‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
Intel to probe results hack as chip demand lifts revenue January 22, 2021 Intel is investigating reports that financially sensitive information was stolen from its website last night in a hack that forced the chipmaker to release its quarterly results early. Chief financial officer George Davis told the Financial Times that a graphic in its financial report had been stolen by a hacker. “Once we became aware of [...]
A 21st century Big Bang 2.0 won’t look like the eighties – but it’s worth pursuing January 20, 2021 UK financial services can unlock a new phase of growth by taking a lead on sustainability, digital innovation and governance, and redefining ‘Big Bang’ to be far more than simply deregulating markets. Chancellor Rishi Sunak spoke of the City’s “perfect platform” for a post-Brexit “Big Bang” last week but remained equivocal on how the new [...]
British chipmaker IQE pulls in record revenue amid bumper demand January 20, 2021 British chipmaker IQE secured a record revenue performance last year amid soaring global demand for its technology. The London-listed firm, which makes components for chips used in Apple products, said full-year revenue would come in at roughly £178m. This is in line with its previous guidance of at least £170m and marks year-on-year growth of [...]
Vodafone secures share of £30m government funding to develop remotely-operated drones January 19, 2021 A consortium of 16 companies including Vodafone has won a share of £30m in government funding to develop remotely-operated drones that could be used to test nuclear sites across the UK. The project, led by sees.ai — a tech company specialising in command and control systems for drones — will explore whether operators based in [...]
Crypto AM shines its Spotlight on Trade the Chain January 15, 2021 Trade like a crypto insider: Trade the Chain combines the power of AI-driven sentiment indicators and actionable, real time alerts, and an expansive knowledge base with a global community of traders to help people make more informed trading decisions Hedge funds and other large financial institutions have long been able to make massive profits on [...]
Blue Prism enjoys fifth year of revenue growth despite pandemic downturn January 14, 2021 Automation specialist Blue Prism has enjoyed its fifth year of revenue growth even as businesses delayed purchases amid the pandemic. The Aim-listed firm develops Robotic Process Automation (RPA) software, which helps large companies automate complex administrative tasks. Customers responded to the pandemic by delaying purchasing decisions or reducing deal sizes which meant Blue Prism took [...]
Intel shares rise as chipmaker replaces chief executive January 13, 2021 Shares in Intel pushed higher this afternoon after the tech giant said it was replacing chief executive Bob Swan following a string of manufacturing missteps. Swan, who has held the top job for just two years, will step down on 15 February and will be replaced with Pat Gelsinger, currently chief executive of software group [...]
London health startup Cera to create 5,000 jobs in expansion drive January 13, 2021 London health startup Cera is set to hire 5,000 new employees as it looks to double its headcount this year. Cera, which uses AI to provide in-home care, said it is recruiting data scientists and analysts, software engineers, IT professionals and operational and logistical staff, as well as frontline care workers. The company said its [...]
How retail can survive in a post-Covid world January 13, 2021 This has been a momentous year for us all. The retail sector has been at the forefront of many of the changes and challenges that have arisen as a result of Covid. While physical stores have spent much of the year closed, the pandemic has driven innovation and fuelled a huge acceleration in what were [...]