AI software market posts huge growth amid digital transformation boom June 24, 2019 Revenue from AI software soared more than 63 per cent to $846m (£664m) last year amid a surge in firms investing in the new technology. Read more: David Cameron takes up role at US artificial intelligence firm Robotic process automation (RPA), which provides AI tools for businesses, is now the fastest-growing segment of the enterprise [...]
‘No evidence’ of Russian interference in Brexit vote, says Facebook exec Nick Clegg June 24, 2019 Facebook’s vice-president Sir Nick Clegg has insisted there was “absolutely no evidence” Russia used the social media platform to influence the Brexit referendum. The former deputy prime minister said his firm had carried out analyses on its data and found no “significant attempt” by outside forces to influence the vote, arguing British politics had been [...]
DEBATE: Is the focus on modern methods of construction to increase housebuilding misplaced? June 24, 2019 Is the focus on modern methods of construction to increase housebuilding misplaced? Chris Stanley, housing manager at Concrete Block Association, says YES. The current media excitement around modern methods of construction, particularly modular, is largely a result of favourable public funding schemes. To solve the housing crisis, the government needs a far more considered, holistic [...]
Nanoco loses £17m contract as Apple abandons iPhone project June 23, 2019 Apple’s about-face on an iPhone camera project caused UK tech firm Nanoco to lose three quarters of its value, as the California giant cancelled a contract worth £17.1m. Nanoco told investors on Friday a major “US customer” had not renewed a contract with the firm, leading shares to fall 74 per cent in its worst [...]
Bitcoin surges past $11,000 for first time since 2018 June 23, 2019 Bitcoin jumped past the $11,000 (£8,640) barrier over the weekend for the first time since January 2018. The cryptocurrency passed $10,000 on Saturday for the time since March 2018 before surging to a high of $11,121, according to data from Coindesk. Late last night it was trading just above $11,000. Last night’s price puts the [...]
Apple recalls 15in Macbook Pro over battery fire risk June 21, 2019 Apple has announced a recall of some of its 15-inch Macbook Pro laptops over a battery fire risk. Read more: Amazon overtakes Apple and Google as worlds most valuable brand The company said that a limited number of its old generation Pro series, sold between September 2015 and February 2017, contained batteries that “may overheat [...]
Competition watchdog urges Facebook and Ebay to crack down on fake review market June 21, 2019 The competition watchdog has called on Facebook and Ebay to step up their efforts to prevent the sale of fake reviews through their sites. The Competition and Markets Authority (CMA) today wrote to the two platforms asking them to conduct a review amid concerns there is a “thriving” marketplace for fake and misleading online reviews. [...]
Shares in chipmaker IQE plummet as it warns Huawei ban will hit profit June 21, 2019 Shares in chipmaker IQE plunged almost 40 per cent this morning after it revised down its full-year revenue and profit guidance due to the US trade ban on Huawei. The Cardiff-headquartered firm, which makes semiconductor wafers for smartphone brands including Apple, warned restrictions on the Chinese tech firm, coupled with a slowdown in the global [...]
Trainline IPO: Ticket app shares surge in £1.7bn debut June 21, 2019 Trainline’s shares soared on their first day of trading today after the tech giant made its £1.7bn stock market debut. Read more: Trainline chases £1.5bn IPO The train travel booking app priced its shares at 350p each in its initial public offering (IPO) today, to value the firm at £1.68bn. And Trainline’s share price jumped [...]
Scrap the porn laws, and keep the government out of our sex lives June 21, 2019 They say once is a coincidence, twice is an accident, three times is a pattern. Now that the introduction of the new porn laws has been delayed for a third time, I think it’s safe to say that we have a clear pattern here from the government – of turning a blind eye to a [...]