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The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026
OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOs You’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at…
Amazon reports strongest cloud growth since 2022 after major outage
Amazon Web Services (AWS) sees 20% increase in revenue year over year, topping Wall Street estimates Amazon has made its first financial disclosures since the disastrous outage suffered by its cloud computing division that brought everything from smart beds to banks offline. In spite of the global outage, Amazon Web Services has continued to grow,…
Amazon strategised about keeping its datacentres’ full water use secret, leaked document shows
Executives at world’s biggest datacenter owner grappled with disclosing information about water used to help power facilities Amazon strategised about keeping the public in the dark over the true extent of its datacentres’ water use, a leaked internal document reveals. The biggest owner of datacentres in the world, Amazon dwarfs competitors Microsoft and Google and…
‘I’m having a great day’: AWS outage offers some a brief glimpse of a tech-free existence
There was a different side to the chaos of the Amazon outage that affected crucial services around the world, such as no exams, light switches not working, and less work to do Workers were sent home, exams were delayed, coffee machines had to be turned on manually and language app users feared their hard-won progress…
‘We want justice’: workers at Amazon warehouses in Saudi Arabia still waiting on financial redress
Asian migrant laborers who paid predatory recruiting fees say global mega-corporation has not kept its promise to pay them restitution Warehouse laborers from Asia say the world’s second largest employer, Amazon, has failed to live up to its promises to compensate them for financial abuses tied to their work for the online retailer in Saudi…
Way past its prime: how did Amazon get so rubbish?
Sick of scrolling through junk results, AI-generated ads and links to lookalike products? The author and activist behind the term ‘enshittification’ explains what’s gone wrong with the internet – and what we can do about it It’s not just you. The internet is getting worse, fast. The services we rely on, that we once loved?…
Temu’s UK operation doubles revenues and pre-tax profits
Super-budget Chinese retailer reports revenues of $63.3m last year, almost double its $32m in 2023 Business live – latest updates The UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers snapped up products offered by the super-budget retailer. Temu UK reported revenues of $63.3m (£46.4m) last…
Harnessing Video Commerce in the UK: A Guide for Creative Freelancers
Understanding Video Commerce in the UK Over the past few years, video commerce has rapidly emerged as a game-changer in the UK’s creative economy, transforming the way artists, designers, and other freelancers sell their work. By merging captivating video storytelling with seamless e-commerce functionality, this dynamic approach makes it effortless for audiences to discover, engage…
