Wells Fargo
"We'll move slowly": Wells Fargo CEO reveals bank's cautious approach to Generative AI
"There is traditional AI - and then there is GenAI..."
Department of Defense
Over budget and under-performing: Department of Defense IT challenges in the spotlight
Costs soar across the DOD as "budget constraints remain a challenge" and agile processes struggle to take root
LLMs
Microsoft unveils a large language model that excels at encoding spreadsheets
New LLM has the "potential to transform data management and analysis, paving the way for more intelligent and efficient user interactions."
Snowflake
Is Snowflake the 'third-party cloud platform' caught up in massive AT&T data heist?
The customer of records of almost 110 million people have been stolen - and it's claimed that a familiar name may be at the centre of the story
AI
EU AI Act enters into law: Businesses face "potentially lethal" compliance risks, expert warns
"Astronomical fines, sweeping scope, and unclear definitions. The scariest thing about AI is now, unequivocally, AI regulation itself."
Citigroup
Citigroup fined $136 million: Regulator warns of "enterprise-wide deficiencies”
Banking group facing huge payout after allegedly making "insufficient progress" on risk and data quality management transformation
Microsoft
Microsoft promises HCI on EU clouds as it settles complaint – but AWS, Google, other critics lash out
"CISPE has given Microsoft the benefit of the doubt"
LLMs
OpenAI sends frontier model LLMs to fight bioterrorism at Los Alamos Lab
"Measuring and understanding any potential dangers or misuse of advanced AI related to biological threats remain largely unexplored."
fintech
Global fintech investment slump worsens: UK suffers 'steep drop'
The slowdown in funding activity during 2024 comes after a year so bad it was described as a "bloodbath" for fintech startups.
DARPA
DARPA is creating “reprogrammable microorganisms” to produce petrochemicals
Secretive US military research wing "aims to enable new concepts of operation for biomanufacturing that provide novel capabilities for national security.”
Patch Tuesday
Patch Tuesday brings a Hyper-V vulnerability exploited in the wild, trio of CVSS 9.8 bugs in RDS
Admins face prioritising 143 patches including two known-exploited.
LLMs
Nvidia intern’s team beats OpenAI’s GPT-4 LLM in ‘knowledge-intensive’ showdowns
Researchers give "RankRAG" large language models a dose of performance-enhancing instruction tuning and a pinch of ranking data before steering them to victory