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Tech

  • WPP downgrades outlook as buyout rumours swirl

    October 26, 2023

    WPP chief executive Mark Read believes the firm's "top-line performance in Q3 was below our expectations" and was "impacted by the cautious spending trends".

  • CMA pushes Adobe’s Figma deal probe deadline back eight weeks

    October 25, 2023

    Britain's competition regulator has announced an extension of eight weeks for its ongoing investigation into Adobe's $20bn (£16.5bn) acquisition of cloud-based design platform Figma.

  • Snap: Israel-Hamas war plunges ad spend into doubt

    October 25, 2023

    The ongoing conflict between Israel and Hamas has led to a halt in "a large number" of Snap's advertising campaigns.

  • Microsoft’s AI gambit shines but Google fumbles with cloud business

    October 25, 2023

    Largely thanks to strong growth in its cloud computing division, Microsoft reported first-quarterly revenue of £46.4bn.

  • UK digital ad spend continues to see ‘extremely strong growth’, despite economic uncertainty

    October 25, 2023

    A total of five per cent year-on-year growth was reported in the UK's digital advertising market — despite ongoing economic uncertainty.

  • Almost 80 per cent of European financial services brace themselves for Generative AI impact

    October 25, 2023

    Many firms still lack plans to train their workforce to adapt to Generative AI, despite reports of high numbers of financial services bracing for impact.

  • Euan Blair’s Multiverse quietly shelves school-leaver mission as growing pains set in

    October 25, 2023

    Euan Blair’s educational technology firm Multiverse has quietly shelved its mission of getting school leavers into jobs in a restructuring which former employees claim has created a “cut-throat” culture of “fear” at the firm, City A.M. can reveal.

  • AI summit could happen twice a year – but techies say UK won’t claim AI crown

    October 24, 2023

    Michelle Donelan has said Britain could host its imminent Artificial Intelligence (AI) Safety Summit as often as every six months.

  • Anthropic founder calls for a ‘race to the top’ in AI safety 

    October 24, 2023

    Jared Kaplen, co-founder and chief science officer of Anthropic, warned that as AI systems grow increasingly potent and capable of acting autonomously, they could be misused by companies, governments and individuals.

  • Giffgaff hungry for more as it looks to extend portfolio and review prices

    October 24, 2023

    Giffgaff, the mobile phone network operator, is looking to extend its portfolio and review contract prices as early next year, the chief executive has revealed. 

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