Software giant Adobe invests £63.5m in UK as creative sector booms November 29, 2018 Adobe will invest £63.5m in its UK operations and increase its workforce by over 20 per cent over the next three years, the company said today. The investment is the latest British expansion by the US-based software company, which has grown its UK workforce by 30 per cent in the last two years. The Department for [...]
Elon Musk abandons second LA hyperloop tunnel, opting for another instead November 29, 2018 Billionaire entrepreneur Elon Musk has ducked out of plans to build a second high-speed passenger train tunnel in Los Angeles, after litigation forced his firm The Boring Company to back down from the project. Musk had plans to build the 2.7 mile-long Sepulveda tunnel on the western side of LA, however has since ditched development after [...]
No snowflakes here – time to get ready for the New Working Order November 29, 2018 Ignorance is not bliss when it comes to understanding the next generation that will shape our futures. United Nations data shows us that Generation Z – those born after 2000 – will account for 32 per cent of the global population in 2019, and when combined with millennials, over 50 per cent of the global [...]
Instagram has become a scammer’s paradise November 29, 2018 Today, like every day, £87,000 will be lost to online scams, with social media platforms used as a key access point. Fraudulent activity is particularly prolific on Instagram, where scammers use the unregulated landscape and image-oriented design to pose as traders and con people out of thousands of pounds. Instagram’s success has been built around [...]
Wake up to AI Cyber Defence November 29, 2018 From self-adjusting thermostats and email spam filters, to Netflix’s recommendation algorithms and Alexa virtual assistants, AI (artificial intelligence) is fast emerging out of its infancy, and the only way is up. Due to a recent wave of tech innovations, our day-to-day lives are now looking to be enhanced even further by AI. A typical automated [...]
Could you be offered your next job by a robot? November 29, 2018 There has been much talk about machines taking jobs, yet research shows that most employers expect overall headcount to increase as a result of automation. Across multiple sectors, Artificial Intelligence (AI) is helping organisations to eliminate low-level, repetitive tasks, freeing up humans’ time to focus on delivering more strategic, premium services. The recruitment industry is [...]
Revolut to launch in Japan and Singapore, as US expansion experiences further delays November 29, 2018 Fintech startup Revolut has received authorisation from regulators in Japan and Singapore, operating under a licence similar to its UK business through partnerships with local banks. The banking app hopes to launch in the Asia Pacific region in the first quarter of next year, with over 50,000 users already on its waiting list. The news comes [...]
Tech leaders to pressure European politicians to revise ‘archaic’ laws November 28, 2018 More than 30 business leaders and entrepreneurs from across the technology industry have signed a letter to be delivered to European policymakers in January, urging them to consider updating EU laws on giving employees shares in the startups they work for. With signatories including the bosses of firms such as Transferwise, Delivery Hero, Anthemis and [...]
Former Google chief Eric Schmidt: AI could fix the world’s productivity problem November 28, 2018 Eric Schmidt, the former chief executive and chairman of Google, has come out with a message of confidence for the future of tech in the workplace, predicting AI could provide productivity with a much-needed boost. "I can tell you that [in] the future is there’s going to be a much larger number of empty jobs, [...]
Vita Mojo shakes things up with a £10m series A fundraise, backed by Investec November 28, 2018 Healthy food-focused restaurant chain Vita Mojo has raised £10m in a series A fundraising round led by Investec Bank, as it heads for expansion. The firm said it is now "coming out of stealth mode" to help other businesses with its technology, having already signed up a few major customers such as Virgin Active, Chilango and Wokit. [...]