Klarna mulls London stock market float after post-Brexit listing revamp May 21, 2021 Klarna is weighing up a potential stock market float in London, but has said its decision will rest on changes to listing rules in the capital after Brexit. Chief executive Sebastian Siemiatkowski said London had the opportunity to strengthen its reputation as a global financial hub by attracting more fintech firms and banks. “As Brexit [...]
Tim Cook to take the stand in Apple’s Fortnite ‘monopoly’ battle May 21, 2021 Apple boss Tim Cook will take the stand today to defend his company against allegations of monopoly power as part of a high-profile legal battle with Fortnite maker Epic Games. The iPhone chief is expected to spend more than two hours fighting back against claims Apple abuses its market power through its App Store. Epic [...]
Snap launches new video editing app in bid to take in Tiktok May 20, 2021 Snap today unveiled plans for a new standalone app offering professional levels of video editing as it looks to challenge the dominance of rivals Tiktok and Instagram. The US tech firm, which owns Snapchat, said Story Studio will give social media stars powerful editing tools to make professional content for mobile. It will also introduce [...]
Your next GP might be Dr Alexa or Dr Siri May 20, 2021 | City Talk One of the ways that artificial intelligence is transforming everyday life is through combination technologies which amalgamate innovations such as machine learning, deep learning, computer vision, image processing, natural language processing, speech recognition and more into brand new applications. The most active innovator and adopter of these ‘magic’ new combinations is the global healthcare sector. [...]
UK companies to help plot ‘constellation’ of satellites around the Moon May 20, 2021 UK space companies have begun developing navigation and telecommunication capabilities to put a ‘constellation’ of satellites around the Moon, according to the European Space Agency (ESA) today. With funding from the UK Space Agency, Surrey Satellite Technology Limited (SSTL), Inmarsat and MDA Space and Robotics have bagged £2m contracts with the ESA for the satellite [...]
Climate risk start-up Cervest closes $30m funding round May 20, 2021 A tech start-up which has developed a number of tools to help firms keep track of climate risk has today closed a $30m Series A funding round. Cervest, which was founded in 2016, uses its “climate intelligence” platform to allow companies to keep track of environmental threats to their assets. Venture capital firm Draper Espirit [...]
Fintech firm Pipe secures $2bn valuation after funding round May 19, 2021 Pipe, a startup that allows companies to sell their recurring revenue streams, has secured a valuation of $2bn (£1.4bn) following a fresh funding round. The fintech firm today said it had raised a further $250m in a round led by venture capital firm Greenspring Associates. New investors such as Morgan Stanley’s investment arm Counterpoint Global, [...]
EU to demand tougher pledges from tech giants over fake news May 19, 2021 Tech giants such as Facebook and Google will be forced to make firmer pledges to crack down on misinformation on their platforms on new rules being prepared by the EU. The European Commission is planning to hold social media firms more responsible for curbing the money they make through advertising placed next to false information. [...]
Do you know your bots? May 19, 2021 | City Talk Robots are everywhere — from robotic wearables, bionic hands and arms, companion robots, medical devices and even biomorphic drones that model the behaviour of bees. The fastest and most significant new innovations are taking place right now in three subsectors of the robotics sector which focus respectively on cobots, drones and medical robots. Cobots Cobots [...]
Zoom launches events platform as it targets virtual conferences May 19, 2021 Zoom is launching a new platform dedicated to events as the video calling app looks to target the virtual conference market. Zoom Events, which will be available this summer, combines the functions of the company’s meetings, chat and video webinar services into one one place. It will allow event organisers to produce ticketed, live events [...]