Rosetta spacecraft makes successful crash landing September 30, 2016 The Rosetta probe, sent into space to collect data about a comet, has completed its 12-year mission with a crash-landing. The European Space Agency (ESA) launched the spacecraft in 2004 and sent it to explore the features of the catchily-titled Comet 67P. After collecting reams of data and sending its sister landing probe, Philae, down to [...]
Scientists have found having adult kids stuck at home could create health benefits for parents September 30, 2016 Stuck with your adult children still living at home? There’s good (and rather counter-intuitive) news: scientists have found inter-generational living has huge benefits for mental health. Unemployment, student debt and low earnings for graduates mean more adult children than ever are moving back home after university. But a study looking at families across Europe found [...]
LinkedIn warns of Brexit talent block (and these three sectors could be worst hit) September 30, 2016 LinkedIn has warned that Brexit could stop UK business from accessing the best and the brightest talent from Europe, with professional services, technology and finance likely to be the hardest hit. Leaving the EU could put at risk access to top talent from across the region which accounts for 40 per cent of professional migration to the UK, [...]
London startup Lystable lands another Paypal mafia investor September 29, 2016 London startup Lystable, fresh from raising millions from Paypal founder Peter Thiel's venture firm, has raised new cash from another member of the so-called Paypal mafia. Max Levchin's HVF, a data focused lab which is also the umbrella for two of his companies, has jumped on board adding to the $11m series A funding first revealed in [...]
Meet the five startups joining London’s newest corporate fintech lab September 29, 2016 Five up-and-coming startups have been chosen by a London investment firm to join its newly created fintech lab. The new cohort joining Octopus Labs' 12 week programme include companies working on artificial intelligence powered financial news and financial management platforms aimed at investors and financial advisors. The director of the accelerator run by Octopus Investments, the group behind the venture capital firm [...]
Treasury committee chairman seeking assurances from high street bank bosses on IT health September 29, 2016 The chairman of the influential Treasury Select Committee (TSC) Andrew Tyrie has written to the chief executives of two of the UK's biggest banks over recent IT failures. City A.M. understands Tyrie will publish letters to the bosses of Royal Bank of Scotland and HSBC tomorrow morning. Tyrie has also written to the heads of the financial regulators the Financial Conduct [...]
Here’s how many people are using UberEats in London (and it’s expanding to zone 2) September 29, 2016 Uber now boasts more than half a million users of UberEats in London as it expands the food delivery service further across the capital. The service which launched in June to rival homegrown Deliveroo will now be available in parts of zone 2 beyond its initial launch area of central London. In the three months since launching, the billion-dollar startup [...]
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 [...]