Getty Images and Shutterstock announce merger January 7, 2025 Getty Images and Shutterstock have agreed to merge in a $3.7bn (£2.9bn) deal, forming a combined entity under the name Getty Images Holdings, geared to monopolise the stock image market for creative, media, and advertising industries. The merger was announced on Tuesday, and is expected to close following regulatory and shareholder approvals. The merger is [...]
Apple to fix AI tools after being accused of ‘misleading’ headlines by the BBC January 7, 2025 Apple has announced plans to update its AI-powered notification feature following a formal complaint from the BBC regarding inaccurately outlined news headlines. The BBC complained about the tech giant’s use of its Apple Intelligence feature last month after several high-profile errors. These included a false claim that Rafael Nadal had come out as gay and [...]
Nvidia neck and neck with Apple as world’s most valuable firm as stock rises January 7, 2025 Nvidia‘s stock rose by 3.4 per cent on Tuesday to $149.43 (£118.95) per share bringing it neck-and-neck with Apple, following various launches for the tech giant at the CES in Las Vegas on Monday. At the annual conference, the firm revealed a host of new products from new gaming chips, a personal AI supercomputer and [...]
Crypto ranked among top three alternative investments in 2024 January 6, 2025 Crypto and digital assets emerged as the third most popular investment of the past 12 months, driven by a 49 per cent surge in online searches. Whisky and Wealth Club’s research highlighted cryptocurrencies as one of the top three performing alternative investment sectors, alongside peer-to-peer lending and music royalties. Despite their notorious volatility, digital assets [...]
2025 Predictions for Apple, Microsoft, Tesla, and other tech leaders January 6, 2025 The Magnificent Seven group of leading tech companies: Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta and Tesla, gained a combined 63 per cent in 2024, building on 2023’s strong performance. Deutsche Bank revealed the group generated more profit in 2024 than most national stock markets. However, JP Morgan has projected their contribution to S&P 500 earnings [...]
Amazon broadband coming to the UK in challenge to Elon Musk’s Starlink January 6, 2025 Amazon has announced its plans to enter the UK’s broadband market, intensifying its long-standing rivalry with tech tycoon competitor Elon Musk and his satellite internet constellation, Starlink. Through its Project Kuiper initiative, the tech giant revealed its intentions to provide high-speed internet to homes, businesses and government customers across the UK. The move, which was [...]
UK funding for AI startups surges but still lags behind US January 6, 2025 AI startups captured 25 per cent of all UK venture capital funding in 2024, totalling $15.9bn (£12.8bn) – a sharp rise from $3.1bn (£2.5bn) four years ago. Balderton Capital’s latest data shows that 2024 was the second best year on record for AI investment in the UK. The sector’s value has more than doubled in [...]
Monzo, Open AI, Revolut and Klarna: The IPOs to watch out for in 2025 January 3, 2025 While economic uncertainty prompted a cautious approach to IPOs in 2025, several high-profile companies are preparing to float in 2025. From leading fintechs such as Monzo, Revolut, and Klarna to global giants such as OpenAI and SpaceX, some of the most exciting growth companies in recent years could IPO this year. Here is a look [...]
Nick Clegg replaced at Meta by Republican pick before Trump re-enters White House January 3, 2025 Former UK deputy prime minister Sir Nick Clegg has quit as Meta’s president of global affairs, being replaced by a key Republican voice, Joel Kaplan. The former leader of the Liberal Democrats announced he was leaving on LinkedIn and Facebook, saying that his tenure at the tech giant has been an “adventure of a lifetime”. [...]
Tesla: Elon Musk’s EV giant’s sales disappoint with first fall in a decade January 2, 2025 Elon Musk’s EV giant Tesla disappointed with its earnings report today, with its first fall in annual deliveries for over a decade. The electric car behemoth, which has been in the news in the last 24-hours after a vehicles exploded in the US outside a Donald Trump-owned hotel, delivered 1.70 million electric vehicles (EVs) in [...]
