Spectacular froth in AI stocks, says top City strategist May 31, 2023 One analyst believes artificial intelligence represents the 'madness du jour' on global stock markets amid valuation spikes
Sunak to meet Google boss for AI threat talks as regulation debate heats up May 25, 2023 Rishi Sunak and Google chief executive Sundar Pichai will reportedly meet tomorrow for talks on the threat posed by artificial intelligence (AI). The Prime Minister and tech boss will hold a private meeting on Friday, according to Sky News. Downing Street would not confirm the meeting to City A.M. and Google did not immediately respond [...]
London AI firm bags $250m injection led by Qatari sovereign wealth fund May 23, 2023 A London-based artificial intelligence firm has announced a $250m cash injection led by the Qatari sovereign wealth fund today as investors rush to capitalise on a boom in AI technology.
Google boss Sundar Pichai warns AI is ‘too important not to regulate’ May 23, 2023 Artificial Intelligence (AI) is too important not to regulate and the US and EU must work together to develop “robust” rules to guide the growth of the powerful new technology, Alphabet’s boss Sundar Pichai said today.
History shows AI will create more jobs than it destroys, Deutsche Bank analysts argue May 22, 2023 Analysts at Deutsche Bank have become the latest experts to argue that AI will create more jobs than it destroys. In a note examining the history of technological advancement, Deutsche Bank’s Henry Allen and Jim Reid investigate the historical response to technological breakthroughs. Looking at long-term unemployment data, the analysts point out that changes in [...]
The Notebook: Symphony CEO Brad Levy on getting clear on Whatsapp, Revolut’s regulatory woes and using AI May 22, 2023 The Notebook is a daily column where interesting people say interesting things. Today, CEO of Symphony Brad Levy writes ahead of Symphony Innovate conference on 23 May. Message received: Time for UK banks to get clear on Whatsapp In the last year, multiple banks in the US have paid a high price for staff use [...]
AI will have ‘bigger economic impact’ than Industrial Revolution, expert predicts May 14, 2023 Emerging AI technologies will have a bigger impact on the global economy than the Industrial Revolution, a leading expert has predicted. Emad Mostaque, the founder of Stability AI, the maker of a free AI-image generating tool Stable Diffusion, has suggested artificial intelligence (AI) will be bigger than Google and Facebook within a decade. Speaking on [...]
Supertool: S4’s Sorrell says AI ‘more effective than a 25-year-old media buyer’ May 11, 2023 S4’s chairman Sir Martin Sorrell is optimistic about the future of AI as his advertising agency embraces it to supercharge their productivity and reach. Sorrell said S4 had already seen an increase in viewing metrics because AI was helping employees speed up ad copywriting and aggregate data that makes it easier to hyper-personalise and target [...]
Pearson integration of AI appears to excite investors as share price rises May 9, 2023 Educational publisher Pearson is embedding AI across its products as the AI race heats up and the technology encroaches on the edtech sector. The London-based publisher said on Tuesday that projects to embed generative artificial intelligence (AI) technology — meaning tools which can create new content from large data sets — were already “well underway.” [...]
AI doing the work of over 200 people at Octopus, chief executive says May 8, 2023 Octopus Energy customers are more satisfied with AI bots answering their emails than humans, the energy provider’s chief executive revealed on Monday. Writing in the Times newspaper, the energy company’s chief executive, Greg Jackson, said the technology was doing the work of 250 people by answering customer emails and had received a 80 per cent [...]