New data centre planned for London amid ‘significant lack of power’ June 7, 2024 The demand for data centres is rapidly rising. AI training and large language models, such as ChatGPT and Gemini, require enormous amounts of power.
British tech giant Mike Lynch acquitted after 12-year legal battle June 7, 2024 Lynch was initially charged with 16 counts, including wire fraud and conspiracy but one charge of securities fraud was dropped during the trial.
Amazon hit with ‘biggest ever’ UK class action in £1bn legal case June 6, 2024 The 'biggest ever' class action will be filed to a London Tribunal against Amazon over allegation it has illegally misused data and manipulated its Buy Box
Mission Group rejects raised £32m bid from owner of Steven Bartlett-founded Social Chain June 6, 2024 London-listed Mission Group has rebuffed a raised takeover bid by rival digital marketing agency Brave Bison that valued the firm at £32.3m.
Microsoft: weak cyber defences set to hit economic growth June 5, 2024 Microsoft and many others have said that organisations need to "fight fire with fire" and use AI to bolster their defences.
Google faces £14bn UK class action after Tribunal greenlights claim June 5, 2024 A London Tribunal has given the green light to a £14bn class action against Google, which alleges the tech giant abused its dominance in the digital advertising market.
Google Gemini AI app launches in UK as chatbots crash globally June 5, 2024 It is another stride forwards for Google in the race against other tech giants for AI dominance.
Tiktok: Chinese-owned app hit with cyber attack as CNN, Paris Hilton and Sony targeted June 5, 2024 Despite its popularity amongst American teens, Tiktok must sell to a non-Chinese entity by January 2025, amid national security concerns.
Angle: Pharma firm’s share price plunges after missing market forecasts June 5, 2024 Angle also today announced a plan to raise about £8.5m through a combination of new share placements and subscriptions.
London data firm Preqin exploring sale at £1bn-plus valuation June 5, 2024 Financial data group Preqin is reportedly exploring a sale that could value the firm in excess of £1bn in the latest sign of consolidation in the sector.