Technology sector

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Datacentre projects could face fees for grid access to ease connection queue, Ofgem says

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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 […]

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Boss of startup hacked by rogue OpenAI agent urges ‘radical transparency’ in investigation

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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

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EU fines Google €890m for competition breaches over search and apps

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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

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OpenAI says its models went rogue and hacked startup in ‘unprecedented incident’

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Firm behind ChatGPT reveals autonomous agent powered by its tech chose to attack Hugging Face database by itselfOpenAI has revealed an autonomous AI agent powered by its technology went rogue during a test, accessed the open web and hacked a prominent startup by itself in an “unprecedented incident”.The company behind ChatGPT said Hugging Face had

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Jeff Bezos and UK government invest in £2bn British startup CuspAI

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Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chainsBusiness live – latest updatesAmazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave

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Andy Burnham’s plan to scrap technology department triggers backlash

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MPs and industry experts say potential reorganisation will waste time at critical moment for AI and economic growthAndy Burnham’s plan to scrap the government’s technology department has triggered an angry backlash from MPs, Whitehall officials and tech experts.The incoming prime minister has asked officials to draw up plans to abolish the Department for Science, Innovation

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IBM loses quarter of its value as tech giant’s shares plunge and profits falter

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IBM issued profit warning after weak second quarter, triggering selloff in software sector including MicrosoftShares in IBM plunged more than 25% on Tuesday after the US tech giant released disappointing preliminary second-quarter results. IBM’s stock was on track for an even steeper single-day decline than it suffered during ⁠the 1987 “Black Monday” crash.IBM had issued

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AI companies want to water down Australia’s copyright laws. Artists are outraged, Labor is split

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Anthony Albanese will deliver a landmark speech on AI this week as MPs are torn between attracting datacentre investment and protecting the rights of creativesGet our breaking news email, free app or daily news podcastWhen Anna Funder stood before a pack of journalists at Parliament House earlier this month, she presented herself not just as

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Safe from AI: which jobs will help you thrive in the future?

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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

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Bank of England handed powers to regulate key tech firms including Amazon and Google

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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

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