Siemens loses £512m as it gears up for full Russian exit after 170 years May 12, 2022 Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years.
Generation AI: Breakthrough for automation as robot ‘chef’ in Cambridge can taste food at different stages of the chewing process May 11, 2022 A robot “chef” has been trained to taste food at different stages of the chewing process to check if it is salty enough, imitating a similar process in humans. The University of Cambridge researchers suggest their results could be useful in the development of automated or semi-automated food preparation by helping robots to learn what [...]
When the music stops: Apple pulls plug on iPod after two decades May 11, 2022 Apple announced that it would be pulling the plug on the iPod after more than 20 years.
Not all fun and games for Sony and Nintendo amid supply woes May 10, 2022 Gaming giants Sony and Nintendo warned of ongoing supply chain issues this afternoon as the lockdown headache continues for tech firms. Whilst Playstation maker Sony said it plans to sell 18 million PS5 consoles this year, the Japanese firm warned that the situation in China may impact this figure. However, earnings for its gaming and [...]
Tiger Global nursing $17bn losses after global tech rout May 10, 2022 Prolific tech investor Tiger Global is nursing losses of $17bn this year after a rout in global tech stocks, fresh data has revealed.
UK fails to define clear data reform strategy despite claiming EU complexity departure May 10, 2022 In an attempt to cut European Union red tape once and for all, the government are pushing forward with its Data Reform Bill.
Surveillance tech firm Clearview AI agrees to block businesses from using facial recognition database May 10, 2022 Facial recognition startup Clearview AI has agreed to limit customers from using its database of billions of facial images scraped from social media platforms including Facebook and Linkedin. The New York software developer agreed to block the bulk of all commercial customers from using its database, in order to settle a lawsuit brought forward by [...]
Tinder owner sues Google in bid to avoid 30 per cent in-app purchase fees May 10, 2022 Dating app conglomerate Match Group has sued Google in a bid to block it from charging hundreds of millions in fees on purchases made through the Google Play Store. The Tinder owner said it had filed its lawsuit as a “last resort” in its bid to block Google from charging a 15 per cent “tax” [...]
China raises alarm over military capabilities of Elon Musk’s Starlink May 10, 2022 The official newspaper for China's military has taken aim at Elon Musk's Starlink satellites over concerns about their military capabilities.
Sony doubles profits amid gaming boom May 10, 2022 Sony doubled its operating profit in the fourth quarter to 138.6bn yen (£862m) after sales were boosted across its gaming business.