Government ‘penalising’ investors with ‘baffling’ stamp duty on shares, says Interactive Investor June 22, 2023 Ministers are “penalising” the UK’s investors by levying “baffling” taxes on holding British stocks, one of the UK’s top investment platforms said today.
Musk vs Zuck: Twitter and Facebook bosses agree to a… cage fight June 22, 2023 Twitter CEO Elon Musk and Facebook owner Meta’s boss Mark Zuckerberg appear to have agreed to a cage fight. The social media billionaires will scrap it out after Musk, who also owns Tesla, said he was “up for a cage fight” with his tech giant rival. Zuckerberg posted a story on Instagram this morning, showing [...]
Softbank boss says it’s time to ‘shift to offence mode’ in AI push June 21, 2023 Softbank is planning to scale up its investment activity according to boss Masayoshi Son, who said the firm is going on the offensive. At the Japanese company’s annual general meeting today, billionaire Son said it was time to “shift to offence mode” as the group prepares to capitalise on rapidly developing AI technologies. Recently, chief [...]
Google is ‘killing off industries’ with online ad monopoly, tech bosses tell Westminster committee June 21, 2023 Several small tech companies have accused Google of stifling competition due to its monopoly of the online advertising market – amid calls to increase competition by lawmakers. The House of Lords communications and digital committee heard the tech giant is “killing off industries”, and that its dominance leads to higher prices. In the hearing which [...]
UK banks leading European counterparts in tech readiness, new research reveals June 21, 2023 UK banks are leading against European rivals in their preparation for new technologies but still have much further to go to secure global leadership, new research shows. A new study from IT and consultancy firm Accenture – shared exclusively with Morning Wire – shows that around a third of UK bank board members have technology [...]
Andreessen Horowitz leads $19m injection into London ‘voice AI’ firm June 20, 2023 Heavyweight Silicon Valley investor Andreessen Horowitz (a16z) has led a $19m funding injection into London-based AI firm ElevenLabs to help accelerate a new wave of “voice AI research”, the firm announced today.
UK must balance innovation with safety to help firms adopt AI, tech bosses say June 19, 2023 The UK must not let safety concerns about the use of artificial intelligence (AI) fall by the wayside as it pushes for a pro-innovation model for regulating the technology, tech bosses have warned. Chancellor Jeremy Hunt has reportedly told ministers to speed up the adoption of AI across the private and public sector, including the [...]
IMF working on global platform for exchange of CBDCs to avoid economic fragmentation June 19, 2023 The International Monetary Fund (IMF) is working on a platform to enable countries to transfer transactions between central bank digital currencies (CBDCs) from different countries. According to Reuters, managing director Kristalina Georgiva said “CBDCs should not be fragmented national propositions…To have more efficient and fairer transactions we need systems that connect countries: we need interoperability.” [...]
Online ad spend at favoured platform Google to hit £653bn by 2026 June 19, 2023 Google is the most popular search engine among advertisers and generates the highest revenues out of all major internet companies, a study on global digital marketing has found. According to the research, conducted by linkdaddyseo.com, Google held a majority 58 per cent share in the search advertising market in 2022, beating major competitors such as [...]
Digital stores predicted to appear on the high street as automation threatens retail jobs June 19, 2023 Large e-commerce stores are likely to crop up as physical stores across the UK high street in the next five to ten years, according to predictions aided by AI. Money saving website Savoo used AI to visualise the future of the British high street and it suggested more than 11,000 chain stores would disappear by [...]