Getting a piece of the Pi: Google DeepMind and LinkedIn cofounders launch AI chatbot May 3, 2023 An artificial intelligence startup founded by the cofounders of LinkedIn and Google DeepMind has launched a new chatbot. The company, Inflection AI, said the chatbot, named Pi, uses AI technology developed in house to hold conversations with users, give feedback and work through “tricky decisions.” “We think of Pi as a digital companion on hand [...]
Coronation: £1m windfall for ceramics giant Halcyon Days as Brits buy King Charles plates and tea cups May 3, 2023 The chief executive of one of the UK’s biggest makers of luxury ceramics has said that Brits should not “underestimate” the value of the Royal Family, as it prepares to rack in a million pounds in sales from Coronation themed tea cups and plates. Pamela Harper, head of the Halcyon Days, a pre-eminent supplier of [...]
Bitcoin price pushes upwards as investors wait for latest rate hike decision May 3, 2023 Bitcoin is trading comfortably above $28k and closer to $29k this morning, while Ethereum (ETH) is trading in the green for $1,866.
Coca-Cola HBC’s revenue fizzes almost 25 per cent – but Russia exit still hurts a year on May 3, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported strong revenue growth at 22.2 per cent, but it continues to take a hit from withdrawal of its business in Russia last year. Net sales revenue were up 24.4 per cent, but the firm stated that foreign exchange movements, particularly currency devaluation in [...]
Swapping printing for press ups: Times publishing boss joins Gym Group as CEO in cost cutting bid May 3, 2023 The Gym Group has announced that seasoned business leader and publishing boss Will Orr has taken on the role of chief executive. The budget exercise chain drafted in the pricing pro to keep costs attractive amid the cost of living crisis. In his new role at the Gym Group, Orr will be leaving the world [...]
London house prices: First-time buyers need household income of nearly £100k to buy May 3, 2023 Londoners’ desire to get on the property ladder has helped fuel the housing market in the capital, despite households now needing an extra £12k in income to be able to afford their own place. Figures released by Zoopla, show that in April house price growth in London rose by 0.5 per cent, as demand and [...]
Superdry: Plans to raise equity boost share price as it attempts to trim £35m costs May 2, 2023 Embattled fashion brand Superdry is in “positive discussions” with investors for a 20 per cent equity raise as it looks to improve its balance sheet in the wake of tough trading – hiking its share price by 0.58 per cent. The news came in response to media speculation that Julian Dunkerton, chief of the company, was [...]
‘Godfather of AI’ quits Google over concerns with rapid advances in tech May 2, 2023 A British scientist dubbed the “Godfather of AI” has quit his role at Google due to concerns about the dangers of artificial intelligence (AI), such as its potentially ability to spread misinformation and overhaul the jobs market. Geoffrey Hinton — who joined Google a decade ago to build on what was then the foundation of [...]
Printworks: London has the power to bring us back, says founder May 2, 2023 Printworks, one of London’s most important cultural venues, closed yesterday. Its foundertells Adam Bloodworth his hopes for the future It’s not an exaggeration to say there is nothing like Printworks. For music fans, the venue feels Cathedral-like, with its towering ceilings, but also because of the relationship people have with the building. In the 6,000-capacity [...]
Bitcoin slips below $28,000 as investors keep a wary eye on US inflation data May 2, 2023 Bitcoin is trading a shade under $28k this morning, down 2% from yesterday as it continues to slowly drift from the key level of $30k.