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Amazon and Microsoft claim UK anti-monopoly measures risk investment
Amazon and Microsoft warned that the stranglehold they have on the £15bn market for cloud computing threatens their investment in Britain. This is the latest in a series of tensions between Big Tech and regulators.
The rivals…
Apple accused of colluding with Amazon to artificially keep iPhone prices high
Apple is accused of striking an agreement to artificially raise the price of its iPhones, Beats headphones, and other products sold on Amazon.
In a case filed today at the UK Competition Appeal Tribunal, two of the world's largest…
Magnificent seven tech companies have saved the stock market, but they are now riding to a fall
This is a fascinating fact: the latest leg of America’s long bull-market was driven almost exclusively by seven stocks, namely Alphabet (Alphabet), Apple (Apple), Meta (Microsoft), Nvidia, and Tesla. These are what Bank of America…
Microsoft faces EU investigation over Teams and Office bundles
Microsoft will be investigated by the EU for allegedly bundling Teams videoconferencing software with Office. The European Commission is stepping up its pressure on the tech giant.
Four people who have direct knowledge of the thinking of…
Nuclear fission start-up backed by Sam Altman to go public
The CEO of OpenAI, who is the founder and backer of a nuclear fission startup backed by Sam Altman, will merge the company with a special-purpose acquisition company he has set up. This deal values the business at approximately $850mn.…
Welcome to London, where streets are lined with US technology
Some days you can't get anywhere in Covent Garden or Fitzrovia because of American tourists, but the US accents in the bars and restaurants near the tourist hotspots are not always those of travellers. US tech companies and investors are…
Facebook faces a new setback following the EU ruling on personal data
Facebook, Meta's social network, has suffered another setback with the way it uses its data for online advertising. The EU's highest court ruled on Monday that competition regulators can probe companies to see if they comply with privacy…
Google quantum computer makes calculations in seconds that would take competitors 47 years to make
Google has claimed to be superior to conventional machines
Google has created , a quantum computing machine which can perform calculations in seconds that would otherwise take 47 years for the best supercomputers. This is a…
Silicon Valley VCs rush into defence technology start-ups
The investment in start-ups in the military technology sector is growing as the US government becomes more confident that it will award lucrative contracts to Silicon Valley firms developing cutting-edge defence technologies.
US venture…
EU probe threatens Adobe’s 20bn acquisition of Figma
As global watchdogs express concern about market consolidation, a lengthy antitrust investigation in Brussels is underway. Adobe’s $20bn deal to acquire rival Figma is set to face a lengthy antitrust investigation in the EU, in the latest…
The US blocks Microsoft’s $69bn deal to boost Britain
The US government is supporting Britain's Competition Watchdog to try and block Microsoft's $69bn takeover by Activision Blizzard.
Last night, the Federal Trade Commission was poised to seek an injunction to prevent the merger before…
EU approves Microsoft-Activision Blizzard acquisition despite UK decision to block the deal
The EU has cleared Microsoft's $75bn purchase of Activision Blizzard. This is a break from the UK, which was blocking the largest gaming deal.
Margrethe Vestager said that Microsoft made concessions in order to ease its concerns. This…
OpenAI’s Sam Altman closes to $100mn funding Worldcoin crypto project
OpenAI's Sam Altman has secured around $100mn of funding to fund his plan to create Worldcoin - a global secure cryptocurrency based on iris scanning technology. This would be an unusual bright spot in a sector that has had a difficult…
Activision Blizzard hires a legal heavyweight to combat UK’s blocking of Microsoft deal
Activision Blizzard hired Lord David Pannick KC to fight the UK Competition Regulator's decision to block their $75bn deal. His recent cases included Boris Johnson's “partygate” probe.
According to sources familiar with the hiring, …
The healthcare system is rushing to release breakthrough AI models, despite profound questions.
CHICAGO - Industries grapple with the potential of ChatGPT - a breakthrough application that generates responses similar to those given by humans.
Healthcare is not an exception. ChatGPT, the underlying technology of ChatGPT, is being…
Co-founder of Arm partly blames Brexit idiocy for US flotation
A co-founder at the Cambridge-based chip manufacturer believes that the "idiocy of Brexit" was partly responsible for Arm's choice to list in New York rather than London. However, a secondary listing on the London stock exchange would be a…
Shares of education companies fall sharply following a warning about ChatGPT
Investors bet on artificial intelligence to upend business models after a warning from edtech firm Chegg.
California-based Chegg provides online study guides. On Monday night, the company admitted that "significant interest from…
UK Government to Water Down Fraud Proposals for Tech Groups
Ministers expect to move to voluntary agreements rather than making companies liable for compensationUK ministers are poised to water down proposals to force tech companies to pay compensation to victims of online financial scams, after…