Working group launches code of conduct for insurance market when using AI January 31, 2024 A collaboration between 127 experts, including the former UK COO of Aviva, has resulted in the creation of a code of conduct for the insurance industry for using AI. This initiative aims to establish and uphold “the highest standards of behaviour and ethical responsibility” when planning, designing, or utilising AI in the management and settlement [...]
Microsoft: Rising cost of AI could weigh on share price, analysts warn January 31, 2024 In the three months to December, Microsoft's revenue increased by 16 per cent to hit $62bn, roughly in line with expectations.
Samsung profits tumble 34 per cent after chip business hits rock bottom January 31, 2024 Samsung has reported a 34 per cent drop in operating profits in its four quarter and new lows for its chip business.
Moving markets: Five things shaping the FTSE 100 today January 31, 2024 Asia markets mirror Wall Street's decline; most AI stocks, including Microsoft, Alphabet, and AMD, tumble; China's January factory activity contracts; attention shifts to Fed and BOE policy meetings.
Rachel Reeves and Sadiq Khan tell City A.M. readers: ‘When you succeed, we all succeed’ January 31, 2024 Rachel Reeves and Sadiq Khan tell City A.M. that Labour will put the full weight of government behind the City and financial services
KPMG UK: Partner pay up despite profits slipping in 2023 January 30, 2024 KPMG UK's profit before tax dropped nearly 20 per cent in 2023, the firm reported today, as revenue growth slowed and staff costs increased.
Nvidia ranked second most popular stock by UK retail investors – but who came top? January 30, 2024 US chipmaker Nvidia was the second most popular buy among UK retail investors this month - but what was the most popular stock?
Moving markets: Five things shaping the FTSE 100 today January 30, 2024 Asian stocks stand firm in the wake of Wall Street's record highs, while oil prices surge amidst escalating Middle East tensions, shifting investor attention towards the Federal Reserve, Bank of England, and Q4 tech earnings.
Another UK snub: Cambridge spin-out eyes New York IPO as unicorn status beckons January 29, 2024 Life sciences startup Nuclera has said it is eyeing up a public listing in New York in the next five years as it approaches unicorn status.
Elon Musk’s X blocks searches for Taylor Swift after deepfakes cause fan uproar January 29, 2024 Elon Musk's X has barred searches for Taylor Swift following the spread of AI-generated explicit images of the pop star on the site.