Nationwide turns to AI after adverts starring Dominic West banned April 10, 2024 Nationwide has turned to AI in a bid to avoid any further entanglements with a UK watchdog after its adverts starring Dominic West were banned for being misleading.
THG making ‘material progress’ as tech firm’s boss hails 2023 EBITDA growth April 10, 2024 Cult Beauty and Myprotein owner THG saw adjusted EBITDA growth of almost 50 per cent in 2023 compared to the year before, it told markets in a statement this morning.
Is there an AI bubble and will it burst? April 10, 2024 As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look
AI will produce Britain’s first trillion-pound company April 10, 2024 It’s often claimed that there are no votes in AI, but with the opportunities presented by new technology, this could be the most exciting and expansive time to be in government, says Benedict Macon-Cooney Too much time and energy has gone into the Prime Minister’s AI strategy when “there isn’t a single vote in it,” [...]
Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech April 9, 2024 During a Meta event, Nick Clegg also revealed that Llama 3, Meta's newest large language model (LLM), will be released within a month.
Spotify to hike price of ad-free premium service to almost £12 April 9, 2024 A Spotify spokesperson told City A.M. they did it “so that we can keep innovating and delivering value to fans, the music industry, and creators on our platform, we occasionally update our prices".
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Trafigura: AI and data centre construction could lead to copper shortages April 9, 2024 Trafigura's chief economist said that an additional 1m tons of copper have not been factored into a lot of supply and demand balances.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring April 9, 2024 Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told City A.M., as the buy-now pay-later giant leverages the technology to reduce hiring costs.
Multiverse snaps up US-based AI software company Searchlight April 9, 2024 Multiverse plans to use Searchlight's technology to speed up the integration of generative AI and machine learning into its operations.