Breaking Update: Here’s a clear explanation of the latest developments related to Breaking News:Microsoft-backed startup raises $40 million for advanced chipmaking equipment tech, ETCIO– What Just Happened and why it matters right now. Lace, a Norway-headquartered chipmaking equipment startup which is backed by Microsoft, has raised $40 million in funding to further develop a technology that could enable significant advances in semiconductor design and manufacturing, the company said on Monday.

1 min read 63% of HR professionals cite data privacy and security as top AI concerns: Survey A new survey of over 500 HR professionals, titled "HR Report on AI: Insights on HR’s Readiness and Risk Management" reveals that while...

According to a new Forrester research, The Asia Pacific region will see the fastest growth; six countries forecasted to have the largest GDP growth are in Asia.

Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETCIO App Get Realtime updates Save your favourite articles Scan to download App Brazil's federal government issued an extrajudicial notice to Meta...

Norway Sovereign Wealth Fund: The fund, which invests Norway's oil and gas revenues, is one of the world's biggest investors, owning on average 1.5% of all listed stocks across about 7,200 companies globally, alongside other assets. Large U.S. companies have announced layoffs this year as they streamline operations amid growing use of AI tools.

Tech giants like Palantir and Nvidia may restrict the use of AI models unless guarantees against data misuse are provided. Insights from Anthropic and OpenAI executives underline the urgency of addressing these issues, as companies seek to protect their intellectual properties.

Southeast Asia is becoming a key battleground for global cloud providers as digital adoption, AI demand and data-centre investment accelerate, while infrastructure, energy constraints and data sovereignty reshape the market. The article explores how CIOs are navigating this increasingly competitive cloud landscape while balancing scalability, innovation, cost, resilience and control.

AI Data Centers: As Southeast Asia embraces rapid AI adoption, CIOs face critical infrastructure challenges, including power demand, data centre capacity, connectivity, and semiconductor supply. Discover how these factors impact the AI landscape in the region.

Lenovo (HKSC: 992) recently unveiled the ‘CIO Playbook 2024 – It’s all about Smarter AI’ report, providing a comprehensive overview of AI adoption in Asia-Pacific (AP). The commissioned report surveyed over 900 CIOs, and revealed that organisations in AP…

Bill Vass, Chief Technology Officer, Booz Allen Booz Allen Hamilton (NYSE: BAH) announced today that William Vass has been appointed chief technology officer (CTO) and will join the firm’s leadership team effective June 17, 2024. Aligned with Booz Allen’s…

Narra Technology Park recently announced a $2.7-billion investment to host its first and largest hyperscale data centre in the Philippines to enhance the country’s digital infrastructure. The data centre will have a 300-megawatt (MW) capacity, powered by…

Cloudflare, Inc., the leading connectivity cloud company, announced the acquisition of BastionZero, a Zero Trust infrastructure access platform, to further strengthen remote access to core IT systems for customers of Cloudflare One, the company’s secure…

<p><img src="https://etimg.etb2bimg.com/thumb/msid-102298156,imgsize-23208,width-1200,height=765,overlay-etcio/digital-security/cybersecurity-threats-in-digital-banking-sector.jpg" alt="cybersecurity-threats-in-digital-banking"></p><b>Cyber security</b> is one of the key requirements in various sectors across the globe in the need of data protection in the current threat landscape.

New Delhi , April 16 (ANI): The global economy is expected to expand significantly over the next five years, with global GDP projected to increase by about USD 56 trillion, driven by advancements in artificial intelligence, quantum computing, and other emerging technologies, according to a report by the World Economic Forum. The report highlighted that the world is currently undergoing deep geopolitical, economic, societal, and technological transformations, which are creating both new challenges and opportunities for growth. It noted that the largest growth opportunities are likely to emerge in sectors such as information technology (IT) services, advanced manufacturing, energy and other technology-driven industries.

Shares of Wipro, one of India's leading IT firms, rose as much as 3% to their day's high of Rs 209 on the BSE on Friday after the company said it will consider a share buyback proposal alongside its fourth-quarter results, scheduled for April 16. This development follows a sharp decline in the stock, which has fallen more than 20% so far this year. If approved, this would be Wipro's first buyback in three years. The company last undertook a similar exercise in 2023, when it bought back shares worth around Rs 12,000 crore.