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Category: Technology News

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Smartphone-only bank Monzo eyes billion-pound valuation



London-based bank set to become fintech ‘unicorn’ after lining up $150m of funding

Monzo, a digital bank popular with millennials, is set to become one of the UK’s technology “unicorns” after lining up new finance that would value the three-year-old company at more than $1bn (£787m).

The London-based bank has organised $150m of funding from investors, including Silicon Valley’s Accel Partners, which was an early investor in Wonga. Monzo’s fundraising will value it at up to $1.5bn – about four times the £280m value placed on the bank when it last raised money in November 2017, the Financial Times reported.

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Australian boy who hacked into Apple network admired the group, court told



Company says no data compromised by 16-year-old although court hears he stored information’ in a folder called ‘hacky hack hack’

A 16-year-old boy hacked into Apple’s mainframe, downloaded internal files and accessed customer accounts because he was a fan of the company and hoped to work there one day, a Melbourne court has heard.

According to The Age newspaper, the boy’s lawyer told the children’s court in Melbourne on Thursday that his client had hacked into the Apple network on multiple occasions over one year because he admired the company.

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Elon Musk says past year has been excruciating and ‘worst is yet to come’



In emotional interview, Tesla founder says he has endured ‘the most difficult and painful’ time of his career

Elon Musk has said the past year of his professional life has been “excruciating” and that stress over his business had caused his health to deteriorate.

In an emotional interview with the New York Times the founder of electric car maker Tesla, also revealed that the pressures of work had caused him to spend his birthday stuck in the Tesla factory and almost miss his brother’s wedding.

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Tesla founder Elon Musk says past year excruciating and ‘worst is yet to come’



In emotional interview, Tesla founder says he has endured ‘the most difficult and painful’ time of his career

Elon Musk has said the past year of his professional life has been “excruciating” and that stress over his business had caused his health to deteriorate.

In an emotional interview with the New York Times the founder of electric car maker Tesla, also revealed that the pressures of work had caused him to spend his birthday stuck in the Tesla factory and almost miss his brother’s wedding.

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Google staff protest against plan for censored Chinese search engine



More than 1,000 employees sign letter calling on executives to review ethics and transparency

More than 1,000 Google employees have signed a letter protesting against the company’s secretive plan to build a search engine that would comply with Chinese censorship.

The letter’s contents were confirmed by a Google employee who helped organise it but wished to stay anonymous. It calls on executives to review the company’s ethics and transparency; says employees lack the information required “to make ethically informed decisions about our work”; and complains that most employees only found out through media reports about the project, nicknamed Dragonfly.

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Facebook’s failure in Myanmar is the work of a blundering toddler



The social network ploughs its way through the world and deals with the consequences later. In Myanmar, that strategy has had deadly consequencesWhen Facebook invited journalists for a phone briefing on Tuesday evening to talk about its progress in tac…

I want to boycott US PC hardware, software and services. Is it possible?



Ian doesn’t like the way the US is going, and wonders if he could avoid using the country’s PC products. Good luck with that

If I wanted to show my distaste for the direction the US is going by boycotting American PC hardware, software and services, could it be done? Ian

You could certainly eliminate a lot of American products, but you might be giving up features without getting any ethical benefits. For example, more than a billion people already manage without a lot of American technology because they live in China or Russia. While I share your distaste for the Trump regime, Xi Jinping and Vladimir Putin are not exactly choirboys.

And while Trump is scapegoating immigrants, more than half of America’s top technology companies were co-founded by immigrants or the children of immigrants. Do you really want to punish them for Trump’s misdeeds?

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How Grand Theft Auto created a virtual underground clubbing scene



Avatars of real-life DJs curate – and create – cool music and players have ownership of their nightclubs in the latest After Hours update, which puts GTA at the heart of pop culture

In 2002’s Grand Theft Auto: Vice City, the first record you hear on a car radio is Billie Jean, no matter what you drive. Unseen code binds this piece of music to an important point in time and the experience of being behind the wheel. When I first got my driving licence, I recreated the moment in my crappy Vauxhall Astra, so strong was the association. In video games such as GTA, as in real life, music and memories are closely interlinked.

Sixteen years since Vice City, Rockstar Games has taken in-game musical experiences further in GTA Online, the immensely popular web version of its famous (and infamous) series. The latest After Hours immortalises four real-life DJs in the most successful entertainment product ever made; nearly 100 million people have bought Grand Theft Auto V, according to Rockstar’s latest figures, and millions of them play online. Now playing in GTA Online’s virtual clubs are Solomun’s pulsing crowd pleasers, Dixon powdery synthesisers, Tale of Us’s sweeping basslines and the Black Madonna’s infectious groove. Each act is debuting new music in nightclubs spread across Grand Theft Auto V’s satirical Los Angeles, Los Santos.

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Nokia 8110 4G review: a nostalgia trip too far



The original was made famous by The Matrix, and some might want to drop this reboot out of the nearest window too

The new Nokia 8110 4G is the latest nostalgia trip from HMD Global, but is it more than just a remake of that “banana phone” from the Matrix?

HMD had a hit on its hands with the new Nokia 3310 from last year, which was a surprisingly charming dumbphone that cost slightly more than other basic Nokias because of the name.

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Facebook struggling to end hate speech in Myanmar, investigation finds



Misinformation has lead to violent attacks against Rohingya but report says company has been slow to respond

Facebook’s efforts to crack down on hate speech in Myanmar, which has contributed to violent attacks against the minority Muslim population, have been inadequate, according to a Reuters investigation.

The social media company has faced warnings from human rights groups and researchers that its platform was being used to spread misinformation and promote hatred of Muslims, particularly the Rohingya, since 2013. As Facebook has grown its user base in the country to 18 million, hate speech has exploded, but the company has been slow to respond to the growing crisis.

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