Mike Lynch loses Darktrace board seat amid lawsuit controversy April 10, 2024 An analysis of the Darktrace shareholder register reveals that the Invoke’s holding has fallen below the level needed to appoint a director.
Hipgnosis boss calls for better copyright protection and pay for struggling musicians April 10, 2024 Hipgnosis boss Merck Mercuriadis has given evidence to a report which calls for better support and copyright protection for music artists.
Is there an AI bubble and will it burst? April 10, 2024 As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look
Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech April 9, 2024 During a Meta event, Nick Clegg also revealed that Llama 3, Meta's newest large language model (LLM), will be released within a month.
Trafigura: AI and data centre construction could lead to copper shortages April 9, 2024 Trafigura's chief economist said that an additional 1m tons of copper have not been factored into a lot of supply and demand balances.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring April 9, 2024 Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told City A.M., as the buy-now pay-later giant leverages the technology to reduce hiring costs.
Multiverse snaps up US-based AI software company Searchlight April 9, 2024 Multiverse plans to use Searchlight's technology to speed up the integration of generative AI and machine learning into its operations.
Labour pledges to close £36bn tax gap via non-dom crackdown and bolstering HMRC April 8, 2024 Labour has pledged to close the £36bn tax gap via cracking down on the non-dom tax status loophole and bolstering HMRC’s compliance squads, if elected.
A new ESG Platform Wealth Managers Need April 8, 2024 Industrial Thought Ltd., a group of companies specialised in investment taxation, financial data, and related consultancy services – has announced an investment in Integrum ESG alongside a partnership agreement to serve the wealth management industry with ESG data. Integrum ESG’s unique SaaS platform offers a ‘glass-box’ approach to ESG analysis and risk assessment, giving wealth [...]
London fintech vacancies rise 88 per cent as banks look to stay ahead of curve April 8, 2024 London is known for its global fintech hub status, with success stories in the sector including Monzo and Starling.