Johnson Matthey has announced a significant reduction in the sale price of its Catalyst Technologies division to Honeywell. The UK chemicals group has amended the financial terms, dropping the deal’s
Technology
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The increasing demand for memory chips driven by the artificial intelligence boom is creating a global shortage that threatens to disrupt the supply of essential electronic devices. Major technology companies,
Nearly 400 million viewers tuned in to witness a spectacular performance at the Chinese New Year Spring Festival Gala, featuring a troupe of humanoid robots that showcased their capabilities through
The artificial intelligence sector’s voracious appetite for data centre infrastructure has created a new supply constraint in computer hardware markets. After driving random access memory prices to unprecedented levels in
OpenAI’s venture into consumer hardware appears poised to encounter the same obstacles that have plagued similar artificial intelligence devices in recent months. The company, which enlisted former Apple design chief
Enthusiasm surrounding an open-source artificial intelligence agent has generated hardware shortages, propelled a modest British technology stock to substantial gains, and initiated an unanticipated wave of consumer expenditure within the
Accenture, the world’s largest consultancy firm, has initiated a monitoring programme to assess how often staff utilise artificial intelligence tools. This move is part of a broader strategy to ensure
A London-based technology company, Fyld, has successfully raised £32 million to enhance its operations in the United States. The firm, which focuses on providing safety solutions for civil engineering and
A British satellite company has successfully raised 30 million in funding, supported by the Nato Innovation Fund, as the UK intensifies efforts to advance its position in the competitive space
Recent developments in the job market reveal a troubling trend among major technology companies, particularly with aggressive layoffs following a period of rapid hiring. Firms such as Amazon, which significantly
Sony is reportedly facing significant delays in the launch of its upcoming PlayStation 6. The company is struggling to secure vital components amid a global shortage of memory chips, a
A British private equity firm, Apax Partners, has withdrawn its £575 million bid for Pinewood Technologies, causing the latter’s shares to drop significantly. The announcement was made following a decline
The tech industry is bracing for significant challenges as prices for gadgets are expected to rise. This anticipated shockwave stems from various factors influencing supply chains and manufacturing processes. Consumers
The recent surge in artificial intelligence has begun to impact various sectors, including the property market. Property companies are facing significant headwinds as investors express concerns over the potential for
David Schwimmer, the chief executive of London Stock Exchange Group, finds himself navigating choppy waters, as activist investor Elliott Management has targeted the company. This comes at a time when
A London-based technology firm, Tem, has secured $75 million in a funding round led by US investor Lightspeed Venture Partners. The investment values the four-year-old company at approximately $300 million
