Auto Added by WPeMatico
After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown?Business live – latest updatesGlobal financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections.This is not the first time stock markets have wobbled in recent months
Andrew Bailey warns G20 members about risk of cyber-disruption spreading ‘across jurisdictions’The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.In a two-page letter sent to international finance ministers and central bank governors as part of his role as
Advanced AI threatens global financial stability, says Bank of England boss Read More »
Security lapse leaves sensitive information and contact details of 51 government officials exposed for 40 hoursThe public body in charge of the UK’s state investments has been pushed to improve its internal security after a data breach left “high-level management information” publicly accessible for nearly two days.UK Government Investments (UKGI), the agency that manages the
UK’s state investments agency hit by data breach Read More »
Experts say there will still be opportunities ahead in everything from teaching to hotels and the lawEntering the world of work often brings some uncertainty, but now there is another question: how can I AI-proof my career?We asked people from across various industries what they think the impact of AI will be on careers, and
Safe from AI: which jobs will help you thrive in the future? Read More »
Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank
Bank of England handed powers to regulate key tech firms including Amazon and Google Read More »
Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolutionChancellor Rachel Reeves is to announce a new City “skills compact” that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution.The financial services skills compact will be launched on
Reeves to launch City ‘skills compact’ committing firms to retrain staff in AI Read More »
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
Boost City regulator’s powers to help protect UK consumers from AI, says watchdog Read More »
As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoningOpenAI staggers AI model release after White House requestEvery couple of decades, investors will ask themselves how long can the stock market keep climbing. Is it safe to buy more shares? Is their
The AI bubble has further to run despite the looming crash Read More »
Exclusive: While recruits will increase headcount for now, broader adoption of AI could lead to jobs cuts in futureLloyds Banking Group has launched an AI recruitment drive for 300 tech experts, weeks before its chief executive, Charlie Nunn, unveils a strategic plan for the 261-year old lender.The bank said it intended the recruits to work
Lloyds Banking Group to hire 300 tech experts to work on AI Read More »
Startup has declined to release Claude Mythos AI model publicly amid fears it could be used by hackersBusiness live – latest updatesAnthropic is to brief the global finance watchdog on the implications of its Claude Mythos AI model, whose potential threat to cyber defences has alarmed experts.The US startup will discuss Mythos with the Financial
Anthropic to share Mythos cyber flaw findings with global finance watchdog Read More »
