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Technology
Chinese startup aims to achieve nuclear fusion for half the price of US competitors
China is racing with the West to commercialise the revolutionary clean energy. A Shanghai-based start-up wants to raise $500mn for the development of cheaper nuclear fusion technologies.
Since decades, nuclear fusion - where hydrogen…
Apple loses landmark tax dispute with the EU
Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over "sweetheart tax deals".
The European Court of Justice reversed an earlier ruling that favored the technology group and found that Ireland…
Feeld, a dating app that ‘triples’ in popularity, nearly doubles its revenue to £39.5m
The UK-based company's revenue nearly doubled last year, as users who are non-monogamous and queer helped it expand to other countries.
Feeld was founded by a couple of entrepreneurs in an open relationship. The company has stated that…
Reaction Engines Faces Investor Writedowns as Valuation Plummets
In a significant setback for British aerospace innovation, Reaction Engines, the company developing a revolutionary space vehicle engine, has seen major investors drastically reduce the value of their stakes. Artemis, a prominent…
Chinese EV Maker Xpeng Unveils Low-Cost Electric Car with Self-Driving Capabilities
Chinese electric vehicle manufacturer Xpeng has launched a new, affordably priced electric car that incorporates technology acquired from ride-hailing giant Didi's failed attempt to enter the highly competitive automotive market in China.…
Kaikaku The London Startup Revolutionising Fast Food with Robot Chefs
In the heart of London, a pioneering startup is set to transform the fast food industry with its innovative robot chefs. Kaikaku, founded by a group of young entrepreneurs, has raised £1.9 million to develop a cutting-edge machine system…
Bacteria Revolutionising Rare Metal Extraction for Green Tech
As the world grapples with the pressing issue of climate change, scientists at the University of Edinburgh have forged an unconventional partnership in their quest for sustainable solutions. By harnessing the power of bacteria, they aim to…
Nvidias Meteoric Rise Can Anything Halt Its Momentum
In the realm of semiconductor giants, Nvidia has emerged as the undisputed frontrunner in the race to develop chips that power the explosive growth of artificial intelligence (AI). The company's meteoric rise has been nothing short of…
AMD Acquires ZT Systems in 49 Billion Deal to Bolster AI Infrastructure Capabilities
In a bold move to challenge Nvidia's dominance in the AI infrastructure market, Advanced Micro Devices (AMD) has announced the acquisition of ZT Systems for $4.9 billion in cash and stock. The California-based chipmaker aims to accelerate…
Big Tech Pledges Over 100 Billion Dollars in AI Infrastructure Spending Amidst Market Scepticism
In a bold move, tech giants Microsoft, Alphabet, Amazon, and Meta have collectively increased their capital expenditure by an astonishing 50%, surpassing the $100 billion mark this year. This massive investment aims to develop the…
ChatGPTs Welsh Language Glitch Leaves English Users Baffled
In an unexpected twist, ChatGPT users in the United Kingdom have found themselves perplexed by the AI chatbot's propensity to respond in Welsh, despite being prompted with English-language queries. This peculiar glitch has come to light as…
US Considers Google Break-Up After Monopoly Ruling
Google's parent company, Alphabet Inc., faces potential divestiture of key operations following a landmark ruling by a US federal judge, which found the tech giant guilty of maintaining an illegal monopoly over online search. The US…
Elon Musk Sues OpenAI For ‘Shakespearean Perfidy And Deceit’
Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company of "perfidy" and "deceit of Shakespearean proportions".
Musk's latest attack on OpenAI, the company he founded in 2015,…
ReNeuron Group Focuses on Exosome Technology Validation and Seeks New Investors
ReNeuron Group PLC (AIM:RENE, OTC:RNUGF), a stem cell-derived exosome-based drug delivery platform developer, is currently seeking new investors to enable the company to trade as a going concern following its exit from administration. The…
Tech Giants Face Correction Amid AI Boom Doubts and Mixed Quarterly Results
The magnificent seven, a group of technology stocks that has dominated the US stock market, has experienced a tough week as doubts about the return on artificial intelligence (AI) investments, mixed quarterly results, and weak US economic…
Intel reduces 15,000 jobs to catch up with AI chips
Intel plans to cut 15,000 positions as it attempts a revival of its manufacturing operations that have fallen behind the development and artificial intelligence.
In New York, the shares of American chipmaker were down more than 20% in…
Apple beats Wall Street forecasts despite iPhone slide
Apple exceeded Wall Street's expectations in the fourth quarter, as a rise in demand for iPads and Macbooks compensated for a drop in iPhone sales.
The most valuable company in the world, valued at more than $3 trillion on the stock…
US tech stocks have had their worst day since 2012.
Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla.
The Nasdaq Composite dropped by 3.6% to a new low for…