Business

Auto Added by WPeMatico

Most young adults in UK are anxious about jobs and the economy, research suggests

Respondents to King’s Trust survey cited AI and a lack of work experience as reasons they might fail in lifeMore than seven in 10 teens and young adults in the UK say they wish they were not starting their careers in the current economic climate, according to new research from the King’s Trust.The study also

Most young adults in UK are anxious about jobs and the economy, research suggests Read More »

UK maker of AI avatars nearly doubles valuation to $4bn after funding round

Synthesia makes digital presenters for clients to use in corporate videos and counts 70% of FTSE 100 as customersA British AI startup that makes realistic video avatars has almost doubled its valuation to $4bn (£3bn), in a boost for the UK technology sector.Synthesia was valued at $2.1bn last year and moved into new offices in

UK maker of AI avatars nearly doubles valuation to $4bn after funding round Read More »

AI is hitting UK harder than other big economies, study finds

Britain is losing more jobs than it creates owing to artificial intelligence, Morgan Stanley research suggestsMore than a quarter of Britons fear losing job to AI in next five yearsBusiness live – latest updatesThe UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large

AI is hitting UK harder than other big economies, study finds Read More »

More than a quarter of Britons say they fear losing jobs to AI in next five years

Survey reveals ‘mismatched AI expectations’ between views of employers and staff over impact on careersMore than a quarter (27%) of UK workers are worried their jobs could disappear in the next five years as a result of AI, according to a survey of thousands of employees.Two-thirds (66%) of UK employers reported having invested in AI

More than a quarter of Britons say they fear losing jobs to AI in next five years Read More »

Sam Altman’s make-or-break year: can the OpenAI CEO cash in his bet on the future?

Altman’s campaigning for his company coincides with its use of enormous present resources to serve an imagined futureSam Altman has claimed over the years that the advancement of AI could solve climate change, cure cancer, create a benevolent superintelligence beyond human comprehension, provide a tutor for every student, take over nearly half of the tasks

Sam Altman’s make-or-break year: can the OpenAI CEO cash in his bet on the future? Read More »

AI needs to augment rather than replace humans or the workplace is doomed | Heather Stewart

Tech could lose its social acceptance unless it makes people’s lives better – and trade unions want an urgent conversation “Who wouldn’t want a robot to watch over your kids?” Elon Musk asked Davos delegates last week, as he looked forward with enthusiasm to a world with “more robots than people”.Not me, thanks: children need

AI needs to augment rather than replace humans or the workplace is doomed | Heather Stewart Read More »

Young will suffer most when AI ‘tsunami’ hits jobs, says head of IMF

Kristalina Georgieva says research suggests 60% of jobs in advanced economies will be affected, with many entry-level roles wiped outArtificial intelligence will be a “tsunami hitting the labour market”, with young people worst affected, the head of the International Monetary Fund warned the World Economic Forum on Friday.Kristalina Georgieva told delegates in Davos that the

Young will suffer most when AI ‘tsunami’ hits jobs, says head of IMF Read More »