CMA invites comments on Microsoft and OpenAI partnership impacting UK’s competition December 8, 2023 The CMA is inviting comments on whether the partnership between Microsoft and OpenAI has "resulted in a relevant merger situation".
The debt pile at Capita is coming down after a mass sell-off. But is it out of the woods? December 8, 2023 Capita has completed its plan to sell off all of its non-core businesses to work down its debt. But has it done enough to please investors?
Liberis secures £89m on mission to close global SME funding gap December 7, 2023 London-based fintech Liberis has secured $112m (£89m) from HSBC Innovation Banking and BCI Capital, furthering its mission of closing the global small business funding gap. The financing will help the small business-focused finance firm to further its growth across Europe and North America, providing businesses with more flexible finance options. Liberis chief executive, Rob Straathof, [...]
Google releases new AI model Gemini – but not in the UK December 6, 2023 Google has unveiled its latest AI model, Gemini, but it must get regulatory approval before it becomes available in the UK.
Debate: should we use age verification tech for pornography? December 6, 2023 This week, the media regulator caused quite a stir when they suggested anyone who watches porn could have to have their faces scanned to prove their age. Draft guidance from Ofcom has set out a number of ways to stop kids watching adult content, and one of them is to do age checks via AI [...]
Musk eyes $1bn for startup xAI as he seeks to expand tech empire December 6, 2023 Musk is hoping to raise $1bn (£0.8bn) in equity for his artificial intelligence (AI) model xAI, according to the US securities regulator.
Legal industry regulators under the scope at justice select committee December 6, 2023 The regulator of the legal sector was under the microscope Tuesday at a House of Commons justice select committee, over potential industry payouts over Axiom Ince. Solicitors Regulation Authority (SRA) chair Anna Bradley and chief executive Paul Philip were amongst those called to give evidence on the regulation of the legal profession and whether existing [...]
Money Money Money: firm behind ABBA Voyage revenue soars thanks to new tech December 5, 2023 Oxford Metrics, the firm and technology behind London's hit ABBA Voyage show, has posted record revenue for its full year,
Moonpig: video and audio cards drive more orders December 5, 2023 Moonpig Group has said its technological innovations are driving more orders as customers now want audio and video cards.
Saudi-owned Champions League, obesity crisis and EU wealth tax: Danish bank’s ‘outrageous’ 2024 predictions December 5, 2023 Saxo Bank has published the latest in an annual series of "outrageous predictions" for next year, including a global Champions League owned by Saudi Arabia, a health crisis triggered by obesity drugs and a two per cent EU wealth tax.