Fintech won’t be derailed by recessions – but it still needs strong regulation to thrive March 2, 2023 Fintech will survive the current economic challenges - it always does. But in order to reach it full potential, it needs strong compliance and regulation to ensure trust, writes Dima Kats
MultiversX aims to reimagine digital world with launch of new xPortal ‘super app’ February 28, 2023 MultiversX Labs has announced what it describes as 'a pivotal moment in the evolution of digital finance and the Metaverse' with the launch of its 'xPortal Super App'.
We must invest in robotics technology because, right now, the UK isn’t anywhere near the podium February 28, 2023 Lord Holmes has tabled an amendment to the Levelling Up and Regeneration Bill calling on the government to take robotics more seriously.
Microsoft knows ChatGPT won’t crash and burn like previous AI technologies February 28, 2023 Microsoft is being smart about ChatGPT. It has recognised the invaluable potential of this technology, but it's being cautious with how it incorporates it into its products. This is a wise approach, writes Howard Yu
The Notebook: Andy Silvester on the City’s ecosystem, a cricket charity and ‘no bullsh*t’ books February 28, 2023 As a child, I was fascinated by trains – not necessarily how diesel engines worked, but how the various moving parts of a train system worked together. Alas, the space limits of a terraced house in south London meant that my dream to build an entire train set across the top floor were thwarted. The [...]
Monzo and Wise founders back £8.8m Robin AI robot lawyer project February 27, 2023 A City computing company has raised $10.5m (£8.8m) from backers including top execs from Magic Circle law firm Clifford Chance to develop an artificial intelligence (AI) driven, robot lawyer. The founders of fintech firms Monzo and Wise have also thrown their weight behind London’s Robin AI, which is seeking to disrupt the legal sector with [...]
Intel slashes dividends by two-thirds in wake of falling revenue February 23, 2023 Intel has been forced to slash its dividends with its shareholders by nearly two-thirds as the tech giant attempts to hold on to funds in the wake of falling revenue. According to a report in the Financial Times, the chipmaker is now set to give a small quarterly payout of 12.5 cents down from the [...]
WPP shares soar as ad giant defies fears of marketing slowdown February 23, 2023 London-based communications and advertising firm WPP has seen its shares soar over five per cent this morning after the group posted stellar earnings for 2022. The firm saw its revenues soar 13 per cent to £14.4bn in 2022, up from £12.8bn in the same period last year, assuaging fears that companies would pull back marketing spending [...]
Explainer: Why Tony Blair and William Hague are calling for digital ID cards February 22, 2023 There are rare instances where the political divide narrows and people of opposite political colours come together and agree. Today is one of those days, as Tony Blair and William Hague join forces to urge the government to introduce digital ID. Blair and Hague are old-time frenemies. They faced each other at the ballot box [...]
Sports clubs defy the normal rules of markets and won’t bend to a football watchdog February 22, 2023 Popularity of sports club is driven by their performance on the field, not by their financials. The very best efforts of a football regulator wouldn’t be able to change the way cultural markets work, writes Paul Ormerod.