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Tech World: A $200m tech fund, Uber leaves Denmark, AI stealing jobs and more

Georgie - Tech World March 2017

Welcome to Tech World, your quick round up of the top technology news stories from across the globe. This month, we have news of a $200m tech fund, Uber quitting Denmark, a $2.35bn IPO and more.

For this episode’s Hot Topic interview, we spoke with Richard Goold from EY about AI and its impact on jobs. First though, here are your top international stories.

$200m tech fund

Blumberg Capital closed its fourth fund. The team is to manage $200m, an increase from the $150m in its previous fund. Blumberg plans to use the money to invest in early-stage startups, particularly in the enterprise, security and FinTech spaces.

Uber leaves Denmark

Uber is withdrawing its services in Denmark due to a taxi law that sets out new requirements for drivers such as mandatory fare meters.

Uber claims about 2,000 drivers and 300,000 riders use its app in Denmark. It said in a statement that it would shut down its services in the country on April 18th.

Netmarble IPO

Netmarble, one of the world’s top mobile and PC gaming firms, filed to raise up to $2.35bn through an IPO in its native Korea.

The company said the money raised would be used to pay off debts, invest in R&D and pursue investments and acquisitions.

Google apology

Google’s EMEA president of business and operations apologised for the misplacement of advertising next to extremist content on YouTube.

This comes after brands including HSBC, Marks and Spencer and L’Oreal pulled advertising from the video sharing site. The company later announced a host of changes to its advertising systems meant to give brands more control over where their ads appear.

Facebook Stories

After replicating Snapchat’s Stories format in Instagram, WhatsApp, and Messenger, Facebook is releasing it in its main mobile app. Facebook Stories allows users to post photos and videos in chronological order that disappear after 24 hours.

Hot Topic: The impact of AI on jobs

In this episode, we also sit down with Richard Goold from EY to talk about artificial intelligence and its impact on the labour market. We discussed the benefits AI can bring to business and individuals, plus the jobs that are most at risk because of this technology. We also discuss whether jobs should be protected and, if so, by whom.

You can read more about this topic in Richard’s guest post here.

That’s all for this episode. To get more top tech news straight to your inbox subscribe to our updates and follow us on Twitter.