Musk should quit as Twitter head according to poll he ‘will abide by’ December 19, 2022 Elon Musk may quit as the head of Twitter after running a poll which he said he “will abide by”, with 57 per cent saying, go. The Tesla boss’ straw poll has already had more than 15m votes online, with almost 60 per cent pf people saying he should quit. He took to Twitter on [...]
UK appoints five new innovation experts to drive post-Brexit technology boom December 18, 2022 The UK government has appointed five, industry leading experts to make use of post-Brexit freedoms by driving innovation in cutting edge sectors that will be vital to Britain’s future growth. The five new experts will work with the government’s chief scientific advisor, Sir Patrick Vallance, to review existing rules and develop a pro-innovation, regulatory approach. [...]
Toshiba’s prospective buyer mulls reducing £13bn bid after weak earnings December 18, 2022 The prospective buyer of Toshiba is reportedly mulling the decision to lower its bid for the Japanese tech giant. Japan Industrial Partners (JIP) secured 2.2 trillion yen (£13.23bn) for Toshiba from four Japanese banks on Friday. However, local business newspaper Nikkei reported yesterday that Toshiba’s weaker than expected earnings may knock some value off the [...]
MoD awards Lockheed Martin with £129m 10-year drone contract December 16, 2022 The Ministry of Defence has awarded aerospace giant Lockheed Martin with a £129m contract to provide drones to the UK’s army. As part of the ten-year deal, the group will provide more than 250 drones with high-resolution imaging that can identify targets far from the operator. Lockheed Martin’s technology is already being used by the [...]
BT to merge global and business units into one firm with earning potential of £8.5bn December 16, 2022 BT is combining two of its units into a single business which will have a revenue of about £8.5bn a year. The telecoms giant will merge its Global and Enterprise wings into a one organisation called BT Business, focusing on B2B relations. BT Enterprise has a market share of 30 per cent, providing firms and [...]
Square Mile goes green: Landmarks including Tower Bridge to be powered from UK solar farm December 16, 2022 Square Mile landmarks including Tower Bridge, and the Barbican Centre will be powered with renewable energy from a Dorset farm, it has been revealed The initiative which also includes , Hampstead Heath, Guildhall, Smithfield Market and the Old Bailey, will harness solar power through a £40m deal signed in 2020. Energy provider Voltalia has sold its electricity produced [...]
New Harry Potter game lets players pay to kill, torture characters December 15, 2022 Hogwarts Legacy, an upcoming video game unveiled features that allow users to buy in-game access to murder and torture spells. Avalanche Studios, the game’s developers, released promotional material earlier today, introducing a pay-to-play feature of the Harry Potter spin-off. In the “battle arena” segment of the game, players will be able to try out “spells” [...]
TikTok algorithm drives teens to dangerous content says new study December 15, 2022 TikTok’s algorithms drive young people towards self-harm and eating disorder content within minutes, new research suggests. According to a study from the Centre for Countering Digital Hate (CCDH), the video-sharing app is rife with dangerous content, including restrictive diets, suicide and self harm. The campaign group found one youth account was shown suicide content within [...]
Elon Musk offloads another £2.9bn of Tesla shares sparking investors’ fury December 15, 2022 Elon Musk has offloaded a further $3.6bn (£2.9bn) worth of Tesla shares, sparking the fury of several investors. The serial entrepreneur announced late last night he relinquished 22 million of the EV giant’s shares between Monday and Wednesday. The $3.6bn sale is the second time Musk has sold part of his stake in the company [...]
Tech start-ups tell No10 they will lose £1b if rebate cuts go ahead December 15, 2022 A number of UK based start-ups have written to Prime Minister Rishi Sunak, requesting that he rethink the slashed rebates for small and medium businesses. The government’s Autumn statement has limited the tax credits available to mid level companies in a bid to increase rebates available to larger businesses. According to tech start-ups this will [...]