Tech News Hub: WEEKLY NEWS INSIGHTS
Welcome to our weekly news roundup where we highlight our week's top stories. To begin with, the UK government has not still given up on hopes of Arm getting a dual listing. According to recent reports, the government is launching a final campaign that involves a sit down between top government officials and the decision makers at Arm’s parent company Softbank. The government is positive that they can convince Softbank to float Arm shares in the New York Exchange and the London Exchange.
In our other top story, Kaseya CEO was given the chance to speak at the recently concluded Dattocon and he took the opportunity to address any doubts that involved partners might have had concerning the acquisition of Datto by Kaseya. The CEO’s main talking points was to discuss the main reason Kaseya bought Datto and to reassure partners that Datto as we know it would not be radically transformed.
In the US, president Biden confirmed the approval of $900M grant money that will go toward building about 500,000 charging stations across multiple states. This is in alignment with the government’s efforts to grow EV manufacturing in the country and reduce America’s dependence on other countries such as China. The president made the announcement while touring different states to publicise the new climate, tax and health care law that will among other things offer tax incentives to people buying electric vehicles.
In other top news, Uber suffered a cyber attack on Friday last week and although they are yet to release the details of the attack we have gathered some pretty interesting facts. To begin with, the hacker is claiming to be an 18-year-old that breached Uber’s systems because of “very poor” security.
While still on Cyber attacks. The attacks on SolarWinds and Kaseya two years ago remain fresh in the minds of business executives who claim that the attacks made them warier of similar attacks on their businesses. CloudBees did a survey on C-suite executives working in different roles and in our fifth story we look at some of their responses regarding their businesses’ readiness to counter supply chain attacks and how well they trust their supply chain.
In another top story, Google and NIST have come together to make open-source chips aimed for academic researchers and startups. The available chips are currently too expensive which limits innovation among institutions with limited budgets. NIST’s role will be to design the chip circuitry while Google will cater for the initial cost of setting up production and also subsidise the first production run.
IT consulting firm Blue Equinox announced an MSP Alliance Partner Program and Network that allows MSPs struggling to find clients access to specialised marketing, sales, application stack, staffing, and additional consulting services. The program is already making big moves having played a key part in helping Silicon valley based Cyberstreams to close a $70,000 MRR deal early this year.
We then reported on Meta, Facebook's parent company, aiming to cut its costs by at least 10% later this year, as a direct result of Zuckerberg's $71Bn stock loss in the Meta share price. Meta will cut its costs by 10% in the coming months by reducing staff levels and reshuffling departments,, but it is hoping to re-employ staff into other departments. Of the major tech stocks, Meta's share price has fallen the most.
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