Zalando: Online fashion giant reports strong growth after push into AI August 6, 2024 Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Adjusted earnings before interest and taxes (EBIT) rose to €171.6m (£147.3m), an 18 per cent rise from £144.8m year on year in the second [...]
The City is at the vanguard of a new industrial revolution in open data and AI August 5, 2024 By leveraging the expertise of the City, we can pioneer the Fourth Industrial Revolution, writes Lord Mayor Michael Mainelli As well as being an enthusiast and early adopter of technology (even predicting the internet in his 1898 short story From The London Times of 1904) Mark Twain gifted the world many great aphorisms. Among my [...]
Elliott warns Nvidia is in ‘bubble land’ and AI is ‘overhyped’ August 2, 2024 Hedge fund Elliott Management has slammed artificial intelligence technology as "overhyped", warning that star stock Nvidia is in "bubble land".
Founder Favourites: Why AI is NOT the death of creativity August 1, 2024 In this episode of Founder Favourites, Ajaz Ahmed, founder and chief executive of digital design agency AKQA, sat down with the hosts and told them that entrepreneurs' best bet might just be found in AI, healthcare or climate tech.
Why doesn’t the UK government run its own venture capital funds, like China? July 24, 2024 With how essential venture capital is to the UK economy, why isn't the government running its own VC funds?
Raspberry Pi is a ‘buy’: Analysts compare British chip stock to Microsoft, Apple and Nvidia July 23, 2024 Analysts believe Edge computing could be a game-changer for Raspberry Pi.
The Notebook: Sheerluxe’s ‘AI fashion editor’ shows perils of trying to be cutting edge July 18, 2024 Sheerluxe's decision to hire an 'AI-enhanced fashion editor' shows the perils of trying to be cutting edge, writes Anna Moloney.
Softbank snaps up Graphcore in AI push July 12, 2024 British chipmaker Graphcore has been snapped up by Softbank.
Goldman Sachs: Tony Blair is wrong on AI – it’s not going to save the UK economy July 9, 2024 Goldman Sachs, once a strong backer of artificial intelligence (AI), has hit back against the technology championed by the market and many in government, instead stating that AI is not expected to provide meaningful productivity boosts to the economy.
The Notebook: Freedom of speech at risk under Labour’s online safety plans July 8, 2024 Silkie Carlo tells us what to expect from Labour's online safety plans - and how they might put personal rights at risk.