Landmark moment as Uber unveils first annual profit as limited company

US taxi app firm turns $1.8bn loss into $1.1bn profit after years of spending billions of investors’ cash to expand

Cyber-hacking victims ‘paid out record $1.1bn in ransoms last year‘

Ransomware gangs targeted hospitals, schools and bodies such as BA and the BBC, Chainalysis finds

TechScape: Why is the UK so slow to regulate AI?

Britain has announced £10m for regulators but has done very little to mitigate the risks linked with artificial intelligence. Plus, Facebook’s deep-fake Biden conundrum

Don’t wait for Post Office-style scandal before regulating AI, ministers told

Government to say binding measures for overseeing artificial intelligence are needed, but not immediately

Mark Zuckerberg to receive $700m from Meta dividends

Facebook’s parent company to pay out to shareholders as it reports $40bn revenues for final quarter

Elon Musk acts to move Tesla legal base to Texas after pay package ruling

Tycoon announces shareholder vote on relocating after judge strikes down $56bn pay package as ‘unfathomable’

Amazon drops $1.4bn deal to buy iRobot after EU veto reports

Roomba maker announces plans to axe 31% of workforce and exit of CEO after collapse of acquisition

Apple to allow EU customers to download apps without using App Store

Move comes as iPhone maker adapts to new Brussels laws, but could be replicated in UK in near future

Big tech boom or bust? Experts see signs of strength after wave of layoffs

Even as more job cuts await, some analysts see the beginnings of a bull market in the coming season of earnings reports

‘Very scary’: Mark Zuckerberg’s pledge to build advanced AI alarms experts

Meta CEO accused of being ‘irresponsible’ by considering making tools on par with human intelligence open source

$2bn woman: how Sheryl Sandberg became one of tech’s most successful bosses

Sandberg was once considered so critical to Facebook’s success that her exit was seen as potential risk to investors’ money

Sheryl Sandberg to leave board of Facebook parent Meta

Former chief operating officer was lead architect of Facebook’s digital advertising-driven business model

Apple overtakes Samsung as world’s top smartphone seller

iPhone maker ends South Korean rival’s 12-year lead, as Xiaomi, Honor and Google divide Android market

Big tech firms recklessly pursuing profits from AI, says UN head

International community has no strategy to deal with risks, António Guterres tells Davos meeting

TechScape: Why big tech could learn big lessons from the Post Office Horizon scandal

In this week’s newsletter: To see where an IT flaw became a crisis, you have to look past the technology altogether. Plus, Substack’s biggest names jump ship