‘Genie won’t go back in the bottle’ on artificial intelligence, says security minister April 20, 2023 Security minister Tom Tugendhat has said while he understands fears about artificial intelligence (AI), it would be misguided to pause further developments on the new technology. He also suggested that suspending the field could squander UK cybersecurity efforts. “Given the stakes, we can all understand the calls to stop AI development altogether,” he said, speaking [...]
Jeremy Hunt throws out concerns over job losses and insists UK needs to “win” AI race April 20, 2023 Jeremy Hunt said he doesn’t “buy” the argument that artificial intelligence (AI) could create job losses as he insisted the UK should push ahead in harnessing the technology. Speaking at the Politico TechUK launch event in London, the Chancellor said use of artificial intelligence in technology was crucial to tackling the UK’s “growth challenge,” as [...]
AI better than our staff, reckon half of business leaders – so what does that mean for jobs? April 19, 2023 NEARLY half of business leaders reckon AI could replace humans, new data out today shows, but experts think job losses caused by mass adoption of tools such as ChatGPT would be limited. Some 44 per cent of C-suite executives think AI could perform tasks to a similar or better quality than humans, according to a [...]
How AI is proving a virtual nightmare for Google boss who admits having ‘sleepless nights’ April 17, 2023 Google chief executive Sundar Pichai said the rapid advancement of artificial intelligence keeps him awake at night as he admitted society is not fully prepared for its advancement. In an interview with CBS’s Scott Pelley for the “60 minutes” programme, which aired on Sunday, Pichai said the technology could be harmful if it is not used [...]
Elon Musk working on AI tool to compete with ChatGPT April 16, 2023 Elon Musk is reportedly planning to launch an AI tool to rival OpenAI’s ChatGPT. The billionaire founder of SpaceX and Tesla is gathering a team of AI researchers and has acquired the graphics processing units needed to produce the AI tool, the Financial Times reported. Musk is also in talks with SpaceX and Tesla investors [...]
Spotify and Apple warned against letting AI access copyrighted songs April 12, 2023 Universal Music Group has warned streaming platforms to clamp down on artificial intelligence tools wielding copyrighted songs for training purposes. In a letter sent to streaming platforms such as Spotify and Apple, the music corporation expressed concern that AI tools would collect data from copyrighted songs available on the platform to train themselves to produce [...]
Why AI tools, like GPT, are now at the frontline of the City’s talent war? March 19, 2023 Major advancements in artificial intelligence (AI) technology are rapidly transforming the ways that law firms and accounting firms work. The world’s top professional services firms are now increasingly starting to use increasingly sophisticated AI tech in their everyday work. However, increased use of AI technology is not just the inevitable result of technological innovation, but [...]
PwC strikes deal with San Francisco startup to let lawyers and tax experts use AI chatbot March 15, 2023 PwC has struck a deal to start using an artificial intelligence (AI) chatbot to speed up work in its tax and legal divisions as the world’s top professional services firms increasingly look towards tech to boost efficiency. The accounting firm’s initial 12-month contract with San Francisco startup Harvey will see all 4,000 staff in PwC’s [...]
Monzo and Wise founders back £8.8m Robin AI robot lawyer project February 27, 2023 A City computing company has raised $10.5m (£8.8m) from backers including top execs from Magic Circle law firm Clifford Chance to develop an artificial intelligence (AI) driven, robot lawyer. The founders of fintech firms Monzo and Wise have also thrown their weight behind London’s Robin AI, which is seeking to disrupt the legal sector with [...]
Neeva eyes future London growth as part of wider European expansion February 15, 2023 Neeva founder and former Google ads boss Sridhar Ramaswamy has endorsed London as a world class place for tech innovation as he rolls out his AI-powered startup across Europe. Speaking with City A.M., the former Silicon Valley exec turned search-engine startup founder said being in places like London is “top of mind” for Neeva as [...]