London takes global tech capital crown from New York May 25, 2023 London has been ranked as the world’s most high-tech city snatching the top spot from New York, according to new research shared exclusively with City A.M. The capital scored top marks for its world-leading financial services, deep talent pool as well as the quality of its business environment and international reputation, according to Z/Yen Group’s [...]
Bitcoin returns to a holding pattern as crypto markets pull back from this week’s gains May 24, 2023 Bitcoin couldn’t hold support at $27k, dipping 2% in the last 24 hours and starting today back below this key level.
London AI firm bags $250m injection led by Qatari sovereign wealth fund May 23, 2023 A London-based artificial intelligence firm has announced a $250m cash injection led by the Qatari sovereign wealth fund today as investors rush to capitalise on a boom in AI technology.
Bitcoin sparks into life after a week of stagnation in crypto markets May 23, 2023 Bitcoin is up 1.7% since yesterday and trading above $27k as BTC spot trading volumes surged by almost 40%.
Google boss Sundar Pichai warns AI is ‘too important not to regulate’ May 23, 2023 Artificial Intelligence (AI) is too important not to regulate and the US and EU must work together to develop “robust” rules to guide the growth of the powerful new technology, Alphabet’s boss Sundar Pichai said today.
History shows AI will create more jobs than it destroys, Deutsche Bank analysts argue May 22, 2023 Analysts at Deutsche Bank have become the latest experts to argue that AI will create more jobs than it destroys. In a note examining the history of technological advancement, Deutsche Bank’s Henry Allen and Jim Reid investigate the historical response to technological breakthroughs. Looking at long-term unemployment data, the analysts point out that changes in [...]
Slow start to the crypto week as markets await signals May 22, 2023 The price of Bitcoin was around $26.8k this morning, while Ethereum remains unchanged from yesterday at around $1.8k.
The Notebook: Symphony CEO Brad Levy on getting clear on Whatsapp, Revolut’s regulatory woes and using AI May 22, 2023 The Notebook is a daily column where interesting people say interesting things. Today, CEO of Symphony Brad Levy writes ahead of Symphony Innovate conference on 23 May. Message received: Time for UK banks to get clear on Whatsapp In the last year, multiple banks in the US have paid a high price for staff use [...]
Explainer: How Rishi Sunak is trying to strike a balance on AI regulation May 19, 2023 World leaders’ meetings like the G7, taking place in Japan right now, are not only about cringy photo ops and bilateral diplomatic statements. They’re also an opportunity for politicians to set out strategies and deliver messages to their foreign counterparts and their own domestic audience. Rishi Sunak has proven a sleek player on the foreign [...]
Bitcoin wallet address milestone is something to smile about May 19, 2023 Not in Miami, Jason Deane rounds up the week as he highlights what's going well for Bitcoin and not so well for Vladimir Putin.