We should embrace data and use it well – not guard against it September 15, 2020 The coronavirus pandemic holds no shortage of challenges for British business, but it has highlighted the importance of data. Combined with good judgment and expert knowledge, it gives us the insight to act with accuracy and speed. Data has identified where to send medical supplies or channel financial support to businesses. It has allowed food [...]
Tesla rival Nikola admits faked video as SEC launches fraud probe September 15, 2020 Regulators are said to be preparing to investigate fraud allegations against electric truckmaker Nikola, after the firm admitted to faking a video of its truck driving itself. The US Securities and Exchange Commission is to examine allegations against Nikola by short-seller Hindenburg Research, sources told Bloomberg. Hindenburg, which profits off Nikola’s falling share price, claimed [...]
Oracle confirms Tiktok deal as US officials step in for review September 14, 2020 Oracle has confirmed it is part of a deal to sign a partnership agreement with hit video app Tiktok, after its Chinese owner Bytedance rejected a rival takeover bid from Microsoft. Bytedance had been exploring a sale of its US business after US President Donald Trump threatened to shut down the app amid concerns about [...]
Marketing in a crisis: Top tech bosses on how to build a brand through Covid-19 September 14, 2020 While the coronavirus pandemic has wreaked havoc through all parts of the business world, there are few who have had to argue their case for survival more than chief marketing officers. As the economic downturn set in and companies scrambled to shore up their finances, marketing budgets have been slashed across the board. Official industry [...]
Google reduces entire carbon footprint to zero September 14, 2020 Google has said it has now reduced its entire carbon footprint to zero, after using “high-quality carbon offsets” to wipe out its fossil fuel legacy. The tech giant said its activities became carbon neutral in 2007, but has now completed its mission of removing its carbon footprint entirely. Chief executive Sundar Pichai, who also runs [...]
Crystal ball: Here’s what the Oracle deal could mean for Tiktok September 14, 2020 Tiktok owner Bytedance is said to have clinched a deal to offload management of the app’s US operations to software giant Oracle, after turning down a widely publicised bid from Microsoft. US President Donald Trump ordered Bytedance to separate itself from its US arm in August, giving the firm a 45-day deadline to find a [...]
Uber’s second London legal challenge gets underway September 14, 2020 Today Uber will appear in a Westminster court for a second time, appealing a previous ruling which banned it from operating in London over safety concerns. Transport for London (TfL) stripped Uber of its licence again last year, alleging a failure to protect its customers when using the service. Uber has been allowed to continue [...]
Amazon continues jobs spree with 100,000 additional roles September 14, 2020 Amazon has said it is intending to recruit another 100,000 new jobs in North America this year, marking its fourth hiring effort in 2020 alone. The e-commerce giant has announced plans to hire a total of 208,000 new employees this year, after revealing 33,000 jobs for headquarters roles earlier this month and 175,000 new operations [...]
Focusrite shares jump as lockdown home recordings boost revenue September 14, 2020 Shares in Focusrite jumped this morning after the audio firm reported “substantial” growth in revenue and profit as professionals and amateurs turned to its products during the coronavirus lockdown. The Aim-listed firm said it expected revenue of roughly £129m for the year to the end of August, up from £84.7m last year and ahead of [...]
Nvidia to buy UK chip designer Arm for $40bn September 14, 2020 US tech giant Nvidia has announced it will buy UK-based computer chip designer Arm from Softbank for as much as $40bn. Nvidia has said the business will continue to be based in Cambridge and that it will invest in a new artificial intelligence research centre on site. It will also keep Arm’s branding and is [...]