Divergence forming between Bitcoin and Ethereum June 29, 2023 Bitcoin continues moving to a metronomic beat as it starts the morning around $30,400, as it’s done for much of the week.
Uhoh: Oxford study shows AI really can pick funds better than humans June 29, 2023 An Oxford University study suggests that artificial intelligence and machine learning can pick private equity funds that deliver above-average returns
Salesforce warns need to train workers in AI has ‘never been more urgent’ June 29, 2023 Companies urgently need to train staff how to use artificial intelligence tools effectively and safely, Salesforce’s UK & Ireland chief told City A.M. Chief executive Zahra Bahrololoumi said the need for “highly skilled people” who can use trustworthy data sources and protect sensitive data has “never been more clear nor urgent”. The comments come as [...]
Traditional media revenue streams won’t stand a chance in a race with AI June 29, 2023 If social media challenged the traditional advertising revenue of media organisations, artificial intelligence threatens to annihilate it, writes Dominic Young.
‘Get the companies under control!’: Microsoft president tells UK to get AI safety in order June 28, 2023 Microsoft president Brad Smith has reiterated that the UK needs to prioritise AI safety in its quest to become a global leader in new technologies. “Let’s get the companies under control”, Smith said, speaking at a packed Chatham House event on Wednesday afternoon, where he argued that a licensing regime is necessary on both a [...]
One Media reports revenue jump as copyright detection tool takes off June 28, 2023 One Media today reported a 15 per cent jump in revenue as its new copyright detection technology proves increasingly popular. The AIM-listed digital media rights group saw its revenue increase to £2.7m in the first half of last year, up from £2.4m for the same period last year. Some £2.5m of this revenue were driven [...]
Bitcoin holds firm while smart contract cryptocurrencies fall deeper into the red June 28, 2023 Bitcoin continues to hold above $30,000 this morning after investors once again tested the $31k level.
PwC set to hand 25,000 junior staff a real-terms pay cut – despite FRC plea to give them more June 28, 2023 Big four firm PwC has reportedly told its junior auditors their pay is going to be frozen, amid concerns it will make the industry less attractive. According to reports in the FT, around 25,000 staff members are set to get lower pay rises, with the accountancy giant citing the challenging market conditions and pay rises’ [...]
London fintech Upp. pockets $10m as it eyes global expansion June 27, 2023 London-based fintech Upp. has secured $10m (£7.8m) in seed funding as its artificial intelligence and machine learning model wins over investors. The startup, which uses AI to automate online retail, has garnered support in a funding round spearheaded by Californian venture capital firm Bonfire Ventures. Mark Mullen, co-founder of Bonfire Ventures, said Upp. is “the [...]
Bitcoin and Ethereum trundle along sideways as BlackRock pivot runs out of steam June 27, 2023 Bitcoin is trading well above $30k this morning - a level that was tested yesterday as BTC bounced back from a dip to $29.900.