Microsoft launches AI ‘agents’ to woo investors ahead of earnings Tech Microsoft has launched a suite of artificial intelligence-powered ‘agents’ geared towards businesses, as the tech giant continues to build out its suite of AI products in a bid to stay ahead of the competition and woo investors. At its AI Tour event in London on Monday, Microsoft boss Satya Nadella introduced the autonomous agents, which [...]
Abbey Road Studios is looking for the next Spotify Media When The Beatles recorded 190 of their 210 songs at Abbey Road Studios in west London, they pushed the boundaries of the primitive equipment at the time They experimented using tape machines in ways they weren’t designed for, pulling all-nighters to create the iconic distorted sounds of tracks like “Revolution”. It was a revolution not just [...]
Investors brace for Tesla’s earnings after Robotaxi flop Transport and infrastructure Tesla is set to post its third quarter earnings on Wednesday, with most analysts bracing for a slight dip in earnings per share compared to last year. The consensus forecast for revenue sits around $25.34bn (£19.5bn), up from the $23.35bn (£17.96bn) it booked in the same quarter of 2023. In its most recent quarter, Elon [...]
Reeves to hike tax on UK founders looking to sell October 19, 2024 Chancellor Rachel Reeves is reportedly plotting to hike taxes for entrepreneurs selling their businesses as part of her strategy to plug a £40bn fiscal “black hole”. In her upcoming Budget, Reeves is considering cutting a policy known as the business asset disposal relief, according to Bloomberg. The tax relief currently allows entrepreneurs to pay a [...]
UK needs ‘more diplomacy’ with China, says Lammy October 19, 2024 The UK approach to China needs “more diplomacy, not less”, the Foreign Secretary has said on his first official visit to the country. David Lammy said the Government would bring “consistency” to relations with China, adding there had not been “sufficient contact” between London and Beijing under his predecessors, particularly on human rights issues. His [...]
Amazon Alexa inventor says most companies are getting AI wrong October 17, 2024 William Tunstall-Pedoe, the inventor behind Amazon’s voice assistant Alexa, has said that many companies that are trying to embed AI in their operations are getting it wrong. “Pretty much every medium and large business out there is trying to bring AI into their business,” he told City AM. “But a lot of these projects are [...]
GB Group: London-listed tech firm’s shares soar after beating forecasts October 17, 2024 Shares in London-listed tech group GB Group jumped 11 per cent on Thursday morning after its interim trading results beat estimates. The software company, which provides identity verification and location intelligence services, said first half revenue was around £137m, compared to £132.4m in the first half of last year. This was slightly ahead of Peel Hunt’s £135.5m estimate. [...]
Deliveroo: UK consumers help group’s growth October 17, 2024 More Brits ordering takeout in the UK and Ireland helped Deliveroo post growth in its third quarter, as it maintained its full year guidance. The food delivery company booked gross transaction value (GTV) of £1.78bn, up six per cent year on year in constant currency, as orders jumped to 71.1m, up from 69.7m in the [...]
Entain upgrades guidance after boost from Euros and NFL October 17, 2024 Gambling group Entain has upgraded its guidance after popular sports matches helped it grow its gaming revenue and deliver a stronger than expected performance in the third quarter The owner of Ladbrokes and 888casino said total net gaming revenue (NGR) grew eight per cent in the three months to 30 September, including its 50 per [...]
How ASML sparked a global chip stock sell off October 16, 2024 Chip equipment maker ASML warned of a slower than expected recovery in the semiconductor market on Tuesday, triggering panic among investors who quickly offloaded stocks across the sector. The company’s quarterly results, accidentally published a day early, revealed orders that were half of what investors had expected. The company also cut its forecast for next [...]