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Aviva detects record £230m in bogus insurance claims as use of AI rises

ai, AI (Artificial Intelligence), Artificial Intelligence, Aviva, Business, Car insurance, Insurance, Insurance industry, Money, Motoring, UK news

Insurer found 18,400 suspect claims last year with some scammers using AI to fake accident scenes and documentsBogus insurance claims worth more than £230m were detected by the insurance firm Aviva last year as scammers tried new tricks including using artificial intelligence to fake car accident scenes, documents and to exaggerate damage.The insurer identified more […]

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Billions spent and hypothetical returns: the AI boom explained with six charts

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Energy industry, ipos, OpenAI, productivity, Stock markets, Technology, Technology sector, UK news, US news, World news

Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said

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‘Poisoned’ AI: the ChatGPT shopping scams that lead to fake websites

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Consumer affairs, Money, Online shopping, Retail industry, Scams, Technology, UK news, US news, World news

Buyers are ripped off after assuming online stores were genuine because they are recommended by an AI toolYou want to buy a new bag and so you ask ChatGPT for help. You have always liked Russell & Bromley so you ask ChatGPT what is popular there at the moment.The artificial intelligence (AI) assistant gives you

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Labour will make AI ‘work for the workers’, says Liz Kendall

ai, AI (Artificial Intelligence), Apprenticeships, Artificial Intelligence, Business, Computing, Digital media, Education, Labour, Liz Kendall, Media, Politics, Social media, Society, Technology, Technology sector, UK news, Unemployment, Young people, Youth unemployment

Technology secretary promises to support people whose jobs are swept away by automationLiz Kendall has insisted Labour will make artificial intelligence “work for workers”, and not abandon people whose jobs are swept away by its rapid advance.With public fears mounting about the impact of AI on employment, particularly for young people, the technology secretary claimed

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The AI IPO Race Heats Up, DOGE Whistleblower Sues Elon Musk, and Instagram Gets Hacked

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Business / Artificial Intelligence, Politics, Politics / Politics News, Uncanny Valley

On Uncanny Valley, we dive into the IPO bonanza that the top AI companies are embarking on to the point where some real estate listings are looking for not just regular old cash, but Anthropic stock.

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SpaceX will get off the ground – but a descent from a silly valuation must follow | Nils Pratley

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Elon Musk, ipos, Nasdaq, SpaceX, Stock markets, US news

Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity“Our mission,” says the opening sentence of SpaceX’s listing document with a straight face, “is to build the systems and technologies necessary to make life multi-planetary, to understand the true nature of the universe, and to extend the

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6 Key Elements a Strategic AI Workshop Should Include in 2026

ai, AI (Artificial Intelligence), Artificial Intelligence, Business

By 2026, “we should do something with AI” has become a standing item in nearly every board meeting. The market has responded with hundreds of training offers, most of them focused on teaching teams how to use ChatGPT or Microsoft Copilot. These have their place. But they don’t answer the question leadership is actually asking:

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Amazon expands ultra-fast deliveries in UK and adds same-day fruit and veg

ai, AI (Artificial Intelligence), Amazon, Artificial Intelligence, Business, Couriers/delivery industry, E-commerce, Retail industry, Supermarkets, Technology, UK news

Deliveries in 30 minutes or less coming to Manchester and Birmingham and fresh groceries service to start in London Amazon is expanding fast-track deliveries in the UK, including adding fresh fruit and vegetables to same-day services, after closing its standalone grocery stores.The firm said it would expand Amazon Now, its ultra-fast delivery service that already

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