Cleverly calls for global cooperation at first UN Security Council meeting on AI July 18, 2023 James Cleverly called for global governance of artificial intelligence as it “knows no borders” at the first UN Security Council meeting on the issue. The Foreign Secretary said the technology would “fundamentally alter every aspect of human life” and could “enhance or disrupt global strategic stability”. The UK chaired the first UN Security Council session on the [...]
England eclipses hosts and holders for Women’s World Cup fever July 18, 2023 Women’s World Cup fever is set to hit hardest in England — ahead of holders the USA and co-hosts Australia, according to a new global fan survey. Awareness of the tournament, which kicks off on Thursday in New Zealand, is highest in England, where 66 per cent of people know about the Women’s World Cup. That [...]
Bitcoin dips below key level July 18, 2023 Bitcoin dipped by less than 1% to trade a notch below $30,000 this morning. Ether followed and is down by 1.6%.
UK optical chip company Optalysys bags £21m in funding for ‘groundbreaking’ encryption tech July 17, 2023 A UK chip designer has secured £21m in a Series A round of investment as it looks to enhance its “groundbreaking” data-sharing security that could pave the way for new levels of encryption able to defend users even from quantum computer-using hackers. Leeds-based Optalysys has secured the funding led by investment companies Lingotto and Northern [...]
National Audit Office launches probe into FCA as regulator sizes up crypto and AI July 17, 2023 The National Audit Office (NAO) has launched a probe into the functions of the City regulator as its remit swells to take on oversight of technologies like cryptoassets and artificial intelligence.
Crypto markets idle following last week’s flurry of trading activity July 17, 2023 Bitcoin is trading below $30,300 this morning, moving sideways along with the majority of other crypto markets.
Tax advisors want AI to perform manual tasks despite ‘trust gap’ on privacy July 17, 2023 More than half of UK tax professionals want to use artificial intelligence tools to help with their daily tasks, new survey data has revealed. The study, conducted by Thomson Reuters, found that 12 per cent of UK tax professionals surveyed were either using or planning to integrate ChatGPT or other forms of generative AI into [...]
The hot pink Barbiemania sweeping London is a genius way to tap into our nostalgia July 17, 2023 The new Barbie Movie will spur new franchise opportunities for Mattel. The genius pre-movie campaign is turning London into a pink paradise and could bring back customers, writes Kurt Stuhllemmer
Our legal system is a bastion of Britain but it needs reform and yes, even AI July 17, 2023 The rule of law is crucial for the City’s global business reputation but the industry must also work with technological advances like AI.
BT boss Jansen pins share price slump on ‘short-term’ London investors July 16, 2023 BT's outgoing boss Philip Jansen has blamed a 'short term' outlook in London for his firm's lengthy share price slump in a defence of his tenure at the top of the telecoms giant.