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Search resuls for: "Digital Transformation"


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BARCELONA, SPAIN - JANUARY 31: A logo sits illuminated outside the Amazon Web Services (AWS) booth at ISE 2023 and IOT Solution World Congress at Fira Barcelona on January 31, 2023 in Barcelona, Spain. (Photo by Cesc Maymo/Getty Images)SINGAPORE — Amazon Web Services on Tuesday said it will invest an additional 12 billion Singapore dollars (about $8.87 billion) over the next five years to grow its cloud infrastructure and services in Singapore. "The investment will go into the construction and build up of the DC capabilities, all associating with the Asia-Pacific Singapore region," Priscilla Chong, country manager of AWS Singapore, told CNBC's "Street Signs Asia" on Tuesday. The U.S. tech giant's cloud computing arm launched its first Asia-Pacific region in Singapore in 2010 – its first foray outside of the U.S. and Europe. Since then, AWS said it has pumped over SG$11 billion into Singapore's cloud infrastructure and ecosystem.
Persons: Cesc Maymo, Priscilla Chong, CNBC's, Chong Organizations: Amazon Web Services, Fira Barcelona, Integrated Systems, Services, AWS Singapore, ASEAN Locations: BARCELONA, SPAIN, Barcelona, Spain, Integrated Systems Europe, SINGAPORE, Singapore, Asia, Pacific Singapore, U.S, Pacific, Europe
With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."
Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S
All eyes remain on tech stocks this week, with Amazon and Apple due to release their earnings after the market closes on Tuesday and Thursday, respectively. After a strong rally to start the year, tech stocks have wavered in recent weeks as investor concerns of lofty valuations bubbled to the surface. Investors can still find opportunities in the form of tech stocks that pay a dividend and have a runway for growth. The stock's 2% dividend yield is higher than the S & P 500's 1.3%. With a dividend yield of 1.6%, Broadcom also made the list.
Persons: Oppenheimer Organizations: Google, Amazon, CNBC Pro, Qualcomm, Benchmark, Oracle, Analysts, Broadcom, Barclays Locations: Nashville , Tennessee
The town of Abernathy also reported a water system hack, and the towns of Lockney and Hale Center said hackers tried to breach their water infrastructure but did not succeed. Unlike how David was ready to take on Goliath, our most vulnerable critical infrastructure systems – including water infrastructure – are ill-prepared. The water attacks we’ve seen so far have not had serious consequences for the people they serve. According to the EPA, 90% of the nation’s community water systems are small, public systems bringing water to 10,000 or fewer customers. If we really want to help water utilities defend against cyber threats, we have to close the resource gap.
Persons: Robert M, Lee Dragos, David, we’ve, , Iran –, Homeland Security’s Organizations: CNN, Cyber Army, Hale Center, Islamic Revolutionary Guard Corps, FBI, Rehabilitation, Government, Department, Homeland, Infrastructure Security Agency, National Security Agency, Environmental Protection Agency, Department of Homeland, Local Locations: Russia, Texas, Muleshoe, Abernathy, Lockney, Aliquippa , Pennsylvania, United States, China, North Korea, Iran, Department of Homeland Security’s State
To assess the value of investments in generative AI models, companies must first develop their knowledge of the tools' potential for financial impact. We then help pair each use case with the right AI strategy, including the applicability of generative AI. To further support optimal financial operations for your company, your generative AI models must be trained to encompass operational and information technology priorities and perspectives. Learn more about how Hitachi Digital Services uses AI to empower informed decision-making. This post was created by Hitachi Digital Services with Insider Studios.
Persons: Premkumar Balasubramanian, observability, HARC Organizations: Hitachi Digital Services, Hitachi, Insider Studios
Amazon is opening cloud regions in Southeast Asia because customers want their data stored securely in their own countries, Amazon Chief Technology Officer Werner Vogels said in an exclusive interview. They really wanted something local such that they can meet, for example, local data storage requirements, or protection of personal identifiable information," Vogels told CNBC's JP Ong. An AWS region is a physical location where data centers are clustered. Within each AWS region are a minimum of three separate availability zones. "And for them, it's important to have these kinds of technologies on the ground, in [the] country to make sure that they can serve their customers best or their citizens best," said Vogels.
Persons: Werner Vogels, Vogels, CNBC's JP Ong Organizations: Amazon Chief, Amazon Web Services Locations: Southeast Asia
"We are initiating coverage of Samsara (IOT) with a Buy rating and $42 price target." Deutsche Bank adds a catalyst call buy on Estee Lauder Deutsche added a short-term buy rating on shares of the beauty giant. Bernstein reiterates Apple as market perform Bernstein said it's getting more "constructive" on Apple shares but is sticking with its market perform rating for now. "We are initiating coverage of AES with a Buy rating and $21PT. "We are initiating coverage on shares of Beacon Roofing Supply (BECN), a leading roofing products distributor in the United States, with a Buy rating and $135 PT."
Persons: Goldman Sachs, Goldman, Oppenheimer, JPMorgan, Lauder Deutsche, Mizuho, TD Cowen, Cowen, it's, Bernstein, Jefferies, Kite, Kite Realty Jefferies, GE Vernova, Tesla, Needham, Andy, BTIG, Davidson, Barnes, Morgan Stanley downgrades, Morgan Stanley, Etsy, Rosenblatt, Swift, Janney Organizations: Bank of America, Cisco Systems, Goldman Sachs, P, JPMorgan, JetBlue, Bancorp, SPT, Oracle, Deutsche Bank, Linde, Mizuho, LIN, Nvidia, Apple, Kite Realty, GE, Metro NY, SSS, Deutsche, Infrastructure, FTAI Infrastructure, BMO, New, AMC, Barnes Group, AES Corporation, AES, eBay, EBAY, UW, ZS, Comcast, CNBC, Benchmark, Beacon Locations: New York City, OW, United States
American drones aren't performing as well as those from other countries, like China's, in Ukraine. AdvertisementThe drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Many said that details on the program were unclear, especially with Chinese dominance in the small drone industry.
Persons: , haven't, Adam Bry, that's, Replicator Organizations: Wall Street Journal, Service, Wall Street, Getty, Pentagon, Defense Locations: Ukraine, American, Russia, Ukrainian, Zaporizhzhia, Russian
Ukraine has built up a formidable arsenal of drones capable of attacking Russian forces everywhere. But these systems are no alternative to the other weapons Kyiv needs, President Zelenskyy said Tuesday. Ukraine needs air defenses, missiles, and artillery, he told Axel Springer media outlets. That said, Kyiv's drone program does not make up for the weapons that the country really needs but doesn't have in its arsenal. Advertisement"If we don't have air-defense systems and the appropriate long-range weapons to match Putin, he will destroy our country," Zelenskyy said Tuesday.
Persons: Zelenskyy, Axel Springer, , Volodymyr Zelenskyy, Libkos Mykhailo Fedorov, Dmytro Kuleba, Vladimir Putin, Putin Organizations: Service, AP, NATO, Ukrainian, INA FASSBENDER, Patriots Locations: Ukraine, Russian, Kharkiv, Moscow, Kyiv, Bakhmut, Ukrainian, Brussels, Poland, Washington
Starlink terminals are being widely used by Russian forces in Ukraine, The Wall Street Journal reported. AdvertisementThe Journal also reported that a similar black market is also thriving in Sudan, even though the terminals' use is not authorized there. AdvertisementIn early February, Musk pushed back on claims from Ukrainian military intelligence that the terminals were being systematically used by Russian forces in Ukraine. House Democrats have also pressured Musk to take action, saying Russian military use of the tech is "potentially in violation of US sanctions and export controls." Musk has long sought to limit Starlink's military use, stipulating in the technology's terms of service that it is intended for civilians only.
Persons: Elon Musk's, , Vladimir Putin's, Musk, Mikhailo Fedorov, Starlink, Musk's Organizations: Street Journal, Service, Elon, Elon Musk's SpaceX, Rapid Support Forces, SpaceX, eBay, Democrats Locations: Ukraine, Russia, Sudan, Crimea, Russia's, Dubai, Chad, South Sudan, Russian, Starlink
A new video appears to show a Ukrainian ground drone detonating near a Russian trench. AdvertisementNew footage from Ukraine appears to show Ukrainian forces using an unmanned ground vehicle (UGV) to strike a Russian trench. A new fleet of UGVsThe Russia-Ukraine war has been marked by the frequent use of aerial drone warfare, but ground drones are a more recent phenomenon. On Wednesday, Ukraine's minister of digital transformation, Mykhailo Fedorov, shared footage on X of one such drone — the Ratel S, a remotely operated ground drone designed to carry bombs and anti-tank mines. Many of the ground drones are being developed by Ukraine's Brave1 , a government platform that brings together innovative companies to boost Ukraine's war effort.
Persons: , sM7KdRmdJX, Mykhailo Fedorov, Fedorov, zzW4oxfRfT — Mykhailo Fedorov, Samuel Bendett, Bendett, it's, Ukraine's Brave1, Forbes, Brave1, Nataliya Kushnerska Organizations: Service, Ukraine's 63rd Mechanized Brigade, imi, Center for Naval Analyses Locations: Ukrainian, Ukraine, Russian, Russia
Ukraine is looking to build interceptor drones to hunt and take down Russian UAVs. On Wednesday, Mykhailo Fedorov, Ukraine's minister of digital transformation, announced that the country wants to begin building interceptor drones to take down Russia's surveillance UAVs, specifically Orlan, SuperCam, and ZALA drones. The interceptor drones, as Fedorov suggested, are a cheaper option for shooting down drones and UAVs so that Ukraine can preserve its air defenses. The Shahed Hunter system, an anti-drone defense system bought with funds from the UNITED24 crowdfunding platform, releases interceptor drones with heavy-duty nets to capture incoming enemy drones. These anti-drone systems can: detect enemy drones, jam GPS signals, intercept devices in the sky.
Persons: , Mykhailo Fedorov, Fedorov, Evgeniy, Hunter Organizations: Service, NATO, AP Locations: Ukraine, Brave1, Ukrainian, Russian, Russia, Kyiv, Kyiv region, AP Ukraine, Avdiivka
Ukraine bragged that it made drones with a range of more than 620 miles. Russia then reported drone attacks on factories around 620 miles from Ukraine's border. AdvertisementUkraine said it made attack drones that can fly more than 620 miles — just before Russia reported drone attacks on factories around 620 miles from Ukraine's border. Ukraine's Digital Transformation Minister, Mykhailo Fedorov, told German news outlet Welt that Ukraine had developed drone models that can fly more than 1,000 kilometers (620 miles). Soon after, authorities in Russia reported attacks at sites in Tatarstan, which is around 620 miles from the closest point in Ukraine.
Persons: , Mykhailo Fedorov Organizations: Service, Transformation Locations: Russia, Ukraine's, Ukraine, Tatarstan
Goldman Sachs analysts have named a slew of stocks that could see upside as April rolls in. CNBC Pro combed through Goldman Sachs' research to find the firm's favorite stocks as of late. They include United Parcel Service, Nasdaq, Arcos Dorados , Global Payments and Arista Networks. "Management discussed various initiatives on market penetration and productivity with their impact on revenue and margin growth into 2026," he said. … Management discussed various initiatives on market penetration and productivity with their impact on revenue and margin growth into 2026.
Persons: Goldman Sachs, Arcos Dorados, Thiago Bortoluci, it's, Bortoluci, Alexander Blostein, Blostein, Goldman, Jordan Alliger, Alliger, ANET, , Arcos, Cameron Bready, Josh Whipple … Organizations: CNBC, United Parcel Service, Nasdaq, Arcos, Global Payments, Arista Networks, Management, UPS, … Management Locations: America, Brazil, Arcos, Atlanta
The company works on the business-to-business side of the industry, designing and creating scents for various companies worldwide. Givaudan launched Myrissi, its AI tool, last year to demystify fragrance development. A new kind of signature scentSome fragrance brands use tech to decipher scent preferences and create personalized scents. Chaille de Nere told BI he didn't want that to happen in the fragrance industry. While AI's role in the beauty industry has yet to take shape, the fragrance industry is betting on the technology.
Persons: Rachel Herz, Herz, Frederik Duerinck, Hertz, Johan Chaille de, Givaudan, Sandra Kinnmark, Angelica Lonnberg, Caroline Borg, Kinnmark, Duerinck, EveryHuman, TJ, Chaille de Nere, perfumers, Chaille de Organizations: Brown University, NOS, Emotiontech, Hallwyl, NOS Emotiontech, Union Locations: Swedish, Highland, Stockholm, London
If you had a spare $1 million to invest right now, what should you buy? He would allocate roughly 60% into stocks this way: 15% each to U.S. large-cap growth stocks and U.S. large-cap value stocks; 4% to small-caps; and 8% to mid-caps. "We really believe in style diversification and feel that remaining diversified with value and growth stocks remains prudent," Benson said. With a million dollars to invest, it would be "reasonable" for investors to put their money in both small- and mid-cap stocks now, he said. The average amount of money that his clients invest is $1.3 million, and his firm manages over $1.2 billion.
Persons: Aaron Benson, Baird, Benson, Chris Fasciano, Shams Afzal, Afzal, Louis Navellier, they've, Navellier, Li Auto Organizations: U.S . Federal, CNBC Pro, Commonwealth Financial Network, Carnegie Investment, Navellier, Associates, Nvidia, Computer, Micro, Mexico's Vista Energy, Volkswagen, Alamos Locations: U.S, Mexico, India, China
I attended the ExploreAI summit on January 29, which marked the successful conclusion of the AI Trailblazers initiative. Minister Josephine revealed AI Trailblazers 2.0 to advance Singapore's National AI Strategy 2.0 and deepen AI use across Singapore. The event marked the successful conclusion of the AI Trailblazers initiative — an effort to help Singapore-based organizations develop 100 generative AI (GenAI) solutions over 100 days. Minister Teo announced plans to build on the success of the first AI Trailblazers program with AI Trailblazers 2.0. This collaboration between AI Trailblazers and Google exemplifies Singapore's dedication to using AI for the betterment of everyone, from residents to businesses.
Persons: Josephine, Kris LeBoutillier, he's, I'm, Mark Micallef, John Ang, Temus, Ang, Tan, Keow, , Long Yin, What's, Josephine Teo, Teo Organizations: Google Asia Pacific, Singapore's Ministry of Communications, Information, MCI, Digital Industry Singapore, Smart Nation Group, Enterprise Singapore, Google, Southeast, of Information Technology, Nanyang Polytechnic, People's Association, AI, Ministry of Communications, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, ExploreAI, Southeast Asia, Temus
Last year was tepid for M&A in advertising and marketing, but PE buyers remained active. PE firms are interested in areas like digital transformation, social media, and data-powered creative. Experts named 13 PE firms likely to make further investments in the advertising and marketing space in 2024. It was a tepid year for M&A activity in 2023 across most sectors, and advertising and marketing was no exception. Still, private-equity companies remained active in the space and were responsible for 38% of the deals in the media and marketing sector last year, according to the advisory firm Ciesco.
Organizations: Business
UNITED NATIONS (AP) — The United States is spearheading the first United Nations resolution on artificial intelligence, aimed at ensuring the new technology is “safe, secure and trustworthy” and that all countries, especially those in the developing world, have equal access. Unlike Security Council resolutions, General Assembly resolutions are not legally binding but they are an important barometer of world opinion. The U.S. draft calls on the 193 U.N. member states and others to assist developing countries to access the benefits of digital transformation and safe AI systems. It “emphasizes that human rights and fundamental freedoms must be respected, protected and promoted throughout the life cycle of artificial intelligence systems." She said the resolution “aims to build international consensus on a shared approach to the design, development, deployment and use of AI systems,” particularly to support the 2030 U.N. goals.
Persons: Jake Sullivan, , , Sullivan, Linda Thomas, Greenfield, Joe Biden’s Organizations: UNITED NATIONS, United Nations, U.S . National, General, Associated Press, United States, Lawmakers, European Union, U.S Locations: United States, U.S, European, China
Following its success, the program has been extended to an additional four English regions with the aim of helping the UK recapture its industrial spirit. In 2017, an independent review board led by Jurgen Maier, then CEO of Siemens UK, made a startling proposal: If UK businesses adopted digital technology at a faster rate, the country's industrial productivity could increase by a remarkable 25%. "Long term, our objective is to boost UK growth and productivity, through increasing innovation and adoption of industrial digital technologies across the whole of manufacturing." "Our ambition is for the UK to be the best place in the world to start and grow a manufacturing business," Clark said. Learn more about how the UK can support your manufacturing business.
Persons: Jurgen Maier, Patrick Mroczak, Adam Hodgkinson, Patrick, Jake Wright, Lusso, Wright, Mackinnon, Saunders, Guillermo del Toro, Oscar, Peter Saunders, We've, Michael Clark, Clark Organizations: Siemens, Nutree, Auto, Netflix, Mackinnon, Manufacturing, UK's Department for Business, Trade, Insider Studios, UK Department for Business Locations: North, England
"Customers trust Microsoft more than OpenAI since they already buy Microsoft's ecosystem," a Microsoft AI researcher told BI. "Almost everyone I know is working on Copilot to a certain extent," the Microsoft AI researcher told BI. "It's too premature to assume this is going to be a race to the bottom on price," another Microsoft executive said. Some Microsoft employees work so closely with OpenAI that they have badges to get into OpenAI's offices, and some OpenAI employees can badge into Microsoft locations. Mistral models will be offered to Microsoft customers along with about 1,600 other models including Cohere and Meta's Llama.
Persons: there's, Morgan Stanley, Satya Nadella, they've, they're, Frank Shaw, Shaw, That's, OpenAI, JPMorgan Chase, It's, Dentsu, Shiva Vannavada, Vannavada, Eric Boyd, Scott, John Montgomery, Asha Sharma, Ashley Stewart Organizations: Microsoft, Business, Enterprise, Walmart, JPMorgan, BI, Google, Dentsu, Product, Technology, Employees, Nvidia, DA Davidson, AI Services, AI Bot, OpenAI Locations: OpenAI, Mistral
Ukraine said it destroyed another Russian ship in the Black Sea using sea drones. The Sergei Kotov patrol vessel, part of Russia's Black Sea Fleet, cost $65 million, Ukraine said. AdvertisementUkrainian military intelligence said a $65 million Russian warship was the latest to be sunk in the Black Sea. It added that a Ukrainian special unit attacked the Black Sea Fleet vessel in cooperation with Ukraine's navy and the Ministry of Digital Transformation. In December, the UK's defense minister said that "over the past 4 months 20% of Russia's Black Sea Fleet has been destroyed."
Persons: Sergei Kotov, , Andrii, Russian Sergey Kotov, 3KPMpgxXD8, 4LGiEYQaEY — Anton Gerashchenko Organizations: Service, Directorate of Intelligence, Ministry of Defense, Ministry of Digital, Kyiv, Radio Free, Ukrainian Defense Intelligence, Ukraine, Kyiv Independent Locations: Ukraine, Russia's, Russia, Ukrainian, Kerch, Radio Free Europe, Russian, Sevastopol, Crimea
CNN —Ukraine’s military on Tuesday claimed another successful attack on a Russian warship, marking the latest in a string of naval defeats for Moscow’s Black Sea Fleet that Kyiv says has reduced its numbers by more than a third since the start of the war. “As a result of the strike by Magura V5 maritime drones, the Russian ship Project 22160 ‘Sergei Kotov’ sustained damage to the stern, starboard and port sides,” sparking a fire aboard the vessel, a statement said. In mid-February, the Russian landing ship Caesar Kunikov was attacked with the same drones used against the Sergei Kotov. The drones punctured “critical holes” on the Russian ship’s left side before sinking it, Ukrainian military intelligence agency said on Telegram. The Sergei Kotov was one of Russia newest ships in the Black Sea Fleet.
Persons: CNN —, Moscow’s, Sergei Kotov, Sergei Kotov ’, Andriy Yusov, Caesar Kunikov Organizations: CNN, The Defense Intelligence, Magura, Russian, Ukrainian Navy, Ukraine’s Ministry of Digital, Defense Intelligence, Radio Free, Radio Liberty, Fleet, TASS Locations: Russian, Ukraine, Kerch, Crimea, Russia, Radio Free Europe
Ukraine has relied heavily on its arsenal of naval drones to cause headaches for Russia's Black Sea Fleet. AdvertisementFor at least one Ukrainian general, going after Russian warships with exploding drone boats is more than just hitting the enemy. To compensate for this deficiency, the country sought to develop what it calls "the world's first fleet of naval drones." These deadly systems were first introduced in 2022 as Kyiv looked to weaken Moscow's grip on the Black Sea. "We analyzed how best to get to the Russian fleet; what means and methods would be appropriate.
Persons: , Ivan Lukashevych, Lukashevych, we'd, Volodymyr Zelenskyy Organizations: Service, Security Service, Ukraine's Ministry of Digital, Defense Intelligence, Russian Defense Ministry Press Service, AP, Black Locations: Ukraine, Brig, Kyiv, Moscow, Sevastopol, Crimean, Novorossiysk, Russia
Ukraine said Monday that it's working with Elon Musk's SpaceX to stop Russia using Starlink terminals in its war. Musk had previously asserted that Russia wasn't using Starlink internet in its invasion, which Ukraine repeatedly denied. AdvertisementElon Musk has consistently denied that Russians are using Starlink. He infamously cut off Starlink access during a high-stakes Ukrainian attack on Russia's Black Sea Fleet, causing the attack to fail. Fedorov said he didn't think there was "any connection" between Russia's acquisition of Starlink terminals and Musk's own views.
Persons: , Musk, Starlink, Mikhailo Fedorov, Fedorov, Ukraine's, Kyrylo Budanov, Budanov, Elon Musk Organizations: Service, Elon, SpaceX, Suspilne, Wall Street Journal, Business, Republican Locations: Ukraine, Russia, Ukrainian, Starlink, Gaza, Russian
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