Genocide lawsuit: Meta defends itself as Rohingya people sue for £150bn December 7, 2021 Meta, the parent company of Facebook, has defended the actions it took to prevent hate speech against Rohingya muslims during the Myanmar genocide. Rohingya muslims are claiming £150bn in compensation from Facebook over its failure to crack down on groups inciting violence against the religious minority and algorithms which amplified and promoted hate speech. Yesterday, [...]
Apple to become the world’s first $3tn company following reports of China secret deal December 7, 2021 Apple could become the world’s first company to reach $3tn, following reports of a $275bn deal struck with China. At today’s market opening, the company’s shares went up to $169.06, peaking at $171.05 – a 3.5 per cent increase compared with yesterday’s closing price of $165.29. Apple’s valuation consequently increased to $2.80tn, putting it in [...]
Musk calls for the US government to scrap EV subsidies December 7, 2021 Celebrity entrepreneur Elon Musk has called out a proposed $2tn (£1.5tn) spending package to support electric vehicles as unnecessary.
US tech firms dominate web searches reaching more than 40m monthly hits each December 7, 2021 Alphabet's Google, Facebook, Amazon and Microsoft are the only website publishers to reach more than 40m people in the UK each month, according to Ipsos Iris data.
UK tech vacancies easier to fill than any other European country December 7, 2021 New analysis by the world’s largest job site Indeed has shown that the number of UK tech sector vacancies posted on the platform doubled (up by 101 per cent) between October 2020 and October 2021.
Rohingya sue Facebook for £150bn over its role in Myanmar genocide December 6, 2021 Rohingya victims of Myanmar's genocide in the UK and US are launching legal action against Facebook over its negligence towards hate speech.
Biotech BenevolentAI to make £1.3bn market debut in Europe’s biggest Spac deal December 6, 2021 British biotech BenevolentAI has today agreed to go public at a €1.5 billion (£1.3bn) valuation in Amsterdam via Europe’s largest-ever merger via a special acquisition company (Spac). BenevolentAI’s deal with Odyssey, a blank cheque company founded by dealmaker brothers Michael and Yoel Zaoui, will allow it to raise €390 million (£332 million) ahead of its [...]
Tech giants Alphabet, Meta and Amazon control half of ads outside China December 6, 2021 New data has revealed just how heavily Alphabet's Google, Meta and Amazon dominate advertising.
Aerospace Institute unveils liquid-hydrogen aircraft concept December 6, 2021 The UK Aerospace Technology Institute (ATI) unveiled today the concept for a liquid-hydrogen aircraft able to fly non-stop from London to San Francisco. Funded by the government and led by ATI, the FlyZero project received a £15m investment, Bloomberg reported. “These designs could define the future of aerospace and aviation. By working with industry, we [...]
EV patents rise as net zero deadline drives fossil fuels down December 6, 2021 The number of electric vehicle (EV) patents has gone up all across the world, while fossil fuel ones have registered a rapid decrease in the last five years – a sign that manufacturers are taking seriously the decision made by governments to phase out the sale of new fossil fuel cars from 2030. Data from [...]