New & Notable


FTC bans noncompete agreements in split vote

Now that the FTC has issued its final rule banning noncompete clauses, it's likely to face a bevy of legal challenges.


Ally's generative AI strategy eyes multiple LLMs, AI agents

The digital bank plans to privately host multiple LLMs on its GenAI platform, explore autonomous agent technology and evaluate employee ideas for use cases.


States act on privacy laws as Congress considers new bill

The American Privacy Rights Act introduced this week aims to establish a national privacy standard that would preempt state privacy laws.


CHIPS and Science Act funds TSMC, Intel projects

The Biden administration has awarded billions through the CHIPS and Science Act to five companies to invest in building and expanding chip facilities in the U.S.

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CIO Basics

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    IT budget

    IT budget is the amount of money spent on an organization's information technology systems and services. It includes compensation for IT professionals and expenses related to the construction and maintenance of enterprise-wide systems and services.

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    project scope

    Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.

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    core competencies

    For any organization, its core competencies refer to the capabilities, knowledge, skills and resources that constitute its 'defining strengths.'

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