Snap to close new augmented reality division after launching in March September 27, 2023 Snap announced today that it is shutting down its augmented reality services division just months after it launched.
Amazon sued by US in landmark monopoly case after four-year probe September 26, 2023 The US Federal Trade Commission filed an antitrust lawsuit against Amazon as the government pressed on with its fight to rein in Big Tech.
UK tech climbs to record £817bn value despite funding drop-off September 26, 2023 The total value of the UK’s start-up sector has climbed to its highest ever level this year despite the funding drop-off that has rocked growing technology firms, according to new figures.
OpenAI boss says AI regulation could go wrong September 25, 2023 The chief executive of OpenAI, the organisation behind ChatGPT, has voiced concerns about the challenges of regulating artificial intelligence (AI). During a visit to Taiwan, Sam Altman, who leads the startup backed by Microsoft, expressed that while he is not overly worried about government over-regulation, it remains a possibility. He said: “It is possible to [...]
Amazon to invest up to $4bn in Anthropic to boost its AI offering September 25, 2023 Amazon will invest up to $4bn (£3.3bn) in rising artificial intelligence (AI) startup Anthropic, the tech giant said today.
London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
There is a risk humans could lose control of AI machines, says deputy PM September 23, 2023 The UK’s summit on artificial intelligence will look at protecting “humanity’s future” by countering the risk of “losing control of the machines”, the Deputy Prime Minister has told world leaders. In a speech setting out the opportunities and dangers of AI, Oliver Dowden told the United Nations’ General Assembly that the daily rate of progress [...]
BT boss says Huawei ban cost firm £500m September 20, 2023 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 September 20, 2023 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 September 19, 2023 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 [...]