Tesla’s fatal autopilot crash investigation has concluded: Here’s what it said January 19, 2017 A US government investigation into Tesla's autopilot system following a fatal crash, has found that the tech company gave drivers enough warning around the system and identified no defects, avoiding a recall of the Model S cars. The report by the US department of Transportation's National Highway Traffic Safety Administration (NHTSA) said: "Although perhaps not as [...]
Fitbug shares are back: Here’s what’s going on January 19, 2017 Fitbug shares have resumed trading after being halted on Wednesday, as the Aim-listed tech company released a trading update. Shares closed down more than 40 per cent to 0.400p on Thursday, after rocketing more than 400 per cent in late afternoon trading on Wednesday which had prompted the company to suspend trading. Read more: Fitbug shares have been [...]
Deliveroo’s testing an Amazon Prime-style delivery subscription January 19, 2017 Deliveroo is testing out a new feature which has echoes of Amazon Prime – hungry users of the food delivery app can pay a subscription fee rather than a charge on each individual order. Deliveroo Plus will be tested out across six UK cities with customers paying an annual fee of £89, or a monthly fee of [...]
The gateway to a new business order: Why crowdfunding is just the start of the next era of organisations January 19, 2017 A new campaign appeared on crowdfunding platform Crowdfunder this week. Scottish energy firm Our Energy is raising £450,000 to set up an alternative gas and electricity provider. Fed up with Big Six high tariffs and just “lining shareholders’ pockets”, founders David Pike and Karen Snode decided to start a competitor, with plans to be operational [...]
Can Nintendo’s latest console turn the company’s fortunes around? January 18, 2017 The Switch is the latest console from Japanese playing card manufacturer Nintendo, who experimented with creating video games about large monkeys in the early 1970s and never looked back. A portable gaming machine that can dock with a television to become a regular console, the new device is the glorious end result of the company [...]
London tech startup SuperAwesome is considering an IPO January 18, 2017 A London tech startup specialising in helping brands such as Lego, Mattel, and Peppa Pig maker eOne comply with rules on advertising to kids online is considering an IPO. SuperAwesome is exploring a potential listing on the London Stock Exchange this year, City A.M. understands, and has engaged with several City institutions at the early stages of exploring going public, but has [...]
The French Touch Abounds in Tech January 18, 2017 The French tech scene has the most active sovereign wealth funds in the world, according to research firm, CB Insights. Two French funds make the top half of the top-ten, which also includes state funds from Singapore, Malaysia, Kuwait, Qatar, Saudi Arabia and China. France’s Banque Publique d’Investissement (Bpifrance) sits atop the list as the [...]
Fitbug shares have been halted January 18, 2017 Shares in Fitbug have been halted temporarily after earlier being energised by the British tech firm announcing a new deal to sell its wearables to a company workforce. The stock rocketed more than 130 per cent in early trading after announcing a deal with an unnamed global financial services firm based in Asia to use its devices to [...]
Elon Musk’s insane Hyperloop transport system is coming soon to a difficult-to-pronounce European city near you January 18, 2017 Hyperloop, the so-crazy-it-might-just-work ultra-speedy transportation system invented by Tesla founder and general mad professor Elon Musk, took another step forward today, after three European cities signed a deal to start exploring the technology. By Musk's reckoning, the system, which is essentially a giant vacuum tube, will suck pods through its tunnels at 760mph, cutting the three-hour [...]
Why are the world’s eyes on this innovative fintech startup? January 18, 2017 | City Talk Imagine an app that puts all your finances in one place: your current and savings accounts, credits cards, mortgage and other personal accounts – all in the palm of your hand. Quickly and easily. Money Dashboard’s app does just that – its financial data platform has attracted 100,000 users since its launch in 2010. The fintech [...]