IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales April 10, 2024 British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.
Is there an AI bubble and will it burst? April 10, 2024 As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look
Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech April 9, 2024 During a Meta event, Nick Clegg also revealed that Llama 3, Meta's newest large language model (LLM), will be released within a month.
Trafigura: AI and data centre construction could lead to copper shortages April 9, 2024 Trafigura's chief economist said that an additional 1m tons of copper have not been factored into a lot of supply and demand balances.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring April 9, 2024 Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told Morning Wire, as the buy-now pay-later giant leverages the technology to reduce hiring costs.
No liquidity, no chance: Another London-listed firm heads for the exit door April 9, 2024 Gresham and Alliance told markets that the acquisition values Gresham at around £146.7m, and would be subject to Gresham's shareholders.
Multiverse snaps up US-based AI software company Searchlight April 9, 2024 Multiverse plans to use Searchlight's technology to speed up the integration of generative AI and machine learning into its operations.
London fintech vacancies rise 88 per cent as banks look to stay ahead of curve April 8, 2024 London is known for its global fintech hub status, with success stories in the sector including Monzo and Starling.
Arm is overvalued, will struggle to keep up with Nvidia says new report April 8, 2024 Arm is also unlikely to match the long-term earnings potential of its meatier rival Nvidia, according to a Morningstar report.
London set for AI tech boost as Microsoft to open state-of-the-art Paddington hub April 8, 2024 Microsoft will open a new hub for developing its artificial intelligence (AI) technology in London, it has been announced.