Snapchat’s shares slump as chief exec warns against revenue and hiring slowdown May 24, 2022 Snapchat has warned it would be slowing its hiring process, warning investors that revenue would slow in the coming months, hitting the low-end of estimates.
Say goodbye to signs as Ford trials geofencing to set automatic speeding limits May 24, 2022 Speed limit signs could soon be a thing of the past as US car maker Ford has announced it is trialling geofencing technology to set automatic limits for its cars. Geofencing uses GPS or RFID technology to delimit a virtual geographic boundary, allowing a software to trigger a specific response when a body enters the [...]
Exclusive: Politicians jeopardise tech growth with hard-line immigration policy, top tech chief warns May 24, 2022 Open immigration is critical to the success of the UK’s tech sector but politicians are being distracted by hard-line point scoring, a top tech chief has warned.
HSBC banker’s climate comments signal end to sustainable investing free-for-all, warns ESG pioneer May 23, 2022 The controversial comments made by HSBC’s responsible investing chief signal an end to the frenzied ESG marketing free-for-all seen in recent years, an ESG pioneer warned today.
Government to face Atos in court following spat over £845m supercomputer contract May 23, 2022 The UK government is set to face IT company Atos in the UK’s High Court next month after the French firm filed a lawsuit against government over its decision to award an £845m Met Office contract to Microsoft. The French multinational is claiming its bid was wrongly excluded from the tendering process on the grounds [...]
Broadcom in talks to snap up cloud firm VMware in £39bn deal May 23, 2022 Chipmaker Broadcom is reportedly in talks to snap up cloud firm VMware for an estimated $50bn (£39.7bn).
AI specialists Pupil swoop in for UAE surveying firm ASME with renewed focus on Dubai and Abu Dhabi May 23, 2022 Data tech firm Pupil have swooped in for a leading surveying company specialising in UAE property The Artificial Intelligence (AI) pioneers, who use spatial mapping tech, sealed the deal to acquire Aus-Surv Middle East, which has completed over 600 high-rise and mixed use developments in Dubai and Abu Dhabi. Pupil, which entered the gulf state’s [...]
UK’s information watchdog tells Clearview AI to delete photos of British people from facial recognition systems May 23, 2022 The UK’s information watchdog has told surveillance tech firm Clearview AI to delete its database of facial images scraped from British people’s social media profiles. The UK’s Information Commissioner’s Office (ICO) also fined the tech firm £7.55m, after ruling the firm broke the law by taking people’s photos without their permission. The intervention comes after [...]
Whistleblower Frances Haugen: Don’t let Facebook tell us how to solve the Meta problem May 20, 2022 Facebook whistleblower Frances Haugen said governments across the world have become "dependent on Facebook telling them how to solve Facebook's problems", leading to a lack of focus on actually achieving true transparency in legislation.
Elon Musk rejects ‘wild accusations’ SpaceX paid $250,000 to flight attendant over sexual misconduct claim May 20, 2022 Elon Musk has rejected “wild accusations” his SpaceX firm paid $250K to settle a claim of alleged sexual misconduct by a former flight attendant. The Tesla owner responded to a story first reported by Business Insider, which said that a claim was made in 2018 against him, by someone who previously worked for SpaceX. The [...]