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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…