Dow Jones newswire reports false story on Google buying Apple because of ‘technical error’ October 10, 2017 Newswire firm Dow Jones was today forced to hurriedly remove false headlines published online which claimed Google was buying Apple. The firm said the headlines were published as a result of a “technical error” in a statement, but gave no further information on the cause of the problems. Pictures posted online which purport to show [...]
London fintech star Monzo is fending off one takeover offer each month October 10, 2017 Monzo, one of London’s biggest fintech success stories, is fending off a takeover offer every month as larger rivals try to get their hands on a slice of its ultra-hip clientele, its co-founder has said. Speaking on City A.M.’s Unregulated podcast, Tom Blomfield, who launched the company in April this year, said the firm has [...]
20 years since Deep Blue: Garry Kasparov on the human-machine relationship October 9, 2017 When Garry Kasparov was defeated in a game of chess by IBM’s Deep Blue in 1997, it represented more than just a PR exercise from an opportunistic computer manufacturer looking to bump its share price. For many, it signified the start of the end of human supremacy: the machines had won. Today, 20 years later, [...]
iPhones, oil and active investing: seven best investment charts of the month October 6, 2017 Taiwan tech tied to iPhone launch If history has taught investors anything, it is that the hype surrounding the latest iPhone launch by Apple usually ends up falling short of expectations. And this extends to the share prices of the many components suppliers involved in the giant’s supply chain too. In Asia, many Taiwanese technology [...]
Why cinema is doomed: The picture house may think it has weathered the storms of piracy and streaming, but the real cliff edge is still to come October 5, 2017 In April of last year, AMC, on the verge of buying out Odeon and becoming the largest cinema chain in the world, announced it was considering allowing people to use their phones during screenings. Its CEO, Adam Aron, justified this by saying, “When you tell a 22- year-old to turn off their phone, they hear [...]
Why cinema is doomed: The picture house has weathered the storm of piracy, but the real cliff edge is still to come October 5, 2017 In April of last year, AMC, on the verge of buying out Odeon and becoming the largest cinema chain in the world, announced it was considering allowing people to use their phones during screenings. Its CEO, Adam Aron, justified this by saying, “When you tell a 22- year-old to turn off their phone, they hear [...]
Dialog Semiconductor, the UK-based German chipmaker and supplier to Apple, has acquired US tech firm Silego for $306m October 5, 2017 A UK-based German chipmaker which supplies Apple has snapped up a US tech firm in a deal worth up to $306m. Dialog Semiconductor will buy California’s Silego Technology in a $276m cash deal with a further consideration of $30.4m it announced on Thursday morning. Silego makes Configurable Mixed-signal ICs (CMIC) – that is, chips which [...]
Unhappy Valley: Europe gets tough on tech giants Amazon and Apple as Margrethe Vestager sets sights on US firms’ tax deals in Europe October 5, 2017 Brussels is cracking down on Silicon Valley tech giants and their tax arrangements in Europe, leaving the door open to further action after fresh rulings against Amazon and Apple. Competition chief Margrethe Vestager indicated the European Commission (EC) will likely scrutinise more so-called sweetheart tax deals as she slapped the online retailer with a €250m [...]
DEBATE: Should we be worried about facial recognition? October 5, 2017 Should we be worried about facial recognition? Dr Tom Chatfield, and tech philosopher and author of Critical Thinking, says YES. Imagine. A super-high resolution drone camera captures ten thousand faces from a crowd in one shot; an algorithm processes and identifies over ninety per cent of them within moments; the results are cross-referenced with billions [...]
The EU is taking Ireland to court over Apple’s €13bn tax bill October 4, 2017 Brussels is taking further action in a landmark tax case involving Apple and Ireland. Europe’s competition chief Margrethe Vestager today said the European Commission is taking Ireland to court over its failure to collect a record €13bn (£11.5bn) in back taxes from Apple. The EC last year ruled that a favourable “sweetheart” deal over tax [...]