DEBATE: Should the UK’s judicial system embrace using artificial intelligence in the courtroom? April 30, 2019 Should the UK’s judicial system embrace using artificial intelligence in the courtroom? Emily Foges, chief executive of Luminance, says YES. The explosion of digital information, from social media posts to WhatsApp messages, can lead to cases collapsing in our courts as police and barristers struggle to review evidence in time. Artificial intelligence (AI) technology is [...]
Don’t get stuck in your ways: How to cut carbon emissions without glueing yourself to buildings April 30, 2019 “You can't eat money” and “climate emergency” read some of the signs wielded by climate change protestors last week, as they glued themselves to the London Stock Exchange. As our planet heats up, so does the debate around global warming. Regardless of whether you agree with the tactics used by the protestors or not, there [...]
Google parent Alphabet misses estimates as EU fine takes its toll April 29, 2019 Alphabet missed Wall Street estimates on revenue in its first quarter, while the EU's €1.5bn (£1.3bn) advertising fine weighed on profit. Revenue rose 16.7 per cent to $36.3bn for the first three months of 2019, its slowest pace in three years, missing analyst estimates of $37.3bn according to data from Refinitiv. The parent firm of [...]
The We Company confidentially files to go public April 29, 2019 The We Company, the firm behind office sharing giant Wework, has confidentially filed to go public. The firm said today it had amended documentation to an earlier filing with the Securities and Exchange Commission in December last year. No financial information was revealed in the filing, though the We Company was reported in March to have made [...]
Government moves to take UK fintech startups global April 29, 2019 The UK’s fintech startups are set to get a boost from the government towards expansion across borders, international trade secretary Liam Fox announced yesterday. Building on the so-called fintech bridge agreements signed by the UK and other nations in recent years, a cohort of startups have been selected for two pilot programmes that will provide [...]
UK fintech sector must not rest on its laurels and should strive to challenge China, LSE boss says April 29, 2019 The UK must not “sit on its laurels” and should have ambitions to challenge China, the London Stock Exchange chief executive told a global fintech summit this afternoon. Nikhil Rathi championed the City as a top fintech hub globally but said the UK environment needed to improve to develop skills and people and encourage innovation. [...]
In 50 years, dead users will outnumber the living on Facebook April 29, 2019 At least 1.4bn Facebook users will die before 2100, meaning the number of dead people on the platform could outnumber the living by 2070, according to a new study. If membership of the platform continues growing at the current rate of 13 per cent each year, then there could be as many as 4.9bn dead [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Tech giants urged to work with government in online harms battle April 29, 2019 Facebook, Google and Snapchat should use their technology to work with the government on tackling harmful content online, health secretary Matt Hancock will say today. The health secretary will challenge social media giants to make greater progress in protecting vulnerable users at a second UK summit between tech firms and internet providers, held as part [...]
Top banks inject $9m into London fintech startup Mosaic Smart Data April 29, 2019 The venture capital arm of Commerzbank and London investor Octopus Ventures have co-led a $9m (£7m) funding round into fintech startup Mosaic Smart Data. Existing backer and client JP Morgan also participated in the round, adding to its minority stake in the startup. The bank signed a multi-year deal to use Mosaic’s technology – which [...]