Qualcomm unveils $100m AI startup fund as tech companies race to invest in sector November 29, 2018 US telecoms firm Qualcomm has launched a $100m (£78.3m) fund to invest in AI startups in a bid to promote new technology for self-driving cars and robots. The Qualcomm Ventures AI Fund will focus on firms that are developing “on-device AI”, as the telecoms company looks to spread the use of the new technology on [...]
Renault, Nissan and Mitsubishi meet to discuss future of alliance amid Ghosn scandal November 29, 2018 Car manufacturers Renault, Nissan and Mitsubishi have restated their commitment to each other following the arrest of chairman Carlos Ghosn. Executives from the three companies, which operate as an alliance, were seen arriving for a meeting in Amsterdam early this morning, according to Reuters. It is the first time representatives for the alliance have met [...]
Oil bounces back following reports Russia is prepared to cut output November 29, 2018 Crude oil prices today clawed back losses following reports that Russia has accepted the need to cut its output. Brent crude, the global benchmark, rose steeply today to $59.26 a barrel after closing at $58.12 yesterday. US West Texas Intermediate also recovered, having fallen below $50 a barrel for the first time since October 2017. [...]
Regulators tell TV advertisers to make small print clearer November 29, 2018 Advertising regulators today announced a crackdown on misleading TV ads by introducing new standards for small print. Under new standards published by the Broadcast Committee of Advertising Practice (BCAP), TV advertisers will be required to emphasise qualifying information, ensure on-screen text is easy to read and allow viewers enough time to read it The changes [...]
Software giant Adobe invests £63.5m in UK as creative sector booms November 29, 2018 Adobe will invest £63.5m in its UK operations and increase its workforce by over 20 per cent over the next three years, the company said today. The investment is the latest British expansion by the US-based software company, which has grown its UK workforce by 30 per cent in the last two years. The Department for [...]
Hostelworld camps down for flat growth but hints at future bookings boost November 29, 2018 Hostelworld today said its projected earnings for the full year are in line with expectations as it wraps up a strategic review to boost bookings in the coming years. The Dublin-based company said earnings before interest, taxes, depreciation and amortisation are on track to meet the board’s expectations, but that like-for-like bookings are likely to [...]
UK creative industries smash £100bn barrier amid video game boom November 28, 2018 Britain’s creative industries contributed a record-breaking £101.5bn to the UK economy last year, new figures have revealed. Figures published by the Department for Digital, Culture, Media and Sport (DCMS) show Britain’s film, music and advertising industries grew almost twice as quickly as the UK economy in 2017. Since 2010 gross value added (GVA) from the [...]
Disney signs deal to move digital ad business to Google November 28, 2018 Disney has agreed to transfer its global digital advertising business to Google in a lucrative deal for the tech giant. The deal will see Disney move its entire digital video and display business for brands such as Pixar, Marvel and Star Wars to Google's Ad Manager platform. The agreement builds on an existing relationship between the two [...]
European Commission gives green light for T-Mobile Netherlands merger November 28, 2018 The European Commission today unconditionally approved a merger between T-Mobile Netherlands and Tele2 NL. The new company will have annual revenues of more than €2bn (£1.8bn) and will serve roughly 4.3m mobile customers. T-Mobile Netherlands, a subsidiary of Deutsche Telekom, will buy Tele2’s Dutch operations, reducing the number of operators in the country from four [...]
Ofcom boss calls on British broadcasters to create Netflix rival November 28, 2018 Public service broadcasters should work together to create a ‘Brit Player’ to rival Netflix, the head of Ofcom said today. Sharon White told the Outside the Box conference in London that broadcasters should pull together their on-demand services to create a platform offering popular British shows such as Broadchurch, Blue Planet and Bake Off in one [...]
