The EU will strangle innovation in AI September 18, 2024 EU regulatory overreach has gone from from a Brexiteer conspiracy theory and source of ridicule to something that EU leaders themselves acknowledge and are trying to address. But when it comes to AI, they’re already behind, says James Price If you’ve bought a plastic drinks bottle in recent months, you may have noticed a maddening [...]
Amazon Web Services plots £8bn investment in UK data centres September 11, 2024 Amazon Web Services (AWS) is planning to invest £8bn to build, maintain and operate a number of data centres in the UK over the next five years. The tech giant’s cloud division estimates the cash injection will contribute £14bn to the UK’s total gross domestic product (GDP) through to 2028, and will support an average [...]
The Notebook: Labour is charting a dangerous course on free speech September 10, 2024 Labour's proposed expansion of the Online Safety Act is a troubling step for free speech, writes Big Brother Watch director Silkie Carlo.
Pinewood Technologies strikes deal with AI firm to bolster US expansion September 4, 2024 Pinewood Technologies, formerly known as Pendragon, has entered into an advanced subscription agreement with Seez, known for its automotive AI tech, it announced today. Under the terms of the agreement, Pinewood Technologies, which is listed on the London Stock Exchange, said it had agreed to invest $4.2m (£3.2m) as part of a minority investment round. The [...]
‘There’s little room for caution’: Banks and fintechs gear up for AI revolution September 3, 2024 The financial services sector is leaning into the hype around artificial intelligence, as banking and fintech executives hail its potential to boost productivity and reduce costs.
Allwyn: We want to get more young people playing the National Lottery September 1, 2024 The National Lottery, once a staple of Saturday night television, is hoping to rejuvenate its ageing demographic with plans to draw in a younger crowd. Andria Vidler, the chief executive of Allwyn, the company now responsible for running the Lottery, has said there is a need for change. The Lottery has “aged,” she said, adding [...]
Nvidia shares slump despite company’s record-breaking revenue August 29, 2024 Nvidia shares are down over eight per cent in after hours trading even after it smashed its forecasts and posted record revenue. Revenue for the second quarter hit a new record of $30bn (£22.7bn), up 15 per cent from the first quarter and up 122 per cent from the previous year ago. Nvidia also posted [...]
AI can jump-start UK productivity – we just need to get over our trust issues August 22, 2024 Artificial intelligence can be the productivity cure it promises to be - but we need a little trust, writes Daniel Pell.
Thomson Reuters snaps up British AI startup that provides legal advice August 21, 2024 Information giant Thomson Reuters has snapped up British artificial intelligence (AI) company Safe Sign Technologies as it looks to grow its suite of AI-powered research tools targeted towards the legal industry. Safe Sign has been building and developing a legal specific large language model (LLM) that aims to make reliable legal advice more accessible. Both firms [...]
Can we stop AI from destroying the planet? August 16, 2024 AI is increasingly finding itself in the crosshairs of investors concerned about its environmental toll. Many are coming to terms with the fact that the technology supposedly leading us into a smarter future might be dragging the planet backwards when it comes to climate commitments. Big tech’s climate ambitions are hitting a rather inconvenient truth: [...]