NEWS

Amazon takes latest step into the smart home with deal for Wi-Fi system company Eero

Amazon has bought a Silicon Valley Wi-Fi router maker that will help keep its ever-growing line of smart home products online in homes that suffer from patchy internet coverage. The Seattle-based company said it will acquire Eero, which makes WiFi extending mesh routers that consumers plug into rooms that...

British anti-fraud firm GBG buys out US rival for £233m

A British data firm has snapped up a US rival to build out its identity verification business in the US in a £233m deal. GBG, an Aim-listed data company, confirmed it will buy out IDology, an Atlanta-based competitor, which will allow it build its presence in North America. The Chester-headquartered...

Europe must avoid ‘over-hasty’ regulation on AI or risk missing out on economic benefits

Europe must avoid "over-hasty" regulation on AI or risk missing out on the economic boost that artificial intelligence has to offer, a new report has urged. The report by UK Conservative MEP Ashley Fox, approved by the European Parliament on Tuesday, said AI laws must be carefully thought out. It also urged...

Google parent Alphabet spins out kite energy company Makani

An energy spin-out from Alphabet's X research division has teamed up with oil giant Royal Dutch Shell to develop electricity-generating kites for offshore wind power.  Makani Power, which joined Google's parent company in 2013, has been developing kites that are tethered to a turbine and capable of efficiently harnessing energy from the wind at...

UK’s first 5G industrial trial launched in bid to create ‘smart factories’

The UK’s first live 5G industrial trial will take place in Worcester today in "a landmark step" towards the creation of smart factories in Britain. The test will use the improved network technology of 5G to run sensors in Worcester Bosch’s factory, which produces heating and hot water products. The government-backed Worcestershire 5G Consortium will monitor factors...

Digital bank Starling raises £75m to fuel European expansion

Starling Bank, the British mobile banking startup, has raised £75m in a new funding round led by Merian Global Investors in a bid to fuel its global expansion. The investment brings the banks total raised to more than £120m and includes a £15m contribution from Bahamas-based hedge fund manager Harald McPike, a long-term...

Instagram bug causes Ariana Grande and Kylie Jenner to lose millions of followers

Instagram is investigating a bug that led some of its top users to lose millions of followers. American singer Ariana Grande, who has the third most followed Instagram account, told fans she has lost three million followers, with her numbers falling from 145 million to 142 million.  Model Kylie Jenner saw her...

Fired Apple executive charged with insider trading

A former Apple executive has been charged with insider trading after being accused of selling millions of dollars in shares using private financial information. Gene Levoff, who was one of the company’s top lawyers until he was fired by Apple in September, allegedly made more than $600,000 (£467,000) in...

Elon Musk may be held in contempt of court over fresh tweet row

Elon Musk could face a possible a jail sentence after an American regulator asked a judge to hold him in contempt for ignoring an order banning him from tweeting market-moving information about the company.  The Tesla boss could also face fines for the tween sent on February 19 which said the...

Johnson & Johnson to buy robotics surgery firm Auris Health for $3.4bn

US healthcare giant Johnson & Johnson is acquiring a robotics company which specialises in developing surgical tools for diagnosing and treating patients with lung cancer. The company announced that it has agreed to buy Auris Heath for $3.4bn (£2.6bn) in cash, plus an additional $2.4bn in payouts if it reaches...