Tech Monitor

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Toshiba executes long-distance quantum key distribution using commercial fibre

8 hours ago | techmonitor.ai | Swagath Bandhakavi

Toshiba Europe has successfully sent messages using quantum key distribution (QKD) across a commercial fibre network, in what the company claims is the first time such complex data has been sent in such a setting using the technique. The trial in Germany, which witnessed the firm send data across a distance of 254km, marks a key validation of QKD over standard telecommunications infrastructure.
SK hynix earnings surge on AI chips, sees limited tariff impact

14 hours ago | techmonitor.ai | Swagath Bandhakavi

SK hynix has reported a 158% year-on-year rise in first-quarter (Q1 2025) operating profit to $5.2bn, supported by increased demand for AI memory solutions. The performance marked the company’s second-best quarterly result, driven by sales of advanced high-bandwidth memory (HBM) and DDR5 DRAM modules. Total revenue for Q1 2025 rose 42% to $12.3bn, while net profit reached $5.7bn.
Intel to cut over one fifth of global workforce amid cost pressures

1 day ago | techmonitor.ai | Swagath Bandhakavi

Intel is reportedly set to reduce its global workforce by more than one-fifth, affecting over 20,000 roles, as part of a wide-ranging cost rationalisation and organisational overhaul. According to reporting by Bloomberg News, the layoffs are scheduled to be announced this week, marking one of the largest workforce reductions in the company’s recent history. This development follows a prior job cut of around 15,000 positions in 2024.
UK digital identity bodies urge limits on GOV.UK Wallet and One Login use

1 day ago | techmonitor.ai | Swagath Bandhakavi

Three UK-based digital identity associations have asked the government to restrict the GOV.UK Wallet and One Login systems to public-sector authentication only.
87% of IT leaders see AI agents as key to competitive advantage

2 days ago | techmonitor.ai | Swagath Bandhakavi

An overwhelming majority of IT leaders, at 87%, consider investment in AI agents essential for maintaining competitiveness, according to a survey conducted by Cloudera. The poll, which included responses from 1,484 IT leaders spread over 14 countries, underscores the increasing popularity of agentic AI. Findings from the survey reveal that 96% of respondents plan to expand their use of AI agents within the next year.
Von der Leyen reinforces EU stance on implementing digital rulebook

2 days ago | techmonitor.ai | Swagath Bandhakavi

The European Union (EU) will not refrain from enforcing its digital regulations on major technology companies, the president of the European Commission (EC) has warned. In an interview with Politico, Ursula von der Leyen stressed the EU’s commitment to uniformly applying its digital rulebook on platforms like X, TikTok, Meta and Apple.
Credential theft outpaces ransomware as cyber threat landscape evolves, report claims

3 days ago | techmonitor.ai | Swagath Bandhakavi

Cybercriminals are increasingly employing stealthier tactics, as identified in the IBM X-Force 2025 Threat Intelligence Index. Compiled from insights derived from monitoring over 150 billion security events daily across more than 130 countries, the report reveals an 84% increase in the use of infostealers delivered via email in 2024 compared to the previous year.
Atos Q1 2025 revenue falls 15.9% amid UK contract challenges

3 days ago | techmonitor.ai | Swagath Bandhakavi

Atos announced a decline in its first-quarter revenue for 2025 (Q1 2025), attributing the drop to reduced business process outsourcing activities and contract completions in the UK. The French IT services company’s revenue decreased by 15.9% to €2.07bn compared to the same quarter last year. Despite the revenue drop, Atos reported an increase in client orders, with order entries rising to €1.7bn by 31 March 2025, up from €1.6bn a year earlier.
AI companies secure at least $52bn in global VC funding during Q1 2025

1 week ago | techmonitor.ai | Swagath Bandhakavi

AI companies raised at least $52bn out of the $126.3bn in global venture capital (VC) deployed during Q1 2025, according to KPMG Private Enterprise’s Venture Pulse Q1 2025 report. The surge was led by OpenAI’s record-breaking $40bn transaction, the largest VC funding deal ever recorded. AI-focused companies dominated eight of the 10 largest global venture deals during the quarter, with Anthropic securing $3.5bn across two closings, Infinite Reality raising $3bn, and Groq adding $1.5bn.
OpenAI expands ChatGPT capabilities with launch of o3 and o4-mini models

1 week ago | techmonitor.ai | Swagath Bandhakavi

OpenAI has released two new AI models, o3 and o4-mini, as part of its o-series architecture. The launch expands the reasoning capabilities of ChatGPT across a range of user tiers and developer access points. The models are designed to perform complex tasks involving text, code, data, and image interpretation by autonomously selecting and applying integrated tools.