Cambridge tech firm Checkit halves losses as it eyes profitability February 15, 2024 Software company Checkit has said its path to profitability is moving faster than expected, after it has halved losses year on year.
Tesla shares: How Musk made history with the biggest loss of personal wealth ever recorded January 12, 2023 The ongoing woes at social media microblogging site Twitter have impacted hugely on the wealth of its owner, the world’s richest person Elon Musk. Musk lost an estimated £135bn between November 2021 and December 2022, according to Guinness World Records. This means he holds the record for the largest ever loss of a personal fortune. [...]
Microsoft considering £8bn investment in Chat GPT owner, says Semafor January 10, 2023 Microsoft is in talks to invest $10bn (£8.2bn) into ChatGPT-owner Open AI, according to reports by Semafor earlier today, citing people familiar with the matter. According to the report, Microsoft’s investment would take OpenAI’s valuation up to $29bn. The deal would initially be based on a revenue share, which will see Microsoft take 75 per [...]
Twitter users horrified as 200m leaked email addresses sold on dark web, but who is being blamed for the breach? January 6, 2023 A major security breach at online micro-blogging site Twitter has been blamed on owner Elon Musk’s mass firing of staff. Over 200 million Twitter users woke up to find their email and log-in details had been posted online. According to several reports, the data was stolen over a year ago but has only just been [...]
Musk lifts Twitter ban on political ads but may need to do more to lure advertisers back to the social media site January 5, 2023 Twitter is to lift its ban on political ads after losing nearly a million users since it was bought by Elon Musk in October last year. Musk’s controversial policy of reinstating controversial accounts including that of former US President Donald Trump, led to the reported loss of nearly 50 per cent of Twitter’s top advertisers. [...]
Nokia appoints Rolf Werner as new Europe chief January 5, 2023 Nokia has appointed Rolf Werner as the firm’s new Senior Vice President for Europe, the company announced today. Werner joins the Finnish telecoms firm from Cognizant, where he was CEO for Cognizant Germany, overseeing the German, Austrian and Swiss markets. He has also held senior positions at Fujitsu, Global Logic, and T-Systems. Nokia said Werner [...]
Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions January 4, 2023 British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]
What Elon Musk did next: Tech entrepreneur promises 2023 won’t be ‘boring’ January 2, 2023 Elon Musk tweeted that 2023 would not be boring. He followed this up by hinting at a release of the “Fauci Files” later this week. Musk has been critical of Dr. Anthony Fauci, who stepped down as the White House chief medical advisor at the end of 2022. In December, he had made a tweet [...]
UK government takes pro-innovation approach to AI January 2, 2023 UK government’s push to bridge the AI skills gap comes with a focus on a risk based approach. As industry predictions indicate an AI boom in 2023, the UK government has stepped up to plug the skills gap in the sector. At the end of 2022, the government evaluated the Industry-funded Masters in AI (IMAI) [...]
London’s unicorns: City’s tech start-ups are bringing in the big bucks December 21, 2022 London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]