Bank of England embarks on ‘Kardashian-style spending spree’ as IT budget hits almost £100m March 20, 2024 704 IT staff shared a salary pot of £48.9m, making the average salary in the tech team a whopping £69,000-a-year.
Computacenter: Record year for London firm as large IT businesses splash out on tech March 20, 2024 Computacenter reported a seven per cent increase in revenue, reaching £6.9bn, while gross profit rose over 10 per cent to surpass £1bn.
Minister: Cyber brings ‘risks we can’t ignore’ with UK firms still vulnerable March 20, 2024 Three quarters of medium and large sized businesses were hit by a cyber attack in the past year, according to new government figures.
Microsoft: Tech giant makes splash by tapping Deepmind founder to run AI division March 19, 2024 Microsoft has hired the co-founder of Google’s Deepmind, Mustafa Suleyman, to head up its new Artificial Intelligence division, the technology firm said this evening.
Trustpilot swings to profit as monthly users soar March 19, 2024 Trustpilot has turned a profit of $7m (£6m) in its full financial year, swinging back from losses of $15m (£12.8m) in 2022.
‘Saddened and shocked’: Bytes Technology launches probe into 100 secret dealings of former chief March 18, 2024 Software firm Bytes Group has said it expects profit growth to surpass 12 per cent in its full year earnings update.
The Notebook: A plea for a little more nuance in AI discourse March 18, 2024 Marc Warner, CEO at AI firm Faculty, takes the Notebook pen to talk podcasts, good posture and the new frontier of tech.
Vodafone offloads Italian arm and kicks off bumper buyback March 15, 2024 Vodafone has struck a deal to offload its Italian arm for $8bn and announced plans for $4bn share buy back today in the “third and final step” of efforts to simplify its sprawling European business.
Alfa Financial posts uptick in profit as it unveils special dividend March 14, 2024 Asset finance software company Alfa Financial Software Holdings has posted an uptick in annual profits while announcing a special dividend as part of plans to return £9.7m to shareholders.
EU AI Act: What does it mean for UK business post-Brexit? March 14, 2024 The EU AI Act, aimed at controlling AI systems on a risk-based approach, gained an overwhelming majority in favour, with 523 votes.