Technology sector

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Accenture ‘links staff promotions to use of AI tools’

Consulting firm keen to increase uptake of technology and is reportedly monitoring adoption by workforceAccenture has reportedly started tracking staff use of its AI tools and will take this into consideration when deciding on top promotions, as the consulting company tries to increase uptake of the technology by its workforce.The company told senior managers and […]

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Claims that AI can help fix climate dismissed as greenwashing

Industry using ‘diversionary’ tactics, says analyst, as energy-hungry complex functions such as video generation and deep research proliferateTech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report.Most claims that AI can help avert climate breakdown refer to machine learning and not

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TikTok creator ByteDance vows to curb AI video tool after Disney threat

Videos created by new Seedance 2.0 generator go viral, including one of Tom Cruise and Brad Pitt fightingBusiness live – latest updatesByteDance, the Chinese technology company behind TikTok, has said it will restrain its AI video-making tool, after threats of legal action from Disney and a backlash from other media businesses, according to reports.The AI

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UK wealth manager and price comparison site shares fall amid AI fears

Drop comes as AI firm Altruist launches service that helps advisers create personalised tax strategiesBusiness live – latest updatesWealth managers and price comparison sites have become the latest companies to be hit by fears that their businesses will be disrupted by new artificial intelligence innovations.Shares in UK wealth management firms tumbled on Wednesday morning, after

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Will the Gulf’s push for its own AI succeed?

Tech giants Alphabet, Amazon, Microsoft and Meta to collectively invest $600bn on artificial intelligence this yearHello, and welcome to TechScape. Today in tech, we’re discussing the Persian Gulf countries making a play for sovereignty over their own artificial intelligence in response to an unstable United States. That, and US tech giants’ plans to spend more

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EU threatens to act over Meta blocking rival AI chatbots from WhatsApp

Firm accused of ‘abusing’ its dominant position for messaging in what appears to be breach of antitrust rulesThe EU has threatened to take action against the social media company Meta, arguing it has blocked rival chatbots from using its WhatsApp messaging platform.The European Commission said on Monday that WhatsApp Business – which is designed to

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Why has Elon Musk merged his rocket company with his AI startup?

SpaceX’s acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questionedThe acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition.As well as extending “the light of consciousness to the stars”, as Musk described it, the transaction creates a business worth $1.25tn

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Cornish tin mine could reopen with Trump administration investment

South Crofty site could get $225m funding as US seeks to secure supply of critical metalDonald Trump has aggressively pursued investment into hi-tech industries recent months, but the US administration has now set its sights on a more traditional sector: tin mining in Cornwall.The South Crofty mine, near the village of Pool, could start up

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Women in tech and finance at higher risk from AI job losses, report says

‘Mid-career’ females also being sidelined by rigid hiring processes, says City of London CorporationWomen working in tech and financial services are at greater risk of losing their jobs to increased use of AI and automation than their male peers, according to a report that found experienced females were also being sidelined as a result of

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Palantir beats Wall Street expectations amid Trump immigration crackdown

CEO Alex Karp hails ‘iconic’ financial results despite criticism over contracts with ICE and homeland securityPalantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration’s push to deport immigrants.Palantir has secured millions of dollars in federal contracts amid Trump’s crackdown

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