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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
Analysts at Goldman Sachs have highlighted a handful of tech stocks with upside as earnings season begins to wind down. The S & P 500 tech sector posted an earnings growth rate of 21.6% in the fourth quarter. Arm Analyst Toshiya Hari is standing by shares of the semiconductor and software design company. Arm delivered a blowout fiscal third-quarter earnings report earlier this month, and the sky is the limit for the company, according to the firm. ASML The semiconductor company posted beats on its latest earnings report , but warned that it expects sales to be flat this year compared to 2023.
Persons: Goldman Sachs, Hari, Kash Rangan, Rangan, Monday.com, Alexander Duval, Duval, ASML, ANET Organizations: Goldman, CNBC, Arista Networks, Arm Holdings, ASML, Data Center, Automotive, Microsoft, Nvidia, TAM, , Software Locations: China
Ukraine is creating a new military branch for drone warfare, Volodymyr Zelenskyy said. A military expert said it's likely the first time a country has set up a separate drone branch. AdvertisementUkraine is creating a new branch of its military dedicated to drone warfare. Ukraine has regularly used drones to take out Russian tanks, bomb trenches, hit equipment stores, and target soldiers. But drone warfare in Ukraine is not one-sided.
Persons: Volodymyr Zelenskyy, it's, , he'd, Zelenskyy, Bruce Riedel, Mykhailo Fedorov, Sergei Shoigu, James Patton Rogers Organizations: Service, Defense Forces —, Unmanned Systems Forces, Ukraine's National Security and Defense, Brookings Institution, NBC, Digital Transformation, Russia's, Cornell Brooks Tech Policy Institute Locations: Ukraine, Ukrainian, Russia
India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.
Persons: , Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine
Leaders should start with the basics and understand what AI is and what it means for their business. Courtesy of World Wide TechnologyThe spectacular introduction of generative AI into mainstream consciousness can make it feel like the underlying technology is unique. The imperative to be proactiveAI is, and will continue to be, a transformative force in today's business world. To realize its benefits, organizations need an approach to AI solution development and adoption that is thoughtful, strategic, and practical. This post was created by World Wide Technology with Insider Studios.
Persons: Jim Kavanaugh Organizations: Fortune, Technology, Insider Studios
Video footage appears to show Ukraine's new "Ironclad" combat drone in action. The video, which was shared by the Ukrainian Ministry of Defense. AdvertisementVideo footage released by the Ukrainian Ministry of Defense earlier this month appears to show Ukraine's new "Ironclad" combat drone vehicle in action against Russian forces. Ukrainian Ministry of DefenseThe Shablya system is a remotely operated "combat platform" designed to be attached to certain vehicles or objects, the manufacturer Roboneers says on its website. Everything gets smashed up by drones and artillery," Gleb Molchanov, a Ukrainian drone operator, told The Guardian.
Persons: , Mykhailo Fedorov, Fedorov, Roboneers, Gleb Molchanov Organizations: Ukrainian Ministry of Defense, Service, Russian, Assault Brigade, Facebook, CNN, Guardian Locations: Russian, Russia, Ukraine, Iranian, Dnipro, Ukrainian
Russia appears to be unable to counter Ukrainian drone attacks from the east bank of the Dnipro River, the UK MOD said. This is likely because of a shortage of Russian electronic warfare capability in the area. AdvertisementRussia appears to be unable to counter Ukraine's drone attacks on the Dnipro River because of a shortage of electronic warfare capability in the area, the UK's Ministry of Defence said. Analysts generally say Russia has the upper hand with electronic warfare technology that can jam and divert drones. However, this does not appear to be the case in the area around the Dnipro River, the UK department noted.
Persons: , Mykhailo Fedorov Organizations: MOD, Service, UK's Ministry of Defence, Krynky, Financial Times, Analysts, CNN, for Locations: Russia, Dnipro, Ukraine, Russian
The India SENSEX Index, an index of 30 large companies listed on the Bombay Stock Exchange, is up 18% this year. The iShares MSCI India ETF (INDA) is at a new high. You run several international ETFs focused on the internet and ecommerce, including the India Internet & Ecommerce ETF (INQQ). The internet companies are the fastest growing consumer companies. The India Internet economy may grow 500% by 2030.
Persons: Burton Malkiel, Kevin Carter, Todd Sohn, There's Organizations: Bombay Stock Exchange, Edge, Chemical Bank, Princeton University, EMQQ, India, Ecommerce, Strategas Securities, Microsoft, Apple, India's Tata Group, Bajaj Financial, China ETF, White House Locations: Europe, India, China, United States
HR and recruitment teams are beginning to use AI tools in multiple stages of the hiring process. But beware: AI recruitment can still be riskyWhile AI technology is helping recruiters in many ways, there are some risks to consider and mitigate. In 2022, researchers at Cambridge University found that AI recruitment tools weren't capable of eradicating bias or boosting diversity during the hiring process. These problems often arise because of biased historical data used for training AI recruitment technologies, Maynard said. Jackson recommended that companies develop strict policies governing the use of AI hiring tools and provide their recruitment teams with bias training.
Persons: , Lindsey Zuloaga, HireVue, Pamela Maynard, Avanade, Maynard, Paolo Pescatore, Alexandra Levit, Levit, Roger Philby, she'd, it's, Annie Jackson, Cleo, Jackson, Parul Mishra, It's, Mishra Organizations: Service, Tech, Business, Chemistry Group, Sheffield Business School, Cambridge University, Amazon, Unilever, Microsoft, Companies, IBM
But the potential of 5G technology could be enormous and a major boon to businesses, tech leaders told Business Insider. She added that nearly 20 countries around the globe still lacked 4G connectivity but could be brought up to date using 5G. "5G, and specifically private 5G, is acting as a catalyst that is driving customers toward change," he said. "Currently, the site showcases IoT connectivity, edge analytics, and predictive analytics to drive sustainability and energy efficiency on a private 5G network," Sandhu said. Alongside Schneider Electric, NTT has customers including Frankfurt Airport (Europe's largest private 5G network) and the city of Las Vegas (the largest private 5G network in the US) signing up to develop private 5G and edge-computing capabilities.
Persons: Marga Hoek, Hoek, Matt Cranfield, Andy Lindsell, Lindsell, Parm Sandhu, NTT Ltd . Sandhu, Sandhu Organizations: Accenture, Business, Tech, Cranfield, NTT Ltd, NTT Ltd ., 5G, Schneider Electric, NTT, Frankfurt Locations: Marga Hoek Hoek, Lexington , Kentucky, Las Vegas
Migrate to Innovate
  + stars: | 2023-11-30 | by ( Sponsor Post | Sponsored Microsoft | ) www.businessinsider.com   time to read: +4 min
After evaluating several possible routes, American Airlines' customer hub team chose Microsoft's fully managed database service, Azure SQL Managed Instance. "Azure SQL Managed Instance was the only option that met all our requirements," Jayanta Saha, principal data architect at American Airlines, said. Efficiency, security, and cost optimization with Azure SQL Managed InstanceA fully managed cloud database service like Azure SQL Managed Instance is a critical first step in a business' transformation journey, boosting security and productivity while optimizing costs. Azure SQL Managed Instance enables organizations to take a significant step in their digital transformation journey —modernizing their applications, unlocking new potential, and empowering businesses to turn focus to future growth and innovation. Learn more about Microsoft Azure SQL Managed Instance, accelerated by Intel.
Persons: Microsoft's, Jayanta Saha, study3 Organizations: Microsoft, American Airlines, IDC, American, Cloud, Intel, Insider Studios Locations: Gartner1, cybersecurity
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 30 (Reuters) - EU countries and EU lawmakers on Thursday agreed to rules to protect laptops, fridges, mobile apps and smart devices connected to the internet from cyber threats following a spate of such attacks and ransom demands in recent years around the world. It sets out cybersecurity requirements for the design, development, production and the sale of hardware and software products. They must be more transparent on the security of hardware and software products for consumers and business users, and report cyber incidents to national authorities. Importers and distributors will have to verify that products conform with EU rules. The Commission has said the cybersecurity rules could save companies as much as 290 billion euros ($316 billion) annually versus compliance costs of about 29 billion euros.
Persons: Dado Ruvic, Jose Luis Escriva, Foo Yun Chee, Josie Kao Organizations: REUTERS, Rights, European Commission, Manufacturers, EU, Thomson Locations: Rights BRUSSELS
Ukraine is already racing to catch up with Russia when it comes to electronic warfare. Electronic warfare, or EW, involves weapons or tactics using the electromagnetic spectrum. Pavlo Petrychenko, drone commander with Ukraine’s 59th Motorized Brigade, says destroying Russia's electronic warfare systems is crucial to Ukraine's war effort. Otherwise, there’s a real risk that electronic warfare systems can work against you, downing your own drones, Fedorov added. It’s a future where “electronic warfare capabilities, tactics are integrated into conventional force operations,” she added.
Persons: London CNN —, Pavlo Petrychenko, Pavlo Petrychenko “, ” Petrychenko, Russian jammers, Mikhail Mishustin, Valery Zaluzhny, ” Zaluzhny, Zaluzhny, Charlie Dietz, ” Dietz, Mykhailo Fedorov, ” Fedorov, Fedorov, “ oversaturating, , Petrychenko, , , Kari Bingen, Dietz Organizations: London CNN, Kyiv, Ukraine’s 59th Motorized Brigade, , CNN, High Mobility Artillery, Ukraine’s NATO, GPS, Russian Defense Ministry, TASS, Russian, Pentagon, HIMARS, Royal United Services Institute, Aerospace Security, Strategic, International Studies Locations: Ukrainian, Donetsk, Ukraine, Russia, Avdiivka, Ukraine’s, Russian, Moscow, United States, Kyiv, British
Widespread mobile ownership, together with rapid digitalization after the pandemic, helped spur the expansion of digital financial services in Southeast Asia, said PwC. PwC"This enhanced availability and convenience of digital payments will see the bulk of the regional population leveraging mainstream digital financial products, such as e-wallets, further expediting the expansion of financial services," said PwC. watch now"Consumers are adopting digital financial services at a rapid pace. Cash is no longer king, as digital payments now make up more than 50% of the region's transactions," a recent Google, Temasek and Bain & Company report wrote. "In some regions such as Southeast Asia, [digital payments via e-wallets] are already more common than physical card payments and set to dominate point-of-sale [systems] overall," wrote Dan Jones and Alex Walker of OliverWyman.
Persons: PwC, hawkers, , Cash, Dan Jones, Alex Walker of OliverWyman Organizations: Banking, Getty, Careem, Mercado Libre, Temasek, Bain & Company Locations: China, East Asia, Shanghai, Banking Asia, Asia, Southeast Asia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Brunei, Laos, Cambodia, Paytm, India, AliPay, Latin America
Ukraine is putting renewed effort into its fight against Russia's electronic warfare, CNN reported. AdvertisementUkraine is focused on destroying Russia's electronic warfare systems that are increasingly hampering its advanced weaponry, CNN reported. Electronic warfare systems can seriously hamper advanced weapons, by jamming signals or by confusing a missile as to where it is, causing it to miss its target. AdvertisementCompared to older weapons systems, modern systems like HIMARS are particularly vulnerable to electronic warfare because they use GPS to hit their targets, CNN noted. But he warned that Russia was outdoing Ukraine in developing its own electronic warfare systems.
Persons: , Pavlo Petrychenko, Petrychenko, Ukraine's, Mykhailo Fedorov, Valerii Zaluzhnyi Organizations: CNN, Service, KU, 59th Motorized Brigade, Economist, GPS, Royal United Services Institute, Pentagon, Business, outdoing Locations: Ukraine, Russia, outdoing Ukraine
Nov 28 (Reuters) - NetApp (NTAP.O) raised its annual profit forecast on resilient demand for its cloud-based data solutions as companies push on digital transformation projects, sending its shares up 10% after the bell on Thursday. Rise of artificial intelligence applications has also boosted spending on cloud computing, including storage solutions like the ones provided by NetApp. The company expects full-year adjusted profit per share between $6.05 and $6.25 compared with $5.65 to $5.85 it had previously projected. NetApp forecast net revenue for the third quarter to be between $1.51 billion and $1.67 billion, the mid-point of which was above analysts' estimate of $1.56 billion. It expects adjusted profit between $1.64 and $1.74 per share, above market expectation of $1.53.
Persons: George Kurian, Harshita Mary Varghese, Arun Koyyur Organizations: NetApp, Web Services, Google, Thomson Locations: Bengaluru
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. We're now talking about a renaissance state here that happens within this greater geopolitical and economic environment," Dalio told CNBC's Dan Murphy on Tuesday. The UAE "is a renaissance state," Dalio said. Amid higher oil prices in recent years, the region's mammoth sovereign wealth funds had ever more to spend. The region's combined 10 largest sovereign wealth funds managed some $4 trillion in early 2023, according to the Sovereign Wealth Fund Institute.
Persons: Ray Dalio, ABU, Dalio, CNBC's Dan Murphy, Dalio's Organizations: Forbes, Getty, United, United Arab Emirates, Bridgewater Associates, United Arab, CNBC, Abu, Abu Dhabi Finance, GCC, Gulf Cooperation, Dalio's Bridgewater Associates, Pensions & Investments, The, Dubai International Financial, Sovereign Wealth Fund, , Saudi Arabia's Public Investment Fund Locations: New York City, Taylor, ABU DHABI, United Arab, Gulf, United Arab Emirates, Abu Dhabi, U.S, Singapore, The UAE, UAE, Saudi Arabia, Dubai, London, New York, France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a 'massive shift' to digital in the auction market, says Christie'sFrancis Belin, president of Asia Pacific at Christie's, says the auction industry has seen a digital transformation following the Covid-19 pandemic, where in the first half of 2023, "80% of all the bids that we had at Christie's globally ... were bids online."
Persons: Christie's Francis Belin Organizations: Asia Pacific Locations: Christie's
As a countermeasure, Ukraine has taken several steps to develop new warfare tech. In electronic warfare, jamming technology can be used to disable drones, suppress radar signals, and render GPS-guided missiles useless. AdvertisementBoth countries are engaged in electronic warfare, but Ukraine's capabilities are harder to assess, The Associated Press reported last year. The US has previously expressed concerns that Russia has been deploying jamming technology to reduce the accuracy of American-made smart bombs. The impacts of Russia's electronic warfare have made quickly seeking and developing technological countermeasures a priority for the Ukrainian government.
Persons: , Mykhailo Fedorov Organizations: Service, Ukraine's Ministry of Digital Transformation, Associated Press, US, Royal United Services Institute, New, Himera Tech Locations: Ukraine, Ukrainian, Russia
Spanish Prime Minister Pedro Sanchez's new cabinet
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +6 min
Spain's Prime Minister Pedro Sanchez takes the oath of office during a ceremony at Zarzuela Palace in Madrid, Spain November 17, 2023. Andres Ballesteros/Pool via REUTERS Acquire Licensing RightsNov 20 (Reuters) - Spanish Prime Minister Pedro Sanchez on Monday announced his new cabinet, keeping the same number of 22 ministers, 12 women and 10 men, despite reshuffling some of their portfolios. SOCIALIST MINISTERS:NADIA CALVINO - ECONOMYCalvino remains as Sanchez's first deputy prime minister and top economic expert. FELIX BOLANOS - JUSTICEBolanos saw his profile boosted by heightened media exposure while acting as Sanchez's de facto cabinet chief. SIRA REGO - CHILDREN AND YOUTHThe second-in-command and main spokesperson for the United Left, she became an MEP in 2019.
Persons: Pedro Sanchez, Andres Ballesteros, NADIA CALVINO, Calvino, Sanchez's, TERESA RIBERA, Ribera, MARIA JESUS MONTERO, Sanchez, Montero, FELIX BOLANOS, JUSTICE Bolanos, JOSE MANUEL ALBARES, Arancha Gonzalez Laya, MARGARITA ROBLES, Robles, FERNANDO GRANDE, Miquel Iceta, PILAR ALEGRIA, Alegria, Isabel Rodriguez, ISABEL RODRIGUEZ, Rodriguez, JOSE LUIS ESCRIVA, DIANA MORANT, LUIS PLANAS, Puente, Alberto Nunez Feijoo, JORDI HEREU, Hereu, Hector Gomez, ANGEL VICTOR TORRES, Torres, ELMA SAIZ, Escriva, Redondo, Podemos party's Irene Montero, SUMAR, YOLANDA DIAZ, LABOUR Diaz, Sumar, MONICA GARCIA, Garcia, Isabel Diez Ayuso, ERNEST URTASUN, PABLO BUSTINDUY, Bustinduy, Alberto Garzon, Ione Belarra, SIRA REGO, David Latona, Aislinn Laing, Grant McCool Organizations: Spain's, REUTERS Acquire, Spanish, Monday, European Investment Bank, JUSTICE, High, Culture, Social Security, Universities, Democratic, Socialist, ANA REDONDO, LABOUR, Mas Madrid, Greens, European Free Alliance, Consumer Affairs, United Left, Thomson Locations: Zarzuela, Madrid, Spain, Dubai, France, Morocco, Ukraine, Melilla, Gandia, Valladolid, Barcelona, Canary, Bolanos, Pamplona, Navarre, Mas, Podemos, Gaza, SIRA, Israel
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