Facebook to create 500 tech jobs in London as it opens new engineering hub June 12, 2019 Facebook has said it will create 500 new tech jobs in London by the end of the year as it launches a new engineering centre in Soho. Roughly 100 of the new roles will be in artificial intelligence, with many of the employees working to detect and remove malicious content, fake accounts and other harmful [...]
AI to boost British GDP by a fifth in the next decade June 10, 2019 British companies that fully incorporate artificial intelligence (AI) tools into their organisations could increase their economic value by 120 per cent by 2030, while the technology itself could provide a 22 per cent boost to UK GDP. Similarly, companies that adopt AI late or not at all could lose around 20 per cent of their [...]
London leads Europe’s tech unicorn herd June 9, 2019 The UK is now home to over 70 tech unicorns, having created more than one billion-dollar company every month in the last year. Britain has more than double the amount of unicorns as the next highest-ranking European country, and comes third globally to the US and China, according to data from Tech Nation and Dealroom. [...]
Would you want to be trained by an AI? June 7, 2019 By 2025, five billion people will be connected to each other through four billion smartphones and 50bn other devices. This will produce new data at unimaginable rates. Add in exponential growth in artificial intelligence (AI) – which is predicted to generate 1.7MB of data for every person every second by this time next year – [...]
IAG kickstarts search for best budding aviation start-ups June 6, 2019 British Airways owner IAG has launched its latest global accelerator programme for budding aviation startups. The Hangar 51 programme, launched in collaboration with IAG brands Iberia and Vueling, will be based in Spain this year. It will seek out start ups from around the world who will work with mentors and experts from IAG to [...]
Microsoft and Oracle team up to take on Amazon Web Services June 5, 2019 Microsoft and Oracle will connect their cloud services in an effort to woo big businesses and take on market leader Amazon Web Services (AWS). The combined service will enable users to connect Oracle’s autonomous databases with Microsoft services, such as Azure analytics and artificial intelligence. The new high-speed link between the two company’s data centres [...]
Financial services firms should treat operational resilience as ‘commercial imperative’, report says June 5, 2019 Financial services firms need to treat operational resilience as a “commercial imperative”, according to a report published today. The industry has to face threats ranging from climate change, cybercrime and complex supply chains to technological innovation and ageing legacy systems, the report said. The report from lobby group City UK and audit firm PwC said [...]
David Cameron takes up role with US artificial intelligence firm June 1, 2019 Former Prime Minister David Cameron has been appointed by US artificial intelligence company Afiniti to chair its advisory board. Cameron has kept a low profile since resigning as Prime Minister following the 2016 EU referendum in which the UK voted to leave, and is one of his most prominent appointments since. Read more: Donald Trump's [...]
DEBATE: Should we really be that excited about the launch of 5G? May 31, 2019 Should we really be that excited about the launch of 5G? Leon Emirali, an entrepreneur and investor, says YES. 5G is well worth the wait. While there is no doubt that extra-fast internet speeds will be welcomed by consumers, we must look beyond our own mobile devices to see the real benefits of the 5G revolution. [...]
The future eminence of our legal sector rests on more than Brexit May 23, 2019 Ever since the referendum, we have seen dire warnings that London risks losing its place as a global business hub. We have read countless stories of other European cities pitching for our international financial services sector, and there are now concerns that the continental courts are gearing up for an assault on its preeminent status [...]