Pearson profits soars over 50 per cent as AI strategy pays off July 31, 2023 Pearson has posted a strong first half of the year after it has started to embrace Artificial Intelligence in May. The London-based publisher said on Monday that it achieved a 56 per cent increase headline growth, with its adjusted operating profit up to £250m. The listed firm also said there had been 44 per cent [...]
What ethical guard-rails does generative AI need? July 29, 2023 As AI becomes integrated into our lives, it is crucial that we establish foundational ethical principles, says Bryan Tan of Reed Smith.
Worldcoin falls under scrutiny of UK data watchdog July 28, 2023 The UK's data watchdog is set for a showdown with iris-scanning cryptocurrency platform Worldcoin over its launch in London.
Elon Musk and Worldcoin only prove that marketing seems more powerful than education July 28, 2023 A bleary-eyed Jason Deane takes a couple of paracetamol and dons his shades to ponder one very crazy week in crypto.
Can the supermarkets ever overcome accusations of profiteering? July 28, 2023 Food producers are unwilling to pass on price drops as they battle oscillating and chaotic costs for supplies that they have little control over.
Samsung profits tank 95 per cent as chip demand dwindles July 27, 2023 Samsung experienced a 95 per cent plunge in profit during their second quarter, causing shares to drop over three per cent on Thursday. The Korean electronics company reported an operating profit of 670bn Korean won (£407m) for the three months ending 30 June, its lowest in 14 years, and significantly down from the 14.1t (£8.5bn) [...]
Bitget to host EmpowerX summit with Web3 industry leaders July 27, 2023 Crypto trading platform Bitget has announced the upcoming EmpowerX Summit, scheduled to take place on September 12 in Singapore.
Bitcoin offers muted response to interest rate hike July 27, 2023 Bitcoin was trading close to $29.5k - up by around one per cent on yesterday, while Ethereum’s Ether is in the green by 1.1%.
Ocado Solutions: Grocery giant’s tech solutions division chief is retiring July 27, 2023 The chief of Ocado’s technology solutions division will retire in September, leaving a new man at the top of the occasionally embattled firm’s most vital division. Luke Jensen will quit the role of executive director and CEO of Ocado Solutions, with John Martin, currently a non-executive director, made the new chief executive. This comes as [...]
Google and Microsoft AI showdown continues July 26, 2023 After Microsoft and Google’s parent company, Alphabet, reported better-than-expected results yesterday, analysts say the race to dominate the burgeoning AI field is moving quickly. Alphabet’s robust performance saw a 3.3 per cent surge in ad revenue, as search revenue hit $42.63bn (£32.98bn), causing shares to climb six per cent on Wednesday. Despite the market applause, [...]