This week's roundup looked at the top news stories from the Global B2B tech & telecoms industry.
The stories cover AI, Data Centres, Iphones, Fibre and 5G.
Here are our highlights:
Monday _____________________________
UK moves forward with AI regulation
The announcement came from UK Prime Minister Rishi Sunak after a two-day AI Summit featuring senior officials from the US, China and Elon Musk. Leading tech firms including Meta, Google and OpenAI will allow regulators to test their latest AI products.
Read the full story here: https://bit.ly/3skOZjZ
Uber, Lyft to pay $328 million to settle New York wage theft claims
Uber and Lyft will pay $328 million to settle claims by New York's attorney general that the ride-sharing companies systematically cheated drivers out of pay and benefits.
Read the full story here: https://reut.rs/47mRjpp
Tuesday_____________________________
Data centre waste to heat homes in UK first
The UK government has announced five innovative projects will receive a share of £65 million to deliver cleaner, low-cost heating to thousands of homes and businesses across the country. The largest of the projects will see thousands of homes near to data centres heated by waste energy, reducing energy bills and use a low-carbon energy source, helping it reach its 2050 net zero objectives.
Read the full story here: https://bit.ly/3QrdF2u
Apple iPhone sale revenue reaches new record
Revenue from iPhone sales reached a new record due to high demand in China and emerging markets, the company announced on Thursday. However, the high Q3 revenue was not enough to reverse the downward trend in Apple's overall performance.
Read the full story here: https://bit.ly/3QKV8iX
Wednesday___________________________
Telefonica launches €2bn bid for German unit
Telefonica is launching a bid to buy 28.19% of Telefonica Deutschland in a bid worth around €2 billion or €2.35 per share. The cash offer is said to be a 37.6% premium to the German unit’s closing price on Monday. The unit has a market value of around €5 billion.
Read the full story here: https://bit.ly/469uLrk
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Male-owned VC funds receive ten times more LP funding
Male-owned venture capital funds received around 10 times more investment from limited partners (LPs) than their woman-owned over the last six years. Just 7p in every pound raised from LPs over the period has gone to all-woman funds.
Read the full story here: https://bit.ly/3u6Pcbj
Thursday____________________________
IBM launches $500m AI venture fund
IBM is launching a US$500 million venture fund to invest in a range of AI companies from early-stage to hyper-growth startups. The IBM Enterprise AI Venture Fund will invest in current and future AI leaders that are helping business around the world realise the potential of AI for business.
Read the full story here: https://bit.ly/475hHEO
Orange reaches new agreement with French government on 2025 fibre deployment
The agreement includes the least densely populated private-initiative zones in France (AMII zones).
Read the full story here: https://bit.ly/3sACHUG
friday______________________________
YouTube tests AI tool that clones pop stars' voices
YouTube has revealed an artificial intelligence tool that allows users to imitate pop stars like Demi Lovato and John Legend. The experimental feature, called Dream Track, allows users to create short songs by describing qualities including lyrical content and mood.
Read the full story here: https://bbc.in/3MS7kMn
UK invests £36M in pioneering ‘5G Innovation Regions’
Ten multi-local authority areas spanning the entire UK will benefit from £36 million in funding, becoming designated 5G Innovation Regions (5GIRs). The initiative aims to drive the development and adoption of 5G and other cutting-edge wireless technologies.
Read the full story here: https://bit.ly/3G4iVnK
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