Top dogs: 37 of the hottest startups to watch right now January 25, 2017 Nearly 40 UK tech startups have been branded "ones to watch" and will be mentored by top entrepreneurs, founders and investors to get them scaling up to become tech giants. A startup which lets wannabe pet owners borrow other people's dogs, BorrowMyDoggy, and an innovative mapping company which just landed backing from Daimler, What3Words, are [...]
Hedge funds struggle against equities as investors look for stability rather than outsized returns January 24, 2017 Hedge funds struggled to keep pace with equity markets over the course of 2016, with an average return significantly lower than benchmark indices. Average hedge fund returns for 2016 hit 7.4 per cent over the course of 2016, according to data from Preqin and the Alternative Investment Management Association (Aima). That performance was the highest [...]
Want to skip congestion? Airbus is working on it with its flying car prototype January 17, 2017 Gridlocked roads and congestion might be a signature of busy cities, but Airbus hopes it'll have a way to circumvent that – sooner rather than later. The aerospace giant has said it's got plans to test a prototype of a self-piloted flying car by the end of the year. It got the wheels – or wings [...]
South Korea’s prosecutors are seeking a warrant to arrest Samsung’s chief executive January 16, 2017 The chief executive of Samsung has been accused of bribing a friend of President Park Geun-hye, and today South Korea's special prosecutor's office said it is seeking a warrant to his arrest. Jay Y. Lee was questioned for 22 hours last week as prosecutors looked into a corruption scandal that revolved around Choi Soon-sil, a friend of the [...]
Alternative lending’s leading founders and chief executives give their predictions for the sector in 2017 January 12, 2017 The road was slightly bumpy for alternative lenders last year. Authorisations for the Innovative Finance Isa were delayed, there was further Financial Conduct Authority (FCA) probing, disappointing results hounded a good handful of the UK’s largest platforms and Goldman Sachs made its foray into the market with in-house platform Marcus. But provided the regulator continues [...]
Artificial intelligence and robots are one of the biggest technological risks to the world January 11, 2017 Artificial intelligence and robotics are one of the biggest potential risks to humankind of emerging technologies, according to a new report from the World Economic Forum. But, the development of such technology, which is expected to disrupt everything from the world of work to geopolitics, could also conversely bring the biggest benefits to the world. [...]
The spy who accelerated me: Meet the 7 startups fighting cybercrime with GCHQ January 11, 2017 Britain’s spymasters have selected seven startups to work “behind the wire” with the intelligence service in a bid to fight the growing threat of cyber attacks against UK business. A digital identification system which is secured via cryptographic technology and a system which uses neural networks to protect banks from being hacked are just two of [...]
City Moves for 9 January 2017 | Who’s switching jobs January 9, 2017 Scottish Friendly Scottish Friendly, Scotland’s biggest financial mutual, has appointed Neil Lovatt to its board as commercial director. Neil was previously Scottish Friendly’s sales and marketing director, a position he held for a decade, after 14 years of marketing experience at Scottish Life and Royal London. As commercial director, Neil will play a key role in the [...]
Londoners can now use an AI chatbot instead of the NHS 111 number January 5, 2017 Londoners in some areas of the capital will now be able to turn to a chatbot for health advice from the NHS with a new smartphone app powered by artificial intelligence. London startup Babylon Health has partnered with one of the capital's NHS Trusts for a six month trial of the technology which is being pitched as an alternative to [...]
Is your business ready to cheat Stephen Hawking’s AI prediction? January 5, 2017 Scientist Stephen Hawking: Artificial intelligence research crucial to the human race. Maybe so, but not this year. We are, however, going to witness another step change in the way we do business. Artificial intelligence (AI), big data and the internet of things will move along the hype curve and become everyday life. Game-changing bots will [...]