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Lloyds and Nationwide to use UK finance sector LLM

Lloyds Banking Group and Nationwide Building Society are set to roll out a generative AI (GenAI) tool that has been specifically designed for the UK finance sector. The tool, known as FinLLM, was developed in the UK by Aveni alongside the two financial services companies, with both also investing money in the firm. The large language…

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Italian bank signs 10-year deal with Google Cloud

UniCredit has signed a 10-year agreement with Google Cloud to “accelerate” its digital transformation by tapping into the supplier’s cloud, artificial intelligence (AI) and data analytics capabilities. UniCredit will migrate “large sections” of its “application landscape”, including legacy systems, to Google’s Cloud platform across its banking operations in 13 countries. The bank will also use…

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ServiceNow K25: McDermott vaunts agentic AI platform as revolutionary

ServiceNow CEO Bill McDermott hailed AI as an “absolute requirement” for the survival of humanity at the supplier’s Knowledge 2025 customer and partner conference in Las Vegas. “AI is civilization’s opportunity of this century. It is a gateway to prosperity. It is the only $22tn global market opportunity between now and 2030. It’s the only…

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Financially motivated cyber crime remains biggest threat source

Financially motivated threat actors – including ransomware crews – remain the single biggest source of cyber threat in the world, accounting for 55% of active threat groups tracked during 2024, up two percentage points on 2023 and 7% on 2022, demonstrating that cyber crime really does, to a certain extent, pay. At least, this is…

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Microsoft at 50: Enterprise IT for the masses

Formed in 1975, Microsoft is currently celebrating its 50th anniversary, having powered the personal computing revolution first with MS-DOS, and then with Windows. In the 1980s, it demonstrated – thanks to the IBM Project Chess, one of the first personal computers – that business computing could be accessed by anyone and wasn’t simply a task…

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KubeCon London: Prepare for a shake-up

During a discussion at the recent KubeCon + Cloud Native Computing Foundation (CNCF) Europe 2025 event in London, panel members discussed one of the big criticisms of modern software development: why is code deployment still fraught with problems? Shifting left, where developers take on more responsibility for putting their code into production appears to have…

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Can regulatory oversight alone unlock cloud competition?

Cloud computing’s rise is a success story under scrutiny. It has been nothing short of transformative, enabling businesses to scale operations, innovate rapidly, and optimise costs. It has become an essential pillar of modern enterprise IT, supporting mission-critical workloads across industries. From finance and healthcare to artificial intelligence (AI) and retail, the cloud is now…

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CMA urged to expedite proposed ‘targeted interventions’ against AWS and Microsoft

Amazon Web Services (AWS) has hit out at the UK competition watchdog for presenting “no credible evidence” to support its claims the public cloud giant’s anti-competitive behaviour is harming how the domestic cloud infrastructure market operates. The Competition and Markets Authority’s (CMA) published the provisional findings from its multi-year antitrust investigation into the inner workings…

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Gemini AI just got a new feature ChatGPT can’t match yet

The smarter AI programs like ChatGPT and Gemini become, the more we’ll want to use them as the virtual assistants they can be. For that to happen, we’ll need the AIs to access information about us from all sorts of apps and remember details about us. We’ll also need to be able to trust companies…

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Google Cloud revenue soars as Alphabet continues to ride AI wave

Alphabet CEO Sundar Pichai has committed to continue investing in its cloud arm, as the firm’s fourth-quarter results confirmed Google Cloud’s revenue increased by 30% to $12bn in the three months to 31 December 2024. The year-on-year uptick in Google Cloud’s quarterly revenue was “led by growth” in the company’s core cloud infrastructure offerings, as…

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