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Google faces threat of being broken up after US Justice Department warns of need to end ‘illegal monopoly’ | Business News
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US officials have confirmed they are considering breaking up Google’s “illegal monopoly” of internet searches. The tech giant could face restrictions on its own products – including its Chrome browser, Play Store and Android operating system, the US Justice Department said. It comes after a judge found in August the company had broken anti-trust laws…
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UK risks losing AI leadership without data strategy, government warned | Business News
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The UK needs a strategy to meet growing demand for data centres or risk losing its advantage in the race to develop artificial intelligence (AI), one of the sector’s largest players has told Sky News. Data centres – warehouses housing processors that power cloud computing – are central to the digital economy. They provide the…
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Chatbot start-up SplxAI lands $2m amid growing cybersecurity threat | Business News
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A start-up which helps companies protect against cyberattacks targeting their AI chatbots has raised millions of dollars to fund its expansion. Sky News understands that SplxAI, which was founded earlier this year, will announce this week that it has secured $2m from investors led by Inovo.vc, South Central Ventures and Runtime Ventures. The company says…
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Planning laws preventing faster internet, BT boss Marc Allera tells Sky News | Business News
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Planning regulation is slowing down the rollout of faster internet, the chief executive of BT’s consumer division has told Sky News. Planning rules were said to be the “key barrier” to implementing 5G mobile phone signal by BT consumer division CEO Marc Allera. He described the legislation as “very arcane and really not favourable to…
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Nvidia earnings spark rare share price fall across US tech stocks | Business News
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US tech stocks are falling despite Nvidia, the chipmaker driving the artificial intelligence (AI) led stock market boom, reporting stronger than expected earnings. The company, which has been the darling of US markets with shares up 150% this year alone, reported second quarter revenue of just over $30bn – more than double the sum achieved…
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Ted Baker owner picks US partner to run UK online business after shop closures | Business News
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The owner of Ted Baker will on Wednesday announce that it has struck a deal with an American group to re-establish an online presence in the UK, days after its remaining retail stores were shut for good. Sky News has learnt that Authentic, which has owned Ted Baker since 2022, has struck a deal with…
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Amazon’s £3bn AI Anthropic investment investigated by UK regulator | Business News
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The UK’s competition regulator has launched an inquiry into Amazon’s investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology. The deal, which was announced by Amazon in March, included a $4bn (£3.16bn) investment into Anthropic and a commitment from the AI startup…
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‘It’s war’: Elon Musk’s X sues companies for not advertising on its platform | Business News
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Elon Musk’s X has launched legal action against a string of companies after they stopped advertising on the social network. The tech giant, formerly known as Twitter, alleges the firms unlawfully conspired to boycott the site and caused it to lose “billions of dollars” in revenue. The lawsuit was filed in Texas against the World…
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Google illegally maintained online search monopoly, US court rules | Business News
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Google illegally maintained an online search monopoly, a US court has said, in one of the biggest rulings against the company’s market dominance. The tech giant has been successfully sued in federal court by the US Justice Department and states which argued it remained the most used internet search engine by paying smartphone makers billions…
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Apple surprises in mixed results for ‘magnificent seven’ tech giants | Business News
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At the end of a mixed fortnight’s worth of trading updates from the US tech giants, it was down to the biggest of them – Apple – to lift investor spirits. The $3.35trn (£2.63trn) giant, established again in June as the world’s biggest company after five months during which Microsoft was bigger, reported sales of…