Challenges in Cloud Computing: The Impact of AI Threats
Discover the challenges facing cloud computing with the rise of artificial intelligence (AI). Learn about the potential disruptions and security risks AI integration brings to software models and cloud services. Find out how companies can adapt their cybersecurity protocols to combat the evolving threats posed by AI technology in the cloud computing sector.
Whale Alerts Drive Tech Stock Options Activity in Market Session
Today’s stock market session saw significant activity in the Information Technology sector, with crypto whales making moves that could drive Bitcoin to new heights in 2024. Options activities in key tech stocks like NVDA, SMCI, AAPL, AMD, and COHR provide valuable insights for traders to make informed decisions.
Study Links Wasted Cloud Spend to Blind Cost Management Strategies
Discover the findings of a study by Boomi and Forrester Consulting that highlights the challenges companies face with uncontrolled and wasteful cloud spend. With 72% of global companies exceeding their cloud budgets, it’s clear that proactive cloud cost management and optimization strategies are essential. Learn how integration and data visibility play a crucial role in tracking and decision making for cloud spend.
HCL Technologies Announces Partnership with Google Cloud to Empower Engineers with GenAI
HCL Technologies partners with Google Cloud to train 25,000 engineers on GenAI, aiming to enhance industry solutions and streamline engineering processes with the use of Google’s generative AI model, Gemini. The collaboration will see the integration of Gemini’s capabilities into HCLTech AI Force platform, enabling engineers to generate code automatically, address bugs more efficiently, and deliver high-quality software projects in less time.
IaaS Market Set for Remarkable Growth, Especially in BFSI Sector
The Infrastructure-as-a-Service (IaaS) market is projected to reach a valuation of $411.9 billion by 2030, with a robust compounded annual growth rate of 22.6% during the years spanning 2023 to 2030. The report highlights the surge in IaaS adoption across varied sectors, with an emphasis on innovation and security. The compute and storage segments are at the forefront of market expansion, with the latter expected to witness the highest growth rate across the forecast horizon. Enterprises, particularly small and medium-sized businesses, are showing marked interest in IaaS, leveraging benefits such as cost efficiency, fortified security measures, and efficient computing processes to reinvent their operational architectures.
Samsung Knox Achieves Common Criteria Certification for 2024 TVs
Samsung Knox, integrated into its 2024 TVs, achieves Common Criteria (CC) certification, ensuring global security excellence and 10 consecutive years of CC certification. The certification underscores three core security features of Samsung Knox: Tizen OS Monitoring, Phishing Website Blocking, and Enhanced Personal Information Protection.
Cognizant forecasts full-year revenue below expectations
Cognizant Technology Solutions Corporation forecasts full-year revenue below expectations, reflecting a persistent weakness in demand for IT services. The company’s shares dropped 4% during extended trading, as businesses reduce technology and outsourcing expenses amidst sticky inflation and higher interest rates. Peer companies Tata Consultancy Services and Infosys also reported slow profit growth and missed targets, indicating a slowdown in the IT services sector. Cognizant anticipates revenue of $19 billion to $19.8 billion in 2024, falling short of analysts’ expectations, reflecting ongoing challenges in the IT services sector.