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Microsoft and KPMG team up on quantum projects
Microsoft and KPMG are working together to explore and solve common business problems utilising quantum-inspired optimisation techniques available through Azure Quantum. Initial collaboration projects expect to focus on benchmarking solutions for financial services telecommunications. KPMG has built a dedicated team of professionals focused on quantum-related technologies.
Nokia to build Oulu campus
Nokia is to go ahead with the build of a new campus in Oulu, Finland. The hub will offer "more collaborative" spaces and will be tailored to hybrid working. Negotiations have concluded with a finance partner, which enabled Nokia to press ahead. The campus is expected to be completed during 2025. "The new campus follows our vision of connecting people, technology and nature," said a spokesperson.
Meta launches PyTorch Live to accelerate AI-based mobile apps production
Meta has launched PyTorch Live, which it says will make it easier for developers to build artificial intelligence-based apps. PyTorch Live will offer JavaScript to build apps for both Android and iPhone. Machine learning models will be able to be shared on the platform. "Our mission is to accelerate the path from research prototyping to production deployment," a spokesperson told Venture Beat.
Informatica and Databricks expand partnership
Informatica and Databricks have expanded their partnership by integrating Informatica’s data management cloud software with the Databricks Lakehouse Platform. Intelligent Data Management Cloud Delivers cloud-native, no-code ELT and ETL with Databricks SQL "The cloud-native data integrations represent a new chapter in the Informatica-Databricks partnership," said Pankaj Dugar, Databricks.
US FTCs sues to block Nvdia's $40bn Arm acquisition
The US Federal Trade Commission has sued to block Nvidia’s $40bn takeover of British chip company, Arm, arguing that it would stifle competition and harm consumers. The deal is also under scrutiny from UK and EU regulators. “This proposed deal would distort Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s rivals,” said FTC's Holly Vedova.
Meta to tap AWS cloud and AI services
AWS and Meta have deepened its relationship, the companies have said, with AWS becoming a strategic cloud provider. Meta will broaden its use of AWS compute, storage, databases, and security services to provide privacy, reliability, and scale in the cloud. It will also use AWS’s compute services to accelerate artificial intelligence research and development for its Meta AI group.
Bank of Ireland hit with $27.8m fine for IT failings
The Bank of Ireland has been hit by a 24.5m euros ($27.8m) fine over technology failings by the country's central bank. It reported failures to have a robust framework in place to ensure continuity of service for the company and customers in the event of a significant IT disruption. IT deficiencies were repeatedly identified from 2008 but only started to be recognised and addressed in 2015.
Jack Dorsey's Square changes its name to Block
Shortly after leaving Twitter, Jack Dorsey has announced that his digital payments company Square is changing its name to Block. The choice was made to underline the many "building blocks" tha form the company. Block will represent the corporate parent of Square, in a similar way to Meta and Facebook. "Block is a new name, but our purpose of economic empowerment remains the same," Dorsey said.
Blue Prism backs late takeover bid from SS&C Technologies Holdings
Blue Prism has backed a bid from SS&C Technologies Holdings, worth $1.65bn (£1.24bn). It had previously given the green light to a bid of £1.22bn bid from Vista Equity Partners. "The directors of Blue Prism intend to recommend unanimously that Blue Prism shareholders approve the Acquisition and have therefore decided to withdraw their recommendation of the Vista Offer," said a statement.
UK watchdog orders Meta to sell Giphy
The UK's Competition and Markets Authority has ordered Meta to sell GIF platform Giphy. An investigation by the watchdog concluded that concluded that Facebook’s acquisition of Giphy would reduce competition between social media platforms and that the deal has already removed Giphy as a potential challenger in the display advertising market. Meta bought Giphy for around $400m last May.
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