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Tech
SpaceForge, a British startup, receives a $1bn Nato fund to help build space factories
The Nato alliance has invested $1.1bn (£870m ) in a British start-up, which is planning to launch robot factories into the space.
Cardiff's Space Forge is looking to launch satellites and take advantage of the low gravity conditions to…
Mistral AI Secures $6 Billion Valuation in Second Funding Round for Open-Source AI
Mistral AI, a French artificial intelligence startup founded just a year ago by former employees of Meta and Google's DeepMind, has achieved an impressive
640 million in its Series B round, led by US venture capitalists General Catalyst,…
Mistral receives €600mn in funding after valuation soars up to €6bn
Mistral AI is a Paris-based artificial-intelligence start-up that has raised €600mn at a valuation close to €6bn. This comes just one year after Microsoft and Nvidia backed the company, which was initially launched as a rival for OpenAI.…
Apple will debut ‘Apple Intelligence,’ a new version of Siri with ChatGPT at WWDC in…
Tim Cook, Apple's CEO, announced Monday a series generative artificial-intelligence products and services during his keynote address at the company’s annual developer conference WWDC. These included "Apple Intelligence", and a partnership…
Amazon delays order of Nvidia’s’superchips’ in anticipation of updated model
Amazon's cloud computing division has decided to delay the use of Nvidia’s most advanced “superchip” in order to wait for a newer, more powerful model. Investors are worried about a drop in demand during Nvidia's $2.3tn product cycle.
In…
Reddit Shares Soar After Announcing Partnership with OpenAI
In a move that sent Reddit (NYSE:RDDT) shares surging by 14% in after-hours trading, the social media platform announced a groundbreaking partnership with OpenAI, the creator of ChatGPT. This collaboration is set to revolutionize the way…
Sony Music warns tech companies and streaming services about AI usage of its artists
Sony Music has sent warning letters to over 700 artificial intelligence developers around the world and music streaming services in an effort to combat tech groups that are ripping artists off.
The Sony music letter, seen by many,…
The tech firm Raspberry Pi prepares for a London Stock Exchange IPO
The British technology firm Raspberry Pi confirmed its intention of flotation in the UK. This is a major boost for the London Stock Exchange.
Cambridge-based company, best known for its low-cost computers that help children learn…
Apple’s latest iPads feature a ‘powerful chip for AI.’
Apple's new iPads feature what the company calls "an insanely powerful chip for AI", a sign of its growing focus on artificial-intelligence services.
Just months after introducing the M3 chip with new Macs, the company announced the "M4"…
General Catalyst, Silicon Valley’s tech startup fund, closes on a $6bn target
General Catalyst, one of Silicon Valley's largest venture capital firms, is poised to raise almost $6bn in order to invest in start-ups. This shows that the sector can still attract investors despite a recent fundraising drought.…
How shoppers at supermarkets became part of the £2bn Gold Rush
Grocers are following in Amazon's footsteps in their pursuit of the retail 'holy-grail'
Spotify users are known to flood social media in the last weeks of the year with their favorite songs, artists, and genres.
Spotify Wrapped is a…
Investors react to plans to increase AI spending by reducing Meta value by $190bn
Meta shares fell 15% on Wall Street when it opened on Thursday. This wiped out $190bn from the parent company of Facebook and Instagram. Investors reacted after a promise to increase spending for artificial intelligence.
Mark Zuckerberg…
The competition watchdog is’really concerned’ about the AI dominance of big tech
The UK's Competition Regulator has expressed "real concern" that Apple, Amazon, and Microsoft are using their dominance of the artificial intelligence world in a manner that could harm customers.
The Competition and Markets Authority is…
Amazon eliminates the ‘just walk-out’ checkouts in grocery stores
Amazon has scrapped its "just walk-out" technology after trying for years to get traction with its checkout-free offering.
The decision was made on Tuesday to abandon the technology in grocery stores, but the change will not be…
US accuses Apple of building smartphone market monopoly in antitrust case
In the latest attack on the Big Tech giants, Joe Biden's government is suing Apple over its alleged use of power to limit competition and restrict consumer choice in the smartphone industry.
Apple is under pressure from rivals and…
Apple to be hit with the first ever music streaming fine of €500mn by EU
Five people who have direct knowledge of this long-running investigation claim that Brussels will impose the first fine ever on Apple for allegedly violating EU law regarding access to its streaming music services.
The fine is estimated…
Since the start of the year, tech companies have cut 34,000 jobs in a pivot to AI
As they invest in new areas like generative artificial intelligence, tech companies have cut 34,000 jobs.
According to Layoffs.fyi which tracks attrition within the industry, Microsoft, Snap and PayPal each have eliminated hundreds or…
The stock market is about to be transformed by big tech
The massive dividends announced by Meta last week, the company which controls Facebook and Whatsapp will buy a lot hoodies and at least generate enough cash for Sir Nick Clegg to think twice about returning to British politics.
Mark…