What Thomas Cook’s collapse tells us about the power of disruption November 4, 2019 Whilst the failure of UK holiday firm Thomas Cook was sudden and a considerable shock to many, the writing has been on the wall for some time now. Driven by technology and specifically by the advent of online booking and reservation systems, the travel industry has long been undergoing a radical transformation across each of [...]
Dataminr is helping to save local journalism October 31, 2019 Journalism is in a tough spot. For decades, money and jobs in the industry have been in decline. The government’s Cairncross review, released last year, revealed the scope of the problem. It found that total press industry revenues had declined by more than half over the previous 10 years, and that the number of full-time [...]
Financial Times owner Nikkei loses $29m in apparent fraud October 30, 2019 Nikkei, the Japanese media giant behind the Financial Times, has lost roughly $29m (£22.5m) in an apparent wire transfer fraud. In a statement issued today, the company said an employee of its US subsidiary had transferred the funds after receiving “fraudulent instructions by a malicious third party who purported to be a management executive of [...]
Virtual influencers pose ethical dilemmas for the ad industry October 28, 2019 Last month, I reported on the rise of virtual influencers – fake online personalities created using computer-generated imagery and controlled by brands or media agencies. The most famous example is Lil Miquela, a fictional character invented by LA-based studio Brud. “She” has 1.7m followers on Instagram, has appeared in a Calvin Klein commercial alongside the [...]
The Lovie Awards show Europe’s creativity is a force for good October 28, 2019 My entire career has been fuelled by a love for the European creative industry. And now, at a time when our digital lives feel chaotic, when business often feels overly challenging, when political issues invade our every waking moment, that fuel is more essential than ever. This is precisely why Nicolas Roope and I founded [...]
Beware the chilling consequences of facial recognition technology on society October 28, 2019 Since the 1950s, researchers have been working towards the holy grail of artificial intelligence (AI). Now, as last week’s City A.M. feature outlined, recent advances are moving out of the lab and into our daily lives – with disturbing implications. Facial recognition systems, powered by these developments in AI, are spreading into society. This is [...]
Microsoft beats Amazon to Pentagon’s $10bn cloud computing contract October 26, 2019 Microsoft has won a cloud-computing contract from the Pentagon worth $10bn (£8bn). The contract is for the Joint Enterprise Defence Infrastructure, dubbed Jedi, is for a 10-year period. Read more: Cloud computing drives Microsoft revenue up The project is aimed at making the US defence department more technologically agile. Amazon had been favourites for the [...]
Facial recognition tech powered by AI poses a threat to society October 24, 2019 Facial recognition software feels like it has stepped out of the realms of science fiction and into reality. Thanks to massive developments in artificial intelligence (AI), cameras and surveillance systems can now check and analyse someone’s facial features in real time. This is a profound step forward in the realms of biometric security, and major [...]
The UK’s AI talent race just stepped up a gear October 24, 2019 Technology has the power to improve lives and tackle the great challenges of our time. At the University of Exeter, for example, Tim Dodwell is about to start a five-year project looking into how technology can make the aviation industry more sustainable and safer. He is one of the first five recipients of a new [...]
Tech is top priority for UK’s leading law firms October 23, 2019 Technology is the key strategic priority for the UK’s leading law firms, a report published today showed. A survey of the UK’s top 100 law firms found more than four fifths (81 per cent) said technology was the most important area of strategic development for their firm. After technology investment, 41 per cent cited overseas [...]