Google scientists believe they are now a step closer to building a fully functioning quantum computer after making progress towards correcting the errors that affect the system. Researchers at Google Quantum AI said they have found a way to lower error rates as the size of the system increases, which they describe as being at […]
Archive | Enterprise
Why did Silicon Valley Bank collapse and are other lenders at risk?
The collapse of the 16th largest bank in the US sent ripples through global markets on Monday as Governments and businesses scrambled to figure out what the impact would be and how it could be contained. Silicon Valley Bank collapsed on Friday after failing to raise new capital last week. On Monday the Government said […]
Microsoft makes case for Activision merger amid EU scrutiny
Microsoft’s Xbox video game division has announced new partnerships with Nintendo and chipmaker Nvidia as it tries to persuade European regulators to approve its planned 68.7 billion dollar (£56.7 billion) takeover of game publishing giant Activision Blizzard. A key audience for the announcements were the European Union competition regulators who held a closed-door meeting on […]
Google expected to make 240 people redundant in Ireland
Google is expected to make 240 employees redundant from its workforce in Ireland, PA understands. The tech giant employs 5,500 people in Ireland, where its headquarters for Europe, the Middle East and Africa is located. The Government has been made aware that a collective consultation process is to begin on Thursday. It forms part of […]
Tech giants post sluggish financial results as sector struggles continue
Technology giants Alphabet, Amazon and Apple all posted disappointing financial results on Thursday as businesses continue to face challenging global economic issues. Google’s parent company Alphabet posted lower profits and only a small revenue increase, while Amazon also reported a fall in profits and Apple posted its first quarterly revenue drop in nearly four years. […]
UK Tech Nation start-up organisation to close after British Government pulls funding
Tech Nation, the UK organisation that supports tech start-ups, has announced it will cease operations at the end of March after the Government withdrew its core grant funding. Founded in 2010, the organisation has supported the rise of some of the biggest names in UK tech, including Monzo, Revolut, Ocado, Skyscanner, and Deliveroo. Tech Nation […]
US justice department sues Google over digital advertising dominance
The US justice department and eight states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The US government alleges that Google’s plan to assert dominance has been to “neutralise or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to use competitors’ products. […]
Google parent firm Alphabet to cut 12,000 jobs globally
Google’s parent firm Alphabet has said it will cut about 12,000 jobs, in an email to staff. It becomes the latest tech giant to announce significant cuts after similar announcements from Amazon and Microsoft in recent weeks. The cuts, which will affect about 6% of the group’s workforce, are expected to be made broadly across […]
Pentagon splits £7.3bn cloud contract between four tech firms
Google, Oracle, Microsoft and Amazon will share in the Pentagon’s 9 billion dollar (£7.3 billion) contract to build its cloud computing network. The move was announced a year after accusations of politicisation over the previously announced contract and a protracted legal battle resulted in the military starting over in its award process. The Joint Warfighter […]
Toll of cyber-crime on businesses revealed in new research
Two in five manufacturers have been a victim of cyber-crime over the last 12 months according to new research. One in five of 150 companies surveyed by manufacturers organisation Make UK reported substantial financial loss as the result of an attack, ranging from £50,000 to £250,000. Virtually all respondents said cyber security measures were necessary […]