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HSBC values Silicon Valley Bank UK at $1.5 billion after £1 buyout

HSBC reported costs of $7.5 billion despite “continued cost discipline” in Q1 2023, which it attributed to “higher spend on technology” as it also revealed a $1.5 billion gain from its £1 Silicon Valley Bank acquisition. The bank's IT leaders are continuing to execute HSBC'

Federal Reserve's damning Silicon Valley Bank post-mortem cites "textbook case"...

Fed says warns tech may have changed the pace of bank runs, points to "textbook" mismanagement

No more updates to Windows 10 says Microsoft as EOL looms

No more new features...

Meta to spend up to $33 billion on AI, as Zuckerberg pledges open approach to LLMs

AI recommendations are driving monetisation says Zuck, as Meta turns a corner

Ministry of Defence’s ERP headache is Deloitte’s uncontested millions

Payroll software needs to be migrated to Oracle cloud before data centre is bulldozed...

UK tech sector profit warnings triple

Profit warnings by UK-listed companies in the tech and telco sectors almost tripled in the first quarter. EY-Parthenon’s latest Profit Warnings report found 69% citing contract delays or cancellations as a cause of profit warnings, as CIOs continue to delay major spending decisions and consolidate vendor relationships. Since the

Ubuntu wants your CIO to love a Lunar Lobster

Canonical comes gunning for Windows, with a little help from Microsoft...

Nokia earnings highlight the steady growth of the private wireless network

Private wireless networks are growing in popularity and its stands out in Nokia's Q1 2023 earnings. Nokia sets up private wireless networks as a fairly plug-and-play set of modular hardware and software components that let users spin up both 4G and 5G private networks, often to support industrial

Data as an asset: AI puts the focus back on value

A key challenge is how to share and exploit data without risking loss of control...

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