Recipe box company Gousto secures £30m funding July 15, 2019 Recipe box delivery company Gousto has secured £30m in a funding round led by London private equity firm Perwyn. Gousto will use the investment, which takes its total funds raised to more than £100m, to develop artificial intelligence technology. Read more: Gousto cooks up £18m funding and signs up body coach Joe Wickes The company [...]
Code-breaker Alan Turing revealed as new face of £50 banknote July 15, 2019 Scientist Alan Turing will feature on the new £50 note design, Bank of England governor Mark Carney announced this morning. Turing, the “father of computer science and artificial intelligence, was chosen from 989 characters nominated by the public during a six-week period. Read more: Why a British scientist will appear on the next £50 note [...]
DEBATE: Will Instagram’s new anti-bullying features help to make the social media platform safer? July 12, 2019 Will Instagram’s new anti-bullying features help to make the social media platform safer? Derek Roga, chief executive of EQUIIS Technologies, says YES. Instagram has been under a lot of pressure to tackle online bullies after a few highly publicised cases. With the government taking action against online bullying and finding ways to prevent it, the [...]
City Moves for 10 July – Who’s switching jobs? July 10, 2019 Today’s City Moves includes Waverton, Royal London Asset Management and Octopus Ventures. Waverton Waverton Investment Management has announced the appointment of Michael Allen as chief operating officer (COO). Michael joins from Lazard Asset Management, where he was COO for London, Dublin and Dubai. Michael has more than 30 years’ industry experience including roles as COO [...]
Fresh trouble for Neil Woodford as Benevolent AI valuation drops July 7, 2019 Beleaguered fund manager Neil Woodford could be facing fresh trouble as one of his biggest bets is reportedly braced to suffer a drop in its valuation. London-based tech firm Benevolent AI is said to be raising money at a level well below its $2bn (£1.6bn) valuation, the Sunday Times reported. Read more: Neil Woodford cuts [...]
Ocado to create 260 new jobs in Old Street tech hub July 5, 2019 Online supermarket Ocado will bring 300 jobs to London as it bolsters the digital talent behind its technology platform for supermarkets. The Ocado smart platform will be sold to companies across the world to help them move online, the firm said. Read more: Ocado pumps £17m into vertical farming joint venture The London office, in [...]
Police arrest man after Baidu boss drenched on stage July 4, 2019 Chinese police have arrested a man in connection with an incident that saw someone pour a bottle of water over the head of search giant Baidu’s chief executive. Robin Li was left soaked during a keynote address at Baidu’s annual Create conference in Beijing yesterday after a man stepped on stage to empty the bottle [...]
The NHS needs to plan for today, not 10 years into the future July 4, 2019 The NHS was built with one key purpose: to address social inequality by making the best healthcare available to everyone. For years, that aim has driven technological innovations that power better provision of care. However, as we mark 71 years from when it was founded, the NHS is operating in a very different world – [...]
Fintech champions face an uphill climb if they want to expand into America July 4, 2019 When did you last pay with a cheque? I’d be willing to bet that many of you don’t even know where your cheque book is, and if you do, that it’s probably gathering dust. If you’re living and working in a UK city, you’re totally accustomed to new ways of banking – from Apple Pay [...]
We need a Prime Minister who can channel the potential of Digital Britain July 2, 2019 Are we in danger of having a leadership contest about the future of our party, while completely missing the point about the future of our country? The two finalists in the Conservative leadership race are being quizzed endlessly about Brexit, tax and spend, public services, and their private lives. All these have some importance, of [...]