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Microsoft invests €3.2 billion in AI and the cloud in Germany

CIO Business Intelligence

billion in Germany by the end of 2025 to double the artificial intelligence and cloud capacities of its data centers there. Smith also sees Germany in second place in Europe for the development of AI-based applications, an assessment he bases on code contributions on GitHub, Microsoft’s source code repository. Microsoft will invest €3.2

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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

This piece of legislation in the European Union (EU) requires companies to be compliant by January 2025, meaning businesses have just under one year to ensure they’re prepared. The ultimate goal here being to develop an approach that fosters a standardized structure of technological development.

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Inflation Is Making Cybersecurity Even More Challenging for Leaders

SecureWorld News

The cost of security tools and services is rising, and organizations may not have the budget to keep up. Andrew Smeaton, CISO at Afiniti, says reassessment of cybersecurity programs and plans is necessary. However, job seekers often face challenges in interviews where job requirements appear overwhelming due to tight security budgets.

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Seattle councilmember targets ‘top 1%’ with capital gains tax proposal mimicking new state law

GeekWire

The revenue will go toward school construction and other education programs. Seattle councilmember Teresa Mosqueda, the city council’s budget chair, and Mayor Bruce Harrell told KUOW in April that they were evaluating a potential local capital gains tax. The first year of tax collections would be 2025.

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Top 10 business needs driving IT spending today

CIO Business Intelligence

Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost. This comes after years of transformational initiatives being cited as the top reason driving budget increases. Top 10 business needs driving IT spend.

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Uncommon Thinkers: MagniX CTO Riona Armesmith geeks out over electric aviation

GeekWire

Armesmith was leaving one of the world’s best-known manufacturing companies, Rolls-Royce, where she was head of programs for aviation futures. where scores of employees design, develop and manufacture electric powertrains. “I led that program for three and a half, four years.

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Biden Signs Infrastructure Bill with $1.9B Support for Cybersecurity Efforts

SecureWorld News

Cyber Response and Recovery Act of 2021 : The budget grants $100 million over five years to respond to cyber incidents, according to language in the bill. State and Local Cybersecurity Grant Program (Sec. 70612): $1 billion will be distributed between 2022 and 2025 to pay salaries, administrative costs, and other expenses.