Fraud ‘increasing national security threat’ thanks to AI, Lord Mayor warns September 5, 2023 Fraud is increasingly a threat to “national security” as advances in artificial intelligence serve to boost the chances of scammers, the Lord Mayor has warned. Nicholas Lyons, Lord mayor of the City of London, told the International Symposium on Economic Crime in Cambridge that addressing economic crime “must be seen as a foundation for a [...]
Sunak appoints UK Music chief as his new director of strategy August 31, 2023 UK Music chief executive Jamie Njoku-Goodwin is to step down from his role to become Rishi Sunak’s new director of strategy.
Don’t be TWaTs: Councils urged to dodge four-day week plans at risk of being ‘part time town halls’ August 31, 2023 Councils have been urged to swerve introducing four-day work week schemes in a bid to dodge “part-time town halls”. Campaigners at the Taxpayers Alliance (TPA) have written to every council leader in the UK asking them to pledge not to bring in a four-day work week. Many City firms have been accused of a Tuesday, [...]
To win back business, Sunak should tear up his current playbook August 31, 2023 Business and politics, politics and business. Dance partners, perhaps, but all too often to different tunes: whilst the private sector rips off a salsa the public sector can feel a lot more comfortable with a more staid two-step. Right now, however, it’s hard to get the two on the same floor, let alone dancing in [...]
UK creative industries under threat as AI won’t be subject to copyright rules August 30, 2023 The UK government is under mounting pressure to scrap plans that would grant artificial intelligence (AI) developers free access to use copyrighted artistic materials in training their AI algorithms. Last June, the government’s Intellectual Property Office (IPO) proposed a copyright exemption for the AI industry that would allow the unrestricted use of existing music, literature [...]
UK cybersecurity centre issues warning over use of AI chatbots August 30, 2023 British national security officials have warned organisations to take care when integrating artificial intelligence (AI) chatbots into their systems due to their susceptibility to manipulation and cyber risks. In a double blog post on Wednesday, the National Cyber Security Centre (NCSC) said all sectors should “exercise caution” when using large language models (LLMs), algorithms which [...]
Even millennials are becoming victims of ageism as Gen Z take over the office August 30, 2023 Younger workers are a safety blanket against the future for employers, but it can't come at the expense of valuing an experienced workforce, writes Eliza Filby
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Wall Street climbs to clinch its first winning week in a month August 26, 2023 Stocks rose on Friday to send Wall Street to its first winning week since July after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 climbed 29.40, or 0.7 per cent , to 4,405.71 after flipping between small gains and losses [...]
Wall Street wilts as yields rise ahead of speech by Federal Reserve chief Powell August 25, 2023 Wall Street has slumped despite a blowout profit report from Nvidia, following some mixed reports on the US economy. The S&P 500 dropped 1.3 per cent for its worst loss in three weeks. It nearly wiped out its gain for the week, which had been a bright spot in what has been a rough August. [...]