Technology sector

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TikTok and Visa launch debit card to speed payouts to UK creators

Creator card is designed for people making money through TikTok Live, some of whom complain of payment delaysTikTok and Visa have launched a debit card for content creators in the UK which they say will allow people to quickly access their earnings from the platform.The creator card is designed for the growing numbers of people […]

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UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor

Adult video platform to sell minority stake to increase stability after death of its founder Leonid RadvinskyBusiness live – latest updatesOnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn).The London-based company is in advanced talks to

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Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool

Release of new Claude model, so far been limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its

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Nissan turnaround plan pins hopes on ‘AI-defined vehicles’

Japanese carmaker will add self-driving abilities to 90% of cars in future and cut a fifth of its modelsNissan has said it will add self-driving abilities to the vast majority of its cars and cut a fifth of its models in the latest stage of the Japanese carmaker’s drawn-out turnaround efforts.Ivan Espinosa, Nissan’s chief executive,

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US summoned bank bosses to discuss cyber risks posed by Anthropic’s latest AI model

Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports.Bosses including the Federal Reserve chair, Jerome Powell, were said to

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Higher energy costs from Iran war could threaten fragile economics of AI boom | Heather Stewart

Industry with business model not yet firmly established and investments financed by huge debts is particularly at riskDonald Trump’s most immediate concern in demanding Iran reopen the strait of Hormuz may be rocketing US gasoline prices, but if the conflict drags on, higher energy costs will be felt far beyond the pumps.Systemically higher power prices

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OpenAI buys tech talkshow TBPN in push to shape AI narrative

OpenAI’s chief of strategy says acquisition of show will help company engage with public about AI as it evolvesOpenAI is wading into the media business by acquiring TBPN, a technology-focused talkshow closely watched by Silicon Valley insiders, its hosts said on Wednesday.Co-hosts John Coogan and Jordi Hays broadcast TBPN live for three hours every weekday

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Goodbye mrbrightside416: Google allows users to alter quirky Gmail addresses

Those in US given chance to have more professional usernames without losing access to accountDid your McLovin!1976!@gmail.com email address seem funny at the time but less so now you are applying for dozens of jobs?Google has said it is giving US users a chance to appear more professional by letting them change their Google account

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US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Company seeks to reassure investors that bet on artificial intelligence infrastructure will pay offOracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off.The $420bn firm, headquartered in Austin, Texas, started letting employees go on Tuesday, with thousands of Oracle’s 160,000-strong workforce

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Brussels opens investigation into Snapchat amid concern over children’s safety

European Commission says social messaging app is exposing children to grooming and sexual exploitationBrussels has opened an investigation into Snapchat over concerns that the social messaging app is exposing children to grooming, sexual exploitation and other criminality.In a separate decision on Thursday, the European Commission also said four pornographic websites were failing to prevent minors

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