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Elon Musk merges SpaceX with xAI at $1.25tn valuation

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Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private companyBusiness live – latest updatesElon Musk’s aerospace company SpaceX has acquired his artificial intelligence business xAI, in a $1.25tn (£910bn) merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year.The two companies announced the […]

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‘Deepfakes spreading and more AI companions’: seven takeaways from the latest artificial intelligence safety report

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Annual review highlights growing capabilities of AI models, while examining issues from cyber-attacks to job disruptionThe International AI Safety report is an annual survey of technological progress and the risks it is creating across multiple areas, from deepfakes to the jobs market.Commissioned at the 2023 global AI safety summit, it is chaired by the Canadian

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Barnsley rebranded UK’s first ‘tech town’ as US giants join AI push

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Minister announces Microsoft, Cisco and Adobe to help apply AI to local schools, hospitals, GPs and businessesIn 2002 Barnsley toyed with a redesign as a Tuscan hill village as it sought out a brighter post-industrial future. In 2021 it adopted the airily vague slogan “the place of possibilities”. Now it is trying a different image:

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SpaceX reportedly mulling Tesla merger or tie-up with Elon Musk’s xAI firm

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Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report saysBusiness live – latest updatesSpaceX is reportedly considering a potential merger with the electric carmaker Tesla, or a tie-up with artificial intelligence firm xAI, as Elon Musk looks at options to consolidate his global empire.The rocket company is examining the feasibility

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‘Wake up to the risks of AI, they are almost here,’ Anthropic boss warns

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Dario Amodei questions if human systems are ready to handle the ‘almost unimaginable power’ that is ‘potentially imminent’Business live – latest updatesQuarter of Britons fear losing jobs to AI in next five yearsHumanity is entering a phase of artificial intelligence development that will “test who we are as a species”, the boss of leading AI

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UK maker of AI avatars nearly doubles valuation to $4bn after funding round

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Synthesia makes digital presenters for clients to use in corporate videos and counts 70% of FTSE 100 as customersA British AI startup that makes realistic video avatars has almost doubled its valuation to $4bn (£3bn), in a boost for the UK technology sector.Synthesia was valued at $2.1bn last year and moved into new offices in

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Ubisoft cancels projects and announces restructure in fight to stay competitive

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Video game publisher to cancel Prince of Persia remake and close studios after several difficult yearsThe video game publisher behind the Assassin’s Creed series has cancelled six projects including a remake of Prince of Persia: The Sands of Time as it fights to stay competitive in the global gaming market.Ubisoft announced a sweeping reorganisation and

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The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026

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OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOsYou’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at valuations

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‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward

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Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AIWill the race to artificial general intelligence (AGI) lead us to a land of financial plenty – or will it end in a 2008-style bust? Trillions of dollars rest on the answer.The

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TikTok to strengthen age-verification technology across EU

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Move comes as calls for Australia-style social media ban for under-16s grow around worldTikTok will begin the rollout of new age-verification technology across the EU in the coming weeks, as calls for an Australia-style social media ban for under-16s grow in countries including the UK.ByteDance-owned TikTok, and other major platforms popular with young people such

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