Google has been given until the end of the month to respond to the EU Commission over antitrust charges October 3, 2016 Search giant Google has been given until the end of the month to respond to accusations the dominance of its mobile operating system Android is anti-competitive. The deadline – the fourth extension that Google has been granted – is the latest twist in the long-running battle between the European Commission and Google over anti-competitive behaviour. Over the weekend [...]
Darktrace is now worth $500m and has IPO ambitions October 3, 2016 One of the UK's hottest tech startups is now worth half a billion dollars and has ambitions to go public, City A.M can exclusively reveal. Darktrace, the cyber security startup which boasts backing from top Silicon Valley venture capitalists, Wall Street investors and former Autonomy entrepreneur Mike Lynch, was valued at $450m after a major round [...]
Bullhorn’s Art Papas explains why a good deal isn’t all about the money October 3, 2016 Four years ago I was approached by several private equity (PE) firms intent on investing in my company. Bullhorn’s valuation was higher than it had ever been. However, the decision to partner with a financial sponsor was more about enabling our strategic vision for the business than realising a financial goal. As companies get bigger, [...]
Paranoid about androids: Brits fear AI October 2, 2016 Brits are increasingly fearful of the impact robots could have on our society in the future. New research reveals over half of UK adults (58 per cent) are worried about the impact of robots, with two fifths (41 per cent) believing robots will destroy humanity as we know it. The survey, commissioned by Sky, echos [...]
Google to respond to EU antitrust charges within weeks as fine looms October 2, 2016 A long running battle between the EU and Google over anti-competitive behaviour will escalate this month as the search giant is expected to formally respond to the charges in the latest clash between a US tech giant and Brussels. Google is scheduled to make an official response to charges of being anti-competitive, including its dominance on the Android operating system, in [...]
Rosetta spacecraft makes successful crash landing September 30, 2016 The Rosetta probe, sent into space to collect data about a comet, has completed its 12-year mission with a crash-landing. The European Space Agency (ESA) launched the spacecraft in 2004 and sent it to explore the features of the catchily-titled Comet 67P. After collecting reams of data and sending its sister landing probe, Philae, down to [...]
Scientists have found having adult kids stuck at home could create health benefits for parents September 30, 2016 Stuck with your adult children still living at home? There’s good (and rather counter-intuitive) news: scientists have found inter-generational living has huge benefits for mental health. Unemployment, student debt and low earnings for graduates mean more adult children than ever are moving back home after university. But a study looking at families across Europe found [...]
LinkedIn warns of Brexit talent block (and these three sectors could be worst hit) September 30, 2016 LinkedIn has warned that Brexit could stop UK business from accessing the best and the brightest talent from Europe, with professional services, technology and finance likely to be the hardest hit. Leaving the EU could put at risk access to top talent from across the region which accounts for 40 per cent of professional migration to the UK, [...]
London startup Lystable lands another Paypal mafia investor September 29, 2016 London startup Lystable, fresh from raising millions from Paypal founder Peter Thiel's venture firm, has raised new cash from another member of the so-called Paypal mafia. Max Levchin's HVF, a data focused lab which is also the umbrella for two of his companies, has jumped on board adding to the $11m series A funding first revealed in [...]
Meet the five startups joining London’s newest corporate fintech lab September 29, 2016 Five up-and-coming startups have been chosen by a London investment firm to join its newly created fintech lab. The new cohort joining Octopus Labs' 12 week programme include companies working on artificial intelligence powered financial news and financial management platforms aimed at investors and financial advisors. The director of the accelerator run by Octopus Investments, the group behind the venture capital firm [...]