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Also: Anthropic advocates for a ‘pause’ on AI advancement – days after filing to go public on the US stock marketHello, and welcome to TechScape. I’m your host, Blake Montgomery, the US tech editor at the Guardian. Today we’re discussing Donald Trump’s neediness for AI and the contradictions of Anthropic’s safety-first posture.OpenAI confidentially files for […]
Falls follow sharp sell-off of US tech stock last week while oil prices jump after Iran and Israel exchange strikesBusiness live – latest updatesGlobal stock markets have fallen amid concern about the prospects for tech stocks while oil prices have risen as attacks in the Middle East stoked fears that a fragile truce in the
Stock markets fall as concerns persist over tech firms at heart of AI boom Read More »
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
Billions spent and hypothetical returns: the AI boom explained with six charts Read More »
Technology secretary promises to support people whose jobs are swept away by automationLiz Kendall has insisted Labour will make artificial intelligence “work for workers”, and not abandon people whose jobs are swept away by its rapid advance.With public fears mounting about the impact of AI on employment, particularly for young people, the technology secretary claimed
Labour will make AI ‘work for the workers’, says Liz Kendall Read More »
IPO could raise up to $75bn, giving SpaceX market value of $1.77tn as it sets up Musk for extraordinary wealthSpace X is seeking to raise about $75bn (£55bn) through its imminent stock market listing, , the company has said, which would make it the largest initial public offering ever.If the stock market launch – primed
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer is
As the tech mega-IPO race hots up, has OpenAI missed its moment? Read More »
From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to deal with the tech’s falloutThe San Francisco Bay Area is in the midst of an AI frenzy that makes the California gold rush of the mid-19th century look like a scavenger
Will the AI economy create a permanent underclass? Read More »
One of largest equity fundraisings ever includes $10bn share sale to US investment group Berkshire HathawayBusiness live – latest updatesGoogle’s parent company Alphabet has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom.The move, one
Google owner Alphabet to sell $80bn in stock to fund AI spending spree Read More »
Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboardBusiness live – latest updatesA new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers.The $5tn (£3.7th)
Nvidia launches ‘superchip’ putting AI power into laptops and PCs Read More »
Exclusive: IPPR report backed by TUC proposes ‘worker support levy’ to boost employees’ influenceWorkers urgently need more bargaining power over the way AI is adopted in the workplace to ensure the benefits are fairly shared, according to a TUC-backed report from a leading thinktank.The Institute for Public Policy Research (IPPR) is calling for a package
Give staff more say over AI to ensure they share benefits, UK thinktank urges Read More »
