Twitter could introduce encrypted messaging feature today, Musk says SOCIAL MEDIA Twitter could release an encrypted messaging feature on its app today, the company’s chief executive Elon Musk said. In a tweet on Tuesday, Musk said that an encrypted direct messaging feature “should” be rolled out today. In theory, this would mean only the sender and recipient of the message could read it. “The acid test [...]
Virgin Media O2 reports slight bump in revenue after price hikes TELECOMS Virgin Media O2 reported a slight increase in revenue in the first quarter of 2023 as a result of price increases and stronger consumer retention. Adjusted quarterly revenue increased by 3.9 per cent on the same period last year to £2.6bn, the company announced today. Adjusted EBITDA for the first quarter increased by 2 per [...]
Pearson integration of AI appears to excite investors as share price rises Pearson Educational publisher Pearson is embedding AI across its products as the AI race heats up and the technology encroaches on the edtech sector. The London-based publisher said on Tuesday that projects to embed generative artificial intelligence (AI) technology — meaning tools which can create new content from large data sets — were already “well underway.” [...]
LinkedIn latest tech giant to axe jobs blaming ‘drop in demand’ May 9, 2023 LinkedIn is culling over 700 jobs and closing its local app in China, blaming a slump in consumer demand and turbulent market conditions. In an email to LinkedIn employees, Ryan Roslanksy, LinkedIn chief executive. said the changes would be made in order to shake up the business, which is being hit by slower revenue growth. [...]
London tech grandee lined up to lead embattled WANdisco’s recovery effort May 9, 2023 The beleaguered data firm WANdisco is set to appoint the businessman Stephen Kelly as interim chief executive, it announced on Tuesday. Kelly previously served as chief executive of the software companies, Chordiant, MicroFocus and most recently FTSE100 constituent, Sage, until 2018. “I am a firm believer in the potential of WANdisco’s technology to become a [...]
AI doing the work of over 200 people at Octopus, chief executive says May 8, 2023 Octopus Energy customers are more satisfied with AI bots answering their emails than humans, the energy provider’s chief executive revealed on Monday. Writing in the Times newspaper, the energy company’s chief executive, Greg Jackson, said the technology was doing the work of 250 people by answering customer emails and had received a 80 per cent [...]
Activision deal: Survey says CMA wrong to block Microsoft tie-up May 8, 2023 A quarter of the public thought the UK competition watchdog was wrong to block Microsoft’s $70b deal to acquire Activision Blizzard, a new poll has found. One in four of the public were opposed to the UK Competition and Markets Authority’s (CMA) decision to block the deal, while a further 16 percent thought it was [...]
UK antitrust agency probes AI market as calls for regulation grow louder May 4, 2023 The UK's competition regulator has launched a review into the advancement of artificial intelligence, it confirmed today, amid growing concerns over its unchecked power to potentially overhaul the jobs market and spread misinformation.
Vodafone and CK Hutchinson close to merging UK telecoms businesses May 4, 2023 Vodafone and CK Hutchinson are close to agreeing a merger of their UK telecoms businesses, according to reports. The new company would have an enterprise value of £15bn and would be the UK’s largest mobile provider with 28m customers, the Financial Times reported on Thursda, citing people familiar with the matter. The move to combine [...]
Domino’s takeaway: Pizza chain announces £20m share buyback as UK sales soar May 4, 2023 UK consumers shrugged off inflation and a cost of living crisis to order more pizza, according to UK and Irish-based chain Domino’s. The fast food chain said sales increased to £386.6m across its branches, up 5.6 per cent compared to the same period last year. Quarterly orders at Domino’s Pizza group grew 2.8 per cent [...]
