Financial Times announced as latest publication to ink deal with OpenAI April 29, 2024 OpenAI is reportedly offering news organisations as much as $5m per year to license their copyrighted content to train its AI models.
Ferrari-owners Exor to lead £12m funding round for British AI company Jigsaw April 29, 2024 Before Jigsaw, the co-founders worked on building XRef, a proofreading software company, which they sold for a reported $10m (£8m).
Microsoft’s UK revenue soars on success of cloud storage services April 28, 2024 Microsoft's UK revenue surged to over $8bn as it added 600 new staffers last year, according to new company filings.
Shares in Apple trade at 12-month low ahead of company’s earnings April 28, 2024 Apple's stock woes largely stem from stagnant earnings per share growth, a drop in iPhone sales and ongoing regulatory pressures.
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.
American private equity firm to snap up Darktrace for £4.3bn April 26, 2024 American private equity firm Thoma Bravo has struck a deal to buy British cyber security company Darktrace in an all-cash transaction.
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.