-
Amazon’s Prime Video to include ads from 2024 unless you pay more | Business News
admin
Amazon Prime Video customers will face a choice between watching adverts or paying more to remove them when updates to the firm’s streaming service kick in at the start of next year. The company also warned that live events, such as sports, will continue to include commercials even if people have upgraded to the new…
-
Microsoft’s £55bn takeover of Call of Duty maker now set for UK approval | Business News
admin
Microsoft’s revised effort to get the £55bn takeover of Activision Blizzard past UK regulators appears to be on track for clearance. The Competition and Markets Authority (CMA) had been a sole thorn in the side of the acquisition, rejecting the original terms on the grounds it had a duty to protect innovation and choice in…
-
436bn, ahead, arm, awaited, Business, chip, designer, eagerly, holdings, IPO, market, News, return, stock, UKbased, valued
Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market | Business News
admin
UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell…
-
China iPhone curbs take £160bn bite out of Apple as rival Huawei launches comeback | Business News
admin
Apple has seen around $200bn (£160bn) wiped off its value after China extended its curbs on iPhone use by government workers. Shares in the tech giant have tumbled by 6.4% over the last two days in response to Beijing ordering some state employees to stop using the devices. The move has fuelled fears Apple and…
-
Tech shares race ahead as Nvidia delights with AI-driven doubling of revenue | Business News
admin
The US tech firm that dominates the market for chips used in artificial intelligence (AI) has delighted investors with a doubling in quarterly revenue, promising more of the same in future. Nvidia shares gained almost 10% in after-hours trading in New York on Wednesday night when it revealed a string of numbers that beat analysts’…
-
Ministers want Musk to attend flagship investment summit | Business News
admin
The government is courting Elon Musk, the Tesla billionaire and owner of the social media platform formerly known as Twitter, to attend a flagship business summit in the autumn as they seek to bolster Britain’s claim to be a leading magnet for overseas investment. Sky News has learnt that Rishi Sunak’s administration is keen to…
-
Microsoft in fresh bid to get Activision Blizzard takeover past UK regulator | Business News
admin
The UK’s competition regulator has launched a fresh investigation into Microsoft’s proposed £55bn takeover of Call of Duty maker Activision Blizzard after the tech firm offered a new remedy in a bid to get the deal over the line. The Competition and Markets Authority (CMA) confirmed on Tuesday that it stood by its final decision…
-
Second-hand electric vehicle sales soar to record levels | Business News
admin
Sales of second-hand electric vehicles (EV) rose by more than 80% in the three months to June, indicating increasing demand for more affordable zero and low-emission cars. More than 30,500 of the battery-powered vehicles changed hands in the second quarter this year, an 81.8% rise on the same period last year. Those sales accounted for…
-
Zoom asks staff to return to office | Business News
admin
Zoom, the online meetings platform that became synonymous with home working during the pandemic, has told staff to come into the office more often. Workers who live within a “commutable distance” of the company’s offices, including in the UK, will be expected to make the journey on designated team days. The California-based firm had been…
-
OpenAI’s ChatGPT under investigation by Federal Trade Commission | Business News
admin
The US competition watchdog has launched an investigation into the creator of artificial intelligence (AI) chatbot ChatGPT. The Federal Trade Commission (FTC) has begun an examination into the ChatGPT maker, OpenAI, seeking to find out what the company’s data privacy rules are and what action it takes to stop its technology from giving wrong information.…