Can chip designer Arm impress following a sales slowdown? May 6, 2024 Shares in Cambridge-based chip designer Arm have soared 60 per cent over the past year after an investor pile-in.
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year May 5, 2024 London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
AI healthcare firm Cera forecast to save NHS £1bn per year by 2026 May 3, 2024 Artificial intelligence (AI) driven home healthcare firm Cera is set to save the NHS up to £1bn per year via preventative care technology. Cera, founded in 2016 by London based doctor Ben Maruthappu, uses AI technology to reduce unnecessary hospitalisations and ease the burden on the buckling NHS. The company’s model is already preventing an [...]
Apple shares surge 6 per cent on earnings report and historic $110 billion buyback May 3, 2024 Apple's stock surged by over 6 per cent in after-hours trading on Thursday after the tech giant surpassed analysts' subdued expectations for quarterly revenue and announced the largest share buyback program in US history.
Songs to return to Tiktok as it strikes licensing deal with Universal Music May 2, 2024 Tiktok and Universal Music have struck a deal to return songs by popular artists like Billie Eilish and Harry Styles to the social media site.
Calls for a ‘British Library’ of the public’s data grow to help drive AI progress May 2, 2024 A think tank has called for the creation of a 'British Library' of the public's data to help improve Britain's position in the global AI race.
FTSE 100 today: London shares poised to rise after US Fed maintains status quo; eyes on Apple and StanChart earnings May 2, 2024 Asian markets opened cautiously on Thursday after the US Federal Reserve signalled a delay in interest rate cuts, dragging Wall Street lower. Oil prices surged in anticipation of US reserve replenishment, and the yen strengthened amid intervention speculation. Qualcomm's stock surged on strong earnings. Focus now turns to earnings reports from Apple and StanChart.
MPs call for AI Act to protect music industry May 1, 2024 The APPG's report makes eight recommendations to the Government, including the implementation of a UK AI Act, the labelling of AI-generated copy, and a personality right to protect artists from deepfakes.
EigenLayer’s airdrop disappoints through “non-transferable” clause May 1, 2024 There is no doubt EigenLayer, and the “restaking” narrative it has introduced, has attracted a lot of attention. The protocol has absorbed over $15 billion in staked Ethereum and has become a major talking point. On Monday, the protocol released details on its eagerly anticipated token and airdrop.
Amazon’s stock surges on strong earnings, fuelled by AI-driven cloud growth May 1, 2024 Amazon.com surpassed Wall Street's expectations in its quarterly report, buoyed by the surge of interest in artificial intelligence, particularly in its cloud-computing division, propelling the retail giant's shares up to 5% in after-hours trading.