Technology sector

Auto Added by WPeMatico

Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’

A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details Revealed: UK’s multibillion AI drive is built on ‘phantom investments’The Essex ‘supercomputer’ that’s still a scaffolding yardA Guardian investigation has examined a series of massive AI investments announced by the government over the past two years, comparing […]

Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’ Read More »

British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board

London-based startup, which is vital to the government’s artificial intelligence ambitions, is now valued at $14.6bnBusiness live – latest updatesNscale, a UK company vital to the government’s AI ambitions, has raised $2bn (£1.5bn) in a funding round and appointed the former Meta executives Sheryl Sandberg and Nick Clegg to its board of directors.It brings the

British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board Read More »

OpenAI delays ‘adult mode’ for ChatGPT to focus on work of higher priority

Startup still believes in ‘principle of treating adults like adults, but getting experience right will take more time’OpenAI is delaying the launch of “adult mode” for ChatGPT after admitting it had more pressing priorities than introducing erotica on its signature artificial intelligence product.The startup’s chief executive, Sam Altman, had announced last year that OpenAI would

OpenAI delays ‘adult mode’ for ChatGPT to focus on work of higher priority Read More »

AI chatbots point vulnerable social media users to illegal online casinos, analysis shows

Tech firms condemned for lack of controls with Meta AI and Gemini even offering advice on how to bypass UK gambling and addiction checksAI chatbots are recommending illegal online casinos to vulnerable social media users, putting them at increased risk of fraud, addiction and even suicide.Analysis of five AI products, owned by some of the

AI chatbots point vulnerable social media users to illegal online casinos, analysis shows Read More »

North Korean agents using AI to trick western firms into hiring them, Microsoft says

Firm says AI tools are masking identities of false applicants, who then funnel wages from remote IT jobs to North KoreaFake IT workers deployed by North Korea are using AI technology, including voice-changing tools, to trick western companies into hiring them, Microsoft has said.The US tech firm said a signature Pyongyang money-raising ruse is being

North Korean agents using AI to trick western firms into hiring them, Microsoft says Read More »

Nvidia and UK Wealth Fund invest in British autonomous driving startup Oxa

Oxford-based firm has raised $103m for commercial development of software for self-driving industrial vehiclesNvidia is investing in the British autonomous driving startup Oxa, alongside backing from the UK’s National Wealth Fund, in a boost to the country’s technology sector.The Oxford-based company, which has developed software for self-driving industrial vehicles, said it had raised $103m (£77m)

Nvidia and UK Wealth Fund invest in British autonomous driving startup Oxa Read More »

Can AI do 40% of your job? Block’s Jack Dorsey thinks so

Jack Dorsey to cut 4,000 workers at Block amid AI advances – but specters such as weak crypto market haunt companyJack Dorsey cited AI as the driving force behind cutting 40% of his company’s employees, but other factors such as a weak crypto market, overstaffing and a declining stock price may also have motivated the

Can AI do 40% of your job? Block’s Jack Dorsey thinks so Read More »

OpenAI amends Pentagon deal as Sam Altman admits it looks ‘sloppy’

ChatGPT owner’s CEO says it will bar its technology being used for mass surveillance or by intelligence servicesBusiness live – latest updatesOpenAI is amending its hastily arranged deal to supply artificial intelligence to the US Department of War (DoW) after the ChatGPT owner’s chief executive admitted it looked “opportunistic and sloppy”.The contract prompted fears the

OpenAI amends Pentagon deal as Sam Altman admits it looks ‘sloppy’ Read More »

Tech firms and AI farming tools ‘playing with the food system’, warns thinktank

Google, Microsoft and Amazon among companies using algorithms and AI to influence what crops are grown and how, say criticsTech companies and industrial agriculture are “playing with the food system” by using AI and algorithms to undermine farmers in choosing what the world eats, leading food security experts have warned.Companies such as Google, Microsoft, Amazon,

Tech firms and AI farming tools ‘playing with the food system’, warns thinktank Read More »

Investment in AI-resistant ‘Halo’ companies helps push UK and EU markets to record highs

Investors are shifting toward physical assets that are partially insulated from disruption, says Goldman SachsInvestors have a new mantra as they prepare for AI to shake up the global economy – the Halo trade.Interest in Halo – short for “heavy assets, low obsolescence” – has risen as investors seek out companies with tangible, productive assets,

Investment in AI-resistant ‘Halo’ companies helps push UK and EU markets to record highs Read More »