Lamborghini delivers record-breaking Urus SUV to London August 20, 2021 Having left the Sant’Agata production line last month, Lamborghini London dealership H.R. Owen has just delivered the 15,000th Urus SUV.
HSBC to pull together $2bn IPO for China’s biggest AI firm SenseTime August 17, 2021 HSBC is working with China’s largest artificial intelligence group SenseTime to form a Hong Kong listing, according to reports. SoftBank-backed SeneTime’s initial public offering (IPO) could wire in at least $2bn, Bloomberg reported, citing people familiar with the matter. China International Capital is helping HSBC arrange the float for the firm. The company has decided [...]
Life sciences sector alert to evolving skills challenge August 16, 2021 ‘We stand on the cusp of an era of cures, in which new technologies make previously terminal diseases treatable or curable’: so states the UK ‘Life Sciences Vision’, which outlines a 10-year strategy for the sector.The vision, unveiled last month, states that life sciences will be one of the great drivers of growth in the [...]
How a combination of skilled people and AI will shape tech and telecoms August 5, 2021 Machines will undertake more tasks than humans by 2025, compared to 71 per cent being performed by humans in 2018. Although this finding, from the World Economic Forum, might seem scary, the good news is that the evolution of artificial intelligence (AI) could create 58 million ‘net’ new jobs. But if you’re in the tech [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 4, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. TopHat appoints former McLaren group boss as CFO Goldman Sachs-backed housing company TopHat has bagged McLaren’s former boss as its new chief financial officer to join its King Cross offices. Paul Buddin, who left the McLaren [...]
West Coast wildfires rage across record areas in the United States, but Silicon Valley thinks it has the answer August 4, 2021 Wildfire season in the United States has devastated swathes of the West Coast in a way not seen since the disastrous summer of 2017. The problem is getting worse across numerous states. This year, 37,803 fires have raged, burning more than 3.4 million acres, both significantly up on last year. As of August 1, there [...]
What does China’s stock market meltdown mean for investors? August 2, 2021 Chinese markets have hit headlines again in recent weeks. Geopolitical tensions surrounding trade remain, but market behavior and performance – particularly in the tech sector – has also come to the fore. We asked Tom Wilson, Schroders’ Head of Emerging Market Equities, what’s causing the upset. The Chinese government seems to be cracking down on [...]
Olympics going high-tech: Artificial intelligence to prevent Tokyo heatstroke August 1, 2021 In addition to conventional measures like water spray and mist fans, Olympic organizers are going high-tech. This weekend, they have started deploying a cloud-based system from Chinese e-commerce giant Alibaba Group to monitor workers’ real-time conditions and send warnings and advice at signs of heatstroke danger. Watch the full report. WATCH DOZENS OF OTHER VIDEO [...]
Analysis: Is AI really set to transform the banking industry? July 31, 2021 The future, or a fad? Shameek Kundu, Head of Financial Services at TruEra, looks at whether AI’s credibility gap could hold back the banking industry. Artificial Intelligence (AI) is widely seen as key to the banking industry’s transformation. Industry surveys, including one from the Bank of England, suggest that two in every three financial institutions have adopted AI in [...]
Bezos-backed plant food firm NotCo secures unicorn status July 26, 2021 A plant-based food firm backed by Jeff Bezos has nabbed unicorn status after raising $235m (£170m) in a star-studded funding round. NotCo, which makes plant-based milk, burger patties, meat and ice cream, was valued at $1.5bn following the round, which was led by Tiger Global. Venture capital firm DFJ Growth Fund also took part in [...]