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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 […]

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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

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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

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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

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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

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SpaceX lines up Wall Street banks as Musk eyes blockbuster IPO

US aerospace tech company reportedly held talks last year over private share sale that values business at $800bnElon Musk’s SpaceX is reportedly lining up four Wall Street banks to help the company list on the stock market as investors prepare for an expected rush of US tech listings.SpaceX is considering Bank of America, JP Morgan,

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‘I’m picking winners’: UK business secretary takes activist approach to economic growth

AI evangelist Peter Kyle wants to scale up businesses, attract overseas investors and look out for UK’s poorer regionsThe UK business secretary, Peter Kyle, has said he is “betting big” and “picking winners” as the government takes direct stakes in growing businesses to boost economic growth.Speaking at the World Economic Forum in Davos, where he

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Dispatch from Davos: hot air, big egos and cold flexes

This story first appeared in The Debrief, our subscriber-only newsletter about the biggest news in tech by Mat Honan, Editor in Chief. Subscribe to read the next edition as soon as it lands. It’s supposed to be frigid in Davos this time of year. Part of the charm is seeing the world’s elite tromp through the

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