Technology sector

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Why is Silicon Valley suddenly obsessed with being tasteful?

Whether it’s Palantir selling a $239 chore coat, Anthropic taking over a coffee shop or executives walking the red carpet at the Met Gala, tech’s biggest players are pivoting to fashion to sell their brands – and attempt to appear cooler in the processLast week, the US spy tech and data firm Palantir launched its […]

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‘RAMageddon’: is the era of cheap phones and laptops over?

Bargains are disappearing and the cost of gadgets such as MacBooks and PS5s is rising as AI competes for memory chipsThe end of the cheap laptop, the bargain phone and affordable games consoles may be on the horizon. Not because new models are more hi-tech, but because the cost of computer components has shot up.Recently,

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China blocks $2bn Meta takeover of AI agent developer Manus

Beijing says domestic tech companies must seek explicit government approval for accepting US investmentBusiness live – latest updatesChina has blocked Meta’s $2bn (£1.5bn) acquisition of an AI startup as it cracks down on US investments in domestic tech companies.Mark Zuckerberg’s Meta, the owner of Facebook, Instagram and WhatsApp, announced the acquisition of Manus, a developer

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TikTok and Visa launch debit card to speed payouts to UK creators

Creator card is designed for people making money through TikTok Live, some of whom complain of payment delaysTikTok and Visa have launched a debit card for content creators in the UK which they say will allow people to quickly access their earnings from the platform.The creator card is designed for the growing numbers of people

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UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor

Adult video platform to sell minority stake to increase stability after death of its founder Leonid RadvinskyBusiness live – latest updatesOnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn).The London-based company is in advanced talks to

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Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool

Release of new Claude model, so far been limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its

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Nissan turnaround plan pins hopes on ‘AI-defined vehicles’

Japanese carmaker will add self-driving abilities to 90% of cars in future and cut a fifth of its modelsNissan has said it will add self-driving abilities to the vast majority of its cars and cut a fifth of its models in the latest stage of the Japanese carmaker’s drawn-out turnaround efforts.Ivan Espinosa, Nissan’s chief executive,

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US summoned bank bosses to discuss cyber risks posed by Anthropic’s latest AI model

Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports.Bosses including the Federal Reserve chair, Jerome Powell, were said to

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Higher energy costs from Iran war could threaten fragile economics of AI boom | Heather Stewart

Industry with business model not yet firmly established and investments financed by huge debts is particularly at riskDonald Trump’s most immediate concern in demanding Iran reopen the strait of Hormuz may be rocketing US gasoline prices, but if the conflict drags on, higher energy costs will be felt far beyond the pumps.Systemically higher power prices

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OpenAI buys tech talkshow TBPN in push to shape AI narrative

OpenAI’s chief of strategy says acquisition of show will help company engage with public about AI as it evolvesOpenAI is wading into the media business by acquiring TBPN, a technology-focused talkshow closely watched by Silicon Valley insiders, its hosts said on Wednesday.Co-hosts John Coogan and Jordi Hays broadcast TBPN live for three hours every weekday

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