Financial Times buys majority stake in tech media firm The Next Web March 5, 2019 The Financial Times (FT) has bought a controlling stake in tech media firm The Next Web (TNW) in a bid to expand its events offering. The FT said the move will boost its presence in the European tech market and will create synergies with its existing events division FT Live. Read more: German prosecutors probe [...]
One in 12 of Europe’s new startups work in AI sector March 5, 2019 One in every 12 newly founded companies in Europe calls itself an AI company, with the field dominated by UK startups, a new study reveals. But two-fifths of the 2,830 startups show little evidence of AI, the report released today from venture capital firm MMC Ventures and Barclays shows. Artificial intelligence, technology which allows software [...]
The high street can be saved if physical shops and online retailers collaborate and use data March 5, 2019 In January, affiliate marketing company Awin released research showing that 39 per cent of Britons wouldn’t really mind if we lost all high street stores altogether, with over a third of respondents saying that they “almost never” shopped there anyway. News stories about high street stalwarts being in the doldrums have become a recurring theme, from [...]
Automakers and the tech giants are battling over the future of the car industry March 5, 2019 More than 100 years after the petrol-powered car passed go for the first time – and despite worldwide sales at a record high in 2018 – stress fractures are starting to appear. Tesla is on track to outsell both BMW and Mercedes-Benz in the US, car sales in China are declining for the first time in [...]
Revolut boss concedes to claims of ‘toxic culture’ at the startup March 5, 2019 The chief executive of London fintech startup Revolut said his firm “hasn’t always gotten things right” in an open letter late last night, after fresh allegations of a toxic culture at the company emerged last week. Former Revolut employees at both senior and junior levels described an environment of unpaid work, unachievable targets and high-staff [...]
Music streaming revenues overtake ownership for the first time amid shift to ‘rental’ market March 4, 2019 The popularity of subscription services reached record levels in the UK last year as music streaming revenues overtook ownership formats for the first time. Revenues from paid-for music subscription services such as Spotify jumped 39 per cent last year to £829m, meaning subscriptions now account for 62 per cent of all music revenues, according to figures [...]
FTSE boards do not understand the threat of cyber attacks, government warns March 4, 2019 Boards at some of the UK’s largest companies still do not fully understand the potential impact of a cyber attack, the government has warned. A report into FTSE 350 companies published today shows that while almost all firms have a cyber security strategy in place, just 16 per cent of boards have a comprehensive understand [...]
New 5G app gives smartphone users insight into lives of connected cows March 4, 2019 Tech nerds and bovine enthusiasts will now be granted an insight into the everyday life of cows thanks to a new app that connects cattle to 5G. The smartphone app, called Me + Moo, allows users to select their own connected cow and receive daily updates beamed via 5G sensors on the farm. Read more: Arm [...]
KFC taps London fintech startup Flux for paperless payments March 4, 2019 KFC has launched a partnership with London fintech startup Flux which will see the US fried chicken chain go paperless. From today, users of digital banks Monzo and Starling, as well as select Barclays customers in the near future, will be able to receive digital itemised receipts for transactions in their banking apps when they [...]
Space X Dragon capsule successfully docks with International Space Station March 3, 2019 A capsule launched by Elon Musk’s Space X successfully docked with the International Space Station (ISS) today as part of its demonstration mission. The Dragon vehicle made the attachment autonomously having launched on Saturday from Kennedy Space Center in Florida. The 4.9 metre tall capsule contained a dummy called Ripley and 90kg of supplies. It [...]