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UK datacentres will create just 25% of jobs predicted by tech sector, analysis finds

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Facilities likely to employ 10,400 workers, compared with 40,000 in industry estimates, thinktank saysDatacentres in the UK will create just a quarter of the jobs predicted by the tech sector, while consuming vast amounts of energy, according to new research.Environmental thinktank Verdant predicts that all the datacentres currently planned are likely to directly employ 10,400 […]

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BP to sell North Sea business; AI companies lead record surge on Korea’s stock market – business live

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Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licencesGood morning, and welcome to our live coverage of business, economics and financial markets.BP has put its North Sea oil business up for sale, saying it will try to find a buyer amid a political dispute over whether the

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The outlook gets better and better at Rolls-Royce

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With fingers in various highly lucrative pies, maybe the firm becoming LSE’s most valuable isn’t as fanciful as it seems Tufan Erginbilgiç, the chief executive of Rolls-Royce, seemed to be getting ahead himself when he said a year ago that the engine-maker had the potential to become the most valuable company on the London Stock

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Datacentre projects could face fees for grid access to ease connection queue, Ofgem says

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Energy regulator’s plan would mean upfront fees or financial security via letters of credit, bonds or cash depositsDatacentre projects in Britain will be forced to put down significant upfront fees to secure an energy connection under proposals to ease an electricity grid logjam.Ofgem, the sector watchdog, said there were 315 datacentres currently queueing to connect

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The bulging in-tray of challenges Andy Burnham faces upon entering No 10

ai, AI (Artificial Intelligence), Andy Burnham, Artificial Intelligence, Defence policy, Devolution, Energy industry, European Union, Foreign policy, Immigration and asylum, Labour, Middle East and north Africa, Nationalisation, Oil and gas companies, Politics, Tax and spending, UK news, Utilities, Welfare

From welfare and defence spending to cost of living and geopolitics, we the look at issues leftover from Keir StarmerUK politics live – latest updatesAndy Burnham is expected to become prime minister in less than two weeks, and has promised to significantly change Labour’s agenda and deliver better for all parts of the UK.But he

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Billions spent and hypothetical returns: the AI boom explained with six charts

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Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said

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Rachel Reeves tells ministers to ‘buy British’ in four key industries

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Exclusive: Chancellor pushes for procurement of ships, steel, energy and AI to prioritise Britishness as well as costRachel Reeves has instructed cabinet colleagues to award government contracts in four critical industries directly to British companies, making clear her irritation that ministers have been sending too much government business abroad.In a letter seen by the Guardian,

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A Louisiana state senator helped secure Meta’s largest datacenter. Then he sold the land beside it

ai, AI (Artificial Intelligence), Artificial Intelligence, Energy, Energy industry, Environment, Louisiana, Meta, New Orleans, Technology, US news

Jay Morris denies experts’ claims that he violated ethics rules over land deals near the site of Meta’s Hyperion datacenterThis story is from Floodlight, a non-profit newsroom that investigates the powers stalling climate actionFor more than two years, John “Jay” Morris, a Louisiana state senator, helped pave the way for Meta to build one of

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Scotland’s ‘green datacentres’ policy ignores emissions impact of AI, analysis shows

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Definition of green facilities made in 2022, before release of ChatGPT, says Action to Protect Rural ScotlandA Scottish government policy designed to encourage datacentres to build in Scotland could lead to a massive volume of carbon emissions being ignored, according to an analysis by a Scottish charity.“Green datacentres” are at the heart of Scotland’s ambitions

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More than 100 UK datacentres plan to burn gas to generate electricity

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Requests for gas connections by operators amount to more than 15 terawatt hours per year, endangering climate targetsMore than 100 new datacentres in the UK plan to burn gas to generate electricity, some potentially doing so permanently.British officials say this is an inevitable consequence of a years-long wait to connect to the National Grid, and

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