Tesla Motors loss widens despite putting pedal to the floor to ramp up production August 3, 2016 Elon Musk’s electric car giant Tesla Motors reported lower-than-expected second quarter results, driven by a dip in the number of cars delivered as it ramped up production. The figures Tesla’s total revenue rose 33 per cent year-on-year to $1.27bn (£959m) in the quarter ended 30 June. The company delivered 14,402 vehicles in the second quarter, [...]
What can science fiction tell us about the future? August 3, 2016 A recent book on the future of warfare warned that Britain’s pristine new aircraft carriers will be vulnerable to swarms of small, semi-autonomous drones that could not be stopped by conventional protective weaponry. Another looked at whether mass online gaming might be used to recruit networks to attack military or commercial targets. A third raised the [...]
Here’s everything you need to know about the Samsung Galaxy Note 7 August 3, 2016 Announced earlier this week, Samsung’s Galaxy Note 7 is a big old betsy of a phablet, a 5.7-inch monsterphone that brings the super-powered performance of its existing S7 Edge device to its Note range. The Android powerhouse that giant-handed fans have been waiting all year for – and the biggest rival to Apple’s iPhone – [...]
This Olympic athlete racked up a huge bill because of Pokemon Go August 3, 2016 Athletes might be limbering up for the biggest sporting event of the year in Rio, but that's not stopping them from playing the biggest (non-sporting) game of the year in their down time. And one Olympic gold medal-winning gymnast has been so enamoured with Pokemon Go that he completely forgot the extra cost he might incur [...]
Boxer David Haye is the latest famous face investing in a startup August 3, 2016 The boxer David Haye is the latest famous face to get into the venture business, investing in recruitment startup Syft. Heavyweight Haye has joined VC firm Profounders Capital, Lord Young – David Cameron's former enterprise adviser – and other entrepreneurs, to invest seed stage cash of £2.65m in the startup. Syft is aimed at making it easier to recruit temporary staff [...]
Here’s the windfall City advisers are in for from the ARM Softbank mega-deal August 3, 2016 A handful of top City firms will land a windfall share of the multi-million pound pot of cash being splashed on advisers to one of the biggest tech deals of the year. More than £100m is being spent on advisers to Softbank's acquisition of ARM in a £24.3bn mega-deal agreed in June. Big name banks such as Goldman Sachs and Lazard are [...]
Move over iPhone fingerprint tech, the latest Samsung scans eyes August 2, 2016 It's time for Apple's iPhone fingerprint technology to move over – at least that's what Samsung is hoping. The rival Korean smartphone maker has unveiled its latest device – the Galaxy Note 7 – which has trumped its rival's use of biometrics with eye-scanning technology. Read more: Passwords are passe: Nationwide is testing behavioural biometrics The Note [...]
Meet the most influential British innovator in the world August 2, 2016 Demis Hassabis, the man who founded the multi-million pound artificial intelligence company acquired by Google, has been named the most influential British innovator in the world. DeepMind hit headlines in 2014 when it was bought by Google for £400m and this year did it again when its machine learning technology beat the world-leading player of the [...]
Nine up-and-coming fintech startups to watch (and Lloyds thinks so too) August 2, 2016 A handful of startups from around the world are hoping to disrupt the big banks with new innovations after being chosen as ones to watch in the world of fintech by one of London's top accelerators and top global businesses. Startupbootcamp's fintech programme, backed by the likes of Lloyds and PwC, have chosen nine new up-and-coming early stage fintech [...]
This blockchain startup just hired a top chief from RBS’s investment bank August 2, 2016 The blockchain startup founded by a well known former JP Morgan executive has hired another top financier, the latest in a string of hires as the company expands. Carol Mathis, the chief operating officer of Royal Bank of Scotland's investment banking arm has joined Blythe Masters' Digital Asset Holdings, the fintech firm backed by Santander, JP Morgan [...]