‘There’s little room for caution’: Banks and fintechs gear up for AI revolution September 3, 2024 The financial services sector is leaning into the hype around artificial intelligence, as banking and fintech executives hail its potential to boost productivity and reduce costs.
Tinder, Hinge, Bumble and Grindr look to AI to rekindle the romance with users September 1, 2024 Tinder, Hinge, Bumble and Grindr are all embracing artificial intelligence (AI) in a bid to woo back their users who have fallen out of love with dating apps. New AI features are aiming to help eligible singles find a match made in algorithmic heaven by offering users suggestions to improve their profiles and instant feedback [...]
Nvidia: Tech stocks ‘at the mercy’ of chipmaker’s results August 26, 2024 Nvidia’s quarterly earnings results this week are set to define the trajectory of the entire tech market, analysts have warned, adding that the fallout from the update by the world’s third largest listed company might be felt across the entire global economy. “Big picture, the overall tech/AI theme arguably looks at the mercy of Nvidia’s [...]
AI can jump-start UK productivity – we just need to get over our trust issues August 22, 2024 Artificial intelligence can be the productivity cure it promises to be - but we need a little trust, writes Daniel Pell.
Quantexa: AI start-up boss on business after hitting Unicorn status August 19, 2024 When artificial intelligence (AI) start-up Quantexa hit unicorn status, the London-based company said it was a chance to embark on a major growth push. In April 2023, Quantexa was minted a billion dollar ‘unicorn’ after closing a $129m (£99.4m) funding round at a valuation of $1.8bn (£1.4bn). Quantexa, which uses AI to analyse financial firms’ [...]
London venture capital firm pumps cash into British AI robotics business August 15, 2024 Sure Valley Ventures, a London-listed investment firm which specialises in helping early-stage software companies to scale up, is set to expand its AI robotics portfolio with two new investments worth more than £2m. The venture capital firm led a £2m funding round for PHINXT Robotics, an AI-led robotics company that creates software to allow warehouse [...]
UK riots: Digital authoritarianism is not the answer to far-right violence August 12, 2024 Far-right thugs deserve to see justice, but Westminster must not use the riots to push through dystopian digital measures, writes Silkie Carlo, director of Big Brother Watch Our response to the riots risks digital dystopia These have been dark days for Britain. The shocking scenes of violence and racism following the Southport stabbings are unforgettable. [...]
Businesses urge Starmer and Reeves to put NHS and absenteeism top of ‘policy wishlist’ August 7, 2024 Business leaders have stressed their top priority for the Labour government is to focus on strengthening the NHS, a survey of bosses has found.
AI taskforce is needed to reform health and social care in the UK, says tech founder August 6, 2024 The UK needs an AI taskforce designated to the innovation of health and social care to avoid being left behind, the founder of digital-first social care provider Cera has said.
Zalando: Online fashion giant reports strong growth after push into AI August 6, 2024 Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Adjusted earnings before interest and taxes (EBIT) rose to €171.6m (£147.3m), an 18 per cent rise from £144.8m year on year in the second [...]