NS&I’s £1.3B Tech Disaster Now May Ditch Old Systems
A UK state savings bank is in a massive IT crisis. Its transformation program is wildly over budget and behind schedule, forcing a desperate rethink that could mean abandoning old systems.
A UK state savings bank is in a massive IT crisis. Its transformation program is wildly over budget and behind schedule, forcing a desperate rethink that could mean abandoning old systems.
Nubank, the massive Latin American digital bank, has won conditional approval for a U.S. national bank charter. The move is a major step in its global expansion, with plans to launch deposit accounts and credit cards stateside.
Microsoft CEO Satya Nadella announced Windows 11 has surpassed 1 billion users, reaching the milestone slightly faster than Windows 10. However, the OS is plagued by a negative reputation and ongoing reliability problems, with Microsoft now pledging to urgently address them. Hundreds of millions of
Microsoft’s CFO Amy Hood forecasts a significant drop in revenue for its More Personal Computing segment, which includes Surface devices. The decline is attributed to RAM supply constraints and the end of the Windows 10 upgrade surge.
France is taking a drastic step to protect kids online. A new bill, passed by the National Assembly, would ban social media access for children under 15 and prohibit mobile phones in high schools. It now heads to the Senate.
Elon Musk’s SpaceX and artificial intelligence company xAI are reportedly in talks to merge. This would follow xAI’s $33 billion acquisition of the social platform X last year. The potential deal raises big questions about the future structure of Musk’s sprawling business interests.
Marquis, a Texas-based fintech firm, says a hack at SonicWall led directly to its own data breach. The company is now considering legal action to recoup costs from the cybersecurity provider.
Enterprise AI use is up 50%, but daily workflow adoption is stuck below 60%. The next phase isn’t about access to intelligence, but about turning it into smarter, faster decisions in factories and supply chains.