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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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‘We’re being turned into an energy colony’: Argentina’s nuclear plan faces backlash over US interests

Push to restart uranium mining in Patagonia has sparked fears about the environmental impact and loss of sovereignty over key resourcesOn an outcrop above the Chubut River, one of the few to cut across the arid Patagonian steppe of southern Argentina, Sergio Pichiñán points across a wide swath of scrubland to colourful rock formations on

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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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‘Was I scared going back to China? No’: Ai Weiwei on AI, western censorship and returning home

He has been jailed, tracked and threatened by China’s government. What was it like pay a visit home? As he publishes a polemic about surveillance and state control, he relives a momentous trip to see his motherAi Weiwei is talking me through the decision-making process before his first visit to China in over a decade.

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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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TikTok could be forced to change app’s ‘addictive design’ by European Commission

Preliminary EU ruling says app shifts brains of users into ‘autopilot mode’, with concerns for children and vulnerable adultsBusiness live – latest updatesTikTok could be forced into changes to make the app less addictive to users after the EU indicated the platform had breached the bloc’s digital safety rules.The EU’s executive arm said in a

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Deepfake fraud taking place on an industrial scale, study finds

AI content for scams can be targeted at individuals and ‘produced by pretty much anybody’, researchers sayDeepfake fraud has gone “industrial”, an analysis published by AI experts has said.Tools to create tailored, even personalised, scams – leveraging, for example, deepfake videos of Swedish journalists or the president of Cyprus – are no longer niche, but

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‘In the end, you feel blank’: India’s female workers watching hours of abusive content to train AI

Women in rural communities describe trauma of moderating violent and pornographic content for global tech companiesOn the veranda of her family’s home, with her laptop balanced on a mud slab built into the wall, Monsumi Murmu works from one of the few places where the mobile signal holds. The familiar sounds of domestic life come

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What does the disappearance of a $100bn deal mean for the AI economy?

Apparent collapse of Nvidia–OpenAI tie-up raises questions about circular funding and who will bear the cost of AI’s expansionDid the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all.This was a circular arrangement through

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Mandelson’s links with US tech firm Palantir must be fully exposed, campaigners warn

Government faces call for transparency on former peer’s involvement amid fears he may have leaked more sensitive informationPeter Mandelson’s involvement with the US tech company Palantir must be exposed to full public transparency, campaigners have said, amid fears he may have leaked more sensitive information than is alleged in his emails to Jeffrey Epstein.Palantir, an

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