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Tag: Industry

Global tech industry backs UK with $1.4 billion artificial intelligence deal

Global tech industry backs UK with $1.4 billion artificial intelligence deal

Finance
A group of international tech firms and venture capitalists injected almost £1 billion ($ 1.4 billion) into the U.K.'s artificial intelligence (AI) industry on Thursday.The deal was backed by Japanese venture capital firm Global Brain, Canadian venture capital firm Chrysalix, U.K. automaker Rolls-Royce, the British government and other investors.The investment will be used to fund new specialist AI qualifications and computer science teachers, to tackle a skills shortage in the sector. Theresa May's government has been driving an industrial strategy to tap into the growing industry, which Gartner estimates will be worth more than $ 3.9 trillion in business value by 2022."Artificial intelligence provides limitless opportunities to develop new, efficient and accessible products and services
Baselworld: Tag Heuer chief takes swipe at his industry

Baselworld: Tag Heuer chief takes swipe at his industry

Technology
One on the most powerful men in luxury retailing has said it is time to stop seeing smartwatch makers Apple and Google as threats.Jean-Claude Biver, who runs watchmakers Tag Heuer, Hublot, and Zenith, said the smartwatch will boost his industry. Mr Biver was instrumental in reviving the Swiss industry after it was devastated in the 1970s and '80s by Japan's quartz battery revolution.The entrepreneur also warned about the impact of a US-China trade war.Speaking to the BBC during the Baselworld watch and jewellery fair in Switzerland, the global showcase for the Swiss industry, Mr Biver said Apple and Samsung should be invited to exhibit at the event.But Mr Biver, now head of watches at French luxury goods giant LVMH, said traditionalists in the industry would be against it. "A lot of people...
Breaking mould in male-dominated industry

Breaking mould in male-dominated industry

Science
Women make up less than a quarter of the UK workforce in industries involving science, technology, engineering and medicine. BBC News spoke to three people with bright ideas for breaking stereotypes.The industry leaderAs a young girl Avideh Nazeri wanted to be an air hostess to fulfil her dream of seeing the world. However, an inspirational teacher encouraged her to use her love of science to study for a career in medicine.She says she remembers the words of her mother, who used to say: "As an Iranian girl, you have to work four times more; two times because you're a girl and two times more because you're a foreigner in a new country."Dr Nazeri is now a director at the global pharmaceutical company NovoNordisk. Born in Iran, she trained to be a hospital doctor at King's College London. She...
Industry titans push for Forgemasters overhaul

Industry titans push for Forgemasters overhaul

Business
A trio of British industrial titans are pushing for a management overhaul at Sheffield Forgemasters, a private manufacturer which has a vital role in the UK's nuclear submarine programme.Sky News has learnt that BAE Systems, Babcock International and Rolls-Royce Holdings are engineering the search for a successor to Graham Honeyman, Forgemasters' chief executive and majority shareholder.The process is already underway, and comes as the Yorkshire-based steelmaker also hunts for a new chairman.Sources said this weekend that the Ministry of Defence (MoD) was being kept informed about the prospective management overhaul.A number of candidates, including at least one former BAE Systems executive, are understood to have been identified for the role.They added that the trio of industrial giants w...
British film industry at a defining point

British film industry at a defining point

Business
As the British film industry prepares for its biggest celebration of the year, it finds itself at a defining point in its history according to some of the leading voices in UK movie-making.The BAFTAs on Sunday night will highlight the best in film acting, directing and a variety of production skills.But away from the glitz and red carpet, there are some profound questions facing the film business, which has developed into one of the most rapidly growing sectors of the British economy.Its growth has been supported by a group of factors.For one thing, successive governments have maintained tax incentives to encourage companies to make films in Britain.For another, some huge blockbuster series have made their homes in the UK - James Bond, Harry Potter and now Star Wars. Their presence has hel...