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Tech
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…
Amazon cancels $1.45bn iRobot deal over EU threat to block deal
Amazon announced on Monday that it had cancelled its $1.45bn purchase of Roomba manufacturer iRobot, as EU regulators were preparing to block the deal over concerns about competition.
In a Monday statement, David Zapolsky Amazon senior…
British inventors seek to bite Apple for $18bn in patent war
As a plumber tycoon Patrick Racz had become accustomed to deluges. But circumstances led to a very different kind of drenching, sitting in his local park in the rain contemplating the demise of his business during the dotcom crash. "I lost…
OpenAI warns that a crackdown on copyright could lead to the demise of ChatGPT
The creator of ChatGPT warned that , a ban on the use of news and books for training chatbots, would doom artificial intelligence development.
OpenAI told colleagues that it would "be impossible" for it to create services like ChatGPT,…
Apple’s services business, worth $85bn a year, faces legal consequences
Apple will face a legal reckoning by 2024. A series of regulatory decisions made by US and EU authorities in the next few months will determine the future for its $85bn services business.
Apple's biggest blow could be a US antitrust case…
Apple resumes US Watch sales after court order suspends ban
Apple has resumed sales of its Watch Series 9 & Ultra 2 in the US after an appeals tribunal halted the ban imposed by a trade court. This is the latest development in a patent dispute with health technology company Masimo.
Apple…
Peter Hargreaves Blue Whale’s profits drop on tech bets
Blue Whale Capital, a fund group founded by billionaire Peter Hargreaves and co-founded with him, reported a decline in revenue as well as profit after the sharp sell-off of tech stocks in the last year.
The Blue Whale Growth Fund…
Apple stops US Watch sales before Christmas following patent loss
Apple will cease selling smartwatches in its own US stores by Christmas, after losing a case of patent infringement. This is a major blow to the company during the holiday season.
Sales of Apple Watch Series 9 and Ultra 2 will be stopped…
Scientists say a breakthrough in weather forecasting could be revolutionary
Creators of the new technology say it could revolutionise forecasting.
Google Deepmind's new technology allows 10-day forecasts to produced in less than a minute. Deepmind claims that the technology is able to produce weather forecasts…
Solar panel record broken with “miracle material”
Researchers have developed a miracle material that has broken the record for solar panels electricity generation.
Longi, a Chinese solar technology company, has set a new record of 33.9% for a tandem silicon-perovskite solar cell. This…