News

Tech sector news covering latest major IT contracts, people moves, product releases and updates, and company financial results.

Radical Ventures $550m fund for AI start-ups backed by market pioneers

Toronto-based investment firm Radical Ventures has received backing from several artificial intelligence leaders, to go towards supporting the innovation of AI start-ups.

AI & Machine Learning

Manufacturing

Tech leaders call on UK government to deliver semiconductor strategy

In a letter to Prime Minister Rishi Sunak, tech leaders have asked the government to prepare and publish the UK’s semiconductor strategy as a matter of urgency

Major Contracts

Microsoft and OpenAI enter third phase of AI acceleration partnership

Microsoft has announced a new multi-billion dollar investment in OpenAI, extending the two companies' partnership to accelerate AI computing and research development

AI & Machine Learning

Major Contracts

Barclays Eagle Labs awarded Digital Growth Grant to aid regional innovation

The Department for Digital, Culture, Media and Sport (DCMS) has awarded its £12.09m Digital Growth Grant to Barclays Eagle Labs, to help boost growth of UK tech start-ups and scale-ups

Healthcare

Talend and Snowflake support patient data management for mental health charity

UK charity Mental Health Concern has been working with Talend and Snowflake to leverage data-driven insights and improved agility for better patient data management.

AI & Machine Learning

ChatGPT AI software integrated into Bing to compete with Google

Emerging Technology & Innovation

TCS and AWS partner to launch enterprise quantum services

Digital Transformation

How Anglian Water is reducing environmental impact using low-code

People Moves

LogicMonitor appoints Taggart Matthiesen as chief product officer

SaaS observability provider LogicMonitor has hired former Lyft and Twitter executive Taggart Matthiesen as its new chief product officer

IT management

Disruptive Innovation

Pleo appoints Meri Williams as CTO

CIO and CTO

Lucinity appoints Hjoertur Stefansson as CTO

CIO and CTO

Swimlane appoints Frans Xavier as CTO

Digital Transformation

Target Group appoints John Barker as CEO

CIO and CTO

Kim Anstett appointed new CIO of Trellix

Releases & Updates

61,000 open source projects, vulnerable to 15-year-old flaw, now patched

Following discovery of a 15-year-old vulnerability affecting open source projects through Python, Trellix has managed to patch over 61,000 of the ventures affected

Cybersecurity

Releases & Updates

Google to make 12,000 employees redundant

Google CEO Sundar Pichai has announced in a company memo that around 12,000 employees in the US will be made redundant, as big tech continues to take cost-cutting measures

AI & Machine Learning

Microsoft announces general availability of Azure OpenAI Service

Emerging Technology & Innovation

Oxford Ionics secures £30m in funding towards UK quantum innovation

Oxford University-based start-up Oxford Ionics has secured £30m from investors including Arm founder Herman Hauser, to boost further quantum innovation in the UK

Cybersecurity