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Google Cloud outage: Revolut suffers service disruption as bank customers report problems – business live

Rolling coverage of the latest economic and financial newsThe pound has rallied after Britain’s unemployment rate fell unexpectedly this morning to 4.7%.Sterling has gained half a cent against the US dollar to $1.3352, as the City welcomes the news that employment rose in the last quarter.“This data has caught the market on the hop, with

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Google cloud failure hits millions as UK courts and banks knocked offline

Power glitch stalls hearings and Revolut, Lloyds and HSBC customers unable to pay or move moneyBusiness live – latest updatesAn outage at Google’s cloud services in the UK has caused widespread disruption, hitting courts and leaving millions of customers unable to access and send cash at banks including Lloyds, HSBC and Revolut.Google has blamed a

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Is this the beginning of the end of the AI stock market boom?

After a wobble on the tech-heavy Nasdaq, some AI market observers think a reassessment of the potential value of various businesses may be under wayGet our breaking news email, free app or daily news podcastThe world is holding its breath as it waits to find out whether this year’s estimated $US1tn investment in artificial intelligence

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AI firm Anthropic to commit 5% of shares to fund for ‘public good’

The $48bn giveaway by company, which is preparing to list on stock market, comes amid concerns about the techAnthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing.The company announced

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