In a staggering loss for US prosecutors, a jury found UK tech tycoon Mike Lynch-bsp-person> not guilty of criminal charges that he pulled off Silicon Valley’s biggest-ever fraud 13 years ago by duping Hewlett Packard Co. into buying his software startup for $11 billion.
Lynch’s victory in San Francisco federal court came after he lost a civil trial in London in 2022 over allegations that he and Autonomy Corp.-rte-company>’s former finance chief used accounting tricks to inflate the company’s revenue ahead of its 2011 sale. Hewlett Packard is seeking $4 billion in damages, though the UK judge has said …
The UK has long been fertile ground for startups, offering a home to new ideas and cutting-edge solutions. The tech sector adds an enormous £150bn to the eco
TG0 and NetMind.AI Announce Strategic Partnership to Transform AI-Driven Technology London, UK — TG0 a London based tech hardware company is thrilled to a
This week’s UK tech funding deals include challenger credit card fintech Yonder, carbon reporting platform Zevero, surgical solutions group Alesi and more. UK
The use of AI to create “hyper-personalised” insurance plans risks leaving consumers “uninsurable” and could increase “discrimination”, warned t