Pearson ‘pleased’ with pivot to AI but Virtual Schools slow again April 26, 2024 Pearson is integrating artificial intelligence (AI) into its suite of educational products as it looks to modernise.
FTSE 100 today: London markets set to open higher on the heels of strong US tech earnings April 26, 2024 Asian stocks rallied alongside a strong tech sector fuelled by impressive US earnings. Bank of Japan maintained its short-term interest rate target at 0-0.1 per cent. Oil prices climbed, while Microsoft and Alphabet shares surged post-earnings beats. Investors await US inflation data and focus on ExxonMobil and NatWest earnings.
Microsoft beats Wall Street expectations, shares soar on robust Azure growth April 26, 2024 Microsoft outpaced expectations for its third-quarter revenue and profit, unveiled on Thursday. This success was largely fueled by the integration of artificial intelligence (AI) across its cloud services, propelling its shares to surge by more than 4 per cent during extended trading.
British Patient Capital invests over £40m to boost UK cyber security firms April 25, 2024 The UK's cyber security industry is currently in high demand due to a rise in attacks, especially on businesses and high-income charities.
FTSE 100 today: BHP pounces on Anglo American while Meta drags tech lower April 25, 2024 US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and earnings updates from Alphabet, Microsoft, Intel and Barclays.
Andrew Tyrie: How greater competition could spur productivity growth April 25, 2024 "The UK government does not have a framework in place for monitoring levels of competition in the economy that’s fit for purpose," Lord Tyrie said. "It badly needs one".
Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
Regulator launches three investigations into Microsoft and Amazon April 24, 2024 The CMA is worried that big tech partnerships could give the likes of Microsoft and Amazon too much market power and harm competition.
National security is an ‘arms race’ says boss of chip designer Arm April 24, 2024 The chief architect at Arm said although national infrastructure is improving, there is a "tremendous amount" that needs to be done.
Toxic Tiktok trends: Weighing in on dangerous viral diet misinformation April 24, 2024 Of those who are influenced by nutrition and health trends on Tiktok, 64 per cent report that they adopt at least one of these trends a few times a week.