Nvidia shares plunge: Are investors on the edge of ‘AI apathy’? September 4, 2024 Analysts are asking if we are at “peak Nvidia” or if the latest selloff is simply a healthy correction in an overheated market. Shares in Nvidia, the poster child for AI, plunged nearly 10 per cent on Tuesday, wiping out $279bn of value—the largest single-day loss ever recorded for a US stock. Since 19 August, [...]
CMA clears Microsoft and Inflection AI partnership after merger ruling September 4, 2024 Britain’s competition regulator has today cleared Microsoft’s arrangements with Inflection AI, which included a licensing deal and the hiring of former Inflection employees. The Competition and Markets Authority (CMA) announced in April it was looking at three separate deals that potentially fall under UK merger law and, if so, whether they could have a harmful [...]
Apple has ‘significant concerns’ over CMA probe into its Safari mobile browser September 4, 2024 Apple said it has “significant concerns” with the UK competition watchdog investigation into the supply of mobile browsers. In 2022, the Competition and Markets Authority (CMA) launched a probe into the dominance of Apple’s Safari browser and Google’s Chrome browser, along with the possibility that Apple may be restricting the cloud gaming market through its [...]
Wall Street carnage continues as Nvidia leads US tech selloff September 4, 2024 A wave of panic selling hit Wall Street on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all suffering their steepest daily percentage declines since early August. The carnage was widespread, with nine of the 11 sectors within the S&P 500 sinking into the red, led by sharp declines in technology, [...]
Porsche 911 European RS by Thornley Kelham 2024 review September 2, 2024 Hal Water had always dreamed of designing his perfect Porsche 911. So, when lockdown forced the retired architect to stay at home, he eagerly set to work. The exhaustive, 33-page specification Walter emailed to Thornley Kelham nailed down every detail, from the car’s gear ratios to its wiper and indicator stalks. Now, after 6,000 hours [...]
Big Talk Studios: Bumper year for ITV-owned The Outlaws maker September 2, 2024 Revenue and profit both surged at Big Talk Studios, which helped make the likes of Shaun of the Dead and Hot Fuzz, during 2023. The business, which was founded by Nira Park in 1994, led by CEO Kenton Allen since 2008 and acquired by ITV Studios in 2013, has reported a revenue of £35.7m for the 12 [...]
Booking.com boss bemoans ‘lack of common sense’ in Brussels September 1, 2024 Booking.com has been designated a "gatekeeper" by the European Commission, a label for companies that have potentially damagingly high market share.
Curing cancer and cleaning our oceans? Here’s why I’m betting on biotech September 1, 2024 Something that can cure cancer and clean our oceans? Biotech sounds too good to be true, but some things really are just like magic, writes Andrew Craig.
Strange dreams: Lessons from the life of Paul Simon August 29, 2024 An essay on what I have absorbed over a lifetime listening to Paul Simon What do you need to make a musical career? I’d say it comes down to one thing: a talent for immediacy. If you don’t have it, the chances are you’ll lose out to someone who does. I remember when I first [...]
Venice Film Festival: An insider’s guide to all the gossip, parties and deals August 27, 2024 The 81st Venice Film Festival kicks off tomorrow and it’s set to continue its legacy as a hotbed of dealmakers, party goers and luxury brand sponsorship. Our man on the inside gives the lowdown on what to expect this time around. “The Ghost with the Most is Back” proclaim the Venetian billboards for Tim Burton’s [...]