Privacy Shield is up and running, but will the US-EU data agreement stand up to scrutiny? July 13, 2016 After months of uncertainty, companies in the EU and the US finally have a legal framework for transferring data about their citizens, like social media profiles and payroll information, across the Atlantic. Yesterday, Brussels formally approved Privacy Shield, a regulatory regime which will govern more than $250bn a year in trade between digital service providers, [...]
Here’s how the UK tech industry feels about Theresa May as PM July 12, 2016 The UK’s tech industry has welcomed the eventual arrival of a new Prime Minister in Theresa May, who effectively became David Cameron’s successor and the woman to lead Britain out of Europe after her only other rival dropped out of the running in the leadership race. The surprise result after one of the most tumultuous [...]
Why companies like Twitter are paying top dollar for AI startups July 12, 2016 Big tech firms acquiring artificial intelligence startups are paying top dollar for them and are increasingly looking for those yet to bring in revenue, bucking the trend of wider tech M&A. “A good AI engineer is worth more than many company chief executives right now,” said Victor Basta of advisory firm Magister Advisors which identified the pursuit of talent in AI as one [...]
Blockchain guru Blythe Masters named Santander adviser July 12, 2016 Santander has put blockchain guru Blythe Masters in charge of advising the bank on the fledgling technology. The former JP Morgan executive has sprung to fame in the world of blockchain with her startup Digital Asset Holdings, which has raised $60m (£46m) from the likes of Santander, JP Morgan and Goldman Sachs, among others. Read more: The government has quietly [...]
These are the next areas that will get Virgin Media’s speedy fibre-to-the-premises broadband July 12, 2016 Virgin Media has named the next 30 rural communities which will gain access to its fibre-to-the-premises (FTTP) network. The areas are expected to be connectable via full fibre by spring 2017 and is the next stage of Virgin Media's Supercharging Local Communities initiative, part of its £3bn Project Lightning network. It's aiming to bring 300 mega-bits-per-second broadband to small businesses located outside major towns and cities. Virgin [...]
How to get Pokemon Go if it hasn’t been released where you live: Your step-by-step guide to entering the world of Pikachu and co July 12, 2016 You want to be the very best. The best there ever was. You have a quest. And you have a cause. There's just one problem. You keep getting up the app store and Pokemon Go is nowhere to be found. Just where did all your friends get those screen shots of Pikachu sitting on a [...]
The new deal for sharing data between the EU and US is officially done July 12, 2016 Businesses can now breathe a sigh of relief about the tricky issues of sharing data across the Atlantic. A new agreement on the rules governing data transfer between Europe and the US has been agreed by Brussels, replacing the Safe Harbour agreement which was torn up by the courts last year. Officials have managed to hash out [...]
Amazon has soared above Buffett ahead of Prime Day July 12, 2016 Amazon is soaring ahead of one of its biggest shopping days of the year Its share price has struck an all-time high and the web giant has overtaken Warren Buffett's Berkshire Hathaway to become the fifth largest company in the world. Jeff Bezos's retail and technology giant has had a stellar year so far that just seems to [...]
A quarter of business services jobs are at risk from robots July 12, 2016 First, the bad news…. a quarter of all jobs in the business services sector are at risk from being taken over by robots. Automation of jobs is likely to make at least 800,000 jobs in the sector obsolete, but as many as one million could be at risk over the next 20 years, according to Deloitte. [...]
Germany’s Siemens makes long-term commitment to UK after Brexit vote July 12, 2016 German engineering and technology company Siemens has made a commitment to the UK after Brexit. The statement comes at a time when several UK-based companies – including easyJet and Vodafone – are understood to be considering moving operations to the rest of Europe. Read more: Siemens, Gamesa join forces to create world's biggest wind farm business But [...]
