Microsoft says it will sell artificial intelligence and other technology to US military October 27, 2018 Microsoft has announced plans to sell artificial intelligence to the US military, along with any other technology they need "to build a strong defence". It comes just months after Google told the Pentagon it would not sell technology products that could be used for weapons. The debate about AI use in the military comes as [...]
Don’t let national security fears risk closing Britain for business October 26, 2018 The UK government’s National Security and Investment consultation, which closed last week, has an aim that is not just laudable, but essential. The government is seeking to protect vital national assets, whether emerging technology or critical infrastructure, from falling into the wrong hands – from organised crime groups to rogue states to certain major powers. [...]
What entrepreneurs want Philip Hammond to announce in the Autumn Budget October 25, 2018 At the Conservative party conference earlier this month, chancellor Philip Hammond announced £20m of investment in business networks “to enable small businesses to learn from each other and from world-leading firms”. He also recognised the need for mentoring and management training for small and medium-sized enterprises, pledging another £11m to help 10,000 businesses by 2025, [...]
St James’s Place shares slump despite £100bn funds under management October 23, 2018 Shares in wealth manager St James's Place slumped this morning despite the revelation that the company had hit a record breaking £100bn in funds under management. The firm announced that assets under management rose to £100.6bn, up 11 per cent since the beginning of the year, however shares slipped 4.6 per cent on news of slower quarterly growth. [...]
Serious Fraud Office presses for criminal charges to be reinstated against Barclays October 22, 2018 The Serious Fraud Office (SFO) is pressing to get criminal charges reinstated against Barclays related to its capital raising arrangements at the height of the financial crisis. The high street bank and four former executives were charged with conspiracy to commit fraud and the provision of unlawful financial assistance in 2017, connected to a deal [...]
Tech giant Alibaba opens two cloud data centres in the UK October 22, 2018 E-commerce giant Alibaba's cloud arm has opened two data centres in London, signalling the firm's first official expansion to British shores. The centres will power Alibaba's cloud services in the UK, allowing it to effectively disseminate its services to British businesses as it seeks to compete with rivals Amazon Web Services, Google and Microsoft. The [...]
Ex-Barclays wealth management boss says all banks will use artificial intelligence in next five years October 18, 2018 All banks will use artificial intelligence (AI) in the next five years, according to former Barclays wealth management boss Akshaya Bhargava, as institutions prepare for the $30 trillion (£28 trillion) "great wealth transfer" from baby boomers to millennials. Bhargava, who set up AI fintech platform Bridgeweave after leaving the British bank two years ago, said financial [...]
DEBATE: Will banning NDAs in harassment cases stop victims agreeing confidential deals with employers? October 16, 2018 Will banning NDAs in harassment cases stop victims agreeing confidential deals with employers? John Oxley, a barrister at Vardags, says YES. The prohibition of NDAs will stop companies from quietly hushing up the unpleasant and sometimes criminal behaviour of predatory employees. It may also, however, stop that behaviour from coming to light in the first [...]
UK foils more than 10 cyber attacks per week, says GCHQ October 16, 2018 The UK has faced more than 10 cyber attacks per week on average in the last two years, the National Cyber Security Centre (NCSC) today revealed, with most coming from “hostile” nation states. Since it became operational in 2016, GCHQ’s cyber crime defence centre has been forced to defend Britain against 1,167 threats, 557 of which [...]
Crypto A.M. shines its spotlight on Sensify October 16, 2018 Sensify, a UK based company, has developed an Internet of Things software platform for connecting any type of IoT asset. The platform allows the customer to track, trace, monitor, verify and secure its assets in real time. Assets that can connect to the platform include RFID, sensors, telematics devices, inventory and machinery. The IoT market [...]