‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI Banking The boss of Lloyds Banking Group is preparing to wield the axe on its cost base as the bank doubles down on AI ambitions. Charlie Nunn, the chief executive of the financial services giant, said AI is “going to impact work” and “require us to reskill people and hire new people” as he revealed a [...]
Brits spend £5bn to avoid ads on Netflix, Amazon Prime, Disney+ and Spotify Tech Brits are spending a staggering £5bn a year just to avoid ads on leading streaming services, according to a new report. In a bid to keep binge-watching and playlist-streaming interruption-free, a new Finder report found that over 31m UK adults now pay for premium, ad free subscriptions across Netflix, Amazon Prime, Disney +, and Spotify. [...]
Google wins £1.3bn case against EU ruling over ad product Tech Google has overturned a nearly €1.5bn (£1.3bn) EU fine related to its AdSense advertising platform in a win for the tech giant following two major fines. The General Court has found “errors” in the European Commission’s 2019 assessment of Google’s advertising contracts with publishers. Europe’s second highest court, based in Luxembourg, has annulled the fine [...]
Nexxen pays down debt pile after record revenue August 22, 2024 The Nasdaq-listed group noted better sales execution, scaling CTV partnerships and improved market conditions for the bumper set of results.