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 [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 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. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
Burnley sign spread betting and trading platform Spreadex as main sponsor on one-year deal July 20, 2021 Burnley have signed up spread betting and financial trading platform Spreadex as their main shirt sponsor for next season. The one-year deal will see the company’s sports fixed odds and spread betting arm, Spreadex Sports, replace Chinese brand LoveBet as principal partner. Spreadex is understood to be paying slightly less than LoveBet, whose £7.5m deal [...]
Men are twice as likely to develop skin cancer: LifeJacket is here to help July 19, 2021 No doubt many of you were enjoying the sun this weekend, and many more will be out and about celebrating the taste of freedom granted today by the loosening of Covid restrictions. And while we all know in theory the dangers of sun damage, putting that knowledge into practice is often a step too far. It’s an [...]