Most European financial services bosses wary of ‘unintended consequences’ of AI August 14, 2023 A new survey has revealed the extent to which chief executives of European financial services companies are concerned about the potential dangers of AI. The latest EY CEO Outlook Pulse Survey has revealed that 63 per cent of financial services bosses are concerned not enough is being done to manage the “unintended consequences” of artificial [...]
Anthropic secures $100m boost from SK Telecom for new AI venture August 14, 2023 Anthropic, the US artificial intelligence startup founded by ex-OpenAI luminaries, is set to receive $100m (£78.7m) in backing from South Korean telecoms company SK Telecom (SKT). The cash injection will fund the creation of a multilingual large language model (LLM), jointly developed by Anthropic and SKT, according to an announcement made by the telecoms giant [...]
Amazon rolling out generative AI feature targetting product reviews August 14, 2023 Amazon is rolling out a new generative AI feature that summarises product reviews for customers. The feature, which the company began testing earlier this year, is designed to help shoppers determine at a glance what other customers have said about a product before they spend time reading through individual reviews. It will pick out common themes [...]
Data attacks set to enter new era under ‘FraudGPT’, warn cybersecurity execs August 8, 2023 A new breed of malicious AI models are “heralding an era of AI-enabled data attacks” on businesses, Darktrace VP of strategic cyber AI Nicole Carignan has warned. Speaking to City A.M., Carnigan said data attacks will become “faster and harder to defend against in the next few years” as new AI systems make attacks more [...]
Meta to launch AI-powered chatbots in a bid to cling on to users August 1, 2023 Meta, the parent company of Facebook, is reportedly gearing up to deploy a squadron of artificial intelligence-powered chatbots, each with their own distinctive personalities, in an effort to cling on to its users who have been dwindling lately. Meta has been crafting prototypes for these chatbots, aptly named “personas”, the Financial Times reported today, citing [...]
MI6 chief calls for Russians to spy for UK July 19, 2023 The head of MI6 has urged Russians angry at Vladimir Putin’s war in Ukraine to spy for the UK. Sir Richard Moore told them “our door is always open” and “we will work to bring the bloodshed to an end”. He said that while artificial intelligence (AI) is being used to help target the Kremlin’s [...]
Cleverly calls for global cooperation at first UN Security Council meeting on AI July 18, 2023 James Cleverly called for global governance of artificial intelligence as it “knows no borders” at the first UN Security Council meeting on the issue. The Foreign Secretary said the technology would “fundamentally alter every aspect of human life” and could “enhance or disrupt global strategic stability”. The UK chaired the first UN Security Council session on the [...]
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Truss suggests mini-budget may have paid off in the long-term July 12, 2023 Liz Truss appeared to suggest her mini-budget may have paid off long-term as her new taskforce warned the UK risks lagging behind other nations unless it tackles stagnation. Britain’s shortest-serving prime minister likened sluggish growth in recent years to a “boiling a frog situation” as she attended an event to launch the Growth Commission. Members [...]
Meet the AI ‘pioneers’ behind Britain’s biggest infrastructure projects July 4, 2023 Businesses can benefit from artificial intelligence (AI) regulation creating “trusted brands”, the man using the technology to power the restoration of parliament – among other major infrastructure projects – has said. Rishi Sunak’s calls to regulate AI can benefit the industry, nPlan founder Dev Amratia has said, by allowing startups to position themselves as “safe, [...]