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IBM commits $5bn to Project Lightwell open source security initiative
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Elon Musk tweet ‘undermines’ claims by SpaceX in IPO prospectus
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OpenAI shares frontier cyber model with Japan's largest banks
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‘The Gentlemen’ becomes fastest-growing ransomware as industrial sector hit hard
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EU plans push for ‘tech sovereignty’ to cut reliance on US big tech
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King’s College gains access to Google’s Willow quantum processor
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The European Consumer Organisation BEUC has filed a complaint against TikTok over breaches of EU consumer rights laws and failing to “protect children from hidden advertising and inappropriate content.”
16/2/2021
Uber has urged regulators to recognise the value of independent contracts, as the EU considers new laws to protect those working in the ‘gig economy.’ The ride-sharing and food delivery platform said that it had published a white paper called ‘A Better Deal’ to call on policymakers, platform companies, and social representatives across Europe to “set a new standard for platform work.”
15/2/2021
Investment in digital technology will see a £232 billion boost to the UK economy by 2040, representing a 6.9 per cent increase in GDP, according to research. The new study by Virgin Media Business and the Centre for Economics and Business Research (CEBR), which explores how more digital ways of working can support the UK’s economic recovery from Covid-19, also found that investment in tech could boost the economy by £74 billion in 2025.
15/2/2021
As part of a new agreement on the use of online press stories, Google has agreed to pay 121 French publishers $76 million across three years. Last month French publishers represented by the Alliance de la Presse d'Information Générale (APIG) signed an agreement with Google France relating to the use of their digital news stories.
15/2/2021
Online dating app Bumble is now worth $13 billion after the company listed shares. The company raised $2.2 billion at $43 a share in its initial public offering (IPO.)
12/2/2021
Microsoft has recently approached Pinterest about a potential takeover of the $51 billion social media company, according to reports. But according to The Financial Times, which first broke the news, talks about an acquisition are not currently active.
12/2/2021
The Australian government is launching a new code on Monday that will force tech giants like Google and Facebook to pay for content from media companies. The news comes after heavy backlash from Google, which last month threatened to block its search engine in the region if the government went ahead with the legislation.
12/2/2021
Instagram has announced that it will “take tougher action” against people breaking its hate speech rules in direct messages (DMs) by permanently banning repeat offenders. The move follows reports of online racist abuse targeted at footballers in the UK.
11/2/2021
The European Union (EU) must deploy one million electric vehicle charging points in the next three years, the region’s car lobby said on Thursday. In a joint letter to the EU climate, transport, industry, and energy commissioners, the European Automobile Manufacturers Association (ACEA), Transport & Environment (T&E), and the European Consumer Organisation (BEUC), called for this year’s revision of the Alternative Fuels Infrastructure law to require the rollout of 3 million charging points across the EU by 2029.
11/2/2021
Electric-vehicle developed Rivian will go public as early as September with a valuation of around $50 million, according to Bloomberg News. The company, backed by Amazon and Ford, has been in discussions with bankers about the IPO plans, however an official timeline for the offering has not been set, the news website reported.
10/2/2021
Automaker Volkswagen is exploring the feasibility of developing flying cars in China. “Beyond autonomous driving the concept of vertical mobility could be a next step to take our mobility approach into the future, especially in the technically affine Chinese market,” the car manufacturer said in a statement.
9/2/2021
The European Union (EU) could follow in the footsteps of the Australian government by forcing BigTech companies like Google and Facebook to pay for news. Last month Google threatened to block its search engine in Australia if the government went ahead with a new code of conduct that would see it pay for content from media companies.
9/2/2021
Reddit has doubled its value to $6 billion following a $250 million Series E investment round. Funding was sourced from from both existing and new investors.
9/2/2021
Video-sharing site TikTok is to take on Facebook in the US e-commerce market, the Financial Times has reported. The Chinese social media platform has been in discussion with advertisers about several potential new features, including a tool that allows its most popular users to share links to products and earn commission on sales, the newspaper said.
8/2/2021
Hyundai has said it is no longer in talks with Apple about developing electric cars for the tech company. “We are receiving requests for cooperation in joint development of autonomous electric vehicles from various companies, but they are at early stage and nothing has been decided,” Hyundai said in a statement on Monday. “We are not having talks with Apple on developing autonomous vehicles.”
8/2/2021