News
Chinese retail giant Alibaba has developed an artificial intelligence model that’s managed to outdo human participants in a reading and comprehension test designed by Stanford University. The model scored 82.44, whereas humans recorded a score of 82.304.
The Stanford Question Answering Dataset is a set of 10,000 questions pertaining to some 500 Wikipedia articles. The answer to each question is a particular span of text from the corresponding piece of writing.
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Kodak's shares have more than doubled on the news it plans to launch its own cryptocurrency and establish a Bitcoin mining farm with a view to sharing profits with its customers, as part of a wider strategy for embracing blockchain technology.
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Sales at internet giant Asos, which sells brands from Hollister to Hugo Boss, could rise by 30 per cent this year to top £2.4 billion.
That would see the company, which targets 20-something fashionistas, soar past ailing high street giant Debenhams which sold £2.3 billion of goods last year but last week admitted that a dire Christmas had blown a hole in its annual profits.
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Unknown to the nearly 9m people commuting around London each day, every move they make has already been predicted.
In an ordinary looking Transport for London office – the location of which TfL have asked not be revealed due to the sensitive nature of work taking place there – a powerful computer system models millions of trips around the capital, before they actually happen.
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Apple’s tax struggles in Europe have been well documented in the past, and now an extensive audit has forced the company to pay an additional tax bill. As reported by The Financial Times, Apple is being forced to pay an extra £136 million tax bill in the UK.
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UK tech startup Redux has been acquired by technology giant Google.
According to Bloomberg, the international tech firm quietly acquired the Cambridge-based startup, whose proprietary technology creates surfaces which transform phone displays into speakers.
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There are a number of services that let you sell your used watches or simply purchase new watches but few have the funding war chest of Chronext. This online services lets you buy and sell fancy watches for a fraction of the price and, as evidenced by their performance and the performance of competitor Crown and Caliber, it looks like that market is heating up.
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The developing robotics sector presents an exciting opportunity for investors. Back in 2015, companies spent £55 billion globally on robotics; this figure is expected to double to nearly £105 billion by 2019, while the number of domestic household robots is set to increase to 31 million between 2016 and 2019, up from just 3,700 in 2015.
The reality is that many of us will in the next two – five years be working alongside a collaborative robot (cobot), whether that’s a physical robot or a virtual AI bot, such as British firm Botskill’s chatbot that mimics human conversation using artificial intelligence.
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The online fashion retailers were expected to the winners over the crucial Christmas trading and boohoo proved the point doubling its sales in the four months to 31 December.
During the period the group, which also includes the Nasty Gal and PrettyLittleThing brands, achieved total group revenue up 100% to £228.2m.
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FinTech firm Goji has raised a ‘seven figure’ Series A from investors including Anthemis’ Venture Fund 1 (AVF1) and AXA Strategic Ventures (ASV).
Goji will use the cash to continue developing its platform and product pipeline, including its diversified P2P lending bond.
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