Three hacks for becoming the Leicester City of sport business November 1, 2024 Rooting for underdogs is a national characteristic we need to nurture – and not just on the field, argues Alejandro Scannapieco of digital transformation company Sportian. Everyone loves an underdog, particularly in sport. Whether it’s Emma Raducanu winning the US Open or Leicester City’s historic Premier League title, moments when great odds are overturned in [...]
Wirecard critics shut down hedge fund November 1, 2024 A hedge fund run by the analysts that spotted potential fraud at German payments firm Wirecard years before its collapse have closed their fund due to its small size, City AM can reveal. Neil Campling and Toby Clothier, founders and managers of the Chameleon Global Master fund, have returned cash to investors and closed the [...]
Adsure Services PLC November 1, 2024 Adsure Services PLC is the holding company for TIAA Limited, a specialist business assurance provider operating across the Housing, Healthcare, Government, Education, Charities, and other sectors. The Group offers a wide range of services through its two operational divisions, Risk & Assurance and Risk & Advisory. TIAA Limited has been providing business assurance services for [...]
Amazon shares soar as it shatters Wall Street forecasts November 1, 2024 Amazon’s shares jumped over six per cent in after-hours trading after the e-commerce giant breezed past third quarter expectations. The boost from investors would lift the Seattle-headquartered company’s market cap, which currently stands at $1.95t, beyond the $2t mark. It posted quarterly revenue of $158.9bn (£123.3bn), beating analyst predictions of $157.2bn (£121.9bn), and a year [...]
AI-powered law must make justice fair and equal for all November 1, 2024 AI will make legal services more accessible and affordable but it cannot take the place of legal advice or personal relationships and professional interactions, says Richard Atkinson The legal landscape is changing with artificial intelligence (AI) front and centre. There has been exponential growth and increasing momentum in AI technologies. These advancements have remarkable potential [...]
AI is about to go nuclear – so the UK needs to, too October 31, 2024 As the artificial intelligence (AI) industry hurtles headlong towards what can only be described as nuclear-level growth, the UK needs a matching energy source to keep up. But data centres, responsible for powering the floods of new generative AI models and applications, rely on vast, consistent energy supplies to keep their servers ticking. According to [...]
Game developer targets London for dual listing to expand Western reach October 31, 2024 Winking Studios, a Singapore-based game development giant, has announced plans to list on the London Stock Exchange’s AIM market, as it looks to strengthen its foothold in Western markets. Already listed on Singapore’s Catalist board, Winking says the dual listing will allow it to tap into the UK’s capital-rich tech investor pool and drive growth [...]
Microsoft and Meta stocks slip as investors demand more October 31, 2024 Microsoft and Meta stocks have tumbled in after-hours trading despite both tech giants posting better-than-expected results yesterday. Microsoft reported a 16 per cent revenue increase to $65.6bn (£50.5bn) against a forecasted $64.5bn (£49.7bn), fuelled by its cloud services which grew by 33 per cent. Earnings per share (EPS) came in at $3.30 (£2.54), easily beating [...]
Google: AI investment pays off as cloud drives revenue growth October 30, 2024 Google’s parent company, Alphabet, reported increased revenue in the third quarter due to its strong performance in its Google Cloud division. In its third-quarter trading update, the company posted revenue of $88.3bn (£67.8bn), a 15 per cent increase from the second-quarter. However, growth at the firm’s core advertising business lagged the wider group. The total [...]
Keeping a check on AI Oliver Wyman’s CEO highlights the pitfalls of regulating AI October 29, 2024 AI leaders gathered in Riyadh in September for the Global AI Summit (GAIN). Hosted by the Saudi Data & Artificial Intelligence Authority, GAIN 2024 explored themes such as generative AI, AI in urban life and the ethical governance of AI. Nick Studer, president and CEO of Oliver Wyman, who spoke on ‘AI governance in an interconnected [...]