Applied Graphene stock sliced in half as it warns investors it may run out of cash November 8, 2022 Materials firm Applied Graphene has halved in stock value after warning investors that it could run out of cash in the new year after a failed equity raise. Investors were less than impressed as bosses failed to rally investors for a previously announced equity raise of up to $10m (£8.7m), citing “unfavourable conditions in small-cap [...]
NHS plans to use Palantir data collection software could face legal challenges, campaigners say November 7, 2022 NHS plans to collect patient data using software developed by controversial US tech firm Palantir could be challenged in court. Campaigners have said they are considering filing a judicial review to challenge the plans, which would see NHS patient data processed using Palantir’s Foundry analytics platform. The threat of legal action comes after the UK government cancelled a [...]
Britishvolt: We did not enter the EV battery market ‘in a race to the bottom’ November 7, 2022 Beleaguered battery darling Britishvolt has said that comparing the price points for Chinese and British electric vehicle (EV) batteries is like “comparing apples with pears and not a fair reflection”. The firm responded to claims made by an unnamed potential customer, quoted in The Telegraph yesterday, that its lithium-ion batteries were up to a third [...]
Facebook owner Meta gears up for mass job cuts November 7, 2022 Things seem to go from bad to worse for Meta, with the Facebook owner gearing up to announce mass layoffs this week. Sources told the Wall Street Journal that thousands of jobs are set to be culled, as the firm fends off the wider tech sell-off and slowing advertising spend. Meta declined to comment on [...]
Investors bail on GSK following second late-stage disappointment in just weeks November 7, 2022 Investors have bailed out of GlaxoSmithKline (GSK) after the British pharmaceutical booked its second late-trial pipeline disappointment in just a few weeks. GSK’s stock price plunged more than four per cent to £13.48 per share by mid-afternoon. The firm announced this morning that its blood cancer drug Blenrep was no more effective than existing treatments. [...]
Tech troubles: Apple iPhone 14 shipments hit by Chinese Covid-19 curbs November 7, 2022 There will be fewer iPhone 14’s under Christmas trees this year after Apple forecast smaller shipments of its latest offering. Apple supplier Foxconn issued a significant production cut as it battled against a Covid-19 outbreak at one of its large facilities in China in mid-October and tough local pandemic restrictions. The Zhengzhou plant – one [...]
The Hydrogen Revolution Starts Now November 7, 2022 | Sponsored Back in 2007, Jeremy Clarkson predicted that whoever leads the way when it comes to embracing hydrogen technology will be the richest person on Earth. While this was a prediction about the fuel’s applicability in automobile market, 15 years on, detailed in a report released today, his prediction now has the most potential in the [...]
Duolingo chief backs London tech scene and World Cup language boom November 7, 2022 The man behind Duolingo says he backs London as a thriving tech hub, despite concerns about digital talent gaps. Speaking with City A.M., chief executive Luis von Ahn praised the UK’s artificial intelligence capabilities, as well as its “really good universities,” explaining that the US firm was looking to grow its four-person team in the [...]
Weekend exclusive: Slack can’t be blamed for ‘quiet quitting’ says VP November 6, 2022 Tech could be a solution rather than a driver of the ‘quiet quitting’ phenomenon, says Slack vice president Pip White. Working at one of the biggest winners of the pandemic, White is understandably reluctant to admit that the remote working tool contributed to one of the most talked about working trends of 2022. A recent [...]
Twitter lay-offs begin as Elon Musk warns of ‘massive drop’ in revenues November 5, 2022 Elon Musk has begun laying off thousands of Twitter workers after warning the social media company is losing more than $4m a day due to a “massive drop” in advertising revenues. The tech billionaire began pushing forwards with plans to lay off around half of Twitter’s 7,500 staff, just more than a week after completing [...]