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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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Musk brands Starmer a ‘hypocrite’ – as X owner goads PM over Labour MP’s deleted tweet | Politics News
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Elon Musk has branded Sir Keir Starmer a “hypocrite” over his approach to policing – while also goading the prime minister over a Labour MP’s historical tweets. Musk has been sparring with Sir Keir since last week after the prime minister blamed social media companies for allowing the spread of false claims that the Southport…
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Meta shares take $125bn hit as Facebook owner raises spending forecasts | Business News
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Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year. Investors sent the stock 10% lower in after-hours trading in New York when Meta‘s first-quarter results showed further bills were expected to fund new artificial intelligence (AI) products…
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Australian PM calls Elon Musk an ‘arrogant billionaire’ after X owner says government wants to ‘control the entire Internet’ over stabbing videos | Science & Tech News
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Australia’s prime minister said Elon Musk is an “arrogant billionaire who thinks he is above the law” over his reluctance to remove footage of last week’s Church stabbing from X. In response, Elon Musk thanked him “for informing the public that this platform is the only truthful one”. The spat comes after a week of…
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Facebook owner Meta pays £149m to surrender lease on London office | Business News
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Meta has “surrendered” the lease on one of its London offices as tech firms continue efforts to slash costs. The parent firm of Facebook and Instagram let the space at 1 Triton Square from British Land, the FTSE 250 commercial property company, in 2021 but never moved in. Meta paid £149m to break the lease,…
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AI: Facebook owner Meta announces its rival to ChatGPT will be free to use | Science & Tech News
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The owner of Facebook has announced plans to make its version of the artificial intelligence technology behind ChatGPT free for researchers and companies to use. The latest version of Meta’s large language model, called LLaMa 2, will rival OpenAI’s GPT-4, which powers the chatbot app. The technology came to the fore last November after the…
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Twitter threatens to sue Facebook owner Meta over new Threads platform | Science & Tech News
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Twitter has threatened to sue Facebook owner Meta over its new Threads platform. The company has written to Meta boss Mark Zuckerberg to say it “intends to strictly enforce its intellectual property rights, according to news site Semafor, citing a letter from Twitter lawyer Alex Spiro. “It demands that Meta take immediate steps to stop…
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Facebook and Instagram owner Meta to lay off another 10,000 staff | Business News
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Meta, the owner of Facebook and Instagram, is axing another 10,000 jobs to cut costs. The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “We expect to reduce our team size…
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Twitter owner Elon Musk reportedly wants to build his own ‘utopia’ town | Science & Tech News
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Elon Musk has made no secret of his desire to colonise Mars, but seemingly not before he’s had a go at running his own community here on Earth. The SpaceX, Tesla, and Twitter owner wants to build a “utopia” called Snailbrook for his workers to live in Texas, reports The Wall Street Journal (WSJ). It…
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Facebook and Instagram owner Meta to lay off more than 11,000 staff | Business News
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Meta, the owner of Facebook and Instagram, has become the latest big tech player to wield the axe in the tougher global economy, laying off 13% of its workforce. The firm announced on Wednesday it will cut its global headcount by more than 11,000 employees as part of a wider shake-up of the business that…