Banks expect to hand decisions to AI – even if they can’t explain them

Banks are racing toward a future where AI no longer merely informs key credit, treasury, and risk decisions – it makes them autonomously. Yet AI governance is not keeping pace with adoption, according to new AI risk research by FT Longitude, SAS and Microsoft. Even as...

Mankind’s first journey to another star set for 2029 launch

Plans are underway for mankind’s first journey to another star – a trip that is expected to take about 80 000 years. The Fermi Explorer Mission, a nonprofit organisation, hopes to set off for Alpha Centauri by 2029. The more than 40-trillion kilometre journey is...

IT spend will breach $7trn for the first time in 2027

Worldwide IT spending is expected to reach $7,35-trillion in 2027, up 15% from 2026, according to the latest forecast by Gartner. “Collectively, the market forces are reinforcing spend around AI infrastructure, AI-enabled cloud platforms, and advanced software...

As African CEOs embrace AI, ROI is still elusive

By Kathy Gibson - African companies are in the middle of learning and adopting artificial intelligence (AI), and adapting to the changes it brings. But they are also looking beyond adoption at how to measure value from their AI investments, says Ladi Asuni, partner...

This is the data lost in recent privacy breaches

A massive 530 million of the most significant breaches during the past year were emails, while 25% of the breaches included phone numbers. Privacy protection company Surfshark analyzed 5,3-billion data points from the most significant breaches of the past year,...

Malware pretends to be a Windows 11 upgrade

Recently, Microsoft officially introduced a new version of its Windows operating system (OS), Windows 11, which will roll out to PC owners later this year. However, as the OS is now available for download and early adoption, Kaspersky has found the update is already...

Car sales continue to decline

February's new vehicle sales continued the decline that started in January. Total industry sales declined 8,1%, year-on-year, with 48 148 new vehicles sold through all channels. Year-to-date, the market has receded 7,6%. Passenger car sales fell 6,1%, with sales of 32...

EMC targets quantum leap in market share

By Mark Davison at EMC in London - Always a dominant player in the primary storage arena, EMC executives believe that it's new all-flash strategy will translate into even more market share gains. Traditionally, EMC's market share has consistently hovered in the...

EMC ready for ‘fourth Industrial Revolution’

By Mark Davison at EMC in London - The strategic decision by EMC to adopt all-flash for its primary storage solutions will ably equip the company to deal with the demands of what is now being termed The Fourth Industrial Revolution, says the company's CEO, David...

Vodacom calls off Neotel acquisition

Vodacom has called off its proposed acquisition of Neotel, citing regulatory complexities. Initially, the acquisition included taking over Neotel’s spectrum licences, but this was ruled and a subsequent, restructured agreement mooted whereby Neotel would offer roaming...

EMC commits to all-flash storage

By Mark Davison at EMC, London - In what it is describing as a quantum leap for both the company and the industry, EMC has committed to all-flash storage solutions in its enterprise storage strategy going forward. And the company says the launch yesterday in London of...

SA leads in economic crime

A majority of South African organisations have been a victim of economic crime over the last two years. PwC's biennial Global Economic Crime survey, released today, found that a whopping 69% have fallen victim to economic crime, far more than the rates for...

Nissan recalls hacked smartphone app

Nissan has recalled a smartphone app that allowed hackers to drain the popular Leaf electric car's battery. According to Tech Insider, the security hole was found by researcher Troy Hunt, who worked out that the application programming interface (API) used only the...

SA needs to tackle skills scarcity

A three-pronged strategy is required in order to develop the skills South Africa needs. According to a GE Skills Paper, these are: a stronger education system with closer links to industry; more open and flexible labour markets and a broader talent localisation...

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