Tiger Global nursing $17bn losses after global tech rout May 10, 2022 Prolific tech investor Tiger Global is nursing losses of $17bn this year after a rout in global tech stocks, fresh data has revealed.
UK fails to define clear data reform strategy despite claiming EU complexity departure May 10, 2022 In an attempt to cut European Union red tape once and for all, the government are pushing forward with its Data Reform Bill.
Surveillance tech firm Clearview AI agrees to block businesses from using facial recognition database May 10, 2022 Facial recognition startup Clearview AI has agreed to limit customers from using its database of billions of facial images scraped from social media platforms including Facebook and Linkedin. The New York software developer agreed to block the bulk of all commercial customers from using its database, in order to settle a lawsuit brought forward by [...]
Tinder owner sues Google in bid to avoid 30 per cent in-app purchase fees May 10, 2022 Dating app conglomerate Match Group has sued Google in a bid to block it from charging hundreds of millions in fees on purchases made through the Google Play Store. The Tinder owner said it had filed its lawsuit as a “last resort” in its bid to block Google from charging a 15 per cent “tax” [...]
China raises alarm over military capabilities of Elon Musk’s Starlink May 10, 2022 The official newspaper for China's military has taken aim at Elon Musk's Starlink satellites over concerns about their military capabilities.
Sony doubles profits amid gaming boom May 10, 2022 Sony doubled its operating profit in the fourth quarter to 138.6bn yen (£862m) after sales were boosted across its gaming business.
UK stamps out record number of online scams following defence push May 10, 2022 A record number of online scams were removed from the internet last year thanks to the nation’s cyber experts significantly expanding the UK’s defences to push back against fraudsters, it has been revealed today. Ahead of the opening of its conference, the National Cyber Security Centre – a part of GCHQ – disclosed that more [...]
Zuckerberg: Facebook and Instagram to test NFTs on user profiles May 9, 2022 Meta CEO Mark Zuckerberg has confirmed that the tech giant will start testing digital collectibles on Instagram and Facebook in the coming weeks, allowing users to display non-fungible tokens (NFTs) on their profile. Augmented reality NFTs will feature on Instagram stories via Spark AR, Meta’s AR software platform, and will be coming to the rest [...]
Apple executive hands in notice amid return to office policy May 9, 2022 An Apple executive has handed in his notice after the firm demanded that employees return to the office three days a week.
Uber chief: Time to show investors the money May 9, 2022 Uber chief Dara Khosrowshahi heralded a change of tack this week when he sent an internal email to staff entitled “the next (best) chapter”, signalling a new era of cost cutting. Discussing the “seismic shift” that has occurred in the ride-hailing space, Khosrowshahi emphasised the centrality of shareholders in the company’s ongoing journey. He wrote: [...]
