Elon Musk: Judge rules billionaire’s DOGE role is permanent May 28, 2025 A federal judge in Washington, DC has ruled that Elon Musk holds a “continuing and permanent” role within the federal government and DOGE, rejecting the White House’s claim that the billionaire entrepreneur was merely serving in an advisory capacity. The decision allows a high-profile lawsuit brought by 14 US states to move forward against Musk, [...]
Google faces £25bn UK lawsuit over ad monopoly claims May 28, 2025 Google is facing a £25bn legal claim in the UK, as a new lawsuit accuses the tech giant of abusing its dominant position in the online search advertising market, driving up prices for UK advertisers over more than a decade. The claim, filed with the Competition Appeal Tribunal (CAT) and led by Roger Kaye KC, [...]
BGF’s £3bn pledge offers hope amid concerns over UK competitiveness May 28, 2025 The Business Growth Fund (BGF) has unveiled a £3bn commitment to back British businesses over the next five years which includes £500m earmarked for early stage start-ups in deep tech and life sciences. The organisation, which is one of the UK’s most prominent equity investors, has made the announcement at a pivotal time for the [...]
London slips from top smart centre spot May 28, 2025 London has lost its place as the world’s top hub for science and tech innovation after a sobering report warned of the City’s slipping global status. The UK’s capital fell behind San Francisco and Zurich which stormed ahead with a gain of 16 and 6 points respectively. Meanwhile, London’s rating shed three points as it [...]
Adidas hit in yet another UK retail data breach May 27, 2025 Adidas has confirmed a cyber attack that exposed the personal data of customers who contacted its help desk, adding the German sportswear giant to a growing list of major retailers hit by recent cybersecurity incidents. The breach, disclosed on 23rd May, involved unauthorised access to a third party customer service provider, through which attackers were [...]
Steven Bartlett: Dragons’ Den star signs the ‘biggest deal of my life’ May 27, 2025 Dragons’ Den star Steven Bartlett has said he’s “signed the biggest deal of my life” after becoming a co-owner of a US technology company. The entrepreneur has agreed a “major, double digit equity investment deal” in LA-based Stan Store. The business is led by chief executive John Hu who set up the firm in 2021. [...]
UK-EU deal triggers strategic AI partnership May 27, 2025 A new initiative has been launched to enhance AI collaboration across Europe, building on the recent agreement between the UK and the EU. This partnership invites leading UK public research organisations to apply to become the UK’s gateway to Europe’s most advanced super-computing facilities, which are crucial for accelerating AI breakthroughs. Strengthening ties through AI [...]
Nvidia’s new chip aims to soften tariff blow ahead of key earnings May 26, 2025 Nvidia is moving quickly to protect its position in China with the launch of a new AI chip – a stripped down, cheaper product aimed at dodging tightening US export restrictions and softening the blow of escalating trade tensions. Set to begin mass production as early as next month, the chip will be based on [...]
Are ministers ignoring the AI copyright crisis? May 26, 2025 The UK government recently rejected a House of Lords-backed amendment to the data bill for the second time, intensifying a stand-off between policy makers and the creative industries over the role of copyright in AI development. At the centre of this dispute is a provision, introduced by Baroness Beeban Kidron, that would require AI firms [...]
BYD: Chinese EV stocks tumble despite spike in UK demand May 26, 2025 Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the [...]