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Technology

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…

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…

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…

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…

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…