Lloyds Banking Group (LBG) has partnered with Microsoft to accelerate the group's digital transformation as part of a multibillion-pound tech investment pledge announced two years ago.
The strategic partnership will see the tech giant develop a "modern digital workplace" for the group, which has committed to investing £3 billion in technology to bring its offerings up to speed with agile challenger banks like Monzo and Revolut.
Under the partnership, LBG will get the full force of Microsoft Managed Desktop: Office 365 productivity tools, Microsoft-managed security and feature updates, and a cloud-based "advanced device solution" to support the group's currency management.
Writing in the Financial Times, Google chief executive Sundar Pichai said new rules were needed to ensure it was developed and used responsibly. Artificial intelligence is “too important” not to be regulated because of the damage it could cause if left unchecked, the boss of Google has said. Sundar Pichai said the correct use of AI had the potential to save lives, but issues such as deepfakes and the “nefarious uses of facial recognition” showed it could also be a danger to public safety.
According to reports that surfaced late last week, Intel is planning to lay off a substantial number of employees within its Data Center Group as part of a significant restructuring of the division.
SemiAccurate and Anandtech both reported Friday that between 35 and 33 percent of staff within the company's data centre unit face losing their jobs, just days before the semiconductor giant is scheduled to report its fourth-quarter results to media and investors.
“This is an outstanding event that delivers fantastic results for us. The audience is huge but, more importantly, the quality of the prospects in the room is absolutely top class and means we can access decision makers from multiple new customers across two days. "