The European Union is aiming to reduce the environmental impact of data centres as it plans to triple their capacity within the next five to seven years. The new proposal suggests establishing a common energy rating scheme to better manage and mitigate energy consumption across data centres.
According to the Financial Times, Nscale, a UK-based AI infrastructure start-up, aims for a valuation potentially reaching $35 billion as it prepares to go public in the US. This significant move highlights the company's growth and the increasing prominence of AI technology firms on the global stage.
Daire Cunningham of Spanish Point Technologies highlights the essential human aspect in digital transformation, particularly focusing on the adoption of AI. The article emphasizes that while technology provides the tools, it is the people who ultimately execute and realize transformation within organizations.
Fintech company Revolut has announced a significant investment of $182 million in Switzerland, aiming to strengthen its footprint in the country over the next five years. This move reflects the company's broader strategy for continued global expansion.
The programme is designed to establish Ireland as a premier hub for insurance innovation by facilitating direct connections between emerging start-ups and key industry players, including insurers, experts, investors, and seasoned founders.
Manus regained its independence in September after China's authorities halted Meta's planned acquisition of the startup. The company is now reportedly moving forward with fundraising efforts, aiming for a valuation of $4 billion. For more details, visit the full article on Silicon Republic.
Hackers have given Revolut a 24-hour ultimatum to pay a $3 million ransom or face the risk of their stolen data being sold to other cybercriminals. This incident highlights the growing threat of ransomware attacks targeting financial technology companies.
A recent data breach at financial technology company Revolut has affected a total of 680 account holders worldwide, including 12 users in Ireland. The leaked information includes sensitive details such as passport and bank data.
Microsoft has introduced a draft of its AI code of conduct, outlining principles for what its AI models should and shouldn’t do. The company is seeking public input before releasing a finalized version later this year.
The Italian cybersecurity startup, Exein, has raised $270 million in a funding round, reaching unicorn status. The company is focused on combating cyber threats by leveraging advanced AI-powered technologies to counteract AI-driven hackers.
