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Stock markets fall as concerns persist over tech firms at heart of AI boom

Falls follow sharp sell-off of US tech stock last week while oil prices jump after Iran and Israel exchange strikesBusiness live – latest updatesGlobal stock markets have fallen amid concern about the prospects for tech stocks while oil prices have risen as attacks in the Middle East stoked fears that a fragile truce in the

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

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

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

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

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

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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