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Technology
Big banks and companies say that Britain is ready to invest.
Before the start of important business talks in London, the biggest banks and corporations around the world said that Britain was ready for investment. It also has "a very real opportunity" to expand its economy.
Five of the largest…
Matt Brittin resigns as Google Europe boss
Google's UK and Europe boss is retiring after nearly two decades in which he guided the internet giant to a $2 trillion market valuation.
Matt Brittin will depart in the New Year as the industry shifts focus to artificial-intelligence…
Google criticizes ‘radical US proposal’ to split parent company
The US government may ask a judge for an order to dissolve Alphabet, Google's parent company.
The US Department of Justice has listed this as one of the remedies after a judge ruled in August that Google built an illegal monopoly.
In…
OpenAI’s funding round values ChatGPT at $157bn
OpenAI raised $6.6 billion as part of a fundraising round, which values ChatGPT at $157 billion. This shows the level of investor confidence in artificial intelligence technology.
San Francisco-based company said that the investment…
OpenAI betting on AI agents becoming mainstream in 2025
OpenAI believes that AI-powered assistants, such as those from Google and Apple, will "hit mainstream" next year, as technology groups race to bring AI agents to consumers.
AI agents that can complete complex tasks and reason for humans…
Epic Games accuses Samsung of blocking rivals
Epic Games, a video game developer that makes Fortnite, accused Alphabet and Google, as well as Samsung - the largest Android phone maker in the world - of conspiring together to protect Google Play Store from competition. Epic filed a suit…
Meta Ray-Ban review: All the AI perks without looking like a technology bro
Mark Zuckerberg unveiled Meta, a pair of smart glasses that translate languages while on the move. He also revealed an artificial intelligence assistant with a voice that sounds like Dame Judi. The Silicon Valley billionaire presented the…
OpenAI CEO to earn $10bn from shift to for-profit model
OpenAI's chief executive is on track to join the ranks of Big Tech Billionaires if the company adopts a "for profit" model. Sam Altman, 39 years old, may be given a 7 percent stake in ChatGPT. The American startup was founded in 2015 as a…
Elon Musk demands boycott of “Soviet” UK for snub at business summit
Elon Musk escalated his verbal war with the UK Government after being refused an invitation to a upcoming business investment conference. The Tesla billionaire responded to the news about the snub by saying: "I do not think anyone should…
PwC partners face pay cuts as profits fall
PwC's 1,036 UK-based partners received an average of £862,000 in profits for the year ending June. This is down from £906,000 a decade ago, when Britain's largest auditor invested in its business. Total revenue (which includes UK, Middle…
Oxford Metrics faces profit warning
Oxford Metrics warned its profits this year would be "materially lower" than expected, wiping out about a fifth of the share price.
Smart Sensing Software, whose products are used to create the digital avatars of Abba Voyage, the virtual…
Avantis grows as demand for VR in US Schools increases
With the virtual-reality headsets from Avantis, students can travel back to the trenches of World War I or even into outer space. To oversee the Gloucester-based firm's fastest-growing US market, real-world sales teams still visit schools…
Tupperware’s party is over, as the company files for bankruptcy
Tupperware's airtight containers, which have become synonymous for food storage, appear to be on their way out. The American kitchenware firm has filed for bankruptcy in its struggle to survive. Tupperware Brands is asking the court for…
Take a chance on the augmented reality glasses but are they seeing clearly?
Evan Spiegel, co-founder of Snap and its chief executive, describes building augmented reality glasses as "a journey", "a blue ocean strategy", or a leap into a new territory.It is a holy grail of technology to be able to incorporate highly…
THG spins off tech services to fix the balance sheet
THG, the struggling online beauty and nutrition company, has announced that it will spin off its technology division in order to improve its balance sheet and share performance.
The Manchester-based company said that it was "actively…
Chinese startup aims to achieve nuclear fusion for half the price of US competitors
China is racing with the West to commercialise the revolutionary clean energy. A Shanghai-based start-up wants to raise $500mn for the development of cheaper nuclear fusion technologies.
Since decades, nuclear fusion - where hydrogen…
Apple loses landmark tax dispute with the EU
Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over "sweetheart tax deals".
The European Court of Justice reversed an earlier ruling that favored the technology group and found that Ireland…
Feeld, a dating app that ‘triples’ in popularity, nearly doubles its revenue to £39.5m
The UK-based company's revenue nearly doubled last year, as users who are non-monogamous and queer helped it expand to other countries.
Feeld was founded by a couple of entrepreneurs in an open relationship. The company has stated that…