UK tech industry welcomes Hunt’s R&D tax relief November 22, 2023 The UK tech industry has welcomed the Chancellor's plans to create a new "simplified" research and development (R&D) tax relief scheme in his Autumn Statement on Wednesday.
Sage share price jumps 12 per cent to record after revealing £350m buyback November 22, 2023 Software firm Sage shares climbed over 10 per cent on Wednesday after it posted strong operating profit and double-digit revenue growth.
OpenAI announces shock return of Sam Altman as chief executive November 22, 2023 Sam Altman will return to OpenAI after an agreement in principle was reached, the company has announced.
Venture capital firms rush to sign up as pension funds prepare £75bn bonanza November 21, 2023 Another wave of the UK’s venture capital and growth investors have thrown their weight behind efforts to get pension money flowing into start-ups today by signing the government’s Venture Capital Investment Compact.
Hunt reveals Treasury-backed tech funds in bid to kickstart £75bn pension boost November 21, 2023 The Chancellor Jeremy Hunt has revealed £250m will be channelled into two new private sector investment vehicles today as ministers look to kickstart the flow of cash from pension funds into tech start-ups.
With Altman moving to Microsoft, what’s next for OpenAI? November 20, 2023 Drama levels at OpenAI are through the roof after a rapid succession of firing, hiring and resigning. Where does it leave the company?
OpenAI employees threaten mass exodus unless board resigns November 20, 2023 Some 500 OpenAI employees have said they "may choose to resign" from the tech startup unless the board quits.
Nvidia stock surge continues as it preps for trading update November 20, 2023 Nvidia is gearing up to reveal its third-quarter performance and investors are still rallying behind it after a wildly successful year.
Black Friday pain for Amazon as workers plan ‘largest day’ of strike action November 20, 2023 A trade union which represents Amazon workers has warned that this upcoming Black Friday will see the largest day of industrial disruption in the e-commerce giant’s history.
Microsoft snaps up former OpenAI chief Sam Altman to lead research team November 20, 2023 Microsoft has appointed Sam Altman, the former boss of OpenAI to head a new advanced AI research team at the tech giant.