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Urban Outfitters, Dreams and Royal Parks cafes criticised for use of gig economy app

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TUC urges ministers to bring forward changes to protect workers amid concerns over apps such as TemperThe fashion retailer Urban Outfitters, the bed specialist Dreams and the operator of several Royal Parks cafes have been criticised for the use of the gig economy app Temper to take on staff – some of whom can end […]

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SpaceX reportedly mulling Tesla merger or tie-up with Elon Musk’s xAI firm

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Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report saysBusiness live – latest updatesSpaceX is reportedly considering a potential merger with the electric carmaker Tesla, or a tie-up with artificial intelligence firm xAI, as Elon Musk looks at options to consolidate his global empire.The rocket company is examining the feasibility

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Big tech results show investor demand for payoffs from heavy AI spending

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Meta wowed Wall Street with improvements in ad targeting fueled by AI alongside huge investment. Microsoft had less to show for its billions spentBig tech earnings so far this week have sent a clear warning: investors are willing to overlook soaring spending on artificial intelligence if it fuels strong growth, but are quick to punish

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Lloyds boss warns bankers must ‘reskill themselves’ to survive AI boom

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, financial sector, Job losses, Lloyds Banking Group

Charlie Nunn says banks will be hiring staff with different skill sets as customer experience will ‘radically change’Business live – latest updatesThe boss of Lloyds Banking Group has warned that bankers will need to “reskill themselves” to survive the oncoming AI boom that stands to transform the financial services sector.Charlie Nunn told reporters on Thursday

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Meta & Microsoft earnings reports underline huge AI spending, raise profitability questions

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Both Meta Platforms and Microsoft shared their latest quarterly results on Wednesday and showed they are still planning on sustained spending on artificial intelligence. Similarly, Telsa posted a drop in annual revenue for the first time in its history and announced a shift away from electric vehicles and towards AI and robotics. Meanwhile, hardware providers

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Universal basic income could be used to soften hit from AI job losses in UK, minister says

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Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries• Business live – latest updatesThe UK could introduce a universal basic income to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said.“Bumpy” changes to society caused by the introduction of the technology would

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SpaceX mulls $1.5tn IPO timed to ‘align with Musk’s birthday and the planets’

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World’s richest person targeting symbolic date in June for flotation of rocket companyElon Musk’s SpaceX is considering a flotation valuing the rocket company at $1.5tn (£1.1tn) that will reportedly be timed for early summer to coincide with a planetary alignment and the multibillionaire’s birthday.The world’s richest person is targeting a symbolic date of mid-June for

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YouTube criticised after pulling out of UK TV audience ratings

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Owner Google moves to block Barb data access months after allowing 200 channels to be monitoredYouTube has been criticised by the TV and advertising industry after suspending its participation in a key measurement system that compares viewership on the social media site with other streamers such as Netflix and TV broadcasters.YouTube owner Google has sent

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