Interesting news from around the World

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We bring you a selection of interesting news from around the world…

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Why are there no minicomputers any more?

There is one class of machine that once had a vital role in the evolution of computing. Companies grew large and profitable building them. But now they’ve vanished, notable only for their absence, and for the legacy of the software that was originally developed on them.

Digital pound plans should proceed with caution, say UK MPs

The benefits of the currency are still unclear and, if launched, there must be systems in place to protect cash access and privacy, the Treasury Committee said.

Amazon unleashes Q, an AI assistant for the workplace

Aimed at the office, Amazon Q can summarize documents and assist with programming tasks.

Every Bitcoin payment ‘uses a swimming pool of water’

That’s around six million times more than is used in a typical credit card swipe, Vrije Universiteit Amsterdam, calculates.

Major shadow bank investigated for ‘crimes’

Chinese officials have launched an investigation into one of the country’s biggest shadow banks, which has lent billions to real estate firms and is now insolvent with liabilities of $64bn but assets estimated at about $38bn.

Church entirely devoted to worshiping AI gets a reboot

Church founder believes that AI chatbots will soon be so powerful they will essentially be gods.

New Zealand puts tax revenue before health by reversing cigarette sales ban

New Zealand’s new government has announced it will scrap the nation’s world-leading smoking ban to help fund tax cuts.

Binance founder Changpeng Zhao steps down as CEO, will plead guilty to federal charges

The crypto exchange will continue to operate following a $4.3 billion settlement with the Justice Department.

Amazon will allow auto dealers to sell cars on its site, starting with Hyundai

Next year, Amazon USA will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said.

NHS talking therapy recommended for menopause symptoms

Women should be offered talking therapy instead of, or as well as, hormone replacement therapy (HRT) for problematic menopause symptoms, new draft guidance for the NHS says.

Ransomware gang files SEC complaint over victim’s undisclosed breach

The ALPHV/BlackCat ransomware operation has taken extortion to a new level by filing a U.S. Securities and Exchange Commission complaint against one of their alleged victims for not complying with the four-day rule to disclose a cyberattack.

Amazon announces Astro for Business, a robotic security guard for workplaces

Amazon originally announced the Astro robot back in 2022 and it has been available through Amazon only by invitation, however today’s announcement makes it purchasable in the USA.

Only 14 percent of enterprises are ready for AI

New research from Cisco reveals that just 14 percent of organizations globally are fully prepared to deploy and leverage AI-powered technologies.

Meta OKs deleting Threads without losing Instagram

Changes are being rolled out to the Threads app that will enable users to delete their account while keeping the linked Instagram account.

Co-working giant WeWork files for bankruptcy in the US

The firm reported liabilities of $10bn to $50bn (£40.5bn), according to a bankruptcy filing in the New Jersey federal court.

‘Crypto King’ Sam Bankman-Fried guilty of FTX fraud

Sam Bankman-Fried, who once ran one of the world’s biggest cryptocurrency exchanges, has been found guilty of fraud and money laundering at the end of a month-long trial in New York.

WeWork: Shares plunge after reports say firm is filing for bankruptcy

Shares in the troubled office-sharing firm WeWork plunged on Wednesday, following reports it could file for bankruptcy as early as next week.

Microsoft has abruptly ended its metaverse project

Microsoft has discontinued its ambitious foray into the metaverse, opting to shelve its two key projects, Project Airsim and Project Bonsai. The move, expected to affect a substantial workforce, is a surprising turn for the tech giant known for its innovative endeavors.

Empathy isn’t a soft skill — it’s actually ‘the hardest skill we learn

Microsoft CEO Satya Nadella says empathy is an important business skill, not just a soft skill. Studies show that empathy is one of the most important leadership skills.

Financial crimes analyst loses case after fiddling expenses

Citibank has won an employment tribunal after sacking a worker for claiming expenses for sandwiches and coffee for his partner, and then lying about it.

We need to be happy at work!

Trust and purpose are what people are looking for in their relationship to work today.

FTX thief cashes out millions during Bankman-Fried trial

A thief who stole more than $470m (£383m) in cryptocurrency when FTX crashed is trying to cash it out while the exchange’s founder is on trial.

Where hybrid work goes from here: A global perspective

HP’s Work Relationship Index explores the state of people’s connection to work around the world and how employers can respond.

Call of Duty maker Activision to be bought by Microsoft

Microsoft’s revised offer to buy Call of Duty-maker Activision Blizzard has been approved by UK regulators.

Next set to buy rival brand Fat Face in latest High Street buy

High Street giant Next is understood to be close to securing a deal to buy rival fashion chain Fat Face.

Long gone, DEC is still powering the world of computing

One of the early pioneers in computing, the company disappeared in the late 1990s but its influence lives-on.

How Ghana’s central bank lost $5bn in one year

Ghana – once touted as a trailblazing African economic success story – is facing an unprecedented financial crisis.

Next generation of employees will work 3.5 days a week and live to 100 years old

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity — instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees.

76% of IT decision makers believe Macs are more secure than other computers

Apple is constantly promoting its devices as secure due to their unique combination of hardware and software. Because of this, many companies have been opting for the Mac for their IT departments over other platforms.

ChatGPT can now access up to date information

OpenAI, the Microsoft-backed creator of ChatGPT, has confirmed the chatbot can now browse the internet to provide users with current information.

ChatGPT now supports voice chats and image-based queries

Spotify is also using OpenAI’s tech to translate podcasts using hosts’ own voices.

How the fall of the ‘King of Crypto’ cost one British man millions

With the so-called “King of Crypto” about to go on trial for multiple fraud charges, one British man tells how the collapse of Sam Bankman-Fried’s company lost him a fortune.

JPEX: Hong Kong investigates influencer-backed crypto exchange

Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.

How to keep your university-bound young adult safe and cybersecure

Parents are packing off their children to dorm rooms and first apartments, but do they know how to keep them safe from digital threats?

Microsoft is bringing ‘OCR’ text recognition to Windows 11’s Snipping Tool

Microsoft has announced new updates for the Snipping Tool and Phone Link apps on Windows 11 that are rolling out now in preview.

Tea purists divided over new 60-second brew

A thoroughly British storm in a teacup is coming to the boil after a leading brand claimed it has devised a tea bag that can brew the perfect cuppa in 60 seconds.

France halts iPhone 12 sales over radiation levels (Apple’s response)

France has ordered Apple to stop selling the iPhone 12 for emitting too much electromagnetic radiation.

Microsoft Paint in Windows 11 gets a background removal tool

Microsoft is rolling out a new version of the Paint application on Windows 11 Insider builds that can remove the background from any picture with the click of a button.

Two out of three companies lose data due to failed backups

22% admit, “We don’t have sufficiently robust backups in place to allow rapid recovery from any attack.”


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