American idol: Why time is running out for the old-school Chevrolet Corvette July 22, 2019 Chevrolet has spent more than 65 years refining the front-engined Corvette, and this is the star-spangled result. But ever-tightening emissions regulations, plus the imminent arrival of a new, mid-engined model – much to the consternation of the Corvette’s loyal fanbase – mean time is almost up for this iconic sports car. The UK has just [...]
Onecom bags £100m in funding as it eyes up future acquisitions July 22, 2019 UK telecoms firm Onecom has secured £100m to help fund future acquisitions as it looks to beef up its presence across the country. The independent business telecoms provider said it has raised the funds from private equity firm LDC and credit funds managed by an affiliate of US asset manager Ares. Read more: Vodafone taps [...]
Microsoft invests $1bn in OpenAI to create artificial intelligence that can solve humanity’s worst problems July 22, 2019 Microsoft is set to pour $1bn (£800m) into OpenAI to develop general artificial intelligence, effectively by turning its Azure cloud into a supercomputer. The pair have agreed a multi-year exclusive partnership to develop a supercomputer of “unprecedented scale” to train and run ever-more advanced AI software. Read more: Microsoft opens flagship London store just minutes [...]
ii view: Microsoft results put shares in the clouds July 19, 2019 By Keith Bowman from interactive investor. Technology behemoth Microsoft is now far more than Windows and Word, evidenced by latest results. Fourth-quarter results ending 30 June 2019 Revenue up 12 per cent to $33.7 billion Operating income up 20 per cent to $12.4 billion Returned $7.7 billion to shareholders Chief executive Satya Nadella said: “It was a record [...]
Israeli security firm NSO denies Whatsapp spyware can hack data from Google Cloud, iCloud and Facebook July 19, 2019 Israeli cyber security company NSO has denied telling customers that its Whatsapp-hacking spyware is capable of hacking people’s data from the servers of Apple, Google, Facebook, Amazon and Microsoft. NSO’s smartphone malware, named Pegasus, has been used by governments for a number of years to spy on specific individuals and how they use their smartphones, [...]
Britbox: BBC and ITV reveal pricing for new streaming service July 19, 2019 BBC and ITV have joined forces for a new streaming service to rival the likes of Netflix. The two broadcasters outlined their plans this morning for Britbox, a new subscription offer that would charge customers £5.99 per month. Read more: Four ways Netflix can rediscover its chill Ahead of a planned launched between October and [...]
Netflix loses its chill: Four ways the streaming giant can recover July 18, 2019 Netflix shares dropped roughly 11 per cent when Wall Street opened today, as bleary-eyed investors reacted to a disappointing set of second-quarter results. The streaming firm posted a 26 per cent rise in revenue to $4.9bn (£3.9bn), but added just 2.7m worldwide subscribers, well below its 5m forecast. Read more: Netflix to open huge UK [...]
EU fines Qualcomm €242m for ‘crushing’ 3G competitor July 18, 2019 Chipmaker Qualcomm must pay €242m for abusing its market dominance to crush a competitor in the 3G market, the EU ruled today. The European Commission said Qualcomm used its iron grip on the chip market to force Icera out of the sector in a breach of antritrust rules. Read more: Apple settles landmark $27bn legal [...]
Qualcomm braced for second EU antitrust fine July 18, 2019 US chipmaker Qualcomm is said to be facing a second fine from EU competition regulators for blocking a rival from the market more than a decade ago. The EU competition commission opened a probe into the company in 2015 for its alleged use of “predatory pricing” designed to force out UK rival Icera between 2009 [...]
Audioboom posts revenue surge as it doubles down on original podcasts July 18, 2019 Audioboom has posted a huge rise in revenue in the first six months of the year as it continues to cash in on advertising in the lucrative podcast market. The Aim-listed company reported first-half revenue of $9.8m (£7.9m), a huge increase on the $3.6m posted in the same period last year. Read more: Audioboom posts [...]