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Without AI you will be a ‘weaker and poorer nation’, says former UK chancellor two months into job at US firmThe former chancellor George Osborne has said countries that do not embrace the kind of powerful AI systems made by his new employer, OpenAI, risk “Fomo” and could be left weaker and poorer.Osborne, who is […]
Countries that do not embrace AI could be left behind, says OpenAI’s George Osborne Read More »
The release of Alibaba’s latest Qwen model challenges proprietary AI model economics with comparable performance on commodity hardware. While US-based labs have historically held the performance advantage, open-source alternatives like the Qwen 3.5 series are closing the gap with frontier models. This offers enterprises a potential reduction in inference costs and increased flexibility in deployment
Alibaba Qwen is challenging proprietary AI model economics Read More »
In a rapidly changing job market, it’s not necessarily good for workers to cling to their current employmentAfter all the employee protests over the past few years – the “great resignations”, the “quiet quittings”, the “bare-minimum Mondays” and “coffee badgings” – we have finally arrived at “job hugging”.Amid all the economic uncertainty and the rising
Even amid rising economic uncertainty, now is not the time to hug your job Read More »
Opinions are divided about the potential impact of artificial intelligence as the response to a recent viral essay showsUK ad agencies undergo their biggest exodus of staff as AI threatens industryThe message from investors to the software, wealth management, legal services and logistics industries this month has been clear: AI is coming for your business.The
AI is indeed coming – but there is also evidence to allay investor fears Read More »
The Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT has awarded funding to eight new research studies to understand how artificial intelligence innovations can be used in the fight against poverty through its new Project AI Evidence.The age of AI has brought wide-ranging optimism and skepticism about its effects on society. To realize AI’s
Rolling coverage of the latest economic and financial newsOnly seven new petrol-powered cars sold in Norway in JanuarySilver is also looking very volatile.The spot price of silver tumbled by 19% yesterday, hot on the heels of its 27% plunge on 30 January. Continue reading…
Software sell-off deepens amid AI fears in ‘echoes of dot-com crash’ – business live Read More »
Rolling coverage of the latest economic and financial newsIn the insurance world, Zurich appears to have won its battle to aquire smaller rival Beazley after increasing its offer price.The two companies have told the City this morning they’ve reached “agreement in principle” on the key financial terms of a possible recommended cash offer, which values
Software stock sell-off goes global amid fears over AI-led disruption – business live Read More »
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
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 »
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 »
