Google and Microsoft AI showdown continues July 26, 2023 After Microsoft and Google’s parent company, Alphabet, reported better-than-expected results yesterday, analysts say the race to dominate the burgeoning AI field is moving quickly. Alphabet’s robust performance saw a 3.3 per cent surge in ad revenue, as search revenue hit $42.63bn (£32.98bn), causing shares to climb six per cent on Wednesday. Despite the market applause, [...]
City A.M. muscles up for new chapter with THG deal July 26, 2023 City A.M. is set for a new chapter, under new ownership, after London-listed THG agreed to purchase the 18-year-old business newspaper today.
The Square Mile Gears Up For City Giving Day 2023! July 26, 2023 As the countdown begins for City Giving Day 2023, businesses across the Square Mile are starting to announce their plans for the annual event – from a brand-new live online auction to “knit for the community” being supported by the Lady Mayoress, Felicity Lyons. Coming into its 10th year, City Giving Day is an annual [...]
Musk’s mad superapp-etite: Why his ‘everything app’ might miss the mark July 26, 2023 Another week, another Elon Musk melodrama. In yet another episode of his theatrics, the tech-obsessed billionaire unveiled his latest surprise this week: a dramatic overhaul of Twitter and rebrand of it as ‘X’. Musk said the name ‘Twitter’ “does not make sense” after the original short-messaging ethos with a 140 character limit having been scrapped [...]
Ofgem moves to shore up energy sector risk consolidating big firms’ market power July 26, 2023 Suppliers are facing tightening financial rules from regulator Ofgem, which is desperate to avoid a repeat of the domestic energy crisis.
Google parent firm Alphabet’s profit ahead of expectations thanks to ad rebound July 26, 2023 Google owner Alphabet’s second-quarter profit exceeded expectations as it announced that long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief. Alphabet’s results were helped by steady demand for its cloud services and a rebound in advertising. The shares jumped 8 per cent in after-hours trading. Shares of [...]
Rose has made a stupid error, but Natwest’s decision is fine for now July 26, 2023 Polticians getting grouchy about anonymous leaks – you couldn’t make it up. What Alison Rose has confessed to doing, in the white heat of a media storm, was unwise. Her job at the top of an FCA-regulated entity requires her to be alive to risk, integrity and professionalism, and on that note she has failed. [...]
Borrowing a Netflix password? You’re part of a generation of customer frauds July 26, 2023 You'd think it's only criminal gangs committing fraud, but if you are returning clothes after wearing them or sharing your Netflix password with friends, you're effectively doing the same, writes Martin Sweeney
England footballers probed by advertising watchdog over promotion of Supreme CBD July 25, 2023 Three former England footballers are the subject of investigation by the Advertising Standards Authority over their promotion of CBD products. Ex-internationals Paul Merson, Chris Kirkland and Alan Thompson have collectively posted almost 200 tweets about the Supreme CBD brand. The CAP Code, which applies to influencer marketing, requires anyone promoting a brand on social media [...]
Elon Musk bids adieu to the Twitter bird as social media giant rebrands to ‘X’ July 24, 2023 Twitter owner Elon Musk revealed the social media giant will bid farewell to its famous blue bird, as a new “X” logo was unveiled this week, in a bid to transform it into an “everything app”. The billionaire Tesla boss announced the revamp, tweeting his desire to “bid adieu” to the Twitter brand and, gradually, [...]