OpenAI’s value rises to $157 billion after securing a new funding deal.
OpenAI, the creator of ChatGPT, has secured $6.6 billion in its latest funding round, with backing from key investors, including early supporter Microsoft, reflecting the growing confidence in artificial intelligence (AI). This deal values the tech firm at $157 billion (£118 billion), placing it on par with major institutions like Goldman Sachs and surpassing many of America's largest companies,...
Google wins rare legal victory as €1.49 billion fine is overturned
Google has successfully overturned a €1.49bn (£1.26bn) fine imposed by the EU for blocking rival online search advertisers. The European Commission had accused Google of abusing its dominant market position by limiting third-party rivals from displaying search ads between 2006 and 2016. However, Europe’s second-highest court found that the Commission had made "errors in its assessment" of the case....
Sony Reveals Expensive and Powerful PlayStation 5 Pro
After years of speculation, rumors, and excitement, Sony has officially announced the launch of a more powerful – and significantly pricier – version of its popular PlayStation 5 console. The PS5 Pro will deliver enhanced graphics and run even the most demanding games at higher, more consistent frame rates.Reports Technology News However, this upgraded performance comes at a premium. The PS5...
Klarna has replaced more than 1,000 jobs with AI as part of attrition
Klarna, a prominent Buy Now, Pay Later (BNPL) company, has eliminated 1,200 roles with more expected as it heavily invests in artificial intelligence (AI). The Stockholm-based fintech has adopted an “attrition” approach, meaning positions left vacant by departing employees will not be filled, as automation takes on more responsibilities. Reports Technology News Klarna clarified to UKTN that these changes do not...
VividQ Raises £5.7m in New Investment
VividQ, a deep tech software firm headquartered in Cambridge, has secured $7.5 million (£5.7 million) in Series A funding, pushing its total funding to over $30 million. Reports Technology News Founded in 2017 by Darren Milne and Tom Durrant, VividQ specializes in advanced holographic technology, delivering cutting-edge 3D and holographic visual experiences. The startup provides both software and hardware solutions, holding...
ChatGPT firm OpenAI signs deal with Vogue owner
OpenAI and global magazine giant Condé Nast have announced a partnership that will enable ChatGPT and its search engine, SearchGPT, to feature content from well-known publications such as Vogue, The New Yorker, and GQ.Reports Technology News This multi-year agreement marks the latest in a series of deals OpenAI has secured with major media companies. Content produced by media organizations is highly valued...
AI Unicorn ElevenLabs Establishes European Headquarters in London’s Soho
One of the UK’s leading AI startups, ElevenLabs, has chosen central London as the location for its new European headquarters, the Standard has revealed. The company, known for developing AI-powered audio in various languages, has signed a lease for office space on Wardour Street in Soho, right in the heart of the city’s creative and media districts. Reports Technology News The...
Former YouTube CEO Susan Wojcicki has died at the age of 56
Susan Wojcicki, the former head of YouTube and one of Google's earliest employees, has passed away at the age of 56. Reports Technology News Google CEO Sundar Pichai shared the news on X/Twitter, revealing that Ms. Wojcicki had succumbed to lung cancer after a two-year battle. Pichai expressed his deep sorrow, noting that Ms. Wojcicki was "as integral to Google's...
OpenAI Unveils Innovative Search Engine SearchGPT
OpenAI unveiled a prototype of its new search engine, SearchGPT, on Thursday. This tool is designed to provide users with fast, timely answers, complete with clear and relevant sources. Currently, SearchGPT is being tested by a small group of users, but OpenAI plans to eventually integrate it into its ChatGPT chatbot. Reports Technology News This development could pose a challenge to...
CrowdStrike to improve testing after ‘bug’ caused Massive Outage
CrowdStrike has pledged to enhance its software testing processes after a faulty content update for Windows systems caused a global IT outage on Friday. Reports Technology News The cybersecurity company's error led to disruptions for banks, hospitals, and airlines, as millions of PCs displayed "blue screens of death." In a detailed review of the incident published on Wednesday, CrowdStrike explained that the...
