Multinationals warned over risk of cyber attacks July 5, 2016 Large multinationals are being warned over their preparations against cyber attacks. Companies have admitted to feeling constrained by regulation, resources, and dependence on third parties, with only a fifth of IT decision makers confident they are able to deal with the growing threat of cyber-criminals. Research from KPMG and BT found that almost half (47 [...]
Crowdcube is eyeing a massive new round of investment via crowdfunding July 4, 2016 Crowdcube is defying the Brexit jitters raising its own new round of funding via, where else, but its own round of crowdfunding. One of the early pioneers of the equity crowdfunding concept, the site has revealed ambitious new plans to raise more than £5m from investors. “In just five short years we have firmly established our position as [...]
Peter Thiel-backed “Airbnb for work space” eyes London July 4, 2016 Move over co-working spaces, there's a new way of working in town. A US startup similar to Airbnb but for renting office space and meeting rooms in the short-term that's backed by Peter Thiel's Valar Ventures has expanded to London. Targeting startups which often want to keep costs low, as well as those looking for a more professional alternative [...]
Brace yourself… the biggest tech IPO of the year is coming – and it’s increased its pricing July 4, 2016 The Japanese messaging app Line has priced its initial public offering higher than expected in what's expected to be the biggest tech IPO so far this year, due to high demand. The WhatsApp-like app has set its target price offering at between 2,900 (£21.30) yen and 3,300 yen, higher than its previous target of between 2,700 yen and 3,200 yen ahead of [...]
Tech overtakes finance among top global companies July 4, 2016 Technology has stolen a march on finance, with the success of companies such as Alphabet and Microsoft helping the innovative sector surpass the traditional world of financial services among the world's top 100 companies over the past year. Technology firms in the list notched up a combined value of $3bn compared to financial firms' $2.7bn and the $2.6bn [...]
Imagination Technologies set to post biggest ever loss as costs soar July 3, 2016 Investors are braced for UK chip maker Imagination Technologies to report a slump in earnings this week. The Hertfordshire-based tech firm will post its full year results tomorrow and analysts have pencilled in a £20m loss, the worst in its 30-year history. Imagination is heavily exposed to its main customer iPhone maker Apple, and has [...]
US National Highway Traffic Safety Administration launches investigation after Tesla driverless car death July 1, 2016 A preliminary investigation has been launched after the death of a man in Florida who was driving a Tesla Model S car on autopilot mode. The crash with a tractor occurred on 7 May and is the first known fatality in more than 130m miles where Tesla's autopilot setting has been activated, the electric car maker said [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
Trayser eBike review: The most futuristic battery-assisted pushbike yet June 30, 2016 Electric bikes are increasingly falling into two categories. Most attempt to disguise the fact that you’re getting a speed boost from the rear-wheel motor, squirrelling the battery away in a discreet water bottle and leaving all around you to think that – as you zip off into the distance – you might just have really [...]
Hillary Clinton has backed public service blockchain applications as part of her technology manifesto June 29, 2016 Democratic presidential candidate Hillary Clinton backed blockchain in her Initiative on Technology & Innovation, released on Monday. Clinton, who according to the Associated Press has won enough support to secure the Democratic Party's nomination, announced she would back the distributed public ledger technology if she became president, as part of a wider strategy to promote innovation and ensure [...]