Tech stock boom starts to show cracks Tech Tech stocks are starting to suffer as customers are keeping their purse strings tight when it comes to adopting new software services.
Uber: U-turn for company as it reverses back to a loss Transport Uber said it swung to the loss due to the revaluation of its equity investments and the costs of legal settlements related to its drivers.
Wayve: Nvidia and Microsoft back British self-driving startup in boost for UK’s AI goals Tech Wayve has conducted trials on UK public roads since 2018 and has already partnered with delivery fleets from Asda and Ocado.
System1 to resume dividends after topping profit forecasts April 16, 2024 System1 said it expects to record pre-tax profit of £2.8m for the year ended 31 March 2024, up £2.1m on 2023.
Competition watchdog issues warning on AI foundation models like ChatGPT April 12, 2024 The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.
Amazon ‘actively’ looking to invest in multiple UK startups with £800m fund April 11, 2024 Amazon is exploring funding opportunities with a number of tech startups based in the UK via its $1bn (£800m) industrial innovation fund.
IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales April 10, 2024 British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.
Is there an AI bubble and will it burst? April 10, 2024 As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look
Bytes Technology plunges as chief resigns after failing to disclose company share trades February 21, 2024 The chief of Bytes Group is stepping down amid revelations that he made a number of trades in the company's shares without disclosing them.