After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator Attempts by London-based fintech start-up Revolut to establish itself as a registered bank in the United Kingdom were achieved this week. Revolut announced on its website that after three years, it has received its UK...
Category: Tech
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India-UK partnership set to focus on AI, semiconductors, and critical minerals
India and the United Kingdom have unveiled a pioneering technology security initiative aimed at spurring economic growth and deepening bilateral cooperation, reported AP. This announcement coincided with the inaugural official visit to India by the UK’s newly appointed Foreign Secretary. Under this new agreement, both nations will collaborate on critical technological advancements, spanning areas such...
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India and UK launch tech initiative as new British foreign minister makes his first official visit
India and the United Kingdom launched a new technology security initiative expected to boost economic growth and deepen collaboration, the two countries announced during the first official visit to India by the new British foreign secretary. According to the agreement, which was announced late Wednesday, the two countries will work together on crucial technologies, from...
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India-UK unveil futuristic Technology Security Initiative; to seal FTA soon
India and the UK on Wednesday firmed up a landmark technology security initiative that sets out a bold new approach for collaboration in a range of “priority” sectors including telecom, critical minerals, semiconductors and artificial intelligence, with a broader aim to elevate their strategic partnership to the next level. The decision on the...
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India, UK launch Technology Security Initiative led by NSAs
New Delhi: The Prime Ministers of India and the United Kingdom are launching a new ‘Technology Security Initiative‘ (TSI) to elevate the strategic partnership between the two countries to the next level. This was announced during visit of UK Foreign Secretary David Lammy. The TSI will be coordinated by the National Security Advisors (NSAs) of...
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U.S., United Kingdom, and E.U. make pact supporting AI competition
The United Kingdom’s competition watchdog has published a joint statement alongside counterparts from the United States and European Union in a pledge to support competition in AI. The Competition and Markets Authority stated there was consensus on the opportunities to be unlocked by AI, but also a need to ensure consumers are protected and for...
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Tech boss apologises for chaos on busiest travel day of the year
George Kurtz has apologised for the chaos (Picture: Getty) Airports, train operators, banks, football clubs, news organisations and big companies in several other sectors have all been hit by a major worldwide IT outage. George Kurtz, boss of US company CrowdStrike – which is behind the IT outage – has now said he is ‘deeply...
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Mass IT outage hits airports, businesses and broadcasters around the world
Major airlines, medical facilities, businesses and police forces around the world are currently being affected by a massive information technology glitch caused by a problem with Microsoft cloud computing services early Friday. CrowdStrike, the U.S. cybersecurity company behind the glitch that affects Microsoft Windows users, says that the outage “is not a security incident or...
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Global IT outage causes chaos, disrupting airlines, banks, media, telecoms
Australia’s National Cyber Security Coordinator says ‘no information to suggest it is a cyber security incident’. A massive technology outage has disrupted businesses and institutions in multiple countries, throwing airlines, government services, banks, supermarkets, telecoms and media outlets into chaos. The cause of the outage was not immediately clear, but it came hours after Microsoft...
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Global tech outage live updates: Flights grounded and offices hit as internet users face disruptions
Some U.S. states report 911 disruptions Emergency 911 number is dialed on a mobile phone, Thursday, April 18, 2024, in St. Louis. (AP Photo/Jeff Roberson) Officials in some U.S. states, including Alaska, Virginia and Iowa, warned of 911 problems in their areas. Alaska State Troopers warned that many 911 and non-emergency call centers across the...
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United Kingdom to introduce stricter AI Bill in King’s Speech
In an anticipated move towards more stringent regulation of Artificial Intelligence (AI) technologies, the UK government has announced the introduction of an AI Bill in the King’s Speech. This legislation marks a significant departure from the previous administration’s flexible, principle-based framework, aiming instead for binding regulations that ensure the responsible use of AI. Simon Morris,...
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Microsoft’s hiring of Inflection AI co-founder, other employees triggers probe in the UK – Times of India
Microsoft, in March, acquired Inflection AI and hired its staff to join its new AI division. Now, Britain’s competition regulator has started a formal investigation (phase 1) into the tech giant’s partnership with the startup under merger rules.“The Competition and Markets Authority (CMA) is considering whether it is or may be the case that Microsoft...