Technology sector

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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 […]

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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)

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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

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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

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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,

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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,

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Rolls-Royce profits soar 40% amid booming demand for AI datacentre power

Engine maker promises to give up to £9bn to shareholders over next three years as turnaround gathers paceRolls-Royce’s profits soared by 40% last year as the engineering company’s turnaround gathered pace, helped by booming demand for power from datacentres.The company reported underlying profits of £3.5bn for 2025, up from £2.5bn the year before, as it

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WPP to merge ad agencies and cut jobs in radical shake-up to counter AI threat

Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028The beleaguered advertising group WPP has announced a radical restructure to counter the threat posed by the AI revolution, including merging its ad agencies and cutting jobs.Aiming to be “a simpler, lower-cost, AI-enabled business”, the London-based company laid out plans

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New datacentres risk doubling UK electricity use, regulator says

Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demandThe amount of power being sought by new datacentre projects in the UK would exceed the country’s current peak electricity consumption, according to an industry watchdog.Ofgem said about 140 proposed datacentre schemes, driven by use of artificial intelligence,

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Amazon’s cloud ‘hit by two outages caused by AI tools last year’

Reported issues at Amazon Web Services raise questions about firm’s use of artificial intelligence as it cuts staffBusiness live – latest updatesAmazon’s huge cloud computing arm reportedly experienced at least two outages caused by its own artificial intelligence tools, raising questions about the company’s embrace of AI as it lays off human employees.A 13-hour interruption

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