Sir Martin Sorrell: Clients ‘cautious’ as S4 Capital’s income tumbles May 8, 2025 S4 Capital, Sir Martin Sorrell’s advertising giant, recorded a sharp drop in revenue in its first-quarter trading update as geopolitical tensions weighed. The firm posted a 11.4 per cent slump in net revenue to £148.3m, which it said reflected the “continuing technology client caution” and headwinds from one “key client”. Takings from marketing services reduced [...]
Meta launches ChatGPT rival app ahead of key earnings April 29, 2025 Meta platforms debuted its standalone AI app on Tuesday, marking its most direct move yet against OpenAI’s ChatGPT – and doing so just 24 hours ahead of its first earnings report of the year. The app, built on Meta’s llama models, features on AI assistant, image generation, and a ‘discover’ feed to showcase user prompts, [...]
Microsoft cuts UK jobs as sales near £10bn and profit surges April 8, 2025 Microsoft shed more than 200 UK jobs in the year its turnover jumped to almost £10bn, it has been revealed. The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show. The reduction comes after Microsoft’s headcount grew from 4,955 in [...]
Microsoft, Meta, Tesla & Apple: What this week’s tech earnings tell us about the AI boom January 31, 2025 Microsoft, Meta, Tesla and Apple kicked off the tech earnings season this week, giving us snapshot of how spending on AI is shaping the tech sector. Here’s what we’ve learnt about the AI boom so far. AI spending shapes the tech sector This week started with the rise of Chinese startup DeepSeek causing headwinds on [...]