Economic policy

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Jeff Bezos and UK government invest in £2bn British startup CuspAI

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Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chainsBusiness live – latest updatesAmazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave […]

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Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor

ai, AI (Artificial Intelligence), Artificial Intelligence, Bank of England, Business, Cryptocurrencies, Economic policy, Nigel Farage, Party funding, Politics, Reform UK, Technology, UK news

Reform UK leader used private meeting at Bank of England to urge governor to drop plans for state-run cryptocurrencyNigel Farage has been trying to block a Bank of England cryptocurrency plan that could be costly for the billionaire bankrolling his party.The Reform UK leader has said Christopher Harborne wants nothing in exchange for the millions

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Starmer says Tory shadow minister should be sacked for criticism of Muslims praying in Trafalgar Square– UK politics live

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Nick Timothy said an event attended by the mayor of London that included prayers was an ‘act of domination’Polanski says the government should be doing more to improve home insulation, and on the drive towards renewable energy.And he says the government should commit to ensuring energy bills do not rise above the April-June price cap.The

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Wednesday briefing: From missing billions to nonexistent datacentres, inside Britain’s AI drive

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In today’s newsletter: Enormous investments in artificial intelligence promised to transform Labour’s growth problems. The reality is much murkierGood morning. For the last few years artificial intelligence has been heralded as the technology that will transform economies. Governments have promised billions in investment, datacentres and supercomputers, and a wave of new jobs as AI is

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How to win friends and influencers: Labour’s new social media strategy is a step into the future | Kirsty Major

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There was a backlash when No 10 invited online content creators inside its doors. But in a fast-changing media landscape, this solves two problems at onceLast year, No 10 took an unprecedented step: it invited content creators to cross the threshold of Downing Street.Naturally, the creators all filmed themselves outside the famous door. Once inside,

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

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

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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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Explaining UK debt with biscuits: Labour MPs get the hang of viral content

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Gordon McKee, whose explainer has racked up 3m views, leads way as party tries to harness power of social mediaUK politics live – latest updatesA perennial head-scratcher for progressives is how to craft a simple, compelling message on the economy. One Labour MP found the answer in a few packets of M&S biscuits.Gordon McKee, who

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