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In a major industry development, four leading global telecommunications companies have united to create the Global Telco AI Alliance. AI

Four powerhouse telecom companies have forged an alliance to harness the potential of Artificial Intelligence (AI), revolutionizing customer experiences and uncovering potential business opportunities. This alliance, brought to life in Seoul, South Korea, promises to co-develop a Telco AI Platform, pioneering new AI services, like digital assistants and super apps. The initiative has been seen as a forward-thinking response to the escalating global interest in AI within the telecommunications industry. Imminent discussions at the Total Telecom Congress will shed more light on this transformational feat.

Vonage has introduced the Vonage Protection Suite, a comprehensive lineup of counter-fraud products and solutions aimed at safeguarding against the ever-evolving threats of online fraud and cyberattacks. Security

Vonage, a leading global provider of cloud communications solutions for businesses’ digital transformation, has introduced the Vonage Protection Suite, a comprehensive lineup of counter-fraud products and solutions aimed at safeguarding against the ever-evolving threats of online fraud and cyberattacks. The suite empowers developers and businesses to create robust counter-fraud measures, offering a unique level of customer control in managing communications.

Ultra Ethernet Consortium AI

The Linux Foundation-led Ultra Ethernet Consortium brings AMD, Arista, Broadcom, and others together to refine ethernet architecture, addressing the escalating network requirements of AI and high-performance computing. Pledging to enhance ethernet performance, the alliance will leverage ethernet’s adaptability, ensuring scalability and cost-effectiveness for diverse workloads. Aiming for a holistic tune-up rather than a complete overhaul, consortium endeavours will encompass detailed protocols, signaling mechanisms, and software solutions.

With an expected rise of 4.3%, worldwide IT spending is projected to reach a staggering $4.7 trillion in 2023. AI

Global IT spending is projected to reach an impressive $4.7 trillion by 2023, a significant portion of this being credited to the 14.5% increase in software spending. Interestingly, Gartner highlights that generative AI, despite its transformative potential, doesn’t significantly impact current IT spending. Embraced slowly via upgrades to existing systems, generative AI isn’t seen as a disruptive, but as an added benefit. Moreover, the rise in software expenditure aligns with organizations aiming for operational efficiency, often through resources like ERP and CRM applications.

US is introducing US Cyber Trust Mark for smart devices that aims to bolster security standards and protect consumers from potential threats. Security

The Biden administration is set to launch a groundbreaking initiative today, introducing a new cybersecurity label for smart devices that aims to bolster security standards and protect consumers from potential threats. Federal Communications Commission (FCC) Chair Jessica Rosenworcel revealed the label, called the US Cyber Trust Mark, during a press briefing. The Cyber Trust Mark will signify that devices bearing it meet stringent security criteria based on the National Institute of Standards and Technology (NIST) report.

Infobip has unveiled its new product, Experiences, a generative AI-powered journey builder that empowers businesses to engage customers. AI

Global cloud communications platform Infobip has unveiled its groundbreaking product, Experiences, a generative AI-powered journey builder that empowers businesses to engage customers, foster loyalty, and accelerate growth. This innovative no-code platform offers organizations a comprehensive library of AI-powered journey templates tailored to their unique business needs, spanning from onboarding and engagement to retention and loyalty.

Another framework to safeguard EU privacy data stored in the US has been created by the EU and US. Nonetheless, this long-standing issue remains contentious. Security

A fresh structure designed to secure EU data housed in the US has been implemented, but disputes persist surrounding the safety of EU data during transatlantic transfers. While the EU sees the potential of unwarranted surveillance by US security forces, the US finds it challenging to alleviate these suspicions. Despite concerns raised by privacy activists, notable tech powerhouses like Facebook are in favor of this framework, thinking it’ll protect essential goods and services. This leaves a potent question around the future of data protection lingering in the air.

The telecom alliance Alaian has enlisted the services of chip maker Qualcomm to invigorate start-ups in the realm of extended reality (XR). AI

Telecom alliance Alaian is partnering with chip manufacturer Qualcomm to empower start-ups specializing in Extended Reality (XR). The alliance, comprising of seven telecom giants along with towerco Cellnex, targets initiatives involving metaverse, virtual platforms, and various services or applications from all over the globe. Despite a lukewarm response to the metaverse and the disappearance of mixed reality from the limelight, the conglomerate remains optimistic. Future XR experiences can greatly benefit from the expertise and resources provided by co-operating with Qualcomm.

The potential threat of generative AI causing malfeasance doesn't appear to deter telco firms from embracing its perceived benefits. AI

A recent survey unveils how, despite potential risks, most industries, particularly telecommunication firms are embracing generative AI’s benefits. Interestingly, even traditionally cautious sectors, like aerospace and defence show a strong inclination towards AI’s adoption. Yet, as AI integration requires extensive investment in staff skill development, emerging corporate roles like AI auditors or ethicists are anticipated.