Letters: Time for special measures June 30, 2022 [Re: Watchdog puts Met Police under special measures, June 29] This is a regrettable but necessary measure. HM Inspectorate of Constabulary is to be commended. This is about weak leadership over a sustained timescale , a failure to manage out poor or criminal behaviour by a small minority of police. Most Met officers do an [...]
Government amends copyright law to make the UK an AI leader in a post-Brexit world June 28, 2022 The government has announced plans to shake-up copyright law to pave the way for the UK to become an artificial intelligence leader. Under the new rules, the government will make it easier to analyse material for the purposes of machine learning, research and innovation. It will also anyone with lawful access to this material should [...]
FCA cracks down on fraud by using latest analytics to scan 100,000 websites a day June 23, 2022 The UK’s financial watchdog is harnessing state-of-the-art analytics to scan 100,000 websites a day in a crackdown on scams and fraud. While the Financial Conduct Authority (FCA) cannot remove fraudulent sites, it has added almost 2,000 possible scams to its consumer warning list since May 2021. This represents a third more than during the same time [...]
London Tech Week, Day Three: Facing the future June 15, 2022 Steamrolling into day three of London Tech Week, the attention today turned to the emerging technologies – quantum, health tech, blockchain, AI – which are transforming our world. Many of these ‘emerging technologies’ are in fact on the cusp of becoming mainstream. There are few industries that will not be impacted by the technological revolution [...]
Google engineer put on paid leave after outing AI chatbot as ‘sentient’ June 13, 2022 Google has placed a senior engineer on “paid administrative leave” after he made comments about the company's chatbot being “sentient”.
Use a regulatory technology software platform June 7, 2022 A cloud-first strategy for many organisations means that software as a service is becoming as important as in-office tools. AIM Digital Solutions has developed dataBelt (part of its dataEstate software suite), a regulatory technology software platform that blends key developments in the IT industry, with data discovery and management at its core. Developments include robotic [...]
Tech Weekly: Tech Nation CEO on UK fintech success, and Klarna focus on profits May 27, 2022 Today City A.M. reporter Charlie Conchie talks to Tech Nation CEO Gerard Grech for a chat about the company’s Impact Report, which assesses how it has helped shape leading tech firms. They also discuss the UK’s place as a fintech hub, and the potential slowdown of VC investment in fintech later this year. He also [...]
Post-Brexit and pandemic inquiry launched into labour market recovery as shortages ‘act as brake on prosperity’ May 27, 2022 A post-pandemic and Brexit recovery inquiry has been launched into the UK labour market as skills and worker shortages appear to have strained the recovery post-pandemic and Brexit. The Business, Energy and Industrial Strategy (BEIS) committee initiated the probe on Friday in wake of recently published figures by the Office for National Statistics, showing more [...]
London-based venture firm Crane bags £112m for new ‘deeptech’ fund May 24, 2022 London-based venture firm Crane has bagged $140m (£112m) for a fresh ‘deep-tech’ fund today with £30m backing from British Business Bank-owned investor British Patient Capital.
Why we still like Asian tech stocks May 23, 2022 Asian semiconductor and IT stocks have had a difficult few months, but we see the sector as a long-term winner. Market trends in Asia this year have tended to see consumer, internet, semiconductor and technology stocks come under pressure. Internet stocks face ongoing regulatory uncertainties, while consumer companies face a profit margin squeeze amid cost [...]