IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales April 10, 2024 British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.
From 90s chatrooms to AI algorithms, has the internet lost its fun? April 8, 2024 Algorithms and clickbait are stripping the internet of the adventurous spirit it was built on, but we can bring it back, writes Kyle Duckitt.
Spotify exec: The UK must break Apple’s stranglehold on new tech April 4, 2024 Apple's anticompetetive conduct is holding consumer choice in a stranglehold. The Digital Markets Bill has the power to break it.
Insig AI: UK tech company reports ‘frustrating’ drop in revenue on contract delays April 2, 2024 Insig AI said two license contracts worth a combined total of £1m failed to close before the end of 2024 and their closure is not guaranteed.
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 [...]