BT boss says Huawei ban cost firm £500m Telecoms BT's chief security and networks officer Howard Watson said today that the UK's Huawei ban has cost the telecoms giant £500m.
Pearson chief retires as publisher turns new tech page Technology Omar Abbosh joins Pearson as new chief executive as Andy Bird, who has led the company for three years, hands in his retirement notice.
Jeremy Hunt to woo US tech firms on west coast tour technology Jeremy Hunt will meet with technology and creative firms on the west coast of the United States as part of efforts to make Britain the “next Silicon Valley”. The Chancellor will hold talks with tech giants including Microsoft, Amazon and Alphabet in Los Angeles, San Francisco and Seattle as he seeks to boost investment in [...]
Musk says paywall could rid X of bots but will it work? September 19, 2023 Elon Musk has hinted at the possibility of building a paywall for all users of X, formerly known as Twitter, in order to combat “vast armies of bots” clogging up the social media platform. During a live stream on X with Israel’s Prime Minister Benjamin Netanyahu, billionaire Musk said the only way to stop the [...]
Right-wing think tank claims digital markets bill is a ‘recipe for disaster’ September 19, 2023 Proposed legislation to regulate digital markets is a “recipe for disaster” and risks spooking tech companies by handing Britain’s competition watchdog unbridled power, according to a new paper by the Institute of Economic Affairs (IEA). The right-wing think tank has today published a paper which warns the Digital Markets, Competition and Consumers bill (DMCC) will [...]
New AI principles hint at pro-innovation future of UK regulation September 19, 2023 Britain’s competition watchdog has set out guidelines to steer the development of artificial intelligence (AI), which lawyers suggest could be a blueprint for a pro-innovation future of AI regulation. The Competition and Markets Authority (CMA) has proposed seven principles to guide the use and development of the foundation models that underpin AI giants like OpenAI’s [...]
Cambridge chip designer Riverlane aims to be the next Arm with quantum game-changer September 18, 2023 A Cambridge start-up aiming to rival chip designer Arm said it has made a significant breakthrough that could accelerate the development of quantum computers. Riverlane, which was spun out from Cambridge University and is valued at £150m, has created a “quantum decoder chip”, which it claims can fix high error rates — a problem that [...]
AI will grab jobs from people working from home first, warn Oxford professors September 18, 2023 Artificial intelligence (AI) is more likely to replace the jobs of people working from home, a study by two Oxford professors has warned. Work that can be done remotely is the most susceptible to automation, Oxford University AI academics Carl-Benedikt Frey and Michael Osborne have suggested in a draft paper. And AI is less likely [...]
Proton boss: UK banks won’t function if encryption disappears September 17, 2023 The issue of encryption has become a pressing conundrum for both tech companies and lawmakers involved in the UK’s Online Safety Bill in recent months. Now at least they agree that there is currently no viable technology to access messages without compromising user privacy. Encryption is a crucial way of turning messages into an unreadable [...]
Arm IPO pockets advisers $84m in bumper payday September 17, 2023 The float of British chipmaker Arm pocketed its advisors $84m worth of fees in the biggest payout bonanza in nearly five years, according to new analysis.