London startup Snyk secures $70m from Facebook investor Accel September 10, 2019 Cybersecurity firm Snyk has raised $70m (£56.7m) in funding, led by venture capital stalwart Accel, to fuel the next stage in its international expansion. The round was also supported by existing investors GV and Boldstart Ventures. It follows a $22m investment in September last year, taking the London and Boston-based startup’s total amount raised to [...]
Why Apple cannot rely on the iPhone 11 to satisfy investors September 10, 2019 Apple’s product launches have gained an almost cult-like following and, as ever, the online rumour mills have been in overdrive ahead of tonight’s tech spectacle. CEO Tim Cook will take to the stage at Apple’s California headquarters from 6pm, where he is expected to unveil the iPhone 11. Read more: Everything you need to know [...]
Shares in Concurrent Technologies take off after defence tech firm posts revenue rise September 10, 2019 Shares in computer product manufacturer Concurrent Technologies jumped more than eight per cent this morning after it posted strong trading for the first half of the year. Read more: Court throws out privacy challenge to facial recognition technology in landmark ruling Concurrent, whose products are used in the defence, aerospace and telecoms sectors, reported a [...]
Margrethe Vestager stays on in beefed up EU competition role in blow for tech giants September 10, 2019 Margrethe Vestager has retained her role as EU competition commissioner in a blow for Silicon Valley tech giants. Vestager, known for her formidable crackdown on tech firms, has also been appointed executive vice president tasked with making Europe “fit for the digital age”. Read more: EU antitrust chief Margrethe Vestager signals decision on Google Adsense [...]
iPhone 11 launch date, price, and 5G: Everything you need to know September 10, 2019 The internet rumour mill has been in overdrive in recent months before the launch of Apple’s next generation iPhone 11. As Apple battles slipping sales for its flagship products, the Silicon Valley tech giant will be hoping its latest models will win over consumers. Ahead of the iPhone 11 launch tonight, here’s everything you need [...]
Huawei drops lawsuit against US over seized equipment September 10, 2019 Huawei has dropped a lawsuit against US authorities over telecoms equipment that was seized on suspicion of export control violations. The Chinese tech firm launched legal action against the commerce department and other government agencies after they seized equipment in 2017 following a lab test in California. Read more: US charges Chinese professor with fraud [...]
Softbank urges Wework to halt float amid investor doubts September 10, 2019 Wework’s largest shareholder Softbank is said to be urging the shared office space provider to shelve its initial public offering (IPO) due to a frosty reception from potential investors. The Japanese conglomerate has put pressure on Wework bosses to postpone the eagerly-anticipated listing following criticism of the firm’s governance, executive pay and complicated structure, the [...]
Just what the doctor ordered: The tech that is freeing NHS staff from pagers, landlines and WhatsApp September 10, 2019 When Lydia Yarlott started working as a junior doctor in 2015, she was handed a pager. With this retro piece of technology, she was expected to communicate with her colleagues in the hospital. For anyone unfamiliar with (or too young to know) how a pager works, the device beeps when someone wants to contact you, [...]
While MPs argue, fintech must take the lead on driving growth September 10, 2019 Political discord, uncertainty, rapid change to the country’s prospects every day – this is the present state of Britain. To top it all off, the latest survey from IHS Markit suggests that a new recession is possible, with economic growth slipping over the recent period. The UK is at a crucial point. How we respond [...]
Ignore Elon Musk’s doom-mongering – AI will strengthen our society, not break it September 10, 2019 In Elon Musk’s mind, the dystopian thriller Ex Machina is forecast, not fiction. Debating Alibaba’s Jack Ma at the World AI Conference at the end of August, Musk claimed that humanity was directly threatened by the development of artificial intelligence, and that human beings were simply a “biological boot loader for digital super-intelligence”. The billionaire [...]