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Will the AI economy create a permanent underclass?

From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to deal with the tech’s falloutThe San Francisco Bay Area is in the midst of an AI frenzy that makes the California gold rush of the mid-19th century look like a scavenger […]

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Google owner Alphabet to sell $80bn in stock to fund AI spending spree

One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire HathawayBusiness live – latest updatesGoogle’s parent company Alphabet has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom.The move, one

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Alphabet to raise $80bn from share sales to fund AI spending splurge – business live

Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The economics of the AI boom are back in focus today, after Google’s parent company Alphabet said it plans to raise up to $80bn in equity to fund its vast AI

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Anthropic confidentially files for initial public offering on US stock market

Financial stakes of AI race rise as Elon Musk’s SpaceX, OpenAI and Anthropic are slated to go public this yearAnthropic has filed confidentially for an initial public offering on the US stock market, the company announced Monday. The AI firm makes the Claude chatbot, popular with software engineers and other business clients, and has seen

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Nvidia launches ‘superchip’ putting AI power into laptops and PCs

Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboardBusiness live – latest updatesA new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers.The $5tn (£3.7th)

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Meta legal action forces Facebook whistleblower to sit in silence at Hay festival

Sarah Wynn-Williams did not speak during event after lawyers warned of possible sanctions from tech firmFacebook whistleblower Sarah Wynn-Williams was forced to sit in silence on stage at an event at Hay festival, after lawyers advised her not to speak because of ongoing legal action brought by Meta.Wynn-Williams, whose bestselling memoir, Careless People, details her

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