range of cyber security threats targeting consumers and government agencies.

EU to investigate Amazon’s use of merchant data

The EU’s competition watchdog has launched an investigation into Amazon’s use of merchant data, as regulators continue to put pressure on tech companies’ use of customer information. The office of Margrethe Vestager, the competition commissioner, confirmed that the European Commission (EC) has opened a formal probe into the e-commerce giant’s use of sensitive data from independent retailers who sell on its marketplace.

UK jobs ‘not threatened by AI or bots’

UK workers are feeling positive about the future of the artificial intelligence-driven workplace, with 59 per cent saying they don’t feel their jobs will be threatened by AI or bots in the next 10 years. A survey of 800 adults conducted by contact centre solutions provider Genesys, also found increasing evidence of positive uptake of AI-based technologies amongst younger age groups, with 41 per cent of Millennials saying they spend 50 per cent or more of their time interacting with machines and computers rather than humans.

PM agrees £500m EV loan to Jaguar Land Rover

Theresa May has agreed a £500 million loan to support Jaguar Land Rover’s electric vehicle (EV) development, as part of new green measures which will make it a legal requirement to install EV charge points in all new housing in England by 2050. The outgoing prime minister signed off on the funding at a meeting of the UK’s leading auto manufacturers, including Ford, Nissan, Aston Martin and Jaguar Land Rover.

AI uncertainty holding back UK adoption

The majority of businesses (70 per cent) across the UK acknowledge that failing to get on-board with artificial intelligence (AI) now will cost their organisation for the next decade. In fact, just 17 per cent of UK businesses have a fully implemented AI strategy, according to a survey of business leaders in the UK conducted by Vanson Bourne for Avaya.