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Microsoft and Darktrace partner to tackle cybersecurity with AI
Microsoft is partnering with Darktrace, an autonomous cybersecurity AI company that uses self-learning AI to respond to threats at "machine speed". The technology works to learn from enterprise environments, learning a sense of “self” to distinguish between benign and malicious behaviours. Microsoft says the partnership will provide unparalleled defence against sophisticated attacks.
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2H
AI chip company Mythic raises $70m
Mythic has pocketed $70m in its latest round of funding. The company's AI chips are built with analog technology and integrated with dense flash memory, making them cheaper and more energy efficient than other AI chips. The chips are most commonly deployed in smart home devices. Blackrock and HPE led this latest investment round. Mythic has so far raised $165m in total funding.
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6H
Tech firms form coalition to lobby U.S. government over chip subsidies
Tech companies in the United States have formed a coalition to lobby the government for chip making subsidies. In recent months some industries have been forced to slow production because of the global semiconductor shortage. The newly-formed Semiconductors in America Coalition is made up of both chip makers such as Intel, and chip buyers includes Apple, Microsoft and Google.
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6H
City of Tulsa hit by ransomware attack, systems taken offline
The City of Tulsa, Oklahoma has shut down a number of its online systems after being hit by a ransomware attack. In a Facebook post, Tulsa's government said the City has shut down various servers, internal programmes and its email system. "No customer information has been compromised, but residents may not be able to access City websites and there could be delays for some City services," it said.
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7H
ServiceNow to acquire Lightstep
ServiceNow has signed an agreement to acquire next-generation observability leader Lightstep. ServiceNow said the acquisition will "solidify and accelerate its position as the world’s leading enterprise platform for digital businesses". ServiceNow said that it expects to complete the acquisition in second quarter of 2021. Financial terms of the deal were not disclosed.
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1D
Self-driving tech company Plus agrees $3.3bn SPAC deal
Self-driving truck technology company Plus has announced it is merging with SPAC company Hennessy Capital Investment Corp. V. The deal values the company at $3.3bn, with the newly formed business getting proceeds of $500m, including a private investment of $150m. PlusDrive uses advanced sensing technologies, including radar, LiDAR, and cameras to provide a 360-degree sensing system.
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1D
Pentagon could pull the plug on JEDI
The U.S. Pentagon is considering pulling the plug on its JEDI cloud project. The deal was awarded to Microsoft back in 2019 but has been challenged by AWS over allegations of political interference. The Pentagon had been set to dismiss most of AWS's case but a federal judge blocked such a move last month. The project was worth $10bn and is set to uproot the government's defence infrastructure.
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1D
JPMorgan appoints two new CIOs
JPMorgan has appointed two new CIOs for its technology divisions, according to Reuters. James Reid will take the role of CIO for a new unit focused on developing and modernising tech for the bank's employees and is also the company's first ever Black CIO, said the report. Melissa Goldman has been appointed as CIO for the renamed Finance, Risk, Data and Controls technology unit.
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1D
Nokia wins contract for Swisscom's optical transport network
Nokia has won a major contract with Swisscom to supply its new optical transfer network. The network transformation will allow Swisscom to meet demands around remote work and learning applications, video streaming, gaming and cloud computing. It is believed the deal will also lead to cost savings for Swisscom in the future. "Nokia has proven to be a trusted partner," said its CIO.
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1D
Major U.S. fuel line hit by cyberattack
One of the major fuel lines in the U.S. has been shut down by a ransomware attack. The system is owned by Colonial Pipeline Co. and supplies more than 100m gallons of oil to the East Coast, from New York to Texas. Colonial Pipeline said it had taken some of its systems offline after the attack, which hit the company on Friday. Reuters says the attack may involve the DarkSide ransomware group.
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