Latest news with #GCP
BBC News
10 hours ago
- Business
- BBC News
Government gives final £200m to Greater Cambridge Partnership
A transport delivery body has secured its final tranche of funding from the government and will receive £200m over the next five years. The Greater Cambridge Partnership (GCP) was set up in 2014 after the government granted the area a city deal worth £ funding is for big infrastructure projects to support economic growth in and around Cambridge and has been handed down in stages over a number of years, with the first £300m already received. The organisation has passed its second gateway review, which is where the government checks its progress. The GCP is made up of Cambridge City Council, South Cambridgeshire District Council, Cambridgeshire County Council, Cambridge University and the Cambridgeshire and Peterborough Combined Authority Business its creation it has delivered projects such as the Chisholm trail, a cycle route linking the north and south of the city and overseen works to cycle routes on roads such as Milton Road and Histon Road. The group is also currently overseeing the relocation of Waterbeach train station, new busways and a new road layout at Addenbrooke's Hospital. Whilst some projects have been widely welcomed, others have received objections. These include the Cambourne to Cambridge busway, which is going to be the subject of a public inquiry in September. The gateway review was submitted in spring 2023 and was assessed by the Ministry of Housing, Communities and Local Government (MCLG). A meeting of the GCP's joint assembly on Thursday heard it had passed the review. Brian Milnes, a Liberal Democrat councillor on South Cambridgeshire District Council who is a member of the GCP's executive board, said: "[The government] have recognised the schemes and projects, which we have developed in consultation with communities, businesses and people, will meet the needs of Greater Cambridge. "Without the city deal investment, the continued growth of our area would not be possible - the Local Plan would not be delivered."He also added that the group has a mission to "complete the job" for a "joined-up transport network". This will include the introduction of autonomous vehicles. The GCP is a time-limited organisation, which is expected to disband once the city deal has been completed. It has faced calls to be scrapped, including from Paul Bristow, the current mayor of the Cambridgeshire and Peterborough Combined Authority. He argued that the funding and responsibilities should be passed on to his organisation, which was set up in 2017. Follow Cambridgeshire news on BBC Sounds, Facebook, Instagram and X.
Yahoo
a day ago
- Business
- Yahoo
SAINT-GOBAIN ENHANCES ITS DIGITAL CONSTRUCTION CHEMICALS PLATFORM WITH THE ACQUISITION OF MATURIX
PARIS, June 20, 2025 /PRNewswire/ -- Saint-Gobain announces the next step in the expansion of its digital construction chemicals platform with the acquisition of Maturix, based in Denmark, a leading provider of real-time monitoring solutions for the concrete industry. Maturix offers cutting-edge wireless sensor technology which allows remote real-time monitoring of concrete properties during the curing and hardening process, enabling contractors to optimize their operations and ease traceability requirements. This reduces the duration of the concrete construction cycle by up to 50% and improves job-site efficiency, all while improving concrete quality and ensuring a high level of structural performance. Maturix and Saint-Gobain have successfully collaborated since 2019. This acquisition enhances Saint-Gobain's digital solutions offering across the concrete and cement value chains, enabling the Group's customers to reduce overdesign and optimize operations. Saint-Gobain spearheaded the digital transformation of the concrete industry initiated by GCP with Verifi®, its market-leading digital in-transit concrete management suite, deployed across three continents (North America, Europe, and Asia-Pacific). Verifi® uses real-time monitoring to reduce waste, improve operational performance and drive cost efficiencies. Maturix perfectly complements Verifi® in optimizing concrete placement on site. The two companies are already working on a joint offering. The acquisition of Maturix demonstrates the Group's commitment to expanding its offer of integrated digital solutions for its customers. Sid Singh, CEO of Verifi®, comments: "By combining the data and digital expertise of Maturix and Verifi® with Saint-Gobain's leadership in concrete admixtures, we will unlock new use cases for the Group's customers. We will provide them with personalized recommendations to manage their operations with increased visibility and precision to reduce their costs and environmental impact." About Saint-Gobain Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group, celebrating its 360th anniversary in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A BETTER HOME". - €46.6 billion in sales in 2024 - More than 161,000 employees, locations in 80 countries - Committed to achieving net zero carbon emissions by 2050 For more information about Saint-Gobain, visit and follow us on X @saintgobain Contacts: Patricia Marie - Laure Bencheikh - Yanice Biyogo - View original content: SOURCE Saint-Gobain Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
2 days ago
- Techday NZ
Poor cloud security leaves secrets & data at risk, report finds
A new report from Tenable Research has detailed the ongoing risks facing organisations due to poor cloud security practices and widespread misconfigurations. The 2025 Cloud Security Risk Report analyses data from global cloud systems spanning October 2024 to March 2025. It highlights significant vulnerabilities related to data exposure, identity management, cloud workloads, and the use of artificial intelligence resources. The findings indicate that sensitive information and credentials remain at risk due to inconsistent security implementations across major public cloud providers. Exposure of sensitive data According to Tenable Research, 9% of publicly accessible cloud storage contains sensitive data, and 97% of this content is classified as restricted or confidential. These circumstances increase the risk of exploitation, particularly when misconfigurations or embedded secrets are also present. The report notes that cloud environments are subject to significantly heightened risk from exposed data, misconfigured access, and the insecure storage of secrets such as passwords, API keys, and other credentials. These issues are compounded by underlying vulnerabilities and inconsistent security practices across organisations using public cloud providers like Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. Secrets and workload security The assessment documented that over half of organisations (54%) store at least one secret directly within AWS Elastic Container Service (ECS) task definitions, creating a direct attack path for threat actors. On GCP Cloud Run, similar patterns were observed, with 52% of organisations found to be storing secrets within resources, and 31% on Microsoft Azure Logic Apps workflows. Furthermore, 3.5% of all AWS Elastic Compute Cloud (EC2) instances were identified as containing secrets within user data. AWS EC2's broad adoption means this level of exposure represents a substantial risk across the industry. The report points to some improvement in cloud workload security: the prevalence of the so-called "toxic cloud trilogy"-a situation in which a workload is publicly exposed, critically vulnerable, and endowed with high privilege-has decreased from 38% to 29%. However, Tenable researchers note that this combination continues to represent a significant risk for businesses. Issues in identity and access management One significant finding relates to the use of Identity Providers (IdPs). The research indicates that 83% of AWS organisations employ IdP services to manage cloud identities, which is regarded as best practice. Despite this, risks persist due to permissive default settings, excessive entitlements, and lingering standing permissions that give rise to identity-based threats. "Despite the security incidents we have witnessed over the past few years, organizations continue to leave critical cloud assets, from sensitive data to secrets, exposed through avoidable misconfigurations," said Ari Eitan, Director of Cloud Security Research, Tenable. The report suggests that attackers are often able to find entry points with relative ease, exploiting public access, extracting embedded secrets, or misusing over-privileged identities. Recommendations and risk management "The path for attackers is often simple: exploit public access, steal embedded secrets or abuse overprivileged identities. To close these gaps, security teams need full visibility across their environments and the ability to prioritize and automate remediation before threats escalate. The cloud demands continuous, proactive risk management, and not reactive patchwork," added Eitan. Tenable's analysis is based on telemetry collected from a diverse array of public cloud and enterprise environments and provides detailed insight into the cloud security challenges currently faced by businesses. The report offers practical recommendations to help security professionals reduce risks, mitigate vulnerabilities, and address gaps before they can be exploited. The findings underline the necessity for organisations to adopt unified cloud exposure management, increase visibility across their cloud assets, and take a systematic approach to automation and remediation of security risks, particularly as cloud adoption and reliance on AI-driven resources continue to rise.
Yahoo
2 days ago
- Business
- Yahoo
This Monster Artificial Intelligence (AI) Data Center Stock Is the Real Winner From Google's Deal with OpenAI (Hint: It's Not Nvidia)
Throughout the AI revolution, OpenAI has relied heavily on Microsoft's Azure cloud platform to supply compute power. In recent months, OpenAI has been seeking alternatives to Microsoft -- most recently choosing to partner with Google. Working with OpenAI is a major win for Google, but I see a data center infrastructure service provider as an even bigger winner from this deal. 10 stocks we like better than CoreWeave › While Nvidia, Palantir Technologies, and Tesla consistently find their names in headlines regarding artificial intelligence (AI), I would argue that one company that dwarfs the attention garnered by big tech is OpenAI -- the start-up that kicked off the AI revolution in the first place. Recently, OpenAI sent shockwaves around the AI landscape yet again. This time, however, it wasn't because the ChatGPT developer released another groundbreaking product aimed at its rivals. Rather, investors learned that OpenAI is teaming up with ... Alphabet. Below, I'm going to detail why the partnership between OpenAI and Alphabet is such a big deal. Moreover, I'll break down which AI data center stock I think is poised to benefit most from this deal. Let's dig in. You may recall that when OpenAI emerged a few years ago, Microsoft was fast to partner with the company. More specifically, Microsoft plowed $10 billion into OpenAI as part of a strategic investment. One of the cornerstones of this deal was integrating ChatGPT into Microsoft's cloud platform, Azure. Throughout their partnership, OpenAI's compute infrastructure for training and inferencing was primarily supported by Microsoft. With Google entering the picture, however, those dynamics have changed. OpenAI is branching out beyond Microsoft and now leveraging the Google Cloud Platform (GCP) to complement Azure for compute resources. While this is a huge win for Alphabet's cloud business -- which rivals both Azure and Amazon Web Services (AWS) -- I see an even bigger winner emerging from this partnership. While Nvidia, Advanced Micro Devices, and Broadcom have been critical sources of high-performance chipsets for data centers throughout the AI revolution, a new player is emerging as a key resource in the space. CoreWeave (NASDAQ: CRWV) provides critical infrastructure services to AI developers through a cloud-based model. Companies that may not have the time or financial resources to acquire graphics processing units (GPU) from Nvidia and its peers can essentially rent them from CoreWeave's cloud-based infrastructure. Per the graph above, the 63% increase in CoreWeave's remaining performance obligations (RPO) suggests demand for infrastructure services is strong. However, there's a bit more to those figures above. Back in March, CoreWeave signed an $11.2 billion deal with (wait for it!)... OpenAI. Following the news of OpenAI's partnership with Google Cloud, further reporting outlined that CoreWeave is playing a role in this deal, too. CoreWeave is reportedly supplying compute power to Alphabet, which the company will then resell to OpenAI as part of the new cloud deal structure. As I outlined in this piece here, infrastructure services represent the next big tailwind along the AI spectrum. While OpenAI may continue to make the headlines as it inks new deals and further migrates from an overreliance on Microsoft, investors should keep a keen eye on how CoreWeave might also emerge as a subtle winner from these partnerships. Wall Street's consensus estimates for CoreWeave suggest an incredibly bullish outlook. It's rare for a company to triple its revenue and transition to profitability in a matter of just a couple of years. Now that CoreWeave is working closely with OpenAI, I suspect the company will become increasingly scrutinized as more AI infrastructure deals come to light. For these reasons, I think there is a lot riding on CoreWeave's ability to meet or exceed the forecasts below. While CoreWeave is a rising star in the AI realm and the company's outlook is bright, smart investors will recall that the company went public just a few months ago. Broadly speaking, IPO stocks can exhibit pronounced levels of momentum as hype around the new stock rises. With a stock price gain of nearly 300% in just two months, I think CoreWeave stock is overbought right now. Although I like the company as a long-term investment, I would encourage investors to exercise some patience and wait for a pullback before piling into the stock. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Alphabet, Amazon, Microsoft, Nvidia, Palantir Technologies, and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Microsoft, Nvidia, Palantir Technologies, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. This Monster Artificial Intelligence (AI) Data Center Stock Is the Real Winner From Google's Deal with OpenAI (Hint: It's Not Nvidia) was originally published by The Motley Fool Sign in to access your portfolio
Business Upturn
2 days ago
- Business
- Business Upturn
Landis+Gyr Optimizes Total Cost of Ownership with Tessell on Google Cloud Platform as Its Digital Backbone for Smart Metering Applications
SAN JOSE, Calif., June 18, 2025 (GLOBE NEWSWIRE) — Landis+Gyr , a leading global provider of integrated energy management solutions, has successfully optimized its total cost of ownership (TCO) and scaled its operations by migrating mission-critical Oracle workloads to Google Cloud Platform (GCP) with Tessell as its digital backbone. The initiative has empowered Landis+Gyr to modernize its infrastructure, improve real-time data processing, and deliver more intelligent energy solutions to utility customers worldwide. Operating across more than 30 countries, Landis+Gyr manages millions of smart meters that help utilities optimize grid performance and improve energy efficiency. Facing a surge in global energy demand and a growing need for real-time grid intelligence, Landis+Gyr recognized the urgency to migrate from legacy, on-premises systems to a more scalable, cloud-native environment. However, the migration of complex Oracle workloads—particularly Oracle Head End System (HES) and Meter Data Management (MDM) applications—posed a significant challenge. These systems were running on a Windows-based infrastructure that incurred high licensing costs, performance bottlenecks, and limited scalability. The Tessell-GCP Advantage Partnering with Tessell, Landis+Gyr executed a cross-platform migration from Windows to Linux while transitioning to GCP's flexible, high-performance cloud infrastructure. Tessell's Database-as-a-Service (DBaaS) platform enabled seamless migration of Oracle workloads, delivering: Real-time data ingestion with sub-second latency Over 99.99% application availability 50% reduction in infrastructure costs 60% labor efficiency gains for database administrators Compliance with data residency regulations across regions 'Tessell's ability to execute complex Oracle migrations with precision allowed us to unlock significant operational and financial value,' said Martti Kontula, Head of OT & Data at Landis+Gyr. 'Our smart metering applications now run with greater agility, enabling us to deliver better insights and services to our customers while setting the foundation for long-term growth.' Proof-of-Concept Validates Business Impact Before full implementation, Tessell executed a proof-of-concept (PoC) on GCP that validated the benefits of moving to a Linux-based system. The PoC confirmed that Landis+Gyr could meet demanding performance benchmarks including real-time smart meter data ingestion, system uptime, and throughput at scale. Transformative Outcomes Increased scalability : GCP's elastic infrastructure now supports the ingestion and processing of data from millions of smart meters, ensuring responsiveness during peak load times. : GCP's elastic infrastructure now supports the ingestion and processing of data from millions of smart meters, ensuring responsiveness during peak load times. Reduced licensing and support costs : Transitioning from Windows to Linux eliminated unnecessary licensing fees and reduced maintenance overhead. : Transitioning from Windows to Linux eliminated unnecessary licensing fees and reduced maintenance overhead. Streamlined operations : Automation of patching, updates, and lifecycle management freed up internal teams to focus on high-value innovation and analytics. : Automation of patching, updates, and lifecycle management freed up internal teams to focus on high-value innovation and analytics. On-time data center exit: Landis+Gyr remains on track to fully decommission its legacy data centers, embracing a scalable cloud-first model. Landis+Gyr will continue working with Tessell to strengthen its high availability (HA) and disaster recovery (DR) capabilities, including: Multi-zone, multi-region HA architecture on GCP Automated cross-region DR with minimal data loss Industry-compliant business continuity planning 'With Tessell's robust cloud platform and GCP's global scale, Landis+Gyr is well-positioned to meet the rising demands of the energy sector while supporting its mission of creating a more sustainable and intelligent energy future,' said Bakul Banthia, Co-Founder of Tessell. For more information about Tessell and its DBaaS solutions, visit . About Tessell Tessell is a multi-cloud DBaaS platform redefining enterprise data management with its comprehensive suite of AI-powered database services. By unifying operational and analytical data within a seamless data ecosystem, Tessell enables enterprises to modernize databases, optimize cloud economics, and drive intelligent decision-making at scale. Through AI and Conversational Data Management (CoDaM), Tessell makes data more accessible, interactive, and intuitive, empowering businesses to harness their data's full potential easily. About Landis+Gyr Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided 9 million tons of CO2 in FY 2024, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2024, Landis+Gyr employs around 6,300 talented people across five continents. For more information, please visit our website . Media ContactLen FernandesFirecracker PR for Tessell [email protected]
