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.
The liar’s dividend of deepfake tech means we don’t trust what we can see February 21, 2023 Deepfake videos featuring everyone from Barack Obama to Tom Cruise are everywhere on social media. They could be fun memes - or they could be dangerous disinformation, writes Elena Siniscalco
A British Silicon Valley won’t happen with wishful thinking February 21, 2023 Jeremy Hunt wants Britain to be the next Silicon Valley, but the one organisation which might’ve made it true has lost its government funding, the soon-to-be former CEO of Tech Nation gives his experience on a transformation made of nothing but hard work.
Analysis: Fintechs need to get back to basics and forget the flashy stuff February 20, 2023 Fintech firms in the UK have long driven new products trying to change the game in financial services, but as investment dries up in the face of a recession, they need to go back to basics, writes Lyle Wraxall.
The principle of crypto is amazing, declares Hollywood superstar Keanu Reeves February 17, 2023 The Matrix star Keanu Reeves says he believes in crypto, branding the principles underpinning it as 'amazing'.
ChatGPT might’ve broken the internet – and it could also own anything you create with it February 17, 2023 You could even get sued for defamation for information created by ChatGPT.