Category: In Business

Feb 27

AI to Design Drugs in the Near Future, Says Google DeepMind CEO

Demis Hassabis, CEO of Google DeepMind, predicts that artificial intelligence (AI) could revolutionise drug discovery by designing drugs directly in clinics within the next few years. Speaking at the Mobile World Congress in Barcelona, Hassabis emphasised the significant impact AI will have on drug development. Deepmind, bought by Google in 2014, is an AI research […]
Feb 21

New Research Shows $42 Trillion Locked in Global Supply Chains Stymies SME Growth

The latest Prism SME Barometer reveals UK’s small and medium-sized businesses face a massive $42 trillion in working capital trapped in global supply chains. This capital constraint severely limits SMEs’ ability to expand internationally. It shows access to capital ranks among the top barriers to SME participation in global trade. Over 30% of SMEs surveyed […]
Feb 20

BBC faces scrutiny over IR35 implementation during government questioning

Tim Davie, the Director General at the BBC, and his team found themselves under the intense scrutiny of the Public Accounts Committee (PAC) yesterday regarding the corporation’s implementation efforts across the UK. Among the topics discussed during the session, the issue of IR35, particularly pertinent in light of the recent Atholl House case, took centre […]
Feb 20

£3.7M awarded to advance UK smart factory projects

The Made Smarter Innovation Challenge, part of UKRI’s Made Smarter Innovation (MSI) Challenge, has awarded significant grants totalling £3.7 million to advance smart factory projects in the UK. These grants, ranging from £107,000 to £535,000, have been allocated to 11 late-stage robotics and automation projects aimed at enhancing energy efficiency, productivity, and growth across manufacturing […]
Feb 14

Airbnb ‘reinventing’ itself with £4.8bn share buyback as it looks to go ‘far beyond travel’

Airbnb is charting a course towards diversification beyond its core offerings, unveiling a $6 billion share buyback scheme alongside a mixed set of fourth-quarter results. The home rental platform is set on “reinventing” itself and venturing into new business territories, with plans to expand into markets like Switzerland, Belgium, and the Netherlands. “Airbnb is at […]