Amazon shares plunge after tech giant misses earnings Tech Amazon missed expectations for its cloud computing arm, raising concerns about the tech leader’s investment in artificial intelligence (AI). On Thursday, the tech behemoth told the market that its cloud division, Amazon Web Services, reported a fourth-quarter revenue of $28.7bn (£23.1bn), slightly below Wall Street forecasts of $28.84bn. The miss disappointed investors, who were already [...]
UK’s audit chief ‘open to learning’ from Elon Musk’s DOGE in US Politics The head of the government’s spending watchdog has said he is open to learning from Elon Musk’s US “department of government efficiency”, or DOGE. Gareth Davies, the UK’s chief auditor, gave his annual speech to Parliament on Tuesday, warning that money was being “wasted” and public services “compromised” as he stressed that there was a [...]
Google parent firm Alphabet drops pledge on using AI tech for weapons and surveillance Tech Google’s parent company Alphabet has removed its commitment to avoiding artificial intelligence (AI) applications for weapons and surveillance from its ethical guidelines. The tech behemoth stressed the importance of collaboration between businesses and democratic governments to develop AI that “protects people, promotes global growth, and supports national security.” The revised guidelines were announced in a [...]
Yes, AI will wipe out some jobs. But this is the story of progress February 5, 2025 AI will inevitably make some jobs redundant, but the benefits to society are far worth it, writes Paul Ormerod.
Is the government finally seeing sense on net zero? February 5, 2025 The government has realised that planes will still take off, even in a lower carbon future, so they may as well do it from Heathrow. They should apply the same logic to fossil fuels and allow drilling in the North Sea, says Will Cooling The New Year has clearly brought with it new energy from [...]
WFH: A third of workers would look for a new job if forced into the office full time February 4, 2025 Nearly a third of adults say they would look for a new job if their boss banned working from home (WFH) and made them come into the office full time, fresh research has found. According to an exclusive poll for City AM, 58 per cent of employed respondents said that if they were faced with [...]
UK risks being ‘incubator economy’ with tech firms moving abroad, Lords warn February 3, 2025 The UK is at risk of becoming an “incubator economy” with tech firms moving abroad, if action is not taken to support companies to scale up, a group of Lords has warned. Britain must do a better job supporting UK-based artificial intelligence (AI) and creative technology start-ups to grow into global competitors, the House of [...]
Sky News has set off on a premium-first direction. Will it work? February 3, 2025 As a phalanx of well-tailored media executives sipped on lukewarm white wine and flicked slivers of smoked salmon onto their plates, David Rhodes set out his philosophy for running one of the largest news organisations in the world. “You have to believe that the basic journalistic activity that you’re doing has value,” the Sky News [...]
New Online Bookmakers UK – Top New Betting Sites for February January 31, 2025 The best new bookmakers will have top software, a well-designed website, a generous welcome offer, a range of betting markets, and gamification features, among other things, so what are the best ones currently available? City AM is here to help. In this article, readers can find all the best new online bookmakers in the UK, [...]
Apple reports strong revenue despite iPhone sales decline January 31, 2025 While Apple’s iPhone sales dropped last quarter, the tech giant’s services division more than made up for the decline. The company, which reported results after the market closed on Thursday, said sales grew 3.9 per cent year over year to $124.3bn (£100bn) inline with Wall Street expectations. Net income rose 7.1 per cent to $36.3bn, [...]