Technology

Envestnet, which sells specialised software for wealth management, has agreed to get acquired by an American private equity group, and a consortium consisting of traditional asset managers. The $4.5bn transaction shows how traditional…

Microsoft and Apple resigned from their board observers seats at OpenAI to quell global regulators' concern over the close relationship between big tech companies and a few powerful AI start ups. Microsoft, less than nine months after…

Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners. The online supermarket group and technology company announced that it would expand its partnership with Aeon - Japan's largest grocery retailer…

Jeff Bezos is the founder and executive chair of Amazon and a multi-billionaire. He plans to sell shares worth almost $5 billion in the ecommerce group and technology. This will bring his total sales this year to over $13.4 billion. The…

The partnership between GSK CureVac that was formed during the pandemic is now restructured into a deal valued at up to €1,45 billion. The FTSE 100 drug company has acquired full rights worldwide to develop, manufacture, and…

Tesla's deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand. Elon Musk's carmaker delivered 443,956 cars in the three-month period ending June. This is a 4.8% drop year-on-year, but…

The proposed Japanese takeover by Graphcore of the British artificial-intelligence company is being reviewed for national security reasons amid concerns that foreign investors are targeting UK technology. SoftBank, a Tokyo-based…

Auditors have warned that the British arm of Atos - the French technology firm which is a key supplier to the NHS and UK Government departments - faces "material uncertainty" about its ability continue as a running concern. Grant…

Vodafone's boss has warned that Britain's ambitions of becoming a leader in artificial-intelligence are at risk due to substandard mobile data networks. Margherita Dela Valle warned that the UK would be slower to adopt the technology and…

Jensen Huang, the Nvidia CEO, has been claiming for years that data centres around the world will have to undergo a complete overhaul to meet the needs of generative AI. He claims that $1tn will be needed over the next 4 to 5 years to train…

Mistral AI, a French artificial intelligence startup founded just a year ago by former employees of Meta and Google's DeepMind, has achieved an impressive 640 million in its Series B round, led by US venture capitalists General Catalyst,…

The enthusiastic response to the listing of a British tech company at the London Stock Exchange has given rise to hopes that UK markets will be able to recover ground lost against their international competitors. The shares of Raspberry…

Nvidia has surpassed Apple as the second-most valuable company in the world, thanks to a surge in its share price. Microsoft is the most valuable company in the world with a $3.15 trillion market value. Nvidia shares, which are used…

Microsoft, OpenAI, and Nvidia are now under increased scrutiny for their role in the artificial-intelligence industry. US regulators have reportedly agreed to investigate the companies. New York Times reports that the US Department of…

Elliott Management, an activist American investor, has repurchased a significant stake in SoftBank, and now wants the Japanese technology fund, SoftBank, to deliver returns for shareholders worth billions of dollars. The US hedge fund…

News Corporation announced an innovative, multi-year deal to provide news content from their publications to OpenAI. OpenAI is one of the leaders in artificial intelligence. The multi-media group, which includes The Wall Street Journal…

Leading British technology company is restructuring their balance sheet. This fuels speculation about a possible deal with SoftBank - one of the largest investors in this sector. Graphcore, a Bristol-based semiconductor company, has…

Nvidia announced record quarterly revenues on Wednesday, fueled by the explosive growth in artificial intelligence adoption among corporations. Jensen Huang is the founder and CEO of Nvidia. He said, "The next Industrial Revolution has…