DEBATE: Is the term ‘fintech’ becoming redundant? May 13, 2019 Is the term ‘fintech’ becoming redundant? Rhys Powell, UK managing director at EBO.ai, says YES. It’s true that the fintech revolution has brought about positive business change, but to stay relevant in today’s modern business world, all financial organisations have had to harness the power of technology. As such, it’s now almost impossible to define where general [...]
Stockwatch: When you should buy Amazon and Microsoft May 9, 2019 By Edmond Jackson from interactive investor. We've studied the charts, now our companies analyst runs through the fundamentals and gives his view. At a time of questions over durability of growth in US GDP and corporate profits, results in respect of Q1 2019 from Amazon.com Inc (NASDAQ:AMZN)and Microsoft (NASDAQ:MSFT) have beaten expectations. As a result, [...]
It’s not cutting-edge AI we should feel anxious about, but mediocre automation May 8, 2019 If there were a betting market in future winners of the Nobel prize in economics, MIT’s Daniel Acemoglu would be at pretty short odds. His highly innovative work has already won him a string of prizes. So his research is always worth following – especially when he challenges the conventional wisdom, as in his paper [...]
Small businesses to be given artificial intelligence boost May 7, 2019 London may be the artificial intelligence (AI) capital of Europe, but City Hall believes the benefits of AI are failing to trickle down to small businesses. The mayor Sadiq Khan will give 200 small businesses in London a share of £200,000 to enhance their use of AI. “London is a leading hub for innovation in [...]
Huawei to build 400-person chip plant near Arm Holdings headquarters in Cambridge May 4, 2019 Huawei is planning to build a 400-person chip research and development factory in the centre of the UK's silicon chip industry, just outside of Cambridge. The Chinese telcoms group wants to develop the chips used in broadband networks at a base in Sawston, seven miles outside of Cambridge and just 15 minutes from Arm Holdings' headquarters, [...]
HMRC forced to delete 5m voice recordings after breaching privacy rules May 3, 2019 HM Revenue and Customs (HMRC) has been forced into deleting the voice records of five million taxpayers after it was revealed that they were collected without proper consent and in breach of privacy rules. The government body had signed people up to its voice ID system for telephone enquiries in a bid to speed up [...]
Tech will disrupt the City more than Brexit May 2, 2019 The City’s roof gardens may be opening up for the summer but the fog of Brexit still hangs over the Square Mile. Businesses have been unequivocal about the consequences of uncertainty but the policy debate rages on, while political manoeuvring (or even the lack of it) tests the collective patience of the nation. You’d be [...]
Our healthcare system is trapped in an impasse as pharmaceutical firms struggle to fund medical innovations May 1, 2019 The price of technological innovations in health care has once again been brought into focus. Orkambi, a new pharmaceutical treatment for a specific type of cystic fibrosis has not been approved for availability on the NHS because its price is deemed too high. Meanwhile, there is panic at the relentless rise of fatal antibiotic-resistant infections [...]
CEOs are split over whether they are responsible for AI job losses or not, says PwC April 30, 2019 Bosses are torn over whether or not the private sector must shoulder responsibility for job losses as AI replaces roles traditionally performed by humans. A PwC survey of chief executives has revealed that while 49 per cent believe the government should be responsible for offering displaced workers a safety net, 41 per cent disagree. Read [...]
DEBATE: Should the UK’s judicial system embrace using artificial intelligence in the courtroom? April 30, 2019 Should the UK’s judicial system embrace using artificial intelligence in the courtroom? Emily Foges, chief executive of Luminance, says YES. The explosion of digital information, from social media posts to WhatsApp messages, can lead to cases collapsing in our courts as police and barristers struggle to review evidence in time. Artificial intelligence (AI) technology is [...]