UK needs to tackle “bullying tactics by market leaders.”
A new report commissioned by the Chancellor, Philip Hammond has said the UK needs to tackle “bullying tactics by market leaders.” As well as the other consequences of a lack of competition in the technology sector. Philip Hammond will gave his initial response to the report in his Spring Statement. A six month review of…
A global advisory council has been set up by Google.
The council will offer guidance on ethical issues relating to artificial intelligence, automation and related technologies. The Council’s panel consists of eight people. It includes former US deputy secretary of state and a University of Bath associate professor. Google says the group will “consider some of Google’s most complex challenges.” The announcement came at MIT…
Biggest Broadband providers not always the best.
According to a new survey by consumer group Which? the biggest suppliers of broadband and the “most likely” to give the worst deals. The survey places the big providers at the bottom of rankings for service. The consumer group’s latest broadband satisfaction survey places the big providers at the bottom of rankings for service. Customers complained…
£1.28 billion fine for Google from EU Commission.
The European Commission has fined Google 1.49 billion euros. That’s £1.28 billion, for breaching antitrust rules for its online advertising services. Google had abused its market dominance said the Commission. Exceeding 85% for most of the analysed time period – for favouring its own price comparison results for searches through its AdSense for Search platform….
The Chancellors Spring Statement on the economy.
The Chancellor delivered his Spring Statement on the economy to Parliament yesterday.His speech on the 13th March 2019 included the following” “Mr. Speaker “I am acutely conscious of the fact that the House has other pressing matters on its mind today….To avoid making this statement any longer than necessary…I am laying a WMS which contains…
Breakthrough in search for ‘Galileo satellite navigation system’ replacement.
Brexit is in disarray and uncertainty hangs over Britain. This is not just true of the economy and business but many things that will affect all our lives. One much talked about concern has been over our GPS system and access to the Galileo satellite navigation system. The UK is currently dependent on the US…
Starling, UK challenger Bank has raised £75 million investment.
Starling, the UK challenger Bank has raised a further £75 million investment. The funding is for expansion plans in Europe. Starling raised £15 million from an unknown existing investor and £60 million in a Series C round led by Merian Global Investors, including the Merian Chrysalis Investment Company. Last month, Starling revealed its plans…
UK aiming high in AI sector.
The Government has announced up to 200 AI Masters places will be made available at UK universities. They will be funded and supported by high-profile UK tech firms. These include names like DeepMind and Nvidia, startup Amplyfi, old firms like Cisco and BAE Systems, along with Accenture. There will also be five five-year fellowships at…
Economy suffering from Brexit uncertainty.
According to the latest quarterly ‘health check’ from the Bank of England (BOE) the UK economy is set for its worst year since the financial crisis. Economy – growth forecast cut for 2019. The cut in the growth forecast for the economy comes as concerns over Brexit spread from companies to consumers. Warnings from BOE…
No-deal Brexit rejected by UK tech firms
In a survey Tech UK conducted n December last year, over 50% of UK technology companies have declared their support for a second Brexit referendum in a survey Tech UK conducted in December last year. In their own words, techUK represents the companies and technologies that are defining today the world that we will live in tomorrow. More…