Amazon eyes anchor investor role ahead of Arm IPO August 9, 2023 Amazon is reportedly in discussions to become an anchor investor in Arm as the chip designer gears up to go public. The technology giant is joining the likes of Alphabet, which owns google, and semiconductor companies Nvidia and Intel in the queue to become a major investor in Cambridge-based Arm, according to Reuters. Arm plays [...]
John Lewis hires Google Cloud to supercharge digital revamp in £100m deal August 9, 2023 John Lewis is trying to get back on its feet by partnering with Google to drive its digital revamp, and shift away from high-street reliance. Valued at £100m, the partnership aims to improve the efficiency of John Lewis and Waitrose employees, enabling them to provide a better customer experience. Struggling high street favourite John Lewis [...]
Tribunal upholds £84m CMA fine for firm that hiked drug prices August 8, 2023 The companies behind a drug whose price was hiked from £20 to £248 per pack in just eight years will be fined a combined £84 million after a tribunal upheld the competition watchdog’s decision. The Competition Appeal Tribunal on Tuesday had endorsed “all the main elements” of the Competition and Markets Authority’s decision, the CMA [...]
Nanoco nears commercial production after $150m Samsung settlement August 8, 2023 Manchester-based Nanoco has said it is closer to commercial production than any other time in its history as it uses the proceeds of a legal battle with Samsung “to generate further value from its IP.” Nanoco makes cadmium-free quantum dots, a vital part of a host of anticipated technological development. In a trading update published [...]
Data attacks set to enter new era under ‘FraudGPT’, warn cybersecurity execs August 8, 2023 A new breed of malicious AI models are “heralding an era of AI-enabled data attacks” on businesses, Darktrace VP of strategic cyber AI Nicole Carignan has warned. Speaking to City PM, Carnigan said data attacks will become “faster and harder to defend against in the next few years” as new AI systems make attacks more [...]
Tech bosses and finance CEOs are using holograms to be in two places at once August 8, 2023 C-suite execs have started using holograms powered by artificial intelligence to attend board meetings and events while remaining physically in other locations – for as much as £35,000. Mike Blackman, the managing director of Integrated Systems Europe, an annual audiovisual conference, was one of the first to test the technology. While at a conference in [...]
Musk says fight with Zuckerberg will be live-streamed on X August 6, 2023 Elon Musk said in a social media post that his proposed cage fight with Meta CEO Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter. The social media moguls have been egging each other into a mixed martial arts cage match in Las Vegas since June. “Zuck v Musk fight will be live-streamed on [...]
Musk’s X to pay legal bills of people ‘unfairly treated’ for posting on platform August 6, 2023 Elon Musk has said his X social media platform will pay the legal bills and sue on the behalf of people who have been treated unfairly by employers because of posting or liking something on the site formerly known as Twitter. “If you were unfairly treated by your employer due to posting or liking something on this [...]
British chip maker plans US move after government strategy let-down August 6, 2023 Chip manufacturer Pragmatic Semiconductor has suggested the government’s weak semiconductor strategy is to blame for a US expansion. The taxpayer funded chipmaker is looking to raise upwards of £100m of investment as it eyes up a US expansion after setting up a subsidiary there in February. “We’re not going to be raising 10 times that, [...]
Hybrid working: Now even Zoom tells staff to be in the office more often August 6, 2023 Zoom, once a remote work champion, has beckoned employees back to the office more often as pandemic work-from-home habits begin to topple. The company synonymous with virtual meetings now insists that staff – known as Zoomies – who live within 50 miles of a Zoom office should abandon their home desks spend at least two [...]
