UK cybersecurity centre issues warning over use of AI chatbots August 30, 2023 British national security officials have warned organisations to take care when integrating artificial intelligence (AI) chatbots into their systems due to their susceptibility to manipulation and cyber risks. In a double blog post on Wednesday, the National Cyber Security Centre (NCSC) said all sectors should “exercise caution” when using large language models (LLMs), algorithms which [...]
It took Big Tech firms just six days to pay off $2bn in fines, new data shows August 30, 2023 Big Tech firms paid over $2bn (£1.6bn) in fines this year. But new data shows it took them just over six days to pay them off.
Why London tech unicorns are becoming much harder to spot August 30, 2023 'Unicorn Kingdom' looks a long way off after only one UK tech firm has managed to pass the $1bn valuation threshold this year
Why listed companies and the City are calling for a red tape revolution August 30, 2023 The watchdogs tasked with imposing governance and reporting standards on financial firms walk something of a tightrope across the Square Mile - but experts want reform.
Conducting business: UK chip industry needs to pick its battle, says top boss August 30, 2023 A top chip boss has urged the government’s new Semiconductor Advisory Panel (SAP) to narrow its focus so the UK can grab a stronghold in the escalating chip wars and protect its successful growth firms from rival markets. Dr Simon Thomas, the chief executive of Cambridgeshire graphene-based semiconductor firm Paragraf, welcomed the government’s recent appointment [...]
Online Safety Bill: UK tech superpower dreams could be crushed by over-regulation August 24, 2023 New rules in the European Union’s Digital Services Act (DSA) are set to come into force tomorrow, while the UK’s Online Safety Bill (OSB) remains mired in parliamentary proceedings, reigniting the regulation debate among tech companies and industry experts. The OSB, which aims to enhance online safety and security for users within the UK, is [...]
Wall Street cheers Nvidia results as AI chip designer lives up to expectations August 24, 2023 Hunger for Nvidia’s artificial intelligence (AI) chips has propelled its sales to $13.5bn (£10.6bn) in its second quarter, more than doubling from a year ago. The American tech behemoth’s data centre business drove most of the sales, soaring 170 per cent compared to the same period last year, up to $10.3bn (£8.1bn). Nvidia’s data centre business sells the company’s [...]
Post Office boss to return bonus pay linked to Horizon scandal August 24, 2023 The boss of the Post Office has said he will return all of his bonus payment linked to the Horizon inquiry regarding hundreds of wrongfully convicted postmasters. Nick Read, chief executive of the Post Office, also apologised again for “procedural and governance mistakes made” in the firm linking significant bonus payments to work related to [...]
Which? urges Ofcom to probe Virgin Media rate hikes August 24, 2023 Which? has called on Ofcom to probe Virgin Media’s pricing tactics, accusing it of “egregious” tactics and “woeful” customer service. The consumer champ said Virgin could be breaking the law by giving itself “sweeping powers” to hike broadband bills by “unlimited sums” whenever it feels like it. Plus, the telecoms company is reportedly slapping on [...]
Still going strong: Traders all-in on Nvidia hype train August 23, 2023 Nvidia’s shares hit an all-time high on Tuesday, just before the chip designer shares its earnings later today. Stock in the Nasdaq-listed company soared to an all-time high of $481.87 on Tuesday at market open before dipping 2.76 per cent again yesterday. On Monday, the shares received an eight per cent boost. It surpassed its [...]