AI companies are racing to rescue the NHS September 23, 2024 An official review by Lord Darzi revealed recently that the NHS is in “critical condition” following years of underfunding. The review found that the NHS is battling soaring demand, poor productivity, financial pressures and low staff morale. “It’s not just the state of our National Health Service in crisis – it’s also the state of [...]
Politicians should remember: the road to economic growth passes through the City September 23, 2024 Politicians need to prioritise and capitalise on the power of financial and professional services, writes Chris Hayward
London readies for Raspberry Pi’s first results as a public company September 22, 2024 Raspberry Pi's first set of results since its much-hyped London IPO will be in focus for UK investors this week in a test for the capital's reputation as a listing venue for tech firms.
Databricks opens first European HQ in London in bet on UK September 20, 2024 Data and AI giant Databricks is set to open its first official European headquarters in London, as it looks to cement the UK as a key market for growth. The company’s UK staff are set to move into the new Fitzrovia-based office on Monday, ahead of an official launch event on 3 October. While Databricks [...]
The Debate: Should firms use our data to issue health advice? September 19, 2024 Do you want Tesco to start giving you healthy food recommendations?
Tesco boss Ken Murphy: ‘The AI revolution is upon us’ September 18, 2024 Tesco boss Ken Murphy has said that personalised grocery offers like Tesco Clubcard could “nudge” consumers towards making healthier decisions and that the AI “revolution is upon us” in retail. The Tesco chief executive said that, for example, an AI programme could note someone’s high sodium intake and encourage them to buy lower-sodium and healthier [...]
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 [...]
UK tech faces talent exodus if founders are penalised by tax hikes September 17, 2024 Prime Minister Keir Starmer has promised that Chancellor Rachel Reeves’ first Budget will prioritise economic growth and wealth creation. But moves to hike taxes that will hurt Britain’s entrepreneurs are putting that pledge in doubt. As British businessman Sir Martin Sorrell warned in City A.M.: “Increasing capital gains tax, especially without index-linking or time apportionment, [...]
Microsoft: Tech giant announces mammoth buyback and hikes dividend September 17, 2024 Tech giant Microsoft has announced a new $60bn share buyback programme and hiked its quarterly dividend by 10 per cent. This new shareholder cash return replaces Microsoft’s previous $60bn programme, which was launched in 2021, and has no set expiration date. According to data from Birinyi Associates, the cash return is the third-largest repurchase scheme [...]
Labour’s agenda risks serious economic damage September 16, 2024 Labour ministers, and even large parts of the public, might not shed a tear over the loss of these remote, almost abstract, purveyors of high-end financial services, but they should.