Exclusive: UK businesses making strides in quantum computing despite the technology being considered “overhyped” January 21, 2022 New research of UK business decision makers has revealed that 55 per cent of companies think that quantum computing – a type of computing that uses quantum mechanics so that it can perform certain types of computation more efficiently than a regular computer – is an overhyped technology.
London film studio reveals ambitious plans to broadcast from space by 2024 January 20, 2022 A London entertainment studio has ambitious plans to film the first-ever movie in space – which could come to fruition before the end of the decade. Space Entertainment Enterprise (SEE) is currently co-producing Tom Cruise’s upcoming space movie with Hollywood veteran Doug Liman. Alongside production, Southwark-based SEE has revealed plans to launch a micro-gravity film [...]
TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
Meta plots entry into red hot NFT market January 20, 2022 Meta is reportedly working on plans to let users create and sell non-fungible tokens as the global market for digital collectibles heats up.
Cyberattacks on the rise as skills shortage sees law firms made easy target January 20, 2022 Law firms, accountants, and consultancies are becoming an easy target for cyberattacks, as they lack the IT skills to protect themselves. Almost two-thirds (65 per cent) of IT experts working in professional services companies said they believe their firms are facing a shortage of cybersecurity skills, according to a report from cybersecurity company Keeper. In [...]
Network International revenues jump as Dubai bounces back from pandemic January 20, 2022 Digital payments giant Network International reported a jump in revenues in the past year driven by record levels of customer growth.
Chip industry revenue tops $500bn for the first time amid roaring demand January 19, 2022 Revenue in the global chip industry soared 25 per cent last year, exceeding an eyewatering $500bn for the first time on record, according to new data. A combination of strong demand amid a short supply and the inflation of raw material costs has pushed up the average selling price for semiconductors, Stamford-based research services company [...]
London’s Queen Mary students receive first lecture in the metaverse January 19, 2022 A group of Queen Mary third year medical students received their first lecture in the virtual reality (VR) world this week
When tech giant becomes gaming giant: Microsoft buys Call of Duty maker Activision Blizzard for a record £51bn January 18, 2022 Microsoft have announced that it would buy videogame publisher Activision Blizzard for $68.7bn (£51bn) in cash, making it the largest deal in the sector.
UK-built Mars rover passes pre-flight tests with flying colours January 18, 2022 The European Space Agency’s Mars rover has passed all its tests, making it ready for launch in September. The Rosalind Franklin rover, built by Airbus in the UK, has some ‘minor tuning’ left but will be ready to search for signs of life on Mars in the near future. Head of Space Exploration at the [...]