Amazon opens £600m robot lab to speed up deliveries and improve efficiency April 11, 2024 Amazon has been busy developing a fleet of robots such as the Universal Robotic Labeller (URL) to help its staffers sort and pack products.
Polar Capital sees ‘positive momentum’ as market returns offset outflows for the fund manager April 11, 2024 Polar Capital, the specialist fund manager, has reported an uptick in assets under management (AuM) in the last quarter, as well as a period of net inflows, as it expects investors to seek more exposure to improving global equity markets.
Ad watchdog increasingly reliant on AI tech to screen social media for rule breaches April 11, 2024 The Advertising Standards Agency (ASA) used its AI monitoring system to process three million ads in 2023, the regulator revealed today.
Mike Lynch loses Darktrace board seat amid lawsuit controversy April 10, 2024 An analysis of the Darktrace shareholder register reveals that the Invoke’s holding has fallen below the level needed to appoint a director.
Hipgnosis boss calls for better copyright protection and pay for struggling musicians April 10, 2024 Hipgnosis boss Merck Mercuriadis has given evidence to a report which calls for better support and copyright protection for music artists.
Is there an AI bubble and will it burst? April 10, 2024 As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look
Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech April 9, 2024 During a Meta event, Nick Clegg also revealed that Llama 3, Meta's newest large language model (LLM), will be released within a month.
Trafigura: AI and data centre construction could lead to copper shortages April 9, 2024 Trafigura's chief economist said that an additional 1m tons of copper have not been factored into a lot of supply and demand balances.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring April 9, 2024 Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told City A.M., as the buy-now pay-later giant leverages the technology to reduce hiring costs.
Multiverse snaps up US-based AI software company Searchlight April 9, 2024 Multiverse plans to use Searchlight's technology to speed up the integration of generative AI and machine learning into its operations.