Corporates and innovation

adopting-robots-makes-profits-drop-before-they-rise,-study-finds

Adopting robots makes profits drop before they rise, study finds

As demand for industrial robots surges, new research suggests the rewards are slow to materialise. According to the Cambridge University study, robots typically cause early losses before they can yield a payoff. The researchers analysed industry data across 25 EU countries between 1996 and 2017. They found that when adoption levels are low, robots can have a […]

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France’s AFP sues Twitter over non-payments for displaying news

A bad week for Elon Musk just got even worse. After enduring a scandal over Tesla’s driving ranges, a risible rebrand of Twitter, and a divisive feud with hate-speech researchers, Musk discovered yet another powerful enemy: Agence France-Presse (AFP). The French news agency announced on Wednesday that it’s suing X — Musk’s new name for Twitter

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Meta succumbs to EU pressure, will seek user consent for targeted ads

Meta operates a highly targeted advertising model based on the swathes of personal data you share on its platforms, and it makes tens of billions of dollars off it each year.  While these tactics are unlikely to end altogether in the near future, the company could soon offer users in the EU the chance to

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UK chipmaker Arm targets $60B-plus valuation for September IPO

British chip maker Arm is targeting an initial public offering (IPO) at a valuation of between $60bn and $70bn as early as September, amid surging demand for semiconductors for cloud computing, AI, and EV applications.   The roadshow is scheduled to start the first week of September with pricing for the IPO the following week, Bloomberg

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uk’s-first-drone-delivery-service-launches-in-remote-scottish-islands

UK’s first drone delivery service launches in remote Scottish islands

Remote communities off the Scottish coast are now the first people in the UK to have their mail delivered by drone.  Royal Mail and London-based Skyports Drone Services launched the project to make it easier for residents of Orkney, located off the north coast of Scotland, to receive their mail without delays.  The drones will

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new-hope-for-microsoft-activision-deal-after-uk-regulator-reopens-consultation

New hope for Microsoft-Activision deal after UK regulator reopens consultation

The UK’s antitrust watchdog has called for more public input on Microsoft’s bid for Activision-Blizzard, renewing hopes that the deal will be approved. The Competition and Markets Authority (CMA) originally blocked the $69bn (€63bn) merger in April. At the time, the regulator cited concerns that Microsoft would gain an unfair edge in cloud gaming and

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Telecoms giant BT wants to turn old broadband boxes into EV chargers

The innovation arm of British telecoms giant BT — called Etc. — is looking to convert the Group’s street cabinets into EV charging points. The big green cabinets, a common sight across the UK, are currently used for providing copper-based broadband and phone services but are soon to be decommissioned as BT transitions to full

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Virtual worlds pioneer targets sports for revival of metaverse dream

On a typical visit to a sports stadium, you don’t bump into 20-metre-tall giants outside the gates. But this isn’t your typical sports stadium. It’s the MLB virtual ballpark — the first metaverse for a pro sports league. The venue opened on July 8, for a watch party during Major League Baseball’s All-Star Weekend. Hosting

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These antimicrobial spacesuits could solve astronauts’ laundry woes

Wardrobe malfunctions are never fun. When on Earth, they might be a nuisance or prove somewhat embarrassing. In space however, they could be a matter of life and death. Not to mention, how do you handle, uhm, laundry on the Moon? The European Space Agency (ESA) says that the next generation of lunar explorers will

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vanmoof:-what-startups-can-learn-from-the-rise-and-fall-of-an-ebike-superstar

VanMoof: What startups can learn from the rise and fall of an ebike superstar

Since launching in 2009, VanMoof, known for its sleek, high-tech city bikes, developed an almost cult-like following — from the streets of Amsterdam to New York.  Today, what was once the world’s most-funded ebike startup is bankrupt, leaving riders angry, loyal followers depressed, and the industry wondering — what’s next?  Pretty much everyone and their

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new-zinc-battery-tech-can-store-and-produce-green-hydrogen-on-demand

New zinc battery tech can store and produce green hydrogen on demand

While our transition to renewable energy is critical if we are tomeet our climate targets, fully relying on sources such as solar and wind still presents a major challenge: efficient and sustainable storage. Now, a German research consortium led by Fraunhofer IZM aims to tackle this problem with a zinc battery technology that can not

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Europe’s largest ever solar telescope set to enter construction phase

Seven European countries have joined forces to begin construction of the European Space Telescope (EST) — the largest of its kind to ever be built in the continent. On Tuesday, nine research institutions from the participating nations (Czechia, Germany, Slovakia, Spain, Sweden, Switzerland, and the UK) established the EST Foundation, which committed to lead the

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