Elon Musk’s ambition for the future of digital payments September 16, 2023 Jonny Fry takes a look through what he believes are Elon Musk's plans for 'X' and digital assets - game-changer, or a new game altogether?
Arm maintaining its lofty US valuation will be indicator for London IPO revival September 15, 2023 Shares in Softbank’s Arm have taken flight, surging nearly 25 per cent above their Nasdaq debut price, marking a triumphant return to the public markets after a seven-year hiatus for the chip designer. A loud reception has bolstered market experts’ optimism for beleaguered IPOs, which has faced substantial headaches in recent years, such as rising [...]
Bitcoin’s usual September slump is still catching the odd wave of positivity September 15, 2023 Jason Deane looks back over the crypto week and assesses how Bitcoin is coping in the traditional September slump.
Arm shares soar on debut with hopes rising float could kick off IPO revival September 15, 2023 The Cambridge chipmaker's IPO has bankers hoping the moribund float market may finally be opening up again
Gousto eyes return to profit after slashing jobs in the wake of post-pandemic losses September 14, 2023 Gousto, the recipe box delivery service, has said it is on track to return to profit this year, following a year of losses fuelled by soaring inflation and economic headwinds. But losses for the business, whose backers include wellness guru Joe Wicks, widened to £157.6m in 2022, against £19.9m a year earlier, blamed on spiralling [...]
Bitcoin and Ethereum push on as another asset manager joins ETF race September 14, 2023 Bitcoin is up 1.5% in the last day, trading above the key $26k level this morning while Ethereum (ETH) is up 2.3%.
Opportunity and risk: why we need ethical accountability in the adoption of AI systems September 14, 2023 We know AI is going to change our world. What we are less sure of is exactly how that change is going to manifest itself. Already, AI-infused innovation has markedly changed our daily lives; think of the facial recognition technology that allows us to unlock our phones, or the map apps that prevent us from [...]
Rolls-Royce AI lead replaces Sir Patrick Vallance as national technology adviser September 14, 2023 A former Rolls-Royce technology officer who led on AI is set to replace Sir Patrick Vallance as the government’s national technology adviser. Dr Dave Smith, previously managing director of the software firm Roke that developed Hawkeye, will work on integrating academic and industry expertise with the government. Dr Smith told City A.M. he wanted to [...]
StabilityAI: New AI music tool won’t wipe out musicians September 14, 2023 London artificial intelligence outfit Stability dismissed suggestions it will wipe out some creative jobs yesterday as it rolled out a new tool to allow users to create music via AI. Notting Hill Gate-headquartered Stability AI, which was valued at $1bn last August in a $101m funding round, yesterday launched its Stable Audio product which allows [...]
Crypto AM Summit and Awards open for entries September 13, 2023 The prestigious ceremony, preceded by a gala dinner, is regarded as one of the premier awards events in the crypto and blockchain calendar.