Business & Tech
The latest stories from independent business & tech media.
The Big Interview: Nestlé Group Group CDIO, Christopher Wright
270,000+ staff, 335 factories, 7,000 applications, 30 "billionaire" brands; a lot of spinning plates.
Open models can do 90% of agentic work at a twentieth of the cost of a frontier LLM: Gartner
Models are commodities, harnesses are the valuable part
Architect creates open source replacement for VM migration tool VMware has hidden
OpenVDDK is reportedly already being used in production, at scale
SUSE to cut one in ten employees because of... AI
'Modern tooling is already changing our daily workflows' says CEO at open source biz
Cops bust botnet of 1.3M infected Android TV boxes
Videostrong accused of shipping devices with a backdoor baked in
Toyota shows off SoC that stores model weights and its OS on integrated memory
Accessing external memory puts the brakes on physical AI, so carmaker has found an economical and speedy shortcut
Primark owner warns of further profit decline after 14% slump
Primark owner Associated British Foods has warned that profits will fall again next year after reporting a 14 per cent decline in annual earnings.
Oracle gobbles $20 billion borrowing limit a week after setting it
In the middle of a datacenter capex binge, vendor promises no more borrowing until the end of 2030
Goldman bans traders and bankers from using AI coding tools
Goldman Sachs has banned traders and other employees from using advanced AI tools for coding over productivity and risk concerns, according to Bloomberg
Max-severity bug in widely used OT programming tool exploited to deliver Linux malware
Your industrial IoT gateway isn't exposed to the internet, right? RIGHT?!
These smart glasses promise to turn your silent mouth movements into text
Crazy person, or efficient employee? As always, it depends on what they're wearing
AI could break legal systems by finding previously hidden loopholes
Turns out legislation may have bugs, too
Zalando beats sales expectations with profit rise and AI shopping push
Zalando has beaten third-quarter sales expectations, citing strong growth in its business-to-business division. It reported a 5.1 per cent rise in revenue to £2.8bn for the three months to September, ahead of the £2.63bn forecast by analysts surveyed by LSEG.
John Lewis unveils 2026 Christmas advert starring Kristin Scott Thomas
John Lewis has officially unveiled its much-anticipated 2026 Christmas advert, starring Dame Kristin Scott Thomas and Paul Whitehouse. Titled Gloria and Pickles, the three-minute advert centres on the relationship between grandparents and grandchildren, encouraging shoppers to…
Marvell wants to be a copper topper, bets $115B on photonics leader to push optical networking
IP house believes optics demand is going to explode as Nvidia and others eye bigger systems
Ericsson says it can detect, track drones using only mobile networks
ISAC technology adds detection ability to existing cell networks, enabling them to track low-flying small drones
Thieves pilfer environment variables from Trigger AI workflow tool
So, who's ready to clear the dust out of that server closet and move things back on-prem?
Binance users withdraw $5bn in wake of hack
Binance users have withdrawn nearly $5 billion from the crypto exchange since it reopened after the hack last week that saw North Korea-linked crooks make off with $6.3 billion.
TZero to go public in Spac deal
TZero, a provider of blockchain-based infrastructure for financial markets, is planning to go public via a merger with blank-check company FG Imperii Acquisition Corp.
Gillian Hepburn: Embracing the opportunity and managing the risks of AI
Never a day goes by without another AI headline, research paper, podcast, conference presentation and predictions! However, last week the FCA published two very helpful and positive documents: an AI update and ‘AI in Financial Services: good practice and areas for improvement'.
Nuclear threats and street brawls: Russia, Ukraine report attacks on their emergency alert apps
Within minutes of a ceasefire lifting in Kherson, Ukraine’s citizens were pummelled with threatening notifications
Nyse tokenised securities platform gets on-chain shareholder services through Broadridge
Broadridge is planning to bring on-chain shareholder governance and digital transfer agency services to the New York Stock Exchange’s new tokenised securities platform.
Anthropic's compute tab could top $1T as Q3 revenue nears $17B
Revised IPO filing warns 12x revenue growth is unlikely to continue
HSBC to open Hong Kong AI and emerging technology institute
HSBC is building a global AI and emerging technology institute in Hong Kong that will see the bank work with academic and tech partners on developing new tools and products.
Token thieves costing companies $100K+ per day in illicit LLM charges
Eurex Clearing integrates digital instruments to become 'hybrid CCP'
Eurex Clearing is claiming to be the "world's first hybrid central counterparty", integrating native digital instruments into its established ecosystem.
Scrub Daddy plans new Tiverton headquarters
Cleaning products brand Scrub Daddy, known for its smiley-face sponges, is planning to establish a new headquarters in Tiverton, Devon, as it grows its retail presence and product portfolio.
Lo:Tech raises $12m to take on Wall Street
Lo:Tech, a London-based capital markets firm built for round-the-clock and onchain markets, has raised $12 million in a Series A round led by MMC.
The Card Boys: former Freddie’s Flowers duo putting human connection back into greetings cards
Adam Newington and Callum McIntyre-Nash are applying their subscription expertise to a low-frequency greetings-card service that champions living artists, thoughtful communication and convenience without compromise.