Capita warns of £20m hit from cyber attack May 10, 2023 A cyber attack against outsourcing firm Capita which saw personal information leaked onto the dark web is likely to cost £15-20m to resolve, the firm revealed this morning.
Can regulators get the City growing? It will be hard to tell, lawyers warn May 10, 2023 The government may run into trouble as it looks to gauge the impact of City regulators in boosting the growth and international standing of the UK’s financial sector, top lawyers have warned.
Virgin Galactic shares take-off after astronaut test flight announcement May 9, 2023 Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares in Virgin Galactic jumped four per cent after the company said the May mission would be the final test of the spaceflight system [...]
London tech grandee lined up to lead embattled WANdisco’s recovery effort May 9, 2023 The beleaguered data firm WANdisco is set to appoint the businessman Stephen Kelly as interim chief executive, it announced on Tuesday. Kelly previously served as chief executive of the software companies, Chordiant, MicroFocus and most recently FTSE100 constituent, Sage, until 2018. “I am a firm believer in the potential of WANdisco’s technology to become a [...]
FCA continues crypto ATM crackdown and warns of further action again ‘illegal’ sites May 5, 2023 The Financial Conduct Authority (FCA) said it had inspected sites in Exeter, Nottingham and Sheffield suspected of hosting illegally operated crypto ATMs, as part of a continued crackdown on the illegal sector. The city watchdog said the inspections were part of a joint operation with the South West Regional Organised Crime Unit, Yorkshire and Humber [...]
Apple posts rare revenue drop but $90bn share buyback goes ahead May 5, 2023 Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results were better than Wall Street’s muted expectations and Apple’s stock inched higher in after-hours trading. The latest numbers come after the company in February [...]
UK antitrust agency probes AI market as calls for regulation grow louder May 4, 2023 The UK's competition regulator has launched a review into the advancement of artificial intelligence, it confirmed today, amid growing concerns over its unchecked power to potentially overhaul the jobs market and spread misinformation.
WANdisco set to slash headcount by 30 per cent as fraud fall out continues May 4, 2023 Beleaguered data firm WANdisco said it will slash its headcount by nearly a third today as it scrambles to steady the ship amid an accounting scandal and fraud probe.
Getting a piece of the Pi: Google DeepMind and LinkedIn cofounders launch AI chatbot May 3, 2023 An artificial intelligence startup founded by the cofounders of LinkedIn and Google DeepMind has launched a new chatbot. The company, Inflection AI, said the chatbot, named Pi, uses AI technology developed in house to hold conversations with users, give feedback and work through “tricky decisions.” “We think of Pi as a digital companion on hand [...]
Dyson pours £100m into new Bristol tech centre as part of £2.75bn investment plan May 3, 2023 Dyson is pouring £100 million into a new technology centre in the UK, in addition to a new site in the Philippines and factory in Singapore, as part of its £2.75bn five-year investment plan. Dyson, which makes vacuum cleaners, fans and hair appliances, said today the new Bristol centre would be home to hundreds of [...]