Imagination Technologies share price dips as it sells Pure radio business for £2.6m September 29, 2016 Imagination Technologies announced today that it has sold its Pure digital radio business. Pure was sold for £2.6m on a cash and debt free basis to Austrian firm AVenture AT GmbH. Imagination Technologies said the buyer has also been granted an option to acquire one of the group's properties in Kings Langley, Hertfordshire for £4.5m. The chip-making [...]
Top tech firms have formed an AI supergroup to make sure robots are good September 29, 2016 The world's top tech firms, including Google's DeepMind, Facebook and Amazon, have formed the tech equivalent of a musical supergroup, joining forces to ensure the ethical development of artificial intelligence and "advance public understanding" of the technology which is increasingly working its way into our lives. The group, Partnership on AI, will connect academics, policy experts, and non-profits [...]
Spotify in advanced talks to buy Soundcloud according to reports September 29, 2016 Music streaming giant Spotify is in advanced talks to buy Soundcloud, according to reports. The Financial Times reported that sources said it was unclear how much Spotify would pay for the Berlin-based streaming company, and warned that the discussions could still collapse. Twitter recently bought a stake in Soundcloud with a $70m (£54m) investment. And in May this [...]
Samsung confirms US authorities are looking at problems with its washing machines September 29, 2016 Samsung has revealed that it is in talks with US authorities over safety problems with its washing machines following reports in the media that some of them had exploded. The revelation comes as the US Consumer Product Safety Commission (CPSC) warned of problems to certain top-load machines built between March 2011 and April 2016. “In [...]
Plan? What plan? Around a quarter of European companies don’t know what to do about hacks September 28, 2016 A worrying number of European companies have no plans for how to respond to cyber attacks, a study out today has found. Just under half (44 per cent) of the firms surveyed as part of DLA Piper's European Technology Index 2016 revealed they were significantly concerned about the threat cyber crime posed to their business, but a [...]
The majority of banks plan to use blockchain in the next three years September 28, 2016 The majority of banks plan on using blockchain technology in the next three years, adopting it "dramatically faster than expected", but regulation was named as the biggest barrier by global institutions. Nearly two thirds expect to have blockchain solutions by 2019, while 15 per cent of the 200 banks surveyed by IBM and the Economist Intelligence Unit expect to have something up [...]
Bitcoin still “currency of choice” for cybercriminals… for now September 28, 2016 Bitcoin remains the "currency of choice" for cyber criminals, but they may soon turn to newer digital currencies, Europe's top police agency has said, and even start targeting blockchain, the technology beneath it. The most well-known cryptocurrency is being used across a range of cybercrimes, including as payment on the darknet, and in DDos, phising and ransomware attacks, extorting money [...]
Apple is moving to Battersea Power Station in 2021 September 28, 2016 Apple has said today that it will be leasing space at the Battersea Power Station. The tech giant will be taking around 500,000 square feet across six floors inside the converted riverside power station. When Apple moves in in 2021, it will account for 40 per cent of the development's total office space. Apple will be moving [...]
End of an era: Blackberry will no longer make its own phones September 28, 2016 The once high-flying Blackberry has come crashing to the end of production of its own phones, saying it will outsource making any hardware to other companies. The struggling phone maker will instead focus on its software and services after failing to keep up with the rise of Apple and touch screen smartphones. The Canadian firm which [...]
Elon Musk’s totally nuts mission to Mars in nine crazy numbers September 28, 2016 Not content with pushing the boundaries for transport on earth with Tesla, prolific entrepreneur Elon Musk is taking his work on SpaceX a step further out of this world… literally. His ambitious plan to colonise Mars were revealed in not only a highly anticipated event but also a highly detailed one in which Musk laid out ambitious estimates of [...]