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Technology
Apple faces UK investor protest over rogue AI threat
Apple is being pressed by two of Britain's largest fund managers to provide more information about its ethical policies when using AI. Their concerns range from the use of AI to create fakes and deep ones to customer privacy.
Legal &…
Nvidia drives US stock markets to new highs
The American stock market closed Thursday night at a record high, thanks to strong results from Nvidia Corporation as well as a forecast for huge demand for the company's industry-leading artificial Intelligence chips.
The S&P 500…
Alliance Trust is on a roll thanks to the technology stocks boom
Alliance Trust raised its yearly dividend for the 57th consecutive year due to improved investments in the technology and financial service sectors.
The investment trust announced a payment of 6.34p per share for the fourth quarter last…
Nvidia’s results put talk of tech bubble at centre stage
Jensen Huang told a conference in Dubai last week: "This is the beginning of a new industrial revolution. This is about the production, not of energy, not of food, but of intelligence. Every country should produce their own intelligence.…
Relx increases dividends after AI demand soars
Relx increased its dividends and began a £1-billion share buyback in response to the strong demand for its artificial intelligence (AI) products from scientists and lawyers, and its continuing recovery in its events business.
In the…
Mark Zuckerberg takes aim against Apple’s new headset
Apple's Vision Pro has made headlines in the past month, as celebrities such as Casey Neistat (a YouTube personality) and T-Pain (a singer and songwriter) wore it out. The "passthrough" function allowed them to view their surroundings when…
Green jet fuel firm Velocys to quit Aim in $40m rescue deal
A government-backed business whose technology can turn waste into jet fuel has been rescued in a deal in which it will be delisted from London's Aim.
Velocys had been fearing for its future when a funding round fell apart late last year,…
TikTok and Universal Music face legal battle over copyright
According to a prominent music lawyer, the threat of a major copyright lawsuit looms over TikTok, because songs by Universal Music artists such as Taylor Swift and BTS are being used despite the label removing its catalogue from the…
Guardian prepares for job cuts as drought in online advertising hits publishers
The Guardian's staff is bracing for job cuts, after their bosses informed them that the publisher will make a £39million loss annually due to a slump on the digital advertising market.
The Guardian's troubles, which were revealed to its…
Oxford friends share eight-figure payouts when Americans buy their company
A technology company powered by AI founded by three Oxford University grads will be acquired by a US group, making at least 12 of its employees millionaires.
Entrust, an American payments and data security company, has acquired Onfido of…
SoftBank retorts, vowing to pursue new AI investments
A leading tech investor in the world has announced a profit for the first quarter since more than a full year. This was due to a windfall from T-Mobile shares and rising stock prices.
Softbank posted a net income of $6.4 billion in the…
Uber’s first operating profit turns the corner
Uber Technologies reported its first annual operating profit in history. The demand for its ride-sharing business, advertising, and food delivery was a major factor.
The company's operations generated $1.1 billion of income in 2023. This…
Jeff Bezos toasts $8bn Amazon delivery
According to filings, Jeff Bezos will make more than $8 billion from the sale of a large stake in Amazon.
The third richest man in the world, with a net worth of $185 billion (£146billion), is looking to sell up to 50 millions shares in…
UK taxpayers invested £400m in OneWeb. Its technology is now a gift for France.
Pouring £400 million of taxpayers' cash into a bankrupt satellite company in the middle of a pandemic was something of a head-scratcher for the public. But for Dominic Cummings, spending the money in June 2020 to rescue the British…
Investors punish Alphabet, owner of Google, for its advertising shortfall
Alphabet disappointed its investors when holiday advertising sales fell below expectations. This overshadowed the company's efforts to develop artificial intelligence and cloud computing.
Google, the owner of YouTube and Google, fell…
PayPal will cut 2,500 jobs in an effort to re-size itself
Alex Chriss, the CEO of PayPal, said that it plans to cut 2,500 jobs or 9% from its global workforce this year.
In a memo sent to employees on Tuesday, the newly-appointed CEO explained that the decision had been made to "right size" the…
Microsoft AI advancements boost revenues to $62bn
Microsoft's Cloud and Windows services helped it beat Wall Street forecasts of revenue for the second quarter.
Analysts had estimated that revenue would be $61.12 billion, but it rose 18% to $62 billion.
Microsoft's Intelligent Cloud…
Apple claims UK could secretly veto global privacy tools
If the UK Home Office refused an update under the proposed changes to existing laws, then it could not be released anywhere else and the public wouldn't be informed.
The Government is looking to update the Investigatory powers Act (IPA)…