Not so lucky: Google’s share price falls eight per cent after disappointing results April 30, 2019 Shares in Google’s parent company Alphabet fell more than eight per cent in early trading in the US today after its results for the first quarter disappointed last night. Revenue rose 16.7 per cent to $36.3bn (£27.8bn) for the three ended 31 March, its slowest pace in three years, missing analyst estimates of $37.3bn according [...]
CEOs are split over whether they are responsible for AI job losses or not, says PwC April 30, 2019 Bosses are torn over whether or not the private sector must shoulder responsibility for job losses as AI replaces roles traditionally performed by humans. A PwC survey of chief executives has revealed that while 49 per cent believe the government should be responsible for offering displaced workers a safety net, 41 per cent disagree. Read [...]
Wealth management apps could ‘eclipse’ traditional channels, EY finds April 30, 2019 Digital wealth management apps could “eclipse” traditional channels as clients move towards new technology faster than previously anticipated, new research shows. The popularity of mobile apps among wealth management clients has increased faster than predicted, with 41 per cent of clients saying they would prefer to use a mobile app over websites, face-to-face interaction and [...]
Competition watchdog gives green light for Paypal’s $2.2bn merger with iZettle April 30, 2019 The competition watchdog has given provisional approval to Paypal’s $2.2bn (£1.7bn) takeover of payments firm iZettle. Read more: Watchdog launches in-depth probe into Paypal-iZettle merger The Competition and Markets Authority (CMA) launched a probe into the merger last year amid concerns it would lessen competition between payment platforms in the UK. But in a provisional [...]
Vodafone found security flaws in Huawei technology but denies backdoor April 30, 2019 Vodafone has denied reports it found a so-called backdoor in Huawei equipment, but confirmed it identified security flaws in the firm’s technology. The telecoms firm said it found security vulnerabilities in two Huawei products supplied to its Italian business in 2011 and 2012, and that the issue had been resolved quickly. Read more: US says [...]
Londoners are bolstering the latest fintech generation April 30, 2019 Have you ever thought about the role of Londoners in guaranteeing the UK as the fintech capital of the world? Our capital is currently hosting UK Fintech Week, an opportunity to showcase and celebrate the businesses transforming our best export: financial services. On Crowdcube, the crowdfunding platform I work for, there are now over 67,000 [...]
Amazon boss Jeff Bezos tops list of Silicon Valley’s best performing tech CEOs April 30, 2019 Amazon’s share price has risen by 83 per cent year-on-year, making boss Jeff Bezos the US’s best performing tech chief executive. The online shopping platform’s share price has jumped $69.53 on average per year during Bezos’ 22-year reign as Amazon’s chief executive. Read more: Investigator accuses Saudi Arabia of hacking Jeff Bezos's phone In 1997, which [...]
DEBATE: Should the UK’s judicial system embrace using artificial intelligence in the courtroom? April 30, 2019 Should the UK’s judicial system embrace using artificial intelligence in the courtroom? Emily Foges, chief executive of Luminance, says YES. The explosion of digital information, from social media posts to WhatsApp messages, can lead to cases collapsing in our courts as police and barristers struggle to review evidence in time. Artificial intelligence (AI) technology is [...]
Don’t get stuck in your ways: How to cut carbon emissions without glueing yourself to buildings April 30, 2019 “You can't eat money” and “climate emergency” read some of the signs wielded by climate change protestors last week, as they glued themselves to the London Stock Exchange. As our planet heats up, so does the debate around global warming. Regardless of whether you agree with the tactics used by the protestors or not, there [...]
Google parent Alphabet misses estimates as EU fine takes its toll April 29, 2019 Alphabet missed Wall Street estimates on revenue in its first quarter, while the EU's €1.5bn (£1.3bn) advertising fine weighed on profit. Revenue rose 16.7 per cent to $36.3bn for the first three months of 2019, its slowest pace in three years, missing analyst estimates of $37.3bn according to data from Refinitiv. The parent firm of [...]
