UK risks being ‘incubator economy’ with tech firms moving abroad, Lords warn February 3, 2025 The UK is at risk of becoming an “incubator economy” with tech firms moving abroad, if action is not taken to support companies to scale up, a group of Lords has warned. Britain must do a better job supporting UK-based artificial intelligence (AI) and creative technology start-ups to grow into global competitors, the House of [...]
Apple reports strong revenue despite iPhone sales decline January 31, 2025 While Apple’s iPhone sales dropped last quarter, the tech giant’s services division more than made up for the decline. The company, which reported results after the market closed on Thursday, said sales grew 3.9 per cent year over year to $124.3bn (£100bn) inline with Wall Street expectations. Net income rose 7.1 per cent to $36.3bn, [...]
Microsoft and Meta defend AI spend post DeepSeek shock January 30, 2025 Tech giants Microsoft and Meta both addressed and defended their substantial investments in artificial intelligence (AI), despite recent headwinds. Both firms kicked off the earnings season on Wednesday, just days after Chinese startup DeepSeek broke the internet, as well as the market, on Monday. Its recent global traction followed the release of its new AI [...]
Former Trump ally Mike Pompeo joins London-listed copper firm January 30, 2025 Former US secretary of state and one-time Trump ally Mike Pompeo has joined London-listed copper miner ACG, bolstering its board as it plots a deals offensive and international expansion. ACG, led by a former executive at Russia’s biggest aluminium miner, said the former CIA director would join as a non-executive director and bring “valued strategic [...]
DeepSeek accused of using OpenAI’s models to train its viral bot January 29, 2025 OpenAI has accused Chinese competitor DeepSeek of using its models to train the competing system, violating its property rights. The ChatGPT maker claimed that its new Chinese competitor employed a technique called ‘distillation’ – when a smaller model learns from its larger counterpart – to develop its new chatbot. Donald Trump’s artificial intelligence adviser, David [...]
Rachel Reeves vows to fight for economic growth January 28, 2025 The Chancellor will declare that “growth won’t come without a fight” as she unveils her plan to turnaround Britain’s ailing economy with billions of pounds of investment and new infrastructure projects. Reeves will pledge an £80bn boom to the economy from a new Oxford-Cambridge Growth Corridor in a move that comes after the pensions industry [...]
People demand better data protection from businesses January 28, 2025 Most people are apprehensive about how their data is used, with trust in businesses at a worryingly low rate
The AI divide: How do the UK and US strategies stack up? January 28, 2025 Safety-first vs shooting for the stars, the UK and US's approaches to AI appear worlds apart. But can they come together?
Nvidia tanks as Chinese AI startup Deepseek spooks global markets January 27, 2025 Nvidia is on track for the biggest one day loss of any company in history, as Chinese artificial intelligence (AI) startup Deepseek shakes up global tech markets. Nvidia, a key driver of the AI stock boom due to its advanced chips, saw its shares plummet over 14 per cent on Germany’s Tradegate on Monday. The [...]
Green belt site near M25 to host Europe’s largest AI data centre January 24, 2025 Plans for Europe’s largest cloud and artificial intelligence (AI) centre near the M25 in Hertfordshire have been approved, in wake of the UK launching its so-called ‘action plan’. The state of art facility will be built near the Elstree substation, 30 minutes from central London, and will span up to two million square feet, carrying [...]