AI, diversity, and the pursuit of broadened thinking September 13, 2021 AI and the need for a diverse approach are increasingly central to corporations’ longevity DiverCity® Podcast · Insights, Intelligence and Innovation: The data and science of diversity The intersection of science and diversity is at a crucial stage. As artificial intelligence and machine learning become increasingly cemented within the financial services industry, there comes a [...]
EY to spend $2bn on improving audits after Wirecard scandal September 9, 2021 EY will invest around $2bn (£1.4bn) over three years to improve the quality of its audits after the high-profile collapse of payments company Wirecard, according to the Financial Times who first reported the news. The funding is part of a larger, and record, $10bn investment plan, announced by EY yesterday, to finance staff training and [...]
Whitehall’s patchy record on tech is letting down Britain’s innovative spirit September 3, 2021 The UK is a hub for innovation, yet the government has a patchy record when it comes to the implementation of technology. We are living in an increasingly integrated world and, at least in the realm of international trade, it is essential we have a clear strategy for areas such as the digital economy. The [...]
Whitehall’s patchy record on tech is letting down Britain’s innovative spirit – CityAM : CityAM September 3, 2021 The UK is a hub for innovation, yet the government has a patchy record when it comes to the implementation of technology. We are living in an increasingly integrated world and, at least in the realm of international trade, it is essential we have a clear strategy for areas such as the digital economy. The [...]
Databricks racks up $38bn valuation after catching fresh investor eyes September 1, 2021 Data and artificial intelligence firm Databricks has racked up an eyewatering $38bn valuation after a fresh bout of investors piled into its latest fundraiser. Databricks, which offers data platforms that business heavyweights like Shell, HSBC, T-Mobile, Rolls-Royce, Gousto, and Autotrader rely on, has been channelling its recent efforts into ‘data architecture’ or massive-scale data engineering. [...]
SoftBank-backed AI startup Peak raises $75m in second funding round in six months August 31, 2021 Manchester-based Artificial Intelligence (AI) provider Peak will expand into new global markets after raising $75m in its latest funding round, led by SoftBank’s $100bn Vision Fund Two. Peak AI, which sells its “decision intelligence” enterprise software platform to non-tech companies to help with their operations, plans to use the latest raise to double its workforce [...]
Judges announced for next month’s Crypto AM Awards 2021 August 25, 2021 Introducing the judges for September's Crypto AM Awards 2021.
Babcock teams up with encryption tech firm to boost unmanned vehicle and AI capabilities August 24, 2021 Defence giant Babcock said today it is has formed a partnership with quantum encryption technology Arqit to jointly test and experiment with a range of use case scenarios and practical applications for government and defence customers to demonstrate the encryption capabilities. Testing will include planned participation in a number of UK Government funded projects. Specific projects of focus include [...]
Former Amazon vice president poached for Ocado board August 24, 2021 Online retailer Ocado has poached a former Amazon vice president and robotics expert for its board, as the supermarket looks to broaden its market share. Incoming independent non-executive director and board veteran, Nadia Shouraboura, is set to join Ocado at the turn of September. Shares lifted 2.43 per cent by the afternoon, taking the group’s [...]
Baidu-backed AI voice assistant firm Xiaodu racks up $5.1bn valuation August 24, 2021 Chinese tech giant Baidu has confirmed its artificial intelligence voice assistant firm Xiaodu Technology has racked up an eyewatering $5.1bn valuation today. Following the artificial intelligence (AI) firm’s Series B fundraiser, Baidu will remain a majority shareholder. The lofty valuation comes in amid a local regulatory clampdown, spearheaded by Beijing, which has locked eyes on [...]