Financial services jobs at risk amid rise of the robots June 12, 2019 As many as one in five jobs in the financial services sector could be replaced by robots within the next five years, a new survey has revealed. Research by KPMG and recruitment firm Harvey Nash showed the rapid rise of new technology such as automation and AI could remove the need for up to 20 [...]
UK mobile operators urge government to clarify position on Huawei June 11, 2019 The UK must clarify its position on Chinese tech firm Huawei or risk losing its position as a world leader in the telecoms market, mobile operators will warn. In a letter to cabinet secretary Mark Sedwill, seen by the BBC, the firms will urge the government to reach a decision on whether or not Huawei [...]
Don’t believe the hype, Apple is no better at privacy than any other tech company June 11, 2019 Apple, much loved by its users, is jumping on the privacy bandwagon. Announcing the launch of its service “sign in with Apple” last week, this single sign-on promises to protect your privacy. It all sounds great, until you take a closer look at what privacy actually means to Apple. This single sign-on service protects some [...]
Taxify relaunches in London under Bolt branding in challenge to Uber June 11, 2019 The European ride-hailing firm formerly known as Taxify is today relaunching its services in London, two years on from being forced to halt rides in the capital. The firm, which first entered the UK market in 2017 via the purchase of an existing private hire business, had its third-party licence suspended by Transport for London [...]
Huawei does not make ethical judgements, says cybersecurity boss June 10, 2019 Huawei’s global head of cybersecurity has insisted the Chinese firm always complies with local laws, but denied it can be compared to companies operating in Nazi Germany. In a tense appearance in front of the Science and Technology Committee, John Suffolk said Huawei’s approach was to abide by local laws and not pass judgement on [...]
Allied Minds boss steps down as it scraps bonus scheme after investor revolt June 10, 2019 US tech incubator Allied Minds has announced the departure of boss Jill Smith, as growing pressure from investors pushed the firm to overhaul its management structure and scrap its bonus scheme. Smith, who has served as president and chief executive for just over two years, has stepped down with immediate effect. Read more: London named [...]
Salesforce to buy Tableau Software in $15.7bn deal June 10, 2019 Salesforce has agreed to buy data analytics platform Tableau Software in an all-stock deal valued at $15.7bn (£12.4bn), the company said today. Read more: Salesforce’s venture capital arm raises second European tech fund at $125m Tableau shareholders will be given 1.103 shares in Salesforce, valuing the offer at $177.88 per share, a 42 per cent [...]
London named world’s top tech hub as leaders descend on the capital June 10, 2019 London has been named the top city in the world for foreign direct investment from overseas tech companies. The capital attracted significantly more projects in 2018 than any other country, according to data from London & Partners. It racked up 91 tech investment projects to the tune of £864m in the last 12 months, compared [...]
AI to boost British GDP by a fifth in the next decade June 10, 2019 British companies that fully incorporate artificial intelligence (AI) tools into their organisations could increase their economic value by 120 per cent by 2030, while the technology itself could provide a 22 per cent boost to UK GDP. Similarly, companies that adopt AI late or not at all could lose around 20 per cent of their [...]
London leads Europe’s tech unicorn herd June 9, 2019 The UK is now home to over 70 tech unicorns, having created more than one billion-dollar company every month in the last year. Britain has more than double the amount of unicorns as the next highest-ranking European country, and comes third globally to the US and China, according to data from Tech Nation and Dealroom. [...]