Judges announced for next month’s Crypto AM Awards 2021 August 25, 2021 Introducing the judges for September's Crypto AM Awards 2021.
Babcock teams up with encryption tech firm to boost unmanned vehicle and AI capabilities August 24, 2021 Defence giant Babcock said today it is has formed a partnership with quantum encryption technology Arqit to jointly test and experiment with a range of use case scenarios and practical applications for government and defence customers to demonstrate the encryption capabilities. Testing will include planned participation in a number of UK Government funded projects. Specific projects of focus include [...]
Former Amazon vice president poached for Ocado board August 24, 2021 Online retailer Ocado has poached a former Amazon vice president and robotics expert for its board, as the supermarket looks to broaden its market share. Incoming independent non-executive director and board veteran, Nadia Shouraboura, is set to join Ocado at the turn of September. Shares lifted 2.43 per cent by the afternoon, taking the group’s [...]
Baidu-backed AI voice assistant firm Xiaodu racks up $5.1bn valuation August 24, 2021 Chinese tech giant Baidu has confirmed its artificial intelligence voice assistant firm Xiaodu Technology has racked up an eyewatering $5.1bn valuation today. Following the artificial intelligence (AI) firm’s Series B fundraiser, Baidu will remain a majority shareholder. The lofty valuation comes in amid a local regulatory clampdown, spearheaded by Beijing, which has locked eyes on [...]
Bitcoin stalls at $50k as Cardano continues march August 24, 2021 After a big weekend, Bitcoin yesterday hit a wall at the psychologically-important $50k resistance level.
Imagination Technologies cashes in on chip demand amid China tech row August 24, 2021 British semiconductor firm Imagination Technologies has posted a surge in revenue as a raging global chip shortage helped boost demand for its products. The company, which is based in Hertfordshire but owned by a Chinese private equity fund, reported a 55 per cent rise in revenue to $76m (£55m) in the first half of the [...]
Imagination Technologies cashes in on chip demand amid China tech row : CityAM August 24, 2021 British semiconductor firm Imagination Technologies has posted a surge in revenue as a raging global chip shortage helped boost demand for its products. The company, which is based in Hertfordshire but owned by a Chinese private equity fund, reported a 55 per cent rise in revenue to $76m (£55m) in the first half of the [...]
Samsung to invest $200bn over three years in post-pandemic push August 24, 2021 Samsung is set to invest 240 trillion won ($206bn) by the end of 2023 in an effort to expand its biopharmaceuticals, AI, semiconductors and robotics offerings in the post-pandemic era. The South Korean tech giant said the investment will help strengthen its global standing in key industries such as chipmaking while allowing it to seek [...]
Bitcoin smashes through $50k, but Cardano steals limelight as it looks to break $3 August 23, 2021 The price of Bitcoin has shot above $50,000 for the first time in three months, as the crypto markets continue to recover after their recent malaise.
WPP snaps up delivery tech firm Satalia in AI push August 23, 2021 WPP has snapped up a London-based tech firm specialising in home delivery services in a move that will boost the ad giant’s artificial intelligence offering. The FTSE media group today said it had acquired Satalia, which is one of the UK’s fastest-growing tech companies and serves major clients such as BT, Tesco and Unilever. Following [...]