Autonomy founder Mike Lynch inflated sales before £8.4bn HP deal, court hears March 25, 2019 The biggest civil fraud trial in UK history kicked off on Monday with Hewlett-Packard (HP) accusing entrepreneur Mike Lynch of inflating his software company’s revenues ahead of its £8.4bn sale to the US tech giant in 2011. Lynch “committed a deliberate fraud” to bump up Autonomy’s revenue, the High Court was told. HP is suing [...]
AI is coming for you: One in three City of London jobs at risk from automation March 25, 2019 More than one in three jobs in the City of London are under threat from automation, a study has found. The Office for National Statistics identified around 710,000 jobs in the Square Mile which they said were at risk from new automated technology. However, the figures make the City one of the top four safest [...]
iSmash on rivalling Apple for tech repairs and launching more stores in a dying high street March 25, 2019 Many will be familiar with the trauma: you drop your smartphone and the screen shatters into a modern-day mosaic. You either learn to live with shards of glass jabbing your fingers, wait a week for a phone company to fix it, or pay for a bodge job at a corner shop. Except those are no longer [...]
Inmarsat prepares to leave stock market in $3.4bn private equity deal March 25, 2019 Private equity firms have sealed a $3.4bn (£2.58bn) deal for UK satellite operator Inmarsat, sending its shares up seven per cent in early morning trading. The agreement will see the successful bidders pay $7.21 (546p) per share for the firm, a premium on its Friday close price of 506.2p. Read more: Inmarsat shares jump 16 [...]
US prosecutors hit Autonomy founder Lynch with new charges over sale to HP March 24, 2019 Autonomy founder Mike Lynch has strongly denied criminal charges which were levelled against him by US authorities last week. A spokesperson for the British entrepreneur hit back at three new claims over the $11bn (£8.4bn) sale of his software business to Hewlett-Packard (HP) in 2011. Read more: UK tech entrepreneur Mike Lynch charged in US [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
Government voices ‘serious concerns’ over Chinese cyber attack threat to UK 5G network March 22, 2019 The government has said it has “serious concerns” about the risk of China gaining access to the UK’s telecoms infrastructure. Jeremy Wright, Secretary of State for Digital, Culture, Media and Sport (DCMS), said the government is worried about the risk of interference from “both state and non-state actors”. Read more: Trump: UK's 5G plans put [...]
Comcast launches $5 streaming platform for internet-only customers March 22, 2019 US media giant Comcast has launched a new platform for its internet-only customers that will bundle together streaming services such as Netflix and Amazon. The firm has unveiled plans for Xfinity Flex, a streaming box aimed at its non-cable TV customers that ties together a range of apps with its voice remote. Read more: TV advertising revenue [...]
Facebook knew about Cambridge Analytica data scandal ‘months before reports’ March 22, 2019 Facebook employees knew about Cambridge Analytica’s “improper data gathering practices” months before they were reported in the media, a court filing has stated. A filing made by the attorney general for Washington DC has cast doubts over when Facebook found out about the incident. Boss Mark Zuckerberg has stated the tech firm only learned about the data scandal [...]
DEBATE: A third of voters would rather AI ran the country than politicians – so should robots move into Downing Street? March 22, 2019 A third of voters would rather AI ran the country than politicians – so should robots move into Downing Street? Takashi Sonoda, chief executive of internet of things company Uhuru, says YES. The idea that an artificial intelligence (AI) device could wholly take over the decision making at the top of the British government is pure [...]