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The uphill battle to create a British tech titan


The uphill battle to create a British tech titan
The Government is desperate for a British Big Tech contender, but experts have warned them not to scare off foreign investment
Snap, the parent organisation of Snapchat, recently acquired augmented reality (AR) start-up WaveOptics for $500m
Credit: Snap
When Snapchat s parent Snap announced that it would acquire Oxford augmented reality (AR) start-up WaveOptics for $500m (£352m), investors rejoiced.
“It’s an amazing story, especially for UK deep tech,” says investor Simon King from Octopus Ventures, a backer of the company who sits on its board.
Just an hour after the deal was signed, however, the potential perils of selling out to deep-pocketed US tech giants came into sharp focus. ....

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Amazon.com, Inc. (AMZN) To Provide Drone Hunters With Target Practice In Cambridge, UK


Amazon.com, Inc. (AMZN) To Provide Drone Hunters With Target Practice In Cambridge, UK
Tyler Durden: A year ago, in the latest attempt to distract from his company’s inability to generate profit, Amazon’s Jeff Bezos revealed his latest breathless vision for the latest marketing gimmick future in the form of Amazon Prime Air: a fleet of unmanned delivery drones bringing customers the goods they ordered or, as the case may be, didn’t order.
Immediately in the aftermath of this announcement, a just as breathless ad hoc group of drone hunters was conceived, and patiently waited for the announcement from Bezos where said Prime Air Drones would be tested so they too could test their sharpshooting skills. ....

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