BT boss Jansen bags £1.8m bonus as group plans to slash workforce June 8, 2023 BT has revealed its boss took home a £1.8m bonus last year as the telecoms giant plans to shed up to 55,000 jobs by the end of the decade. Philip Jansen, the group’s chief executive, secured the annual bonus despite the firm’s sweeping cost-cutting plans raising the alarm among unions. He bagged the £1.8m in [...]
Sunak in DC: Britain to host AI summit amid creators’ ‘nuclear war’ risks June 8, 2023 The UK will host the first global summit on artificial intelligence (AI) safety, Rishi Sunak announced ahead of talks on the issue with Joe Biden. The summit, which will be held in the autumn, will consider the need for international co-ordinated action to mitigate the risks of the emerging technology. Ahead of Thursday’s meeting with [...]
Explainer: What if Ben Wallace becomes NATO chief? June 7, 2023 Rishi Sunak is in the United States to meet with President Joe Biden for the fourth time this year. His agenda is packed, and the main topic of discussion with Biden is expected to be artificial intelligence. Indeed, Sunak hopes to drum enthusiasm up for the UK as a global leader in AI regulation. Although [...]
The Notebook: Gavin Poole on AI, London’s esports crown and virtual reality skills June 7, 2023 The Notebook is where interesting people say interesting things. Today, it’s Gavin Poole, chief executive of Stratford tech hub Here East. Friend or foe? Why we should avoid snap calls on the future of artificial intelligence Last week, almost every front page of our national newspapers quoted the ‘AI pioneers’ warning us that AI advancements [...]
The Notebook: Here East’s Gavin Poole on AI, esports and Tech Week June 7, 2023 The notebook is a place for interesting people to say interesting things. Today, it's Gavin Poole, CEO of Stratford tech hub Here East
There will be winners and losers from AI – but we must embrace it, not shun it June 7, 2023 AI will benefit some people and their jobs while replacing others - like all historic innovations. But if regulated safely, it will prove ground-breaking in many areas, including education, writes Guy Hands
Microsoft rallies behind licensing regime for AI firms to ensure safety June 6, 2023 The president of Microsoft has called for a licensing regime for artificial intelligence firms, arguing that such a system would be needed to ensure AI models are used safely. “There is some category of models that is so powerful, so impactful, there will need to be certain regulations and laws – new regulations and laws [...]
London based IQ Capital raises $400m to fuel ‘deep tech’ AI and robotics startups June 5, 2023 London-based venture investor IQ Capital has bagged $400m across two funds today as it looks to ramp up its investment in ‘deep tech’ start-ups across areas including artificial intelligence (AI) and robotics.
Wall Street leaps after strong US jobs report June 3, 2023 Stocks moved higher on Friday after a strong report on the US job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5 per cent for the latest surge in a rally that has vaulted it nearly 20 per cent since mid-October. That put Wall Street’s [...]
Wall Street rises on hopes the Fed may take it easier on rate hikes June 2, 2023 Wall Street rose on Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 rallied 1 per cent after a suite of reports painted a picture of a split US economy. The job market remains solid, but manufacturing is weakening and retailers are seeing [...]