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Labour will make AI ‘work for the workers’, says Liz Kendall

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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 […]

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SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire

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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

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As the tech mega-IPO race hots up, has OpenAI missed its moment?

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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

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Will the AI economy create a permanent underclass?

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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

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Google owner Alphabet to sell $80bn in stock to fund AI spending spree

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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

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Nvidia launches ‘superchip’ putting AI power into laptops and PCs

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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)

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Give staff more say over AI to ensure they share benefits, UK thinktank urges

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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

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‘AI washing’: firms are scrambling to rebrand themselves as tech-focused

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PR executives say UK companies are forcing them to present ordinary automation as artificial intelligence UK companies are performing “yoga-level” stretches to describe themselves as AI specialists in an attempt to capitalise on the buzz around the technology, public relations firms have said.Weary communications executives tasked with securing media coverage for brands have complained that

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How big tech got its way on Trump’s AI executive order

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The US president’s reversal on calling for a safety review of new AI models is a green light for tech’s unchecked powerOnly hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president

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Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors

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IPO filing from Elon Musk’s company reveals closer look at finances, cosmic ambitions and tech empire’s quirksSpaceX publicly released an investor prospectus on Wednesday as part of its plan for a $1.75tn debut on the US stock market next month, revealing unseen details about the finances and future plans of Elon Musk’s flagship company. In

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