The UKâs competition watchdog has launched a review of the artificial intelligence market, in an effort to weigh up the potential opportunities and risks of a technology Bill Gates dubs as ârevolutionary as mobile phones and the Internet.â The Competition and Markets Authority (CMA) said it would investigate the systems underpinning tools such as ChatGPT in order to evaluate the competition rules and consumer protections that may be required. This,... Read more âș
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Ever dreamed of being a Jedi? Armed with an elegant weapon for a more civilised age, many of us have fantasised about cutting a bright green (or blue) swathe across a galaxy far, far away. Disney even released a patent in 2018 for one such device, although âSword device with retractable, internally illuminated blade,â doesnât quite evoke images of cutting through blast doors or droid armour. That begs the question... Read more âș
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Germanyâs Infineon has broken ground on its new âŹ5bn semiconductor manufacturing plant in Dresden, less than six months since announcing the project. Speaking at the groundbreaking ceremony yesterday, European Commission President Ursula von der Leyen hailed the construction as a âmajor step forwardâ toward the blocâs goal of boosting its market share in semiconductors. Europe is currently scrambling to reduce its reliance on foreign imports of semiconductor chips from, among... Read more âș
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Coordinated by Europol and the US Department of Justice, yesterday, Operation SpecTor seized over âŹ50mn in cash and cryptocurrency, 850 kg of drugs (including amphetamines, cocaine, MDMA and ecstasy pills) and 117 firearms. The latter, contrary to Europolâs choice of emoji, were in all likelihood not water pistols. đš 288 dark web vendors arrested in major marketplace seizure. Operation #SpecTor led to the seizure of:đ¶ EUR 50.8 millionđ 850 kg... Read more âș
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Nearly a quarter of the worldâs jobs will be disrupted in the coming five years, the latest report by the World Economic Forum (WEF) has found. Specifically, the job market will experience a 23% churn, as a result of emerging and vanishing positions. According to WEF, the companies surveyed anticipate that 83m jobs will be lost, albeit offset by the creation of 69m new roles. This still leaves a deficit... Read more âș
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As dry and bureaucratic as EU legislation may seem, it can also be groundbreaking and, dare we say it, radical. The bloc has taken a global lead in tackling regulation in areas such as green taxonomy and the much-anticipated AI Act. European lawmakers are also at the forefront in trying to curb the seemingly ever-growing dominance of Big Tech. The Digital Markets Act (DMA) is the EUâs tool to attempt... Read more âș
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Move over Tony Stark, thereâs a new player in town. Augsburg-based startup German Bionic has developed wearable exoskeletons that endow superhuman strength â although they are a little more modest than Iron Manâs. Founded in 2017, the startup is one of several companies around the world developing exoskeletons to make physically demanding jobs easier. Whether for warehouse staff, elderly care professionals, or construction workers, âeveryone can benefit from a little... Read more âș
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Dr Geoffry Hinton, widely referred to as AIâs âgodfather,â has confirmed in an interview with the New York Times that he has quit his job at Google â to talk about the dangers of the technology he helped develop. Hintonâs pioneering work in neural networks â for which he won the Turing award in 2018 alongside two other university professors â laid the foundations for the current advancement of generative... Read more âș
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At the beginning of the year, news readers were treated to images of German police forcefully removing climate activists from the village of LĂŒtzerath to make way for an open-air coal mine. Indeed, Germany may have averted a looming energy crisis this past winter by upping its coal consumption. While prioritising energy independence may have caused a detour from the transition to renewables, the countryâs goal is to reach climate... Read more âș
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If youâve been reading about the current state of the tech industry in traditional media reports, youâd be forgiven for assuming that the industry is trembling on a precipice, about to plunge into the inky abyss. The truth, though, is somewhat more nuanced. While sites such as layoffs.fyi, which tracks tech redundancies, are reporting that around 616 tech companies have laid off 184,101 employees so far this year, those layoffs... Read more âș
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ChatGPT has spawned a new sector of AI chat apps â and Europeâs at its epicentre. Since the tool launched in November 2022, these apps have been downloaded 23.6 million times from the Google Play Store, according to research by App Radar. The study uncovered 40 AI chat apps with over 10,000 users that harness ChatGPT or similar tech. Europe emerged as the global leader of the nascent segment. The... Read more âș
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Much of the world may currently be fretting about how to limit the impact (lack of privacy, copyright issues, loss of jobs, world domination, etc.) of artificial intelligence. However, that does not mean that there isnât enormous potential for AI to improve quality of life on earth. One such application is healthcare. With the ability to process big data sets, the deployment of AI could lead to significant advances in... Read more âș
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In March, Italy became the first Western country to temporarily ban access to ChatGPT within its borders. Citing concerns over âunlawfulâ data collection and the lack of an age verification mechanism for minors, the countryâs data protection agency â Garante â blocked the service, requiring OpenAI to meet a series of demands for the suspension to be lifted. As of April 28, Italian users have regained access to the AI... Read more âș
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The COVID-19 pandemic was a veritable gold rush for food delivery startups â as the world shut down, people ordered in. These companies promised rapid delivery of groceries from local stores using bikes and scooters, and as demand skyrocketed, investors poured cash into the booming industry. But now, amid soaring inflation and a post-pandemic downturn, the âquick commerceâ market is undergoing rapid consolidation with small companies being swallowed up by... Read more âș
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While the UK is being labelled as âclosed for businessâ and Rishi Sunak is playing Unicorn Kingdom in Silicon Valley, the British chip industry risks losing some of its strongest players due to a lack of supportive policies. Based in Cambridge, UK, Pragmatic Semiconductor, funded in part by the CIAâs investment branch In-Q-Tel, has created an ultra-thin, ultra-low-cost, flexible integrated circuit (FlexIC). Instead of relying on silicon, it is made... Read more âș
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A group of over 23 VCs across Europe and the US have joined forces this week to guide startups and their early-stage investors towards net zero, in an effort to decarbonise the global economy and the venture capital industry. The Venture Climate Alliance (VCA) consists of both generalist and climate-focused firms, and its members manage a combined $62.3 billion in assets, according to Crunchbase figures. To begin with, participating VCs... Read more âș
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Barcelonaâs food tech startup Heura has unveiled its new patent-pending technology aimed at producing meat substitutes without the lengthy and sometimes off-putting ingredients list. The company says it is the first scalable technology of its kind to add âsuperiorâ nutritional value to plant-based foods. The data is abundantly clear â if we are to have any chance at halting global warming, we need to revolutionise our food systems. Approximately 14.5%... Read more âș
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The UKâs competition regulator has blocked Microsoftâs $68.7bn acquisition of Activision Blizzard, the maker of world-renowned games including Call of Duty and World of Warcraft. The Competition and Markets Authority (CMA) said itâs concerned that the deal would tamper with the future of the rapidly-growing cloud gaming market, resulting in reduced innovation and fewer choices for UK gamers. According to the CMA, Microsoft, which already accounts for an estimated 60%... Read more âș
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Netflixâs password sharing crackdown has cost it one million users in Spain during the first quarter of 2023, a new study by market research group Kantar has found. This translates to an approximately 15% decrease of its total users. The streaming platform introduced the new measures in Spain in early February, asking for a âŹ5.99 monthly fee from users sharing their passwords with other households. According to Kantar, this is... Read more âș
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The EUâs latest crackdown on big tech is taking shape. The bloc yesterday released a list of companies that must adhere to the strictest rules of the landmark Digital Services Act (DSA). The 17 platforms and two search engines reach at least 45 million monthly active users. All of them have four months to comply with the full obligations of the DSA. The services are now mandated to mitigate their... Read more âș
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13.05.2026 21:46
Last update: 21:30 EDT.
News rating updated: 04:40.
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