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Finance sector will gain from the tech but it will need substantial investment and create risks, says rating agencyThe rating agency Moody’s has said the race to adopt AI is putting big banks at the mercy of a small group of Silicon Valley firms, leaving them vulnerable to widespread outages and price gouging by profit-hungry […]
AI push is putting banks at mercy of tech firms, warns Moody’s Read More »
Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producerDonald Trump has ordered a new 15% tariff on imported products made of polysilicon, an important ingredient in microchip manufacturing that is primarily produced by China.The new tariff, which will take effect on 4 December,
Trump orders new 15% tariff on key material for solar panels and microchips Read More »
The UK’s AI Security Institute test revealed AI models indulging in unprecedented hacking attemptsAI models shock UK testers by using fake identities to trick developersTwo cutting-edge AI models have targeted real people and organisations in the latest safety scare to hit the technology. The UK’s AI Security Institute (AISI) said the incident was unprecedented but
AI models have been going rogue in tests – how worried should we be? Read More »
Wayve Uber wins first minicab licence for autonomous cabs from TfL but vehicles will have a safety driver (at first)The taxi app company Uber and the autonomous technology developer Wayve have been granted the first minicab licences in London allowing them to offer self-driving taxi rides to paying customers – but with a human safety
Lender was told money was being taken without authorisation, with cash used to buy credits for Claude chatbotA Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot Claude.Zoli Rutter, a businessman from Sussex, had a total of £14,244 taken
Metro Bank customer fights for £14,000 refund after AI-linked fraud Read More »
ChatGPT developer says activity by autonomous tool was not at severity or scale of what occurred at Hugging FaceOpenAI has revealed that a cyber-attack carried out by a rogue AI agent had more than one victim.The ChatGPT developer said the agent – an autonomous tool that can carry out sequences of commands without human help
Rogue OpenAI agent that hacked startup tried to attack other firms Read More »
Drop comes after South Korean company SK Hynix’s results undershot investors’ expectationsBusiness live – latest updatesShares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, sending the country’s stock market tumbling for the second day in a row.Seoul’s Kospi index, which is dominated by semiconductor manufacturers,
Shares in Asian chip firms plunge further as AI sell-off continues Read More »
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
Datacentre projects could face fees for grid access to ease connection queue, Ofgem says Read More »
Artificial intelligence firm should provide $100m for cyber defences, says Hugging Face CEOBusiness live – latest updatesThe boss of the startup hacked by an OpenAI agent has called for the investigation into the incident to show “radical transparency”.Clément Delangue, the chief executive of Hugging Face, said the “unprecedented” attack on his business required a similar
Firm told to treat third-party services that appear in its results in ‘fair and non-discriminatory manner’Google has been fined a total of €890m (£760m) by the EU for breaches of online competition laws by its search and app store services.The European Commission, the EU’s executive arm, said Google had broken the Digital Markets Act by
EU fines Google €890m for competition breaches over search and apps Read More »
