As social media gives way to biotech, an era of ultra young billionaires might be over August 10, 2023 From Larry Page to Jeff Bezos, the billionaires of yesteryear were masters of timing. For the new generation it's harder to make that kind of money, but easier to make an impact, writes Leon Emirali
AI helps airlines reduce contrails by 50 per cent, new study reveals August 9, 2023 An exciting new study has shown that artificial intelligence can help airlines reduce contrails - the white vapour trails seen behind planes - by as much as 50 per cent.
John Lewis hires Google Cloud to supercharge digital revamp in £100m deal August 9, 2023 John Lewis is trying to get back on its feet by partnering with Google to drive its digital revamp, and shift away from high-street reliance. Valued at £100m, the partnership aims to improve the efficiency of John Lewis and Waitrose employees, enabling them to provide a better customer experience. Struggling high street favourite John Lewis [...]
Softbank reports mixed quarter as it ‘timidly’ restarts investment August 8, 2023 Japan’s Softbank Group posted a surprise loss but said it was dipping its toes back into new investments after its Vision Fund unit returned to the black for the first time in six quarters. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June period, helped by [...]
Tech bosses and finance CEOs are using holograms to be in two places at once August 8, 2023 C-suite execs have started using holograms powered by artificial intelligence to attend board meetings and events while remaining physically in other locations – for as much as £35,000. Mike Blackman, the managing director of Integrated Systems Europe, an annual audiovisual conference, was one of the first to test the technology. While at a conference in [...]
Unlocking what makes AI tick – part one August 4, 2023 Dr Chris Kacher with part one of his epic overview on how artificial intelligence works, and its future within blockchain technology.
WPP profits tumble 51 per cent as advertising giant shifts focus to AI plans August 4, 2023 The world’s biggest advertising firm WPP reported a “resilient” performance in the first half of the year despite plunging profits as they start to build out AI plans. WPP reported profit before tax for the first half of 2023 dropped 51 per cent to £204m, compared to £419m compared to the first half of 2022. [...]
London Stock Exchange: Buybacks to sweeten shareholders despite profit fall August 3, 2023 The London Stock Exchange Group expects to hand out as much as £750m to shareholders in buybacks by next April.
Even Farage agrees anti-money laundering laws are weapons of mass distraction August 2, 2023 Sweeping laws push the burden on to businesses and ultimately consumers, who end up accidentally caught as collateral damage of anti-money laundering laws, writes John Binns.
Meta to launch AI-powered chatbots in a bid to cling on to users August 1, 2023 Meta, the parent company of Facebook, is reportedly gearing up to deploy a squadron of artificial intelligence-powered chatbots, each with their own distinctive personalities, in an effort to cling on to its users who have been dwindling lately. Meta has been crafting prototypes for these chatbots, aptly named “personas”, the Financial Times reported today, citing [...]