US cloud firm snaps up UK startup for European expansion August 17, 2016 US cloud computing company Datapipe has snapped up a UK startup to kickstart its expansion into Europe. It has acquired Adapt, a five-year-old startup majority owned by private equity investor Lyceum Capital and which manages cloud computing services for companies such as Made.com and the National Trust for an undisclosed sum. The firm has not been put [...]
Here’s how important video games are to the UK’s economy August 17, 2016 Video gamers might look like they're slumping in front of the telly, prodding at buttons in a zombie-like fashion – but it turns out they're just doing their bit for the economy. That's according to figures from UK games industry body Tiga, anyway, which has found the UK's video games sector grew to record levels in [...]
Uber launches legal challenge over new London taxi rules August 16, 2016 Uber has launched legal action against London's transport regulator over new rules that threaten to limit its business in the capital, City PM can exclusively reveal. The billion-dollar startup is seeking a judicial review to halt the introduction of new rules it claims are too strict. Transport for London set out new regulations earlier this year after a [...]
Everyone will benefit from the coming “brain free” car revolution August 16, 2016 Driverless cars are making headlines, with the future of travel revealing itself to be grounded very much in the present. It’s a thrilling time to be in the motor business as trials of new vehicles are gaining momentum. And while it will take time for the technology to be fully rolled out on our roads, completely [...]
Driverless cars, artificial intelligence and blockchain: Meet the Gartner Hype Cycle of 2016 August 16, 2016 Driverless car technology is careering towards the trough of disillusionment after hitting the peak of hype, according to Gartner analysts monitoring the progression of the world's emerging technology trends. The firm's annual Hype Cycle tracks where trends such as virtual reality, robotics, personal voice assistants and, of course, driverless cars, are in their journey from talked-about technology to [...]
Apple is increasing its investment in China August 16, 2016 Apple is planning to increase its investment in China and will build its first ever research and development facility in the country, the tech company has revealed. Boss Tim Cook is visiting the country and commented on the plans during a meeting with China's vice premier Zhang Gaoli, according to China's official state broadcaster. "We look [...]
If security breaches are inevitable, what are businesses to do? August 16, 2016 "It's not if, but when your company will be breached.” This is an oft-repeated line in the cyber security industry, and it puts business executives in a catch 22 position. They care about security and know how important it is, but the message they are hearing is: “the hackers will always win”. Bosses are left [...]
Deliveroo: Startup surprised and sorry after pay row August 15, 2016 One of Britain's hottest startups, Deliveroo, has apologised to its drivers for poorly communicating a new trial pay structure which had led to protests in central London. UK managing director Dan Warne told City PM the company was surprised and upset over the matter, but admitted something had clearly gone wrong in the way it consulted drivers on the changes, which it says have already [...]
Twitter cracks $20 for first time since March August 15, 2016 Twitter's stock has cracked the $20 mark for the first time in months and for only the second time since January, after opening as much as four per cent higher on Monday morning trading in New York. The beleaguered social network was likely buoyed by reports that it is in the midst of negotiating an ambitious deal [...]
London cabbies welcome a review of new Uber rules August 15, 2016 London's black cab drivers expect the Mayor of London to look again at the way the industry is regulated in the capital after arch-rival Uber called on the Mayor of London to do just that. Business groups and entrepreneurs yesterday backed a rethink, calling on Sadiq Khan to review the new rules governing Uber and other minicab firms [...]
