Vantage Data Centers, a large-scale data center specialist, has achieved a pioneering financial transaction in Taiwan, acquiring a $64 million loan from CTBC Bank and Cathay United Bank. This monumental move, to establish a significant data center in Taipei, underscores a transformative shift for Taiwan into a crucial digital infrastructure hub.
Injecting fresh vigor into the national establishment for data science and AI, UK’s Chancellor commits £100 million in funding to The Alan Turing Institute. This allocation, targeting environment, health, defence, and national security, underlines UK’s ambitious stride towards global AI leadership.
At the Mobile World Congress (MWC) 2024, BT’s Division X unveiled a significant advancement in their technology offerings, introducing a multi-million-pound investment in a narrowband Internet of Things (NB IoT) network. This move is poised to revolutionize the IoT landscape across various sectors, promising a new era of smart cities and advanced agriculture. Chris Keone, the Managing Director of Division X, shared insights into how this technology is setting the stage for futuristic urban environments and industry transformations.
A research team led by Professor Wang Cheng from the Department of Electrical Engineering (EE) at City University of Hong Kong (CityUHK) has developed a world-leading microwave photonic chip that is capable of performing ultrafast analog electronic signal processing and computation using optics.
Telecom analytics titan Mobileum Inc. has been selected by NTT Communications Corporation for integrating its cutting-edge technology platform into the rapidly evolving global connected car market. Mobileum’s solution, composed of connectivity management, testing, and fraud prevention capabilities, aims to ensure continuous, secure connectivity, whilst addressing the associated rise in potential fraud threats.
Spearheading a revolutionary stance in the telecom security sphere, Versa Networks brings forth its ground-breaking Versa SASE on SIM – a fusion of AI and machine learning powered SIM-based identity system, aiming to reshape security measures at mobile network edges. Given the challenges faced by MNOs and MVNOs to distinguish their offers in an overly-saturated market, the shift towards value-added services further emphasizing on security is an escalating trend.
In a bold move, Microsoft has announced a hefty $2.1 billion investment in Spanish AI and Cloud infrastructure, sparking an unparalleled alliance with the Spanish government. The aim is to enhance citizen services, spark AI innovation and bolster national cybersecurity. Beyond the technological edge, this venture could also boost Spain’s GDP by €8.4 billion and generate around 69,000 jobs by 2030.
Pioneering a new age in software engineering, BT’s Digital Unit collaborates with Amazon Web Services, integrating the GenAI tool, Amazon CodeWhisperer—an AI equivalent to autocorrect for coding, proficient in 15 unique languages. Beyond code suggestion, CodeWhisperer ensures code safety and reliability, filtering out potential vulnerabilities, leading to a 12% automation of routine coding tasks.
A significant increase in Distributed Denial of Service (DDoS) attacks has been reported by Zayo, with the telecommunications sector suffering the most. According to the company’s annual DDoS Insights Report, the past year saw a dramatic rise in both the frequency and severity of these cyber assaults. Businesses found themselves paying an average of £4,700 for every minute under attack, culminating in an average total cost of £325,000.
LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, has expanded its partnership with e-finance, a subsidiary of e-finance Investment Group to deliver secure digital transformation in Egypt. The strategic expansion of the partnership sees the integration of LogRhythm into e-finance’s cloud computing platform. e-finance’s customers across critical industries including fintech, government, and healthcare gain access to LogRhythm SIEM to uncover threats, mitigate attacks, and scale their business with confidence.
