The Notebook: Ben Roback takes the political temperature, investigates e-waste and reveals a secret swim spot August 17, 2023 Turning down the political temperature, for now… The long, hot summer we all hoped for hasn’t exactly materialised. Politically, the temperature seems equally mild. Rishi Sunak and Sir Keir Starmer disagree widely, but you get the distinct feeling a base level of respect exists between the two men. Putting politics to one side, they could [...]
Sunak’s global AI safety summit plans ‘vague’ despite provisional autumn date August 16, 2023 The government is yet to announce details for its global AI safety summit, which it is planning to hold in the UK later this year. In June, Prime Minister Rishi Sunak announced the UK’s plans to host the first major global summit on AI safety in autumn this year. Speaking at London Tech Week, Prime [...]
Bitcoin and Ethereum dip as altcoins slip into the red August 16, 2023 Bitcoin is sitting above $29.1k while Ethereum is trading around the $1.8k mark, both down by around 1% on the day.
India remains an untapped source of wealth for future UK trade and tech prosperity August 16, 2023 There are clear economic benefits that we could reap from bilateral trade with India, as well as exciting technological opportunities, writes Constantin Cotzias
Crypto doldrums rumble on as investors wait for signals August 15, 2023 Bitcoin continues to trade around $29.3k while Ethereum drifts along at $1.8k as the cryptocurrency markets fall stagnant.
UK banks handling interest rates better than US counterparts – but are lagging on AI August 15, 2023 UK financial services execs are coping better with the bleak market conditions compared to their US counterparts, according to a study by New York-listed Fidelity National Information Services (FIS). While 91 per cent of financial services company executives in the US have expressed that soaring interest rates have been hampering their investments, only 78 per [...]
Vetting fail allows $1bn OpenAI hoax onto regulated news service August 15, 2023 The London Stock Exchange was left red faced yesterday after a fake announcement popped up on its official channel purporting to reveal a $1bn investment into ChatGPT owner OpenAI. The fictitious press release appeared on the exchange’s news platform, where listed firms post regulated updates, falsely claiming that US private equity firm Ripplewood had made [...]
Most European financial services bosses wary of ‘unintended consequences’ of AI August 14, 2023 A new survey has revealed the extent to which chief executives of European financial services companies are concerned about the potential dangers of AI. The latest EY CEO Outlook Pulse Survey has revealed that 63 per cent of financial services bosses are concerned not enough is being done to manage the “unintended consequences” of artificial [...]
Apple supplier Foxconn cautious despite beating earnings forecasts August 14, 2023 Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector – but the firm retained a cautious outlook for this year due to global economic uncertainties. The world’s largest contract electronics maker downgraded its outlook for full-year revenue to a slight decline from a previous guidance of flat as it [...]
Anthropic secures $100m boost from SK Telecom for new AI venture August 14, 2023 Anthropic, the US artificial intelligence startup founded by ex-OpenAI luminaries, is set to receive $100m (£78.7m) in backing from South Korean telecoms company SK Telecom (SKT). The cash injection will fund the creation of a multilingual large language model (LLM), jointly developed by Anthropic and SKT, according to an announcement made by the telecoms giant [...]