Cambridge tech startup backed by ‘Godfather of AI’ raises £24m Tech A Cambridge based artificial intelligence (AI) startup developing next-gen materials for sustainability and clean energy has secured $30m (£24m) in seed funding.
Social media giants in the spotlight as parties throw money at online ads MEDIA Social media companies’ political advertising policies are likely to come under increasing scrutiny as UK political parties throw more money at online ads in the run up to the election, Jess Jones writes
Meta to face £2.2bn class action after failing to overturn approval LEGAL Meta is set to face £2.2bn over allegations it abuses its dominant market position by imposing unfair terms after the Tribunal threw out its appeal
Meet the fund manager: Stephen Yiu on Meta, Nvidia and cashing in on the AI boom April 29, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Stephen Yiu, manager of Blue Whale Growth fund.
Regulator: Working with big tech including Google, Microsoft, Amazon, Apple and Meta is top priority April 22, 2024 If the FCA deems technology companies' data useful for finance, it will "incentivise" sharing through Open Banking.
‘Magnificent Seven’ sell-off ahead of big week for big tech April 22, 2024 Big tech share prices have been dented by a sector-wide sell-off of risky assets ahead of four "Big six" firms reporting Q1 results.
Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.
UK to reveal social media ban plans for under-16s within weeks April 14, 2024 Downing Street is reportedly set to reveal the proposals for stricter age restrictions on social media apps within weeks.
Amazon, Dell, Google and Microsoft: Nearly 60,000 tech layoffs so far in 2024 and ‘more pain to come’ April 4, 2024 The tsunami of tech layoffs which plagued much of 2023 has continued to hit companies of all sizes this year.
Meta under fire may face £10m fine from EU December 20, 2022 Meta, Facebook’s parent company has been accused of flouting competition rules by an EU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media [...]