Adobe terminates acquisition of cloud design software maker Figma amidst mounting regulatory challenges in EU, UK
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UK Regulator Begins Scrutiny Of Microsoft Partnership With OpenAI
CMA seeks feedback about the relationship between Microsoft and OpenAI, and whether it has antitrust implications
Bank Of England, FCA Propose Rules To Regulate Bank’s Tech Reliance
Financial Conduct Authority, Bank of England publish proposals to bolster tech resistance of the financial sector
FTC Urges Appeals Court To Reject Microsoft-Activision Merger
Last regulator standing. US FTC tries again to block Microsoft's already closed Activision purchase at Federal Appeals Court
Elon Musk’s xAI Seeks To Raise $1 Billion In Equity
AI startup xAI, founded by one of the richest men in the world Elon Musk, seeks to raise up to $1 billion in equity offering
Silicon UK Pulse: Your Tech News Update: Episode 28
Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 01/12/2023.
Broadcom To Axe 1,200 Staff After $69 Billion VMware Acquisition
Staff paying the price. A week after closing $61bn purchase of VMware, Broadcom begins laying off VMware employees
CMA Finds $20 Billion Adobe Figma Deal Could Harm UK Digital Design
Provisional finding from the UK antitrust regulator, the CMA, puts Adobe's $20 billion acquisition at risk
European Commission Cites Competition Concerns Over Amazon’s iRobot Deal
Despite reports deal would be approved, European regulators hand Amazon statement of objections to iRobot acquisition
Binance Founder Changpeng Zhao To Remain In United States
Judge sides says former Binance CEO Changpeng Zhao must remain in the US whilst he considers he request to return to the UAE
Binance Founder Zhao Pleads To Leave United States
Former Binance CEO Changpeng Zhao urges US judge to reject DoJ request to stop him leaving the United States before sentencing
Nissan To Invest £3bn, Switch All UK Models To Full Electric
Japanese car maker to invest £3 billion as it confirms all three models made at UK plant will go 100 percent electric
Terra Co-Founder Do Kwon To Be Extradited
Court in Montenegro approves extradition of 'cryptocurrency king' Do Kwon, but to which country? South Korea or United States?
Amazon Set To Win EU Approval For iRobot Purchase – Report
After UK approval, European antitrust authorities look set to give unconditional approval for Amazon to purchase iRobot
Binance Sees $956m Funds Withdrawn, After CEO Pleads Guilty
Investors have withdrawn $956m from Binance since Changpeng Zhao pleaded guilty and stepped down as part of $4bn settlement
Autumn Statement 2023: Tech Implications
Chancellor's Autumn statement for the tech industry focused on AI, quantum computing, R&D tax credits, and more
Binance CEO Changpeng Zhao Pleas Guilty, Resigns
Binance admits it engaged in anti-money laundering as part of $4 billion settlement with US DoJ. Founder, CEO Changpeng Zhao pleads guilty
Broadcom Expects To Complete $61bn VMware Deal On Weds
Broadcom expects to complete $61bn VMware acquisition on Wednesday after triggering antitrust probes around the world
OpenAI’s Altman Courted Investors For AI Chip, Device
In weeks before his shock ouster from OpenAI Altman was reportedly looking to raise billions for an AI chip start-up and an AI-focused device
Newport Wafer Fab Sold To US Buyer For $177m
Celsius Network Approved To Exit Bankruptcy
New Jersey-based Celsius Network receives US bankruptcy court approval for a restructuring plan so it can exit Chapter 11
Apple Setback In EU $14 Billion Tax Row
Legal setback for Apple as it seeks to avoid to paying over $14 billion in back taxes, after EU clampdown on unfair state aid
Amazon Creates Team For ‘Olympus’ AI Model – Report
More AI moves by Amazon, amid report of hefty funding for development of large language model (LLM) to rival ChatGPT
Bumble Chief Whitney Wolfe Herd To Step Down
Whitney Wolfe Herd, chief executive and founder of women-first dating app Bumble, to step down after nearly 10 years
WeWork Files For Bankruptcy Protection In US
WeWork, once valued privately at $47bn and seen as future of workplace, files for bankruptcy in US amidst heavy losses
Chinese AI Start-Up Achieves $1bn Valuation In Eight Months
Beijing-based AI start-up 01.AI, founded by computer scientist Kai-Fu Lee, valued at more than $1bn less than eight months after founding
Sam Bankman-Fried Found Guilty On All Charges
Former crypto billionaire Sam Bankman-Fried found guilty of all charges for his role in the collapse of FTX and Alameda Research
Apple Disappoints As FY23 Results Decline
Declines for Mac, iPads and wearables, home and accessories, plus gloomy holiday season outlook, dents Apple's Q4 and full year results
Sam Bankman-Fried Trial Nears End After Closing Remarks
Criminal trial of FTX's Sam Bankman-Fried enters the final stretch, after closing arguments from prosecution and defence teams
Vodafone To Exit Spain With Sale Of Spanish Arm To Zegona
Mobile giant confirms it will sell Vodafone Spain to Zegona for $5.3 billion (£4.4bn), in another restructuring move by new CEO