The U.K. is the 25th most technically proficient country in Europe, with Switzerland, Germany and the Netherlands taking the top three places.

Direct revenue loss is the biggest drain from downtime, but other hidden costs include diminished shareholder value, stagnant productivity and reputational damage.

This spells trouble for rural businesses that have already been hurt by the turn off of 3G networks.

The authors of the report also say that attendees will “almost certainly” be targeted with Olympics-related phishing schemes.

The AI Office will be responsible for enforcing the rules of the AI Act, ensuring its implementation across Member States, funding AI and robotics innovation and more.

Notably absent from the group is NVIDIA, which has its own equivalent technology that it may not wish to share with its closest rivals.

The malware exploits Windows BitLocker to encrypt corporate files.

TechRepublic identified the top five emerging cloud technology trends that businesses in the U.K. should be aware of this year.

The EU AI Hub, launched by AI security firm Cranium with KPMG and Microsoft, provides businesses with the tools and expertise they need to ensure their AI offerings are compliant with new regulations.

Major breakthroughs were made in global nations’ AI safety commitments, AI safety institutes, research grants and AI risk thresholds at this month’s AI Seoul Summit.