JP Morgan leads rivals on AI recruitment as UK banks struggle to attract talent June 7, 2023 JP Morgan is leading the field in AI recruitment as banks around the world race to capitalise on the opportunities created by the new technology. According to a new report from consultancy Evident, JP Morgan is hiring twice as many AI-related jobs as its rivals. The Wall Street giant advertised 3,651 jobs in AI between [...]
The Notebook: Gavin Poole on AI, London’s esports crown and virtual reality skills June 7, 2023 The Notebook is where interesting people say interesting things. Today, it’s Gavin Poole, chief executive of Stratford tech hub Here East. Friend or foe? Why we should avoid snap calls on the future of artificial intelligence Last week, almost every front page of our national newspapers quoted the ‘AI pioneers’ warning us that AI advancements [...]
Microsoft rallies behind licensing regime for AI firms to ensure safety June 6, 2023 The president of Microsoft has called for a licensing regime for artificial intelligence firms, arguing that such a system would be needed to ensure AI models are used safely. “There is some category of models that is so powerful, so impactful, there will need to be certain regulations and laws – new regulations and laws [...]
Sequoia Capital to carve off China and India units as it faces ‘increasingly complex’ pressures June 6, 2023 Venture capital behemoth Sequoia Capital has revealed plans to carve up its business into three distinct firms due to the “increasingly complex” pressures on its operations across the US, China and India.
London based IQ Capital raises $400m to fuel ‘deep tech’ AI and robotics startups June 5, 2023 London-based venture investor IQ Capital has bagged $400m across two funds today as it looks to ramp up its investment in ‘deep tech’ start-ups across areas including artificial intelligence (AI) and robotics.
Twitter may be worth a third of what Musk paid for it last year, figures show June 1, 2023 Twitter may now be worth one third of what Elon Musk paid for the social media platform just seven months ago, figures show. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55m (£5.28m). That is down from the nearly $20m [...]
Don’t fear an AI bubble – investor optimism is roaring back, says Hoberman June 1, 2023 A ballooning artificial intelligence (AI) bubble could be a “healthy” sign for the market and shows investor optimism is roaring back, according to one of Britain’s most prolific entrepreneurs.
AI ‘godfather’ feels ‘lost’ over life’s work after experts warn it could lead to extinction of humanity May 31, 2023 One of the “godfathers” of artificial intelligence (AI) has said he feels “lost” as experts warned the technology could lead to the extinction of humanity. Professor Yoshua Bengio told the BBC that all companies building AI products should be registered and people working on the technology should have ethical training. It comes after dozens of [...]
Blockchain and Britcoin could bolster fight against ‘fraud epidemic’, experts argue May 29, 2023 The digital pound could be an important weapon in regulators’ fight against the rising tide of fraud, experts have argued. With the widespread scale of scams in the UK, Quant’s chief executive Gilbert Verdian said “we need a complete reset”. Quant builds technology for blockchains, including those underlying central bank digital currencies (CBDCs). According to [...]
Netflix, no chill as streaming giant starts password sharing crackdown: ‘An account is for use by one household ONLY’ May 24, 2023 Netflix has begun its crackdown on UK and US subscribers who are sharing their password with people who live outside of their household, in a bid to stop account sharing. The streaming giant said a Netflix account was “for use by one household” and those wanting to share accounts “with someone who doesn’t live with [...]