Boohoo for Yahoo as SEC begins probe into cyber breach January 23, 2017 Tech giant Yahoo is being scrutinised in an investigation by the the US Securities and Exchange Commission (SEC) over whether it should have reported data breaches sooner to investors. In December, Yahoo admitted it was a target of a cyber attack in August 2013 in which data of more than one billion users was compromised. In September, the [...]
Softbank-owned Sprint is buying a stake in Jay Z’s Tidal January 23, 2017 Jay Z's music streaming service Tidal, a smaller rival to Spotify and Apple Music, has a new investor. Softbank-owned US telecoms firm Sprint has snapped up a 33 per cent stake in the company which the rapper acquired two years ago. That means 45m Sprint customers will now have "unlimited access" to the platform's exclusive music. Read more: The [...]
Here’s what UK tech thinks of Theresa May’s modern industrial strategy January 23, 2017 The UK's tech industry has tentatively welcomed promises by Theresa May to put the sector at the heart of Britain's modern industrial strategy, with funding promised for top artificial intelligence, robotics, 5G and smart energy technologies. “In today’s economy, the tech sector is driving innovation and boosting productivity across all industries. In tomorrow’s economy, every sector [...]
A new app has launched to solve that ever awkward question: “Should I give up my seat on the Tube?” January 23, 2017 Many of us have had the awkward moment of hovering awkwardly out of a Tube seat. To offer or not to offer? Does that person need a seat? Well, fear not, hesitant commuters. For a new app launches today aimed at helping pregnant women specifically get seats on public transport. It's called Babee on Board. [...]
Blame it on the batteries: Samsung says battery faults caused Galaxy Note 7 fires January 23, 2017 After some intense investigation, Samsung has announced the reason behind its exploding Galaxy Note 7 phones. It was lithium-ion batteries that caused the problems, causing the mobiles to overheat and catch fire – leading to the global recall of millions of devices and scrapping production of the model altogether. The incident was a costly one, [...]
Startup taking the hassle out of mortgages, Habito, has landed millions in new funding January 23, 2017 A property technology startup which helps find homebuyers the best deal on their mortgage online via a chatbot has raised a new multi-million pound round of funding to support its growth, City A.M can exclusively reveal. Habito, already backed by seed capital from the entrepreneurs behind Transferwise and Funding Circle, has landed a further £5.5m of cash led by [...]
David Harrison, co-founder of Positive Solutions and True Potential, talks tin baths, skinny men with beards, Boris and why we need a Super Isa January 23, 2017 An article was doing the rounds on Twitter last week: Don’t let Boris Wooster bugger up Brexit. This is how David Harrison, founder of two multi-million pound financial services firms and former builder, feels about our irrepressible foreign secretary. “He’s not helping Theresa, is he? A loose cannon who walks on sounding like he’s just [...]
The five beauty tech startups joining L’Oreal and Founders Factory’s incubator January 22, 2017 Five startups hoping to disrupt the multi-billion pound world of beauty have been chosen by L'Oreal and Founders Factory, the London tech incubator from LastMinute.com entrepreneurs Brent Hoberman and Henry Lane Fox. Preemadonna, a startup creating a nailbot that can print designs onto nails via a mobile phone, and InistU, an online skincare company, are among the five [...]
The clock is ticking on Spotify’s IPO January 22, 2017 The clock is ticking for Europe's most highly anticipated IPO as it creeps towards a crucial date in the financial calendar of the company. Spotify, the region's most highly funded tech startup, is approaching the deadline of a $1bn debt financing deal inked last year that will see the costs increase and a share of the compnay given [...]
This Twitter founder thinks tech could become the next big tobacco January 22, 2017 One of the founders of Twitter has said that online is turning into a "a nasty business" and that the big technology companies must take action before they become as reviled as big tobacco, oil or pharma. "You can do all these wonderful things online but it's turning into a nasty business," said Biz Stone [...]