Musk to step down as Tesla chairman and pay $20m fine in settlement with US regulators September 30, 2018 Elon Musk is to step down as chairman of Tesla after settling a fraud lawsuit with US regulators over tweets he made about taking the firm private. The billionaire boss of the electric car-making firm has also agreed to pay a $20m (£15m) fine from the US securities and exchange commission (SEC), staving off a [...]
Apple’s profits are expected to be dragged down by iPhone X manufacturing issues October 29, 2017 Manufacturing setbacks for Apple’s new £1,000 iPhone X are expected to hit the firm’s full-year profits this week. The tech giant’s premium iPhone X sold out almost instantly last week, but customers were upset to find delivery estimates climbing just minutes after pre-orders opened. While demand for the X has been strong, reports of manufacturing [...]
Nico Rosberg on his new life as a tech investor: “I struggle to invest in some boring s**t. For me it’s important that they’re cool.” October 11, 2018 His racing days might be behind him but the competitive fire still burns inside Nico Rosberg – only now the ex-Formula One world champion has an altogether different outlet. Since his sudden retirement in 2016, Rosberg has embarked on a second career as an investor, with a particular focus on tech-leaning companies such as Uber [...]
What is 5G and how does it work? Everything you need to know about the next-generation network July 26, 2019 Mobile operator EE hit the headlines last week when it launched the UK’s first 5G network at a lavish launch party on the river Thames. EE boss Marc Allera hailed a “historic moment” as the firm live-streamed a performance by hit rapper Stormzy against the iconic backdrop of Tower Bridge. Customers on EE can now [...]
Ctrl Alt Delete: Technology could replace more than half of banking jobs, warns ex-Barclays boss August 23, 2018 Technology could replace more than 50 per cent of banking jobs, according to former Barclays chief executive Antony Jenkins. The boss of 10x Banking said that computers could replace customer service, middle and back office roles, and that the workforce will have to become more entrepreneurial. Read more: Aberdeen Standard Investments launches AI fund "We've [...]
iPhone XR review: Apple’s ‘affordable’ handset is the best pound-for-pound phone on the market right now November 7, 2018 Last month Apple released the best phone money can buy, the iPhone XS, which also happens to be a phone that costs more than any other. Prices start at an overdraft-worrying £999 for the 64GB XS and go up to a nosebleed-inducing £1,449 for the 512GB XS Max. In a tacit acknowledgement that a grand [...]
LBX Weekly Market Overview 28th August: A ride on the crypto carousel with LBX, The London Block Exchange August 28, 2018 The markets have been taking us on a rollercoaster. We witnessed a market cap of over £650BN in January 2018, but since reaching that peak it has dropped over 75%. Today, the space is valued at £156BN – a cap reminiscent of last November. Despite the widespread price drops of cryptoassets, however, crypto-based businesses have [...]
AI research company is making a plan for how Mayor of London Sadiq Khan can promote AI in London March 22, 2018 Mayor of London Sadiq Khan hired London-based artificial intelligence research group CognitionX to plan how the city can best harness AI. Khan said he believes that London is already in a strong position in the data economy, so he wants CognitionX to produce a report that outlines how AI can positively progress the city’s policies [...]
Litecoin is trying to issue debit cards again April 12, 2018 The Litecoin Foundation partnered with TenX, a startup cryptocurrency payment platform, to try offering debit cards. This is the Litecoin Foundation’s second foray into plastic after a largely hyped up but failed venture last month when its payment processor LitePay ceased operations. “TenX recently added LTC to their wallets, and we are working with them [...]
London startup investor Future Planet Capital promises up to £30m for spinouts from China’s Tsinghua University X-lab December 20, 2017 Future Planet Capital (FPC), a London-based investor which funds innovative startups, has announced it will invest up to £30m in businesses spinning out from China’s Tsinghua University. Tsinghua University’s X-lab is a platform which supports and facilitates startups founded by Tsinghua alumni, students or faculties. Since its launch in 2013, it has worked with more [...]