Share Name Share Symbol Market Type Share ISIN Share Description
Globaldata Plc LSE:DATA London Ordinary Share GB00B87ZTG26 ORD 1/14P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 830.00p 820.00p 840.00p 830.00p 830.00p 830.00p 1,895 07:45:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 157.6 -7.7 -11.0 - 849

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A good article. Tech giants face UK tax overhaul as Treasury says they must pay more By Tim Wallace and James Titcomb 22 February 2018 • 7:53pm Tech giants could face sweeping new taxes in the UK as the Treasury is considering taking a share of their revenues, with politicians claiming the current level of payments to the Exchequer is not fair. The radical proposal would break the principle of levying tax on profits which is designed to make sure taxes are paid in proportion to money earned, rather than turnover. Officials grappling with the idea have even considered labelling the use of a search engine as "bartering" as web users exchange their data for the company's information – and so it could be subject to VAT, even though no money changes hands. But tax experts said the plan risks imposing double taxation on tech companies if profits are taxed in one country and revenues are taxed in the UK – pushing them to invest less in Britain as a result. "If we look at what they’re trying to say, it is that profits are being made here but they are not being taxed in the UK, it is being taxed elsewhere. So it is effectively a battle between governments over who gets the taxing rights," said Chris Sanger at EY. "What they’re trying to do is overturn the current status quo, and that will lead to double taxation. We try to avoid that because it acts as a real deterrent for companies to invest in the country." The OECD is coordinating an international effort to work out if and how to tax digital titans more, and is expected to publish a report in the coming months. But if this process is too slow or unwieldy, or fails to reach a conclusion at all, the Treasury is considering acting unilaterally. Mel Stride, the financial secretary to the Treasury, said the tax system was not designed to cope with multinational digital businesses, and a revenue levy was the "potentially preferred option". “At the moment [they] are generating very significant value in the UK, typically through having a digital platform with lots of users interacting with that platform," he told the BBC. "That is driving a lot of value, so you're looking at social media platforms, online marketplaces, internet search engines, where at the moment the tax regime is not taxing those activities fairly. "We want to move to a situation where we are taxing those activities fairly." Firmer plans could be announced in next month’s Spring Statement, when the Chancellor updates Parliament on the state of the economy and his tax and spending plans. This would not be the first attempt to raise more cash from the companies. Google and Facebook, which have historically shifted sales to their bases in Ireland, have both started to pay more tax in the UK after George Osborne’s “diverted profits tax”, a levy on companies moving revenues offshore. This is currently raising in the region of £200m to £300m per year, a sum which has been deemed insufficient by officials, hence their search for an additional levy. Two years ago Facebook began to recognise more of its revenues in the UK, which led to its bill to the Exchequer increasing last year. Google paid £36.4m in tax in 2016, the most recent set of figures, an increase on previous years after a six-year inquiry into the company’s affairs by HMRC. The companies have insisted they pay all the tax they owe, but have continued to face accusations that they are not paying their fair share. Google, Amazon and Facebook have pointed to increasing levels of investment in the UK, including promises to hire thousands of new staff, as evidence of them helping the economy. The companies did not comment but one tech industry source cautioned against the UK introducing its own measures, warning that other countries could retaliate in a way that would harm British businesses overseas. A range of practical difficulties are in the way, too, including how to define which companies should face the tax, as many more "conventional" companies also have large online business operations. The Treasury has indicated this change will target only social media firms, online marketplaces, search engines and other companies which derive significant value from customer data, obtained through "free" services. Another challenge is that taxing revenues makes life difficult for companies which are loss-making, because they have no profits from which to pay HM Revenue and Customs. Sometimes this is because companies are investing heavily – government sources indicate startup firms could be exempt from the revenue tax, in an effort to avoid stifling their investment and expansion. This too could be difficult to define, however. Amazon made little by way of profit until recent years, and tech unicorns such as Snap are fast-growing startups worth tens of billions of dollars but are not close to turning a profit. The entire digital industry is very new in historical terms so a threshold would need to be set to decide what does and does not qualify. Crossing borders to tax revenues may also be legally problematic if a company from the US or China sells adverts from a third country based on data gained from UK web users. News of a potential tax change follows the publication of a position paper alongside the Budget in November. “The Government believes in the principle that a multinational group’s profits should be taxed in the countries in which it generates value,” the paper said – which may mean where customers use the digital companies’ services, not where the websites are based or designed, which is where businesses often argue the value is generated. “Pending reform of the international framework, the Government will explore interim options to raise revenue from digital businesses that generate value from UK users, such as a tax on revenues that these businesses derive from the UK market,” the paper said. “The UK will work with other countries to consider how such a tax could be targeted, designed and co-ordinated to minimise business burdens and distortion. However, the Government stands ready to take unilateral action in the absence of sufficient progress on multilateral solutions.” At the time tax experts warned unilateral action could attract extra taxes on UK firms operating abroad. "Any moves made by the UK are likely to be mirrored by other countries, so UK digital businesses operating overseas will be equally affected," said Alison Lobb, international tax partner at Deloitte. She also warned the levy could deter cross-border trade in a highly global industry.
Blackbird is the most responsive cloud video platform available So where are the revenues? hxxp:// February 8, 2018 by Jeff Krebs New world MAMs There is a new worldview of Media Asset Management (MAM) technology. Once perceived as an integrated storage system linked to a platform facilitating distribution, it is now understood as an integral layer in the framework along with Production Asset Management, and Digital Asset Management. Today MAM technology is recognised as a critical part of the media supply chain and media companies are utilizing these frameworks to connect production and distribution to control the flow of media through its lifespan. With all the challenges of MAM requirements, including vertical integration with non-MAM processes which range from traffic, scheduling and airtime, to horizontal alliances with content production and distribution functionalities – the discussion surrounding the efficiency of content visibility through proxy browse technology gets ‘lost in translation’. For the feature/function of proxy browse, the media industry generally utilizes the H.264 codec. As commonplace as the H.264 codec is, there are some issues which need to be considered: •H.264 known profiles – careful considerations need to be made and adhered to upfront, in order to “lock into” the correct profile(s) for your entire supply chain requirements, since H.264 has a minimum of 22 known profiles. •General purpose CPUs – software implementations that run on general-purpose CPUs are typically less power efficient and below the horsepower required to process smoothly. •Bandwidth dependant – A good, non-buffering, client-side playback of a pre-created proxy is bandwidth dependent. Working “off-premise” can lead to unpredictability for the client side user experience and this can range from ‘great’ to ‘terrible̵7;. For a proxy feature/function, H.264 is a solution for the wrong problem, being forced on to a MAM when no other alternative solution was known or available…until now. Blackbird is the most responsive cloud video platform available. It is surrounded by media services and can be accessed at any time and from any location. Blackbird has the potential to fit into various levels of your media supply chain layers and works alongside your current proxy browse workflow. What is the Blackbird codec? Blackbird is designed to perform video manipulation tasks that are impossible to achieve with the H.264 codec. •A software frame accurate codec designed to exceed in navigation and manipulation, with graceful operation on slower connections. •It uses Intraframe and multiple Interframe temporal resolutions to allow efficient access at multiple frame rates and playback speeds (reverse and forward). •It uses blocks and motion compensation but avoids DCT which is slow and introduces unnatural visual artefacts. •It updates its codewords 10,000 times per second to adjust to changing content. •It allows media manipulation and fast random access for navigation. •As a software solution, it can be easily upgraded, increasing quality while decreasing bandwidth requirements. Creating a Blackbird layer is simply a matter of monitoring and scanning mounted volumes in a variety of methods that are part of your asset management integration. The creation process works independently but integrates neatly into your workflow. Blackbird can also sit neatly as a “slip-in”; or “bolt-on”; without disruption to current integrations. See how Blackbird can improve your proxy view requirements, take a test drive below:
hxxp:// NBC to Stream Live Winter Olympics Video Over Snapchat Just days after its surprisingly good quarterly earnings report, Snap says it's getting in the Olympic spirit and making NBC its first live TV partner. By Troy Dreier Posted on February 8, 2018 For the first time, NBC will stream live Olympics video to a partner: Snapchat will carry a live Olympic moment each day during prime time, starting tomorrow. Live video is a new offering for Snapchat, and NBC will be its first TV partner for live content. Viewers will be able to sign up for notifications letting them know when a live stream is about to take place. These live moments will be featured on the NBC Olympics Discover page in Snapchat. The two companies didn't say how long the live streams will last, but it sounds like they'll be highly anticipated moments from key events. NBC's statement emphasizes that viewers can "zoom in on different live angles," so viewers will probably be able to see streams that aren't part of the regular NBC broadcast. NBC has a financial interest in Snap's success, as it invested $500 million in the company during its IPO. Snapchat will also offer Olympic video in a daily Our Stories package. These curated Our Stories pieces will include custom context cards highlighting information from NBC, such as medal counts, local weather, schedules, and links to articles. To see them, viewers will need to swipe up on snaps that say "More." The Our Stories packages will combine broadcast footage, behind-the-scenes clips, and fan video. NBC will also create two original shows for Snapchat during the PyeongChang Games: Pipe Dreams and Chasing Gold. Pipe Dreams is a 4-part profile of 3 snowboard athletes, while Chasing Gold is a 17-part series on Team USA's journey. Both are available now. “Building off our successful partnership for the Rio Olympics, we’re excited to significantly expand the NBC Olympic experience on Snapchat by delivering even more content and coverage to the platform, including a live look-in on one of the most compelling moments each day during the Games,” says Gary Zenkel, president of NBC Olympics. BuzzFeed will create its own daily look at the events, using footage shot by a team in PyeongChang. BuzzFeed is an NBC partner, and will get unique access to athletes and Olympic venues. hxxp://
the U.S. will be Britain's "great trading partner" ... "We are going to make a deal with U.K. that'll be great" Roosevelt and Churchill are probably smiling in their graves. President Trump Hints at Retaliation Against EU for Unfair Trade Policies Date : 28/01/2018 @ 17:01 Source : Dow Jones News By Wiktor Szary in London and Emre Peker in Brussels President Donald Trump extended his threats of action against America's trading partners, this time hinting at major retaliation against the European Union for what he described as its "very unfair" trade policy toward the U.S. Mr. Trump has repeatedly complained about global trading arrangements that he says discriminate against the U.S. and has threatened steps that have fanned anxieties around the world about U.S. protectionism and the possibility it could set off a global trade war. His comments about the EU come days after he imposed steep tariffs on imports of solar panels and washing machines, a move aimed mainly at curbing imports from Asia. They were the first of what administration officials said would be a series of trade-enforcement actions in the coming months. "I've had a lot of problems with European Union, and it may morph into something very big from that standpoint, from a trade standpoint," Mr. Trump said in an interview with the U.K. broadcaster ITV, due to be aired later Sunday. The U.S. response would be "very much to their detriment," he said of the EU. "It's a very unfair situation. We cannot get our product in. It's very, very tough," he said. "And yet they send their product to us -- no taxes, very little taxes." Excerpts from the interview, conducted on the sidelines of the World Economic Forum in Davos, Switzerland, were published by The Mail on Sunday, the U.K. newspaper. The EU's executive branch -- the European Commission -- didn't immediately respond to a request for comment. Mr. Trump has frequently criticized multilateral trade agreements, and suggested he favored bilateral deals, while expressing concern about America's trade deficits with other countries. Shortly before taking office, he called the EU a "vehicle for Germany." After his trip to Europe in May, his first foreign visit as president, he also threatened action against Berlin. "We have a MASSIVE trade deficit with Germany.... Very bad for U.S. This will change," President Trump tweeted after meeting last year with EU and European leaders during a North Atlantic Treaty Organization summit in Brussels. The EU has regularly warned that U.S. actions smack of protectionism and risk undermining international free trade. Mr. Trump's decision to impose levies on solar panels and washing machines drew ire from Brussels. European solar panels make up about 2% of all U.S. imports. An EU official said the bloc would review the measures and react "firmly and proportionately" if the measures significantly impacted European exports. Mr. Trump has long promised to pursue a harder trade line in defense of U.S. manufacturers. On his first workday in office a year ago, he signed an order withdrawing from the Trans-Pacific Partnership, a 12-nation trade agreement being negotiated by his predecessor, Barack Obama. The president, however, signalled a potentially major policy shift on Friday in Davos, saying the U.S. "would consider negotiating" a trade deal with TPP countries, individually or as a group. Mr. Trump also is renegotiating the North American Free Trade Agreement, a 1994 trade pact between the U.S., Canada and Mexico. In the interview Sunday, Mr. Trump also criticized Britain's approach to negotiating its exit from the EU, scheduled for March 2019, saying he "wouldn't negotiate it the way it's [being] negotiated." Mr. Trump said "I think I would have said that the European Union is not cracked up to what it's supposed to be. And I would have taken a tougher stand in getting out." Mr. Trump, however, reiterated his commitment to striking a bilateral trade deal with the U.K. once its departure from the EU made that possible, saying the U.S. will be Britain's "great trading partner." "We are going to make a deal with U.K. that'll be great."
Blackbird is Forbidden's patented codec. We are still waiting for evidence of any meaningful revenues. Current market value £6.99m. hxxp:// January 24, 2018 by Kim Dunn Beyond Live Streaming – brand benefits & monetisation Live streaming looks to be a growing trend for 2018. It’s no surprise, its popularity has seen the likes of Snapchat, Instagram and Facebook Live provide live video streams to all their users. As real-time engagement levels rise, live streaming does not look to fade away anytime soon. People want to instantly ‘connect’; with content, to increase their levels of excitement and brand engagement as well as provide instant feedback. Live streams can provide more authentic, unscripted video content, with productions ranging from amateur smartphone recordings to sophisticated professional event setups. Instant video content reduces the fear of missing out (FOMO) on the latest score in a sports game. Providing a ‘sneak peek’ at the latest fashion trend, music video or film provides instant gratification. As a result, lines between mainstream and digital broadcasting are becoming more blurred. Today, broadcasters, brands and mega platforms are all tapping into the live streaming market. In a hectic world, Live video content simply fills the gap. Brands such as Red Bull changed marketing strategy and monetised videos instead of placing more spend on advertising for energy drinks. In one year over 639 videos were created with more than 1 million views per video. The result, a total of 1.7 billion views, 32.9 million engagements and a sum of $ 6.6 billion in sold energy drinks. Gregory Jacobs, Head of monetization at Red Bull Media House, North America termed these times as a ‘media renaissance’, where content can be distributed across many platforms with ‘no need be a part of the big [TV networks] or cable companies’. Live streaming methods are also more inventive – from the use of drones and smartphones to camera-to-platforms such as Freecast (which provide new wireless broadcasting) and Virtual Reality (VR). Broadcasters such as NBC will provide 50+ hours of live VR streaming from the Pyeong Chang Winter Olympics 2018 – including skiing, curling, snowboarding, and figure skating – to provide an exciting, immersive experience. Viewers will be able to gain new perspectives and thrills through Intel® True VR Technology. Using multiple camera pods at each Olympic event, they can create a 360-degree virtual reality experience with both audio and visual personalisation. Additionally, VR viewers will receive real-time stats, leaderboards and other event information. Regardless of the live streaming method, each brand, broadcaster and cloud hosting platform will look to deliver high-quality content with low latency to fans and audiences. Mega platforms such as IBM Cloud Live, Amazon AWS (owner of Twitch), MS Azure and Google Cloud Platform are all getting involved and where monetisation is key, innovative technology like Blackbird will make this difference. Blackbird technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels and corporations. The Blackbird technology allows full visibility of multi-location digital content, with clipping and editing in near real time. This dramatically improves time to market for live content, such as video clips and highlights for social media distribution, and results in much more effective monetisation. Nowadays, many potential viewers are ‘time poor’ and unable to watch the live stream, so the ability to repackage highlights and archive provides viewers with the ability to watch that game or tournament in free time. If your audience is global, potentially one-third of your audience is asleep and missing out on all the action! 10 references P.S. For those who don't remember (or have never known) NBC and Google used Forbidden's technology for part of their coverage of the London Olympics. Forbidden being based in London was probably a relevant factor then.
hxxps:// Caoimhe Toman WebFG News 23 Jan, 2018 16:18 South Korea bans anonymous cryptocurrency trading Bitcoin is trading well below the $11,000 mark after South Korea cracked down on trading in the crypto-currency via anonymous bank accounts. Bitcoin was sent into another tailspin as investors fretted that the move by authorities, in what is perhaps the most active market for the currency, might lead to a drop in demand. That followed a down-draft in the currency during the week before after Seoul threatened to ban crypto-currencies altogether. The regulator was concerned that crypto-currency trading was being used for criminal activities such as money laundering and that it might generate financial instability due to volatility in prices and rampant speculation. However, the public outcry that ensued following Seoul's threat to ban crypto-currency transactions led regulators in the country to soften their approach So instead of banning crypto-currency trading altogether, Seoul forbid the use of anonymous accounts, imposing stricter regulations on transactions. The new policy would be effective from 30 January. Those wishing to trade in the market will now be asked to use bank accounts with their real name linked to them. Banks would also be asked to monitor exchanges and to refuse customers when illegal activities were suspected as the underlying motive. Aside from now needing to have their identities confirmed before being allowed to trade, a ban was also placed on underage investors and foreigners from opening accounts in South Korea. Furthermore, a full ban on Bitcoin trading was still a "live option", the government said. Commenting on the price action in Bitcoin over recent says, ETX Capital's Neil Wilson said: "Bitcoin was on the back foot, sinking back towards $10,000 before paring losses as the market reacted to yet more moves by South Korea to rein in speculation. The crypto-currency remains unable to break through $12,000. That level has been tested on Thursday, Friday and Monday and rejected and now bitcoin seems to be unable to break out past $11,000 and was last trading at $10,500."
A somewhat hybrid version of the article. hxxps:// Google and China’s Tencent Find Being Friends Has Benefits The tech giants have struck a cross-licensing deal for patents By Liza Lin in Shanghai and Alyssa Abkowitz in Beijing Jan. 19, 2018 4:25 a.m. ET Alphabet Inc.’s Google and Tencent Holdings Ltd. will license each other’s technology patents, a deal that could help the former broaden its toehold in the Chinese market and accelerate the global expansion of the latter. They entered a long-term patent cross-licensing agreement for a broad range of products and technologies, the two companies said Friday, adding they were open to more cooperation in the future. “By functioning with each other on agreements this sort of as this, tech providers can concentrate on making much better products and solutions and products and services for their customers,” Mike Lee, Google’s head of patents, reported in a assertion. Financial terms weren’t disclosed, and neither enterprise commented outside of their statements. Cross-licensing discounts enable firms to license just about every other’s technological innovation for use in diverse marketplaces, mentioned Lester Ross, an attorney at WilmerHale in Beijing. Mr. Ross mentioned that cross-licensing deals can restrain opposition, but that they also make sector efficiencies—for instance, decreasing the price of acquiring to file for patents in numerous international locations. Firms this sort of as Samsung Electronics Co. and Apple Inc. have signed this sort of agreements in the previous to protect against infringing each and every other’s engineering and regional patents and hence steering clear of pricey lawsuits. The arrangement is the most current in a string of moves by Google to expand its access into mainland China, after it pulled out its most important lookup organization in 2010 owing to problems about hacking and censorship. Various weeks back, the Mountain View, Calif.-centered corporation opened an synthetic-intelligence lab in Beijing, and this week said it is opening a new Chinese office—in Shenzhen, the city around Hong Kong, the place Tencent is centered. Google now operates offices in Beijing and Shanghai, employing about 600 staff members. Though Google’s research motor is blocked in China, the places of work are used mostly for its ad profits employees and engineers doing the job on its global solutions. Google will use the new foundation in Shenzhen in section to faucet into the region’s electronics components offer chain, in accordance to an e mail despatched to its Chinese workers. Tencent is China’s major tech firm by market place capitalization, and it helps make most of its cash from videogames. Its WeChat social community app is dominant in China, but has scant achieve further than. Chris DeAngelis, China general supervisor for technological innovation consultancy Alliance Growth Team, sees the tie-up with Google as a indicator of Tencent’s world wide ambitions. “It signifies that China’s engineering giants have developed up,” Mr. DeAngelis reported. “Tencent is now a worldwide participant.”
20:56 Apple to Pay $38 Billion In Repatriation Tax; Plans New U.S. Campus 17/01/2018 7:26pm Dow Jones News Apple Inc. said Wednesday it plans to pay $38 billion in repatriation taxes on profits and cash held overseas following the enactment of the new tax law. As of last September, Apple had $252.3 billion in cash or cash equivalents abroad. The consumer technology giant also said it would contribute more than $350 billion to the U.S. economy over the next five years by adding new jobs and investing in its domestic suppliers. Apple plans to spend more than $30 billion over the next five years to create 20,000 jobs and open a new campus at a U.S. location to be announced later this year. The company said it would also ramp up its education programs to help train people for jobs in software development. Apple shares rose 0.5% to $177 in afternoon trading. The stock has risen 48% over the past year. "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the U.S. economy, " said Chief Executive Tim Cook.
almost all installed CPUs are flawed hxxp:// January 9, 2018 by Stephen Streater Meltdown and Spectre Introduction In my AI blog series, I have discussed the power of inductive logic and its weakness – a vulnerability to Black Swans. There are many possible realities which fit with known facts, only some of which are desirable – or anticipated. And so it is with the recently announced CPU security bugs, known as Meltdown and Spectre. Discovered in Intel CPUs after ten years, almost all installed CPUs are flawed. Complexity is the enemy of security Complex CPUs have had bugs for years. These are fixed in later revisions, usually without fuss. The Pentium Floating Point Divide bug, which received a lot of attention at the time, is typical: the CPU didn’t do what it was supposed to. Meltdown and Spectre are different – the CPUs are doing exactly what people designed them to do. They just didn’t realise the capabilities of the design. By allowing introspection, modern CPUs have opened a door for software to work out what the CPU it is running on is up to, even when running other software in supposedly secure areas of the same chip. Significantly, all major chip designers have introduced the same types of critical security flaws. They didn’t understand the novel ways the instructions could be used. Using groupthink, they followed each other. We think more sceptically at Forbidden. The Blackbird Cloud Forbidden’s cloud editing platform, running its suite of Blackbird tools, has significant protection from this latest range of CPU bugs. The platform runs on Forbidden’s own hardware, dedicated to running our video platform. Unlike public clouds, members of the public cannot hire Blackbird computer resources to run spyware on each other – or on us. By restricting the complexity of our environment, we have limited the range of possible vulnerabilities, making it easier to keep secure. It is encouraging Microsoft’s Azure and Amazon’s AWS have responded so quickly with patches, and advice to users – we have prototypes for running our cloud in both. Their rapid response seems to have prevented any actual attacks. In security, it is worth following Andy Grove, Intel founder and former CEO, when he wrote: “Only the paranoid Survive”. Stephen B Streater Founder and Director of R&D hxxp:// Meltdown and Spectre: The looming death of security (and what to do about it) These latest flaws show once again that security is a mirage. It's time for a better approach. By Steve Ranger | January 10, 2018 -- 13:20 GMT (13:20 GMT) | Topic: Security
$2.65tn seems big enough to me to take control of its own destiny. Andrew Neil 1:38 am - 3 Jan 2018 World Bank: Gross domestic product 2016 of 10 largest economies (trillions of US dollars) 1 United States 18.6tn 2 China 11.2tn 3 Japan 4.9tn 4 Germany 3.5tn 5 United Kingdom 2.65tn 6 France 2.47tn 7 India 2.26tn 8 Italy 1.86tn 9 Brazil 1.8tn 10 Canada 1.53tn Jacob Rees-Mogg 8:11 pm · 19 Dec 2017 As the BBC would say in spite of Brexit... The U.K. Tops Forbes' Best Countries For Business 2018
London is the undisputed tech capital of Europe UK tech sector enjoys record investment in 2017 despite Brexit uncertainty UK firms attracted almost four times more funding in 2017 than Germany and more than France, Ireland and Sweden combined Josie Cox Business Editor Friday 5 January 2018 10:50 GMT A record amount of money flowed into the UK tech sector last year, particularly fuelled by venture capitalists splashing cash in London, despite uncertainty around the implications of Brexit, new data has revealed. UK tech firms attracted close to £3bn in venture capital funding during the 12 months to the end of December, according to data compiled by the Mayor of London's official promotional agency, London & Partners. That was almost double the £1.63bn attracted throughout 2016, and marks a fresh all-time record for the country. London accounted for around 80 per cent of all venture capital tech funding in 2017. Some of the biggest funding rounds were pulled off by game development platform Improbable, food delivery service Deliveroo and mobile network Truphone. “Today’s record investment figures are further proof that London is the undisputed tech capital of Europe and I am committed to ensuring we take over from Silicon Valley as the world’s leading tech hub,” said Mayor of London, Sadiq Khan. “Technology entrepreneurs and businesses are attracted to our great city for its diverse talent pool and unique business ecosystem and I am determined that London remains open to investment and the best tech talent from all over the world,” he added. The data also revealed that UK firms attracted almost four times more funding in 2017 than Germany and more than France, Ireland and Sweden combined. London & Partners said that the capital’s tech companies also raised significantly more venture capital than any other European city. Eileen Burbidge, a partner at investment company Passion Capital, said that the figures were “no surprise”. “It’s a testament to our exceptional entrepreneurs that the UK tech sector continues to produce companies that are leading in the development of cutting edge technologies such as artificial intelligence and fintech,” she said. “This environment and ecosystem of innovation presents tremendous opportunities for investors and will help to attract global investment into the UK’s digital economy for many years to come,” she added. By sub-sector, the UK’s financial technology – or fintech – space led the year in terms of investment, attracting a record £1.34bn. London accounted for the bulk of that, with deals from the likes of Transferwise, Funding Circle and Monzo. The UK’s Artificial Intelligence companies also grew their funding last year. Investment in London-based AI companies surpassed £200m –a 50 per cent increase on 2016 levels. London & Partners also pointed out that several global tech behemoths pledged their long-term commitment to the capital last year. Amazon, Apple and Google all announced major investments. During the second half of the year, music streaming service Spotify said that it would expand its research and development operations in London and double its staff headcount in the capital.
Good afternoon all. I am just sorting through some old certificates. I am tracing some The Mutual Net certs into Progressive Digital Media. This piece suggests that PRO took over (or reversed into?) Global Data Holdings in January 2016: h x x p://www.i i I can find no certificates for PRO and none for DATA (but I do have old certs for TMN). Anything I am missing? And anyone know whether a 198 shares in TMN would just have been dissolved into nothing of DATA? Thanks, G.
quantum computing .. introduces further risks that make bitcoin not well suited to become a widely adopted currency hxxps:// Alexander Bueso WebFG News 27 Dec, 2017 14:39 Governments may act if Bitcoin prices triple, Citi says It's hard to say how high Bitcoin prices may rise, but many signs point to it being just a bubble and government action against it - possibly should prices triple - will likely determine its peak value, analysts at Citi told clients. In particular, Citi pointed to the inherent volatility of Bitcoin, at nearly seven times that of emerging market currencies or gold, to argue that the crypto-currency would simply just not do as as a 'means of transaction' or as 'a store of value' - two of the basic properties of any currency. It was also exceptionally "wasteful", with recent reports indicating that mining it was using up nearly as much as energy as consumed by all of Denmark, with the cost set to rise further. Indeed, such waste would eventually become an additional incentive for governments to outlaw it, Citi argued. The role played by Bitcoin in the informal economy was another reason why authorities might decide to act, together with the increasingly high risks a hypothetical failure of Bitcoin might pose for economies such as that of Russia, Nigeria or New Zealand due to the elevated value of Bitcoin transactions as a proportion of gross domestic product. According to Citi, other countries with a high level of Bitcoin holdings as a share of GDP included the Ukraine, Kenya, South Africa and Colombia. To take note of, at 2% the UK also ranked high on the list of countries that were the most Bitcoin friendly. Citi drew a comparison with the negative wealth effects experienced during the Internet bubble to drive home its point. During the 'Dotcom' bubble, between the peak in the stockmarket reached in March 2000 and the onset of economic recession in March 2001, the market capitalisation of shares listed in the US dropped by approximately 20% of GDP. And now there were already several countries where the value of Bitcoin transactions, as a share of GDP, was starting to become worrisome, such as in Russia at 5% and Nigeria or New Zealand at 4%. "If bitcoin were to flop, those countries would already experience a meaningful negative wealth effect. On the other hand, for the US it is very low at 0.17%. "Another tripling of bitcoin prices from the highs (to $60,000) may focus minds of authorities. But are the potential wealth effects outlined above enough to compel policy makers in the at risk countries to move against bitcoin?," the analysts said. Bitcoin's security was noting to write home about either, according to Citi, as recent cases of theft of Bitcoin wallets - albeit not the coins themselves - had demonstrated. The advent of quantum computing also made it more likely that at some point private keys could be replicated from public keys, the investment bank said. "Even in the best case outcome this is at the very least likely to lead to additional forks. While quantum computing may not be the end of bitcoin, at the very least it introduces further risks that make bitcoin not well suited to become a widely adopted currency, rather than just a highly speculative plaything."
13:49 Bitcoin price tumbles 20% Crash caps volatile week of warnings from regulators and security problems at 2 exchanges Emma Dunkley and Alice Woodhouse in Hong Kong and Adam Samson in London December 22, 2017 "The price of bitcoin tumbled 20 per cent on Friday, following a week marked by high-profile security problems at two exchanges and warnings from global regulators about the risks cryptocurrencies pose. Bitcoin tumbled as low as $12,191.80, according to Bloomberg, leaving it more than 30 per cent down from a record high touched at the start of the week. Its crash caps a volatile week for the controversial cryptocyrrency that began the year at just $1,000, prompting some to question whether a bubble is bursting. Other digital currencies also fell on Friday, according to OnChainFX which tracks them. Ethereum, the second-largest cryptocurrency by market capitalisation, was 26 per cent lower at $641.65, while bitcoin doppleganger “bitcoin cash” fell 38 per cent. The moves reverse a surge in prices over the past month, fuelled by the launch of bitcoin futures on the US-based Cboe Global Markets exchange, as parts of mainstream Wall Street try to capitalse on the recent fervour. Rival exchange operator CME Group has also opened trading in bitcoin futures recently The rise in bitcoin prices has evoked comparisons with the dotcom bubble, intensifying concerns about risks of speculating in the cryptocurrencies."
23:03 Brexit fears overblown as more tech workers come to UK from outside the EU James Titcomb 15 December 2017 • 12:01am More technology workers in the UK are coming from India, Australia and the US than from major EU countries, according to a study. Research from Tech City, the Government-backed organisation for the technology industry, found that the biggest sources of technology workers were from outside the single market, rather than from France and Spain. The figures go some way to soothing fears that Brexit will lead to a deficit of highly-skilled workers in the tech industry, despite warnings that leaving the EU will starve start-ups of talent. The report used data from LinkedIn to analyse the spread of workers with technology skills that entered the UK last year. These included people working in aerospace, telecoms and healthcare, which the researchers said gave it a wider perspective than the cluster of internet start-ups that exists London. It found that India provided the most technology workers arriving in the UK last year, at 12pc, followed by the US and Australia at 10pc and 7pc. Spain and France provided 6pc of workers, with Italy 5pc. Previous figures have shown that more tech workers living in the UK come from outside the EU, but the latest numbers suggest the flow of new workers also largely comes from other countries. The Government recently boosted the number of special visas made available to non-EU tech workers, which the industry says are likely to become more important after Brexit. The researchers said that although technology workers are most highly-concentrated in London, just over half of those who arrived in the UK last year settled outside of the capital. Ministers are attempting to boost technology companies in the regions. It recently funded Tech City, which was set up as a London-focused organisation, to set up a network of regional hubs and to rebrand itself as “Tech Nation”.
The saga continues. Market cap £8.35m. hxxp:// December 14, 2017 by Ian McDonough Looking Forward "Feedback from both existing and prospective customers is unanimous – Blackbird video technology should be a game changer within the industry – reaffirming my core reason for joining Forbidden as CEO and investing personally in the company. Throughout my media career, and especially in my time at Turner and BBC Worldwide, I developed a deep appreciation of the need to continuously improve speed and efficiency, which Blackbird is ideally positioned to do. Our primary commercial objective is to integrate Blackbird as an infrastructure component in the media supply chain. These infrastructure sales have far more financial potential, although they have longer sale cycles. There is a lot of work to be done, to tackle both the lack of sales and the fact that Forbidden has been under-selling its technology, but I relish a challenge, and we are making good headway for the new year ahead." Have a Merry Christmas and Happy New Year 2018
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