Apple fails to have £785m English class action thrown out of court April 12, 2024 Last July, there was a class action brought on behalf of UK app developers against Apple, alleging that the company’s App Store holds an unfair monopoly.
UK and Korea prepare for second AI safety summit in Seoul April 12, 2024 The UK and the Republic of Korea are gearing up for the second Artificial Intelligence (AI) Safety Summit, set to be held in Seoul on 21 and 22 May.
Competition watchdog issues warning on AI foundation models like ChatGPT April 12, 2024 The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.
Amazon ‘actively’ looking to invest in multiple UK startups with £800m fund April 11, 2024 Amazon is exploring funding opportunities with a number of tech startups based in the UK via its $1bn (£800m) industrial innovation fund.
Darktrace rises on revenue growth and improved forecast April 11, 2024 Darktrace added 170 customers in the third quarter, with almost 1,000 added since March 2023, taking its client base to a total of 9,402.
Amazon opens £600m robot lab to speed up deliveries and improve efficiency April 11, 2024 Amazon has been busy developing a fleet of robots such as the Universal Robotic Labeller (URL) to help its staffers sort and pack products.
Mike Lynch loses Darktrace board seat amid lawsuit controversy April 10, 2024 An analysis of the Darktrace shareholder register reveals that the Invoke’s holding has fallen below the level needed to appoint a director.
Nationwide turns to AI after adverts starring Dominic West banned April 10, 2024 Nationwide has turned to AI in a bid to avoid any further entanglements with a UK watchdog after its adverts starring Dominic West were banned for being misleading.
M&C Saatchi has “much more to do” ahead of new CEO arrival April 10, 2024 Advertising agency M&C Saatchi said profit fell during the 12 months of last year, as client marketing budgets were squeezed amid the cost of living crisis.
IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales April 10, 2024 British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.