Category Archives: Technology sector

Musk’s influence on Trump could lead to tougher AI standards, says scientist

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Tycoon might help president-elect realise race for artificial general intelligence is a ‘suicide race’, says Max Tegmark

Elon Musk’s influence on a Donald Trump administration could lead to tougher safety standards for artificial intelligence, according to a leading scientist who has worked closely with the world’s richest person on addressing AI’s dangers.

Max Tegmark said Musk’s support for a failed AI bill in California underlined the billionaire’s continued concern over an issue that did not feature prominently in Trump’s campaign.

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Intel wins lengthy EU legal battle over £880m competition fine

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Chipmaker disputed 2009 decision that it abused its market position in case dating back two decades

The US chipmaker Intel has won a long-running battle to quash a fine of more than €1bn imposed by the European Commission for allegedly abusing its market dominance in the sale of computer chips.

In a final ruling on Thursday, theEuropean court of justice upheld an earlier judgment that had quashed the €1.06bn (£880m) fine and partly dismissed the charges of anticompetitive behaviour.

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Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’

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Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk

Tesla shares have fallen by 8%, wiping about $60bn (£45bn) from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors.

Shares in the electric carmaker fell to $219.40 in early trading on Friday after an event in Hollywood, where the chief executive, Elon Musk, revealed a much-hyped driverless vehicle.

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Google facing US government attempt to break it up, court filing shows

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Department of Justice examining ‘structural remedies’ to challenge tech corporation’s internet search monopoly

The US government may ask a judge to force the breakup of Google’s business as it attempts to challenge the tech corporation’s monopoly over the internet search market.

The Department of Justice has filed court papers that say it is considering enforcing “structural remedies” that would prevent Google from using some of its products such as Chrome, Android and Play, which the DoJ argues give the company an advantage over rivals.

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Rio Tinto to buy US lithium producer Arcadium in $6.7bn deal

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Acquisition by Anglo-Australian miner comes despite global headwinds in electric car market

Rio Tinto is to buy the US company Arcadium Lithium for $6.7bn (£5.1bn), in a huge bet on the energy transition despite global headwinds in the electric car market.

The Anglo-Australian metals and mining company said it would pay $5.85 a share for the US-based lithium miner. That represents an almost 90% premium to Arcadium’s closing price of $3.08 a share on 3 October, the day before news of a potential deal emerged.

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Batterymaker Northvolt to cut 1,600 jobs amid electric car ‘headwinds’

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Move comes after weeks of uncertainty over reports of financial problems as green vehicle sector struggles

The Swedish batterymaker Northvolt is to cut 1,600 jobs, in response to “headwinds” blowing through the electric car industry.

The battery company announced redundancies across three of its sites on Monday, including 1,000 in Skellefteå, in northern Sweden, where it is suspending the expansion of Northvolt Ett, Europe’s first homegrown battery gigafactory.

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Users of ‘throuples’ dating app Feeld may have had intimate photos accessed

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Alternative relationships site says it has resolved concerns about data security that tech firm claims to have uncovered

Users of Feeld, a dating app aimed at alternative relationships, could have had sensitive data including messages, private photos and details of their sexuality accessed or even edited, it has emerged, after cybersecurity experts exposed a string of security “vulnerabilities”.

Feeld, registered in the UK, reported soaring revenues and profits this month, thanks to millions of downloads from non-monogamous, queer and kinky users across the world.

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Meta to push on with plan to use UK Facebook and Instagram posts to train AI

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Move to use shared posts follows information commissioner concerns and sets collision course with EU over privacy

Mark Zuckberg’s Meta is to go ahead with controversial plans to use millions of UK Facebook and Instagram posts to train its artificial intelligence (AI) technology, in a practice that is effectively outlawed under EU privacy laws.

Meta said it had “engaged positively” with the Information Commissioner’s Office (ICO) over the plan, after it paused similar proposals in June in the UK and EU. The pause came after the ICO warned tech firms to respect the privacy of users when building generative AI.

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‘Throuples’ dating app Feeld nearly doubles turnover to £39.5m

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Platform run from industrial estate in Cumbria and catering to alternative relationships has expanded globally

A dating app aimed at alternative relationships nearly doubled its revenues last year as non-monogamous, queer and kinky users helped the UK-based business expand its reach across the world.

Feeld, founded by an entrepreneur couple in an open relationship, has said it is “on a mission to elevate the human experience of sexuality and relationships” from its registered office on an industrial estate in Carlisle, Cumbria.

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Hewlett Packard to pursue Mike Lynch’s estate for up to $4bn

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Tech company says it will follow legal proceedings ‘to their conclusion’ after tycoon’s death last month

Hewlett Packard Enterprise has confirmed it will push ahead with a high court lawsuit against the estate of the deceased tech tycoon Mike Lynch in which it is seeking damages of up to $4bn (£3bn).

The US company said in a statement it would follow the legal proceedings “through to their conclusion” despite Lynch’s death last month when his yacht sank off the coast of Italy.

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Publish data on ride-hailing apps ‘to cut exploitation and emissions’, say campaigners

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Campaign group says firms such as Uber should reveal data on driver miles to help boost wages

Uber and other ride-hailing apps should be forced to publish data on drivers’ workloads so that regulators can tackle exploitation and cut carbon emissions, campaigners argue.

Analysis by the pressure group Worker Info Exchange suggests drivers for Uber and its smaller rivals may have missed out on more than £1.2bn in wages and costs last year because of the way they are compensated.

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X goes offline in Brazil after Elon Musk’s refusal to comply with local laws

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Millions of users shut out and 500,000 switch to rival platform Bluesky as providers enact supreme court ban

One of the world’s most popular social networks, X, has gone offline in Brazil – the country with the fifth largest digital population – after Elon Musk’s refusal to comply with local laws meant it was blocked by the supreme court.

Millions of Brazilian X users found themselves unable to access the network on Saturday morning as internet providers and mobile phone companies began to enforce the ban.

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Fear of US recession rattles global markets as tech shares fall

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Europe’s main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh record

Stock markets in Europe, Asia and New York tumbled on Friday as fears of a US economic slump grew and technology shares were hit by underwhelming earnings.

Concerns that the US could be sliding towards a recession spurred a global sell-off, which accelerated after a poor employment report on Friday showed that the US jobs market was cooling fast, pushing up the unemployment rate.

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Elon Musk claims Tesla will start using humanoid robots next year

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Billionaire says Optimus will start performing tasks for carmaker in 2025 and could be ready for sale in 2026

The Tesla chief executive, Elon Musk, has claimed the company will produce “genuinely useful” humanoid robots to start working in its factories next year.

The world’s richest person, who has a penchant for making overambitious claims on social media, posted on his platform X, formerly Twitter, that he also hoped to expand into “high production” mode to make robots with a humanlike form available sell to other companies in 2026.

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Cybersecurity firm Wiz rejects $23bn bid from Google parent Alphabet

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Israeli company aims for stock market flotation after spurning biggest deal in tech group’s history

The cybersecurity firm Wiz has turned down a $23bn (£18bn) takeover bid from Google’s parent, Alphabet, spurning what would have been the tech company’s biggest ever acquisition and seeking a stock market flotation instead.

Alphabet had been in talks with Wiz, founded by alumni of Israel’s cyberintelligence unit, as it seeks to catch rivals Microsoft and Amazon in the hyper-competitive cloud services market.

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British chipmaker Graphcore bought by Japan’s SoftBank

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Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023

Graphcore, a British chipmaker once seen as a potential competitor to Nvidia, has been bought by Japan’s SoftBank in a deal that secures the company’s future.

The Bristol-based startup’s products are focused on artificial intelligence and it has been acquired by the powerful Japanese tech investor for an undisclosed sum. Last year, Graphcore warned that there was a “material uncertainty” over its survival and that it needed fresh funding by May 2024.

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Samsung Electronics workers to extend strike indefinitely

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Campaign for better pay and benefits stepped up, says union representing about 30,000 staff in South Korea

Thousands of workers in South Korea have pledged to extend indefinitely the first strike at Samsung Electronics, ramping up a campaign for better pay and benefits at one of the world’s largest smartphone and AI chip makers.

A union representing about 30,000 staff – about a quarter of its employees in South Korea – said members were extending industrial action that was originally meant to last only three days, after management failed to give any indication that it would hold talks with them.

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Post Office scandal: ex-Fujitsu engineer accused of ‘hiding’ IT problems

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Lawyers acting for victims of Horizon IT scandal accuse Gareth Jenkins of protecting ‘out of control monster’

A former Fujitsu engineer has been accused by a lawyer acting for victims of the Post Office scandal of “hiding” problems with the Horizon IT system to protect the “out of control monster”, a public inquiry heard.

Gareth Jenkins, formerly a senior engineer at Fujitsu, which developed the Horizon IT system, faced tough questioning by lawyers acting for post office operators caught up in the scandal, which has been described as one of the biggest miscarriages of justice in recent history.

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Apple found in breach of EU competition rules

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European Commission finds iPhone maker broke new laws designed to protect smaller competitors against big tech platforms

Apple has been found to be in breach of sweeping new EU laws designed to allow smaller companies to compete and allow consumers to find cheaper and alternative apps in the tech business’s app store.

The European Commission, which also acts as the EU antitrust and technology regulator, said it had sent its preliminary findings to Apple after an investigation launched in March.

“For too long Apple has been squeezing out innovative companies — denying consumers new opportunities and choices,” said Thierry Breton, the European commissioner responsible for digital markets, on X.

In preliminary findings, against which Apple can appeal, the European Commission said it believed its rules of engagement did not comply with the Digital Markets Act (DMA) “as they prevent app developers from freely steering consumers to alternatives channels for offers and content”.

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Productivity soars in sectors of global economy most exposed to AI, says report

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Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and command a significant wage premium, according to a report.

Boosting hopes that AI might help lift the global economy out of a 15-year, low-growth trough, a PwC study found productivity growth was almost five times as rapid in parts of the economy where AI penetration was highest than in less exposed sectors.

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