System1 to resume dividends after topping profit forecasts April 16, 2024 System1 said it expects to record pre-tax profit of £2.8m for the year ended 31 March 2024, up £2.1m on 2023.
Competition watchdog issues warning on AI foundation models like ChatGPT April 12, 2024 The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.
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 [...]