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...In turn, they have received preferential access to AI tools, and are expected to recoup much of their investment from AI start-ups’ spending on their cloud services....
...European venture capital firm Atomico has raised $1.1bn worth of new funding to invest in start-ups, defying a broader slowdown in the tech industry....
...In the US, shares in chip designer Arm, German sandal maker Birkenstock and tech group Instacart have fallen since their listings this year....
...It also criticised “overstretching the concept of national security and politicising and instrumentalising trade and tech issues”....
...Revolut was last valued externally at $33bn in July 2021, when it became the UK’s most valuable private tech group before Checkout.com’s $40bn valuation in January 2022....
...In Japan, about 11 per cent of users of the Indeed service applied for an AI-recommended job....
...Mikhail Parakhin, its president of web services, will move along with his entire team to report to Suleyman....
...Benefits were also slashed ahead of the redundancies announced in January, which hit around 500 employees and will focus on support functions including HR, finance, tech, and marketing and communications...
...Some Big Tech investors have expressed concerns....
...China has also been creating an alternative to Big Tech’s data centres and cloud services....
...Chief financial officer Wong Wai Ming said Lenovo’s Infrastructure Solutions Group, which provides storage, software and services for business, had seen “sequential and robust improvement, signalling momentum...
...Despite the glitches at its launch, Gemini ended up being well received in tech circles as a worthy rival to OpenAI’s latest technology and as a much-needed, unified platform on which Google’s various services...
...He pointed to a growing gap in investment and incomes between its tech sector and the rest of the economy....
...The South Korean tech titan was largely mum on the details, however, leaving the market guessing as to its capabilities and applications....
...Netflix and Apple may offer documentaries about the billion-dollar losses of global tech powerhouses — it is hard to see them investing in Mr Bates, a show that shocks with its mundaneness....
...The South Korean tech group launched the 2024 versions of its flagship Galaxy smartphone series at a Silicon Valley event on Wednesday....
...“Their long-term strategy is the tech, not the bank,” said one former senior employee. “Starling Bank might become a spin off but the primary business model is to franchise out the tech stack.”...
...Investment group Greenoaks Capital Partners will also take part in the rescue deal that gives Farfetch a $500mn bridge loan to continue offering its services, according to a statement....
...Arm’s $5bn initial public offering this week was the most expensive in fees for five years, earning a $84mn windfall for the professional services firms that advised it, including Deloitte....
...Boris Van, software analyst at Bernstein, said there was no obvious frontrunner among Chinese tech groups so far....
...Startups called fintechs aim to shake up financial services using new technology. Hassle-free digital services like money transfers and loans have proved popular with the public....
...“Samsung’s structure causes concern to many potential customers about possible tech or design leaks,” said Lee....
...The US company acquired optic interconnect tech provider Mellanox....
...Without it, the payments group can’t offer a full suite of lending services nor offer customers the security of the UK’s deposit insurance scheme....
...For tech companies, the eased provisions are “a big monetising opportunity”, said Debanshu Mukherjee, co-founder of the Vidhi Centre for Legal Policy....
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