Trial of former crypto multi-billionaire Sam Bankman-Fried begins in New York, with jury selection underway
TECHNOLOGY POWERING BUSINESS
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Elon Musk To Face Lawsuit For Late Twitter Stock Disclosure
US judge orders Elon Musk to face most of lawsuit alleging he defrauded shareholders with late Twitter shareholding disclosure
John McAfee Prison Death Appeal Rejected By Spanish Court
Appeal to reopen investigation into prison death of anti virus pioneer John McAfee is rejected by court in Spain
Silicon UK Pulse: Your Tech News Update: Episode 20
Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 22/09/2023.
Apple Ordered To Face Apple Pay Antitrust Lawsuit
US judge orders Apple to face antitrust lawsuit by payment card issuers for over the Apple Pay mobile wallet
TalkTalk To Split Into Three Companies, With CEO To Step Down
Job losses expected, as TalkTalk confirm plan to “demerge its main operating businesses” into three standalone entities
UK CMA Confirms Microsoft Compromise Satisfies Concerns
UK competition regulator indicates Microsoft/Activision compromise addresses previous CMA concerns in cloud gaming
Cisco Bolsters Cybersecurity Credentials With Splunk Buy For $28bn
Cisco makes one of its largest ever purchases, acquiring software and cybersecurity firm Splunk for $28 billion
Toshiba Approves $14bn Private Equity Takeover
Japanese conglomerate Toshiba set to go private after successful $14 billion offer from private equity firm JIP
Why The Middle East Offers Exciting Prospects To UK Tech Businesses
The Middle East is one to watch having taken centre stage over the past year. We recently saw the World Cup hosted in Qatar, which came as two notable visits took place by Western leaders, Rishi Sunak and Joe Biden. the leaders discuss ...
Neuralink To Begin Brain Implant Trial On Paralysed Patients
Elon Musk brain-implant startup, Neuralink, gains approval to begin human trials on people dealing with paralysis
ARM Shares Soar 25 Percent After Nasdaq Listing
Successful public listing for ARM Holdings in the US after its shares rise 25 percent above Nasdaq debut price
ARM Holdings IPO Values Firm At £43.6 Billion
Ahead of its shares listing on Thursday, British chip designer ARM Holdings secures a market value of $54.5bn (£43.6bn)
Apple And ARM Sign Long-Term Chip Deal
Apple has struck a deal with ARM through 2040 and “beyond,” to allow iPhone giant access to the British chip designs
Newport Wafer Fab To Cut Jobs, Blames Government Restrictions
National security restrictions blamed as Welsh chip factory proposes to axe 100 jobs, as search for new owner continues
Amazon Loses One Medical CEO After Acquisition
CEO of One Medical healthcare provider acquired by Amazon resigns, six months after $3.9 billion deal was closed
Binance Product Head Resigns Amid US Investigation
Binance's global head of product resigns, amid a number of executive departures, job losses, and US regulatory lawsuit
ARM Signs Up Major Tech Firm Investors, Prices IPO
Apple, Alphabet, Intel, Samsung etc sign up as investors in ARM's upcoming IPO, as management lowers listing valuation
Instacart Reports Revenue Surge Ahead Of IPO
US grocery delivery firm Instacart reports 31 percent revenue surge ahead of delayed offering, as investors look for IPO recovery
Mastercard Ends Binance Card Partnership
Latest blow to crypto giant as Mastercard ends Binance-branded cards in certain regions, following similar move by Visa
Nvidia Reaps AI Chip Demand As Profit Surges
Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips
FTX’s Sam Bankman-Fried Surviving On ‘Bread And Water’
Jail is not agreeing with vegan Sam Bankman-Fried, as lawyers express concern about access to suitable food, medicine in Brooklyn jail
Microsoft Makes Concession To Win UK Activision Approval
Major concession from Microsoft as it seeks to win approval from UK's CMA for $69bn (£54bn) Activision Blizzard acquisition
ARM ‘Saw Annual Revenue Decline’ Ahead Of IPO
UK-based chip designer ARM reportedly saw 1 percent annual revenue decline due to smartphone slump as it prepares bellwether IPO
SoftBank Acquires Vision Fund ARM Stake At $64bn Valuation
Japan's SoftBank acquires 25 percent ARM stake from its Vision Fund unit in deal that values UK chip designer at $64bn, ahead of planned IPO
Silicon UK Pulse: Your Tech News Update: Episode 14
Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 18/08/2023.
PayPal To Pause UK Crypto Sales Until 2024
As UK regulator readies crypto advertising rules, PayPal says it will “temporarily pause” British users from buying cryptocurrencies
UK Launches £1 Billion FinTech Fund
FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing
Vietnam’s VinFast Car Maker Overtakes GM, Ford After IPO
Shares in VinFast surge 270 percent after IPO, valuing Vietnam’s car manufacturer ahead of Ford and General Motors
Intel Purchase Of Tower Semiconductor Terminated, China Blamed
Intel's proposed acquisition of Tower Semiconductor for $5.4bn terminated after China failed to approve the deal