Government committee launches inquiry to regulate AI in the UK October 20, 2022 A government Committee has launched an inquiry into artificial intelligence in a bid to regulate it as it become an increasingly appealing avenue for businesses. “AI is already transforming almost every area of research and business. It has extraordinary potential but there are concerns about how the existing regulatory system is suited to a world [...]
Nokia tech sales dragged by expired licences as it warns on consumer spending October 20, 2022 Nokia’s tech sales have continued to be dragged down by “expired licences that are in litigation” and pending renewal, the company said today. The Finnish telecoms company, which also warned of weaker spending from consumers amid a global economic downturn, reported today that sales from its technologies business has fallen nearly 20 per cent in [...]
Kudos for OnlyFans: Watchdog says smaller video platforms need to do more to protect kids October 20, 2022 New research from Ofcom has found that smaller adult video-sharing platforms need to do more to prevent children from accessing porn. In a report published today, the media regulator said it was concerned that whilst smaller companies had some age verification measures in place, they did not go far enough. One unnamed adult platform told [...]
UK will miss net zero target if it fails chips industry, says Cognizant exec October 20, 2022 The government will miss its net zero target by 2050 if it fails to prioritise its semiconductor industry, the UK boss of US tech giant Cognizant has warned. Chips, used in most of today’s electronics, are critical in the green transition – from smart metres to windfarms – but are currently in short supply worldwide [...]
‘The year of easy money is over’ for science and tech firms, says Edison director October 19, 2022 “The year of easy money is over” for listed science and technology firms, the executive director of investment research group Edison has said, six months after a global tech selloff rattled industries. Investors shed stakes in science and technology firms throughout March and April of this year, following an investment boom during the height of [...]
Amazon pushes into world of home insurance October 19, 2022 Just when you thought Amazon sold pretty everything, the tech firm announces that it has launched a new home insurance shop. The new offering will allow customers to request and review insurance quotes, select a policy, and then checkout—all on amazon.co.uk The e-commerce giant firm only has three insurers signed up so far, including Ageas [...]
Netflix picks up 2.4m subscribers ahead of advertising model roll-out October 19, 2022 Streaming giant Netflix picked up 2.4m subscribers in the last quarter, as it looks to roll out a new advertising model next month. Its revenue, income and membership exceeded expectations in the third quarter of the year, driven by major hit series sun as The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The [...]
OneWeb and Panasonic to rival Viasat-Inmarsat tie-up with in-flight wifi deal October 18, 2022 British satellite darling OneWeb has teamed up with in-flight entertainment giant Panasonic, in a partnership which could rival the looming Viasat-Inmarsat tie-up. The deal will see Panasonic Avionics, which serves over 70 airlines, sell OneWeb’s in-flight broadband services to commercial airlines worldwide by the second half of next year, cementing aviation as the latest cash [...]
Microsoft cuts more staff as Big Tech slowdown continues October 18, 2022 Microsoft continued to cull its workforce this week as the software giant feels the sting of stagnating growth, with sources telling the Business Insider that 1,000 people lost their jobs in a fresh wave of cuts. Impacted teams within the software giant included the Xbox division, the Strategic Missions team, and the office of the Chief [...]
Rocket firm Orbex pockets £40m from investors ahead of UK launch October 18, 2022 British rocket firm Orbex has pocketed £40.4m in its latest funding run, as it gathers resources in the count down to its first vertical launch from UK soil in November. The Series C funding round, led by new investor the Scottish National Investment Bank, will also help the company fund future projects. Orbex, which has production and [...]