Tinny music plays in a dimly lit basement as we watch a teenager pull football shirts off a nearby clothing rack and hold them up to the camera. He describes each item monotonously — the team, season, colour, and condition — before sticking on a numbered label and transferring them to another rack. Each item gets less than a minute in the limelight. Bid rates and prices are listed at the bottom of the screen with eager buyers swiping a yellow bar to bid, while exchanging questions, comments, and emojis in the live chat box. When a buyer wins a…

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British Prime Minister Keir Starmer has said it is time to “push past” concerns that AI poses a threat to human jobs — contradicting the concerns of some of tech’s biggest players. Speaking at London Tech Week today, Starmer called for industry to embed AI throughout the UK economy, from healthcare to education.  By taking on administrative tasks, Starmer argues that artificial intelligence tools can free up people to focus on the “human work.” For this reason, he said, “AI will make us more human.”   Starmer’s assertion that AI is not here to replace humans, but to relieve them, is…

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British fintech Wise said this week it would shift its primary listing from London to New York, joining a growing list of firms snubbing the London Stock Exchange. UK chip designer Arm opted for a New York IPO in 2023, while food delivery giant Just Eat Takeaway quit the LSE for Amsterdam in November.  Sweden’s Klarna has confirmed plans to go public in New York, following in the footsteps of fellow Stockholm-based tech darling Spotify, which listed on the NYSE in 2018.  The draw? Bigger valuations, deeper capital, and more appetite for risk. “The US economy continues to perform far…

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Two satellite heavyweights are about to form a European rival to Starlink. But they’ll face an uphill battle to compete with Elon Musk’s firm. Luxembourg-based SES’ proposed $3.1bn takeover of Intelsat is set to get the green light from EU officials, Reuters reports. A final verdict is expected by June 10.   SES first announced plans to acquire Luxembourgish-American rival Intelsat in April 2024, calling it a “transformational merger” that could reshape the satellite internet market. The merged company would have a fleet of more than 100 geostationary and 26 medium Earth orbit satellites. Intelsat would contribute 75 of those probes,…

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Spanish startup Voltrac has emerged from stealth with an autonomous tractor that lives a double life.  In peacetime, the 3.5-tonne electric vehicle zips around farms, hauling heavy goods and using cameras to gather data on crop health. But when enlisted, the tractor is equally capable of navigating enemy assaults to deliver critical supplies to frontline soldiers. “In Ukraine, for instance, many lives are lost in non-combat situations, including frontline resupply missions,” Voltrac’s cofounder and CTO, Francisco Infante Aguirre, told TNW in an interview. “That’s where we see a machine like ours making a difference: it’s built for tough terrain, and…

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