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Boost City regulator’s powers to help protect UK consumers from AI, says watchdog

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FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraudBusiness live – latest updatesMinisters have been urged to toughen the City regulator’s powers to protect consumers against the potential risks of AI, according to a landmark review.The Financial Conduct Authority’s (FCA) Mills review, which looked at how AI […]

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‘It’s smoke and mirrors’: hope turns to fear in Scottish village chosen for AI datacentre

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Suspicions grow in Lanarkshire that local people have been misled on supposed benefits of the huge developmentRevealed: landmark Scottish AI project has no prospect of meeting renewables promiseWhat are Britain’s AI growth zones and are the plans feasible or ‘complete bunk’?The promise was that a Scottish community would be transformed by massive investment and empowered

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OpenAI’s apparent failure to visit key site raises questions over Stargate UK project

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Exclusive: £20bn of ‘potential’ £30bn AI investment touted by UK ministers appears to have been hypotheticalIt was to be the biggest undertaking in Britain for OpenAI, the company behind ChatGPT. Stargate UK – a multibillion-pound UK datacentre project – would represent “a major step forward in the US-UK technology partnership”.But the plans were paused in

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As auto costs rise, will the US miss the golden age of electric vehicles?

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Shifting demands and political ideology have left the industry vulnerable to global competition from cheap Chinese carsEarlier this month, an intriguing new Detroit-based electric vehicle startup hit the market – Slate Auto, a Jeff Bezos-backed venture offering something US buyers rarely see these days – a pick up truck billed as “affordable”.Its base price is

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‘Don’t kill music’: Anthony Albanese’s favourite bands beg PM to stop AI companies from stealing their work

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A potential deal with the government would allow international tech companies to mine the creative work of Australian musicians. Some of the prime minister’s favourite artists told the Guardian how they feel about itCreatives sound alarm on copyright as Pocock calls $50bn datacentre proposal ‘ultimate dirty deal’Big tech companies are asking for Australian copyright laws

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Australia news live: shadow arts minister Angie Bell, a former musician, says AI giants must pay for content

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Follow the day’s latest updatesGet our breaking news email, free app or daily news podcastA teenager has been charged with murder after a 15-year-old boy was discovered with fatal stab wounds outside a community medical centre.AAP reports the boy was found critically injured outside Craigieburn Community hospital in Melbourne’s north about 7.50pm on Wednesday. A

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Tesla sales surpass expectations for second quarter as Musk backlash seems to cool

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Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declinesTesla blew past ​Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America.The strong figures suggest Tesla’s ⁠mainstay auto business is regaining momentum after two straight

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OpenAI ‘in early talks to give 5% stake to US government’

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CEO Sam Altman argued move would share benefits of AI and it would involve other firms doing similar, report saysBusiness live – latest updatesOpenAI is reportedly in early stage talks to give a 5% stake in the ChatGPT developer to the US government as artificial intelligence companies attempt to smooth relations with Donald Trump’s administration.The

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