Shares in Royal Mail owner jump 7 per cent after pay deal with union April 17, 2023 Shares in Royal Mail’s parent company, International Distribution Services, closed up almost 7 per cent today after reaching an agreement with striking workers. In a joint statement released on Monday, Royal Mail and the Communication Workers Union (CWU) announced they had reached an agreement “in principle.” “The proposed agreement will now be considered by the [...]
Amazon UK workers’ strike continues – and there’s no end in sight April 17, 2023 Amazon workers are taking part in fresh strikes at a warehouse in Coventry in an ongoing dispute with the tech giant – which doesn’t recognise the union – over pay. GMB members are downing tools for three days from 16 to 18 April as they call for hourly pay to rise to £15. The union has [...]
How AI is proving a virtual nightmare for Google boss who admits having ‘sleepless nights’ April 17, 2023 Google chief executive Sundar Pichai said the rapid advancement of artificial intelligence keeps him awake at night as he admitted society is not fully prepared for its advancement. In an interview with CBS’s Scott Pelley for the “60 minutes” programme, which aired on Sunday, Pichai said the technology could be harmful if it is not used [...]
Sonic creator Sega offers to buy Angry Birds maker for £625 million April 17, 2023 The Japanese video game company behind ‘Sonic the Hedgehog’ has offered to buy the Finland-based mobile gaming company, Rovio Entertainment Oyj, in a deal worth €706m (£625m), the companies announced on Monday. Sega Sammy has offered €9.25 per share for all outstanding shares in Rovio, which makes the mobile phone game, Angry Birds, a 19 [...]
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
‘Most powerful rocket ever’: SpaceX’s Starship cleared for launch April 16, 2023 A super rocket that Elon Musk hopes will one day carry people to Mars and the moon has been cleared for its first orbital launch. The US Federal Aviation Administration (FAA) granted SpaceX a licence to launch the super heavy-lift launch vehicle, comprised of a rocket, dubbed Super Heavy, and spacecraft, dubbed Starship, into orbit [...]
BT runs supply chain ‘war game’ signalling growing fears of China-Taiwan conflict April 16, 2023 Telecoms group BT carried out tests on its supply chain in order to prepare for any fallout amid escalating conflict between China and Taiwan in a “war game” that lasted two days last year. The simulation was conducted following the visit of US speaker Nancy Pelosi to Taiwan last year, which China deemed as an [...]
Elon Musk working on AI tool to compete with ChatGPT April 16, 2023 Elon Musk is reportedly planning to launch an AI tool to rival OpenAI’s ChatGPT. The billionaire founder of SpaceX and Tesla is gathering a team of AI researchers and has acquired the graphics processing units needed to produce the AI tool, the Financial Times reported. Musk is also in talks with SpaceX and Tesla investors [...]
Spotify and Apple warned against letting AI access copyrighted songs April 12, 2023 Universal Music Group has warned streaming platforms to clamp down on artificial intelligence tools wielding copyrighted songs for training purposes. In a letter sent to streaming platforms such as Spotify and Apple, the music corporation expressed concern that AI tools would collect data from copyrighted songs available on the platform to train themselves to produce [...]
Five things we learned from Elon Musk’s interview with the BBC April 12, 2023 Elon Musk plans to revoke a disputed “government funded media” label Twitter attributed to the BBC, claims advertisers are returning to the platform and admitted that he sometimes sleeps in the office. The billionaire chief executive — who is also at the head of electric car maker, Tesla, and spacecraft manufacturer, SpaceX — made the [...]
