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#450559

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#67504

Computers Electronics and Technology/Computers Electronics and Technology

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US firms lag behind EMEA in AI adoption for compliance

1 day ago | techmonitor.ai | Aninda Chakraborty

Financial firms in North America are more reluctant to integrate AI into their compliance workflows compared to their counterparts in Europe, the Middle East, and Africa (EMEA), new research suggests. According to Global Relay’s third annual compliance report, 56.3% of North American respondents have no plans to incorporate AI into their compliance processes in the coming year. By contrast, 71.4% of EMEA respondents plan to introduce AI in the same timeframe.
AI search ad spending in the US to hit $26bn by 2029, finds report

2 days ago | techmonitor.ai | Aninda Chakraborty

Spending on AI-driven search advertising in the US is projected to reach nearly $26bn by 2029, Reuters reported citing data from the research firm Emarketer. This marks a substantial rise from the projected expenditure of just over $1bn this year. The surge is attributed to the swift adoption of AI technology and improved user-targeting capabilities. In contrast, companies depending on traditional keyword-based search ads may see a decline in revenue as AI-powered search advertising gains traction.
HPE Q2 2025 earnings surpass projections

3 days ago | techmonitor.ai | Aninda Chakraborty

Hewlett Packard Enterprise (HPE) reported second-quarter financial results that exceeded Wall Street’s revenue and profit estimates, driven by heightened demand for AI servers and hybrid cloud solutions. Shares of the company jumped 3.2% in extended trading following the announcement, Reuters reported. In the quarter ending 30 April 2025, HPE recorded revenue of $7.6bn, marking a 6% increase in actual dollars compared to the prior-year period.
Cartier hit by data breach as cyberattacks on fashion brands surge

4 days ago | techmonitor.ai | Aninda Chakraborty

French luxury goods conglomerate Cartier has informed its customers of a data breach that has compromised personal information. The company issued notification letters to its clients detailing the breach and the nature of the information exposed after an unauthorised party gained access to its systems, BleepingComputer reported. Founded in 1847, Cartier is a prominent name in the luxury segment known for its high-end jewellery, watches, leather goods, and accessories.
Synopsys suspends China operations amid new restrictions

5 days ago | techmonitor.ai | Aninda Chakraborty

Synopsys has instructed its staff in China to cease sales and services within the country, as well as to halt accepting new orders. The US-based semiconductor design software firm took the step to adhere to recent US export restrictions, according to an internal letter seen by Reuters. The restrictions are part of a broader US directive that requires numerous companies to refrain from shipping goods to China without a licence.
Google plans to appeal against antitrust ruling on search monopoly

5 days ago | techmonitor.ai | Aninda Chakraborty

Google has announced its intention to appeal a ruling by a US court on how it operates its online search business. The trial, which began in 2023 and was launched by U.S. regulators in response to allegations that Google has maintained an illegal monopoly in online search and digital advertising markets, was originally decided on August 5 last year and has now entered its remedies phase.
Victoria’s Secret hit by cyber incident amid retail breach surge

1 week ago | techmonitor.ai | Aninda Chakraborty

Victoria’s Secret has become the latest retailer to experience a cyberattack, joining a growing list of companies affected by similar breaches in recent weeks. The incident prompted the fashion retailer to take its US website offline and suspend certain store services. According to a Bloomberg News report, Victoria’s Secret halted some office operations and instructed employees to refrain from using company technology due to a ‘security incident’.
Cloud in the UK needs to diversify, says the OCC's Nicky Stewart

1 week ago | techmonitor.ai | Scarlett Evans

Dominated by the presence of a few choice hyperscalers, the UK’s cloud market is suffering from a lack of competition and faces stagnation as a result. So says Nicky Stewart, a senior advisor with the Open Cloud Coalition (OCC), a collaborative advocacy group working to create a competitive and resilient cloud services market.
AI chip demand drives Synopsys' Q3 revenue forecast beyond expectations

1 week ago | techmonitor.ai | Swagath Bandhakavi

Synopsys has reported an optimistic revenue forecast for its third quarter of fiscal year 2025, estimating figures between $1.75bn and $1.78bn. This projection, fuelled by surging demand for its semiconductor design software amid a global increase in AI chip investments, exceeds the average analyst expectation of $1.76bn, as per data from LSEG. For the fiscal year ending 31 October 2025, the company is forecasting revenue of $6.74bn-$6.8bn.
HP revises annual earnings forecast amid tariff challenges

1 week ago | techmonitor.ai | Aninda Chakraborty

HP has adjusted its profit expectations for fiscal year 2025, citing challenges in the PC market and ongoing global economic volatility. Shares in the company dropped nearly 15% following the announcement. The US-based technology firm now anticipates non-GAAP diluted net earnings per share (EPS) to range between $3.00 and $3.30 for fiscal 2025, a decrease from its previous estimate of $3.45 to $3.75 per share.