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AWS, Google, and Oracle admitted they can't support current setup

Microsoft has the US Navy over a barrel, as the service admits it can't separate its custom-built cloud environment from Azure infrastructure without a complete rebuild "from the ground up." …

Private equity firms are facing systemic challenges after a half-century of meteoric growth as attractive takeover targets become scarce and financing costs remain elevated while exits prove increasingly difficult. US buyout funds currently hold more than 12,000 companies that would take approximately nine years to fully distribute at current rates, according to PitchBook data. The industry holds $1.2 trillion in dry powder and nearly a quarter of that capital was pledged at least four years ago. More than 18,000 private capital funds seek $3.3 trillion from increasingly reluctant investors, Bain estimates. Quarterly returns for US private equity funds fell from 13.5% in Q2 2021 to 0.8% in Q4 2024. Apollo President Jim Zelter described the situation as a "natural washout" at an investor conference this month. Charles Wilson of Selby Jennings added that "many PE firms are dead already, they just don't know it" and noted survival depends on how forgiving limited partners -- the entities, including pension funds and endowments, that have invested in private equity firms -- prove when firms return for new fundraising.

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Industry looks like it's going to come up short – by about $800B

The AI craze is fueling massive growth in infrastructure, but the industry will need to hit $2 trillion in revenue by 2030 to keep funding this habit. Consultants at Bain & Company think it is going to come up short.…

CNBC: Instagram now has 3 billion monthly active users, Meta CEO Mark Zuckerberg said Wednesday on his Instagram account. "What an incredible community we've built here," Zuckerberg posted on his Instagram channel. The figure is a major milestone for the photo-sharing app, which the social media company acquired in 2012 for $1 billion. Meta last disclosed Instagram's user figures in October 2022 when Zuckerberg said during an earnings call that the app had crossed 2 billion monthly users.

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Financial services firm admits it may mean fewer staff

US banking giant Citi has revved the Stylus Workspaces AI platform it has been rolling out to employees, touting that it is "now powered by agentic AI."…

An anonymous reader shares a report: Last year, the AI video company Runway joined forces with the major Hollywood studio Lionsgate in a partnership the pair hoped would result in AI-generated scenes and even potentially full-length movies. But the project has hit a snag. According to a report by The Wrap, the past 12 months have been unproductive. Lionsgate distributes Hollywood blockbusters including The Hunger Games, John Wick, The Twilight Saga, and Saw franchises. But despite its huge catalog, it is simply not enough for the AI to produce quality content. "The Lionsgate catalog is too small to create a model," a source tells The Wrap. "In fact, the Disney catalog is too small to create a model." Despite Runway being one of the leading names in AI video, the technology needs a copious amount of data to produce AI-generated films. It is the reason AI has proven to be such an unpopular technology, as AI firms help themselves to any type of media they can get their hands on -- whether it has copyright protections or not. Another issue is the rights of actors and the model for remuneration if their likeness appears in an AI-generated clip. It is a legal gray area with no clear path.

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Mandiant CTO anticipates 'hearing about this campaign for the next one to two years'

Unknown intruders – likely China-linked spies – have broken into "numerous" enterprise networks since March and deployed backdoors, providing access for their long-term IP and other sensitive data stealing missions, all the while remaining undetected on average for 393 days, according to Google Threat Intelligence.…

Microsoft AI CEO Mustafa Suleyman told The Verge today that the company plans to transform Edge into an "agentic browser" where Copilot controls tabs, navigates websites and completes tasks while users watch. Unlike The Browser Company's new Dia browser, Microsoft will integrate these capabilities directly into Edge. Suleyman described Copilot opening tabs, reading multiple pages simultaneously and performing research transparently in real-time. The AI visits websites directly, preserving publisher traffic. Current Copilot features include tab navigation, page scrolling and content highlighting. Users will have the option to disable AI features entirely. Suleyman predicted that within years, AI companions will handle most browsing tasks while users provide oversight and feedback.

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Most organizations use AI in dev, the question now is how to use it properly, claims report

Google Cloud's 2025 DORA (DevOps Research and Assessment) report is out, claiming that since 90 percent of respondents now make some use of AI for software development, the question is not whether to adopt it but how to realize its value.…

An anonymous reader quotes a report from Reuters: OpenAI, Oracle, and SoftBank on Tuesday announced plans for five new artificial intelligence data centers in the United States to build out their ambitious Stargate project. [...] ChatGPT-maker OpenAI said on Tuesday it will open three new sites with Oracle in Shackelford County, Texas, Dona Ana County, New Mexico and an undisclosed site in the Midwest. Two more data center sites will be built in Lordstown, Ohio and Milam County, Texas by OpenAI, Japan's SoftBank and a SoftBank affiliate. The new sites, the Oracle-OpenAI site expansion in Abilene, Texas, and the ongoing projects with CoreWeave will bring Stargate's total data center capacity to nearly 7 gigawatts and more than $400 billion in investment over the next three years, OpenAI said. The $500 billion project was intended to generate 10 gigawatts in total data center capacity. "AI can only fulfill its promise if we build the compute to power it," OpenAI CEO Sam Altman said in a statement. The Tuesday's announcement, expected to create 25,000 onsite jobs, follows Nvidia saying on Monday that it will invest up to $100 billion in OpenAI and supply data center chips. OpenAI and partners plan to use debt financing to lease chips for the Stargate project, people familiar with the matter said.

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After air passenger travel hit across the Atlantic, organized crime agency strikes

Breaking The UK's National Crime Agency has arrested a man as part of an investigation into a ransomware attack that disrupted airports around the world last weekend.…

Attackers hit jackpot after targeting Boyd Gaming

Hotel and casino operator Boyd Gaming has disclosed a cyberattack to US regulators, warning that hackers may have stolen personal information belonging to employees and other individuals.…

Report uncovers widespread clock blocking, coffee badging

UK workers totally understand why bosses want to get them back into the office – but would still jump ship if they were forced to give up remote working.…

Labour accused of sneaking in plans it denied before the general election

Seven campaign groups have written to UK prime minister Keir Starmer urging him to scrap plans for a mandatory digital identity system – a project that is expected to be announced imminently, as part an effort to tackle unauthorized migration.…

Covid-style financial support? Nothing to confirm yet, say MPs

The chair of the UK's business and trade committee says the situation at Jaguar Land Rover is likely to get "harder and harder over the next week or two," but stopped short of confirming that the government might intervene with financial support.…

Jaguar Land Rover has halted production for nearly a month following a major cyberattack, costing an estimated 30,000 vehicles and billions in lost revenue. "The company said on Tuesday that production would be halted for another week until at least October 1, which increased concerns that a full return to production could be months away," reports The Times. From the report: David Bailey, professor of business economics at Birmingham University, said the JLR statement did not commit to reopening production on October 1 and even if it did "it's not going to be back to normal, but phased production start with some lines opening before others, as we saw after the Covid closure back in 2020." He said: "It's 24 days [shutdown] as of September 24. So that is roughly 1,000 cars a day, 24,000 cars not produced. So by then, that's about 1.7 billion pounds in lost revenue. By October 1, it will be a hit to revenue of something like 2.2 billion pounds. It's pretty massive. JLR can get through, but they're going to be burning through cash this month." Bailey also raised concerns that smaller companies further down the supply chain lacked the cash reserves to withstand the shutdown. The company directly employs more than 30,000 people, and it is estimated that approximately 200,000 workers in the supply chain depend on work from JLR. "The union has said that in some cases, staff have been told to go and apply for universal credit. There are firms I know that have applied for bank loans to keep going. But even then, you know they're approaching the limit of what they do. There's an added knock-on effect that some of the suppliers also supply other car assemblers, Toyota or Mini. So some of those are concerned that bits of the supply chain may go under and affect them as well, because the industry is so connected. One way or another, the government's going to take a hit. Either through some sort of emergency support, whether that's furlough or emergency short-term loans or through unemployment benefit, if this carries on." There has been uncertainty over the extent of the cyberattack and exactly how the company has been affected, as well as who is responsible for it. According to one source, some JLR staff were still unable last week to access the Slack messaging system through the company's "one sign on" system. The JLR statement added: "We have made this decision to give clarity for the coming week as we build the timeline for the phased restart of our operations and continue our investigation."

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System meant to go live in 2021 costing £20M awaits reimplementation with new £170M price tag

Europe's largest local authority has delayed the introduction of a vital income management system (IMS) amid confirmation that total spending on a disastrous Oracle implementation could hit £170 million (c $230 million).…

HMCTS expands investigation into IT flaw after whistleblowers draw Horizon comparisons

The UK's HM Courts and Tribunals Service (HMCTS) is continuing to check whether an IT bug that could hide documents and data affected the outcome of any cases, a government minister has said.…

Not one to keep in the dark, and light on features as a result

HANDS ON Logitech is harnessing solar power in the K980 Signature Slim keyboard to solve a problem that might not have occurred to some users: battery anxiety.…

NASA aims to launch its first crewed lunar mission in over 50 years, as early as February. The 10-day Artemis II mission will send four astronauts on a lunar flyby to test systems, paving the way for future Moon landings under the Artemis program. The BBC reports: Lakiesha Hawkins, Nasa's acting deputy associate administrator said it would be an important moment in the human exploration of space. "We together have a front row seat to history," she told a news conference this afternoon. "The launch window could open as early as the fifth of February, but we want to emphasize that safety is our top priority." Artemis Launch Director, Charlie Blackwell-Thompson explained that the powerful rocket system built to take the astronauts to the Moon, the Space Launch System (SLS) was "pretty much stacked and ready to go." All that remained was to complete the crew capsule, called Orion, connected to SLS and to complete ground tests. The Artemis II launch will see four astronauts go on a ten-day round trip to the Moon and back to the Earth. The astronauts, Reid Wiseman, Victor Glover, and Christina Koch, of Nasa and Jeremy Hansen of the Canadian Space Agency, will not land on the Moon, though they will be the first crew to travel beyond low Earth orbit since Apollo 17 in 1972. The lead Artemis II flight director, Jeff Radigan explained that the crew would be flying further into space than anyone had been before. "They're going at least 5,000 nautical miles (9,200Km) past the Moon, which is much higher than previous missions have gone," he told reporters. Further reading: NASA Introduces 10 New Astronaut Candidates

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