Zoom revamps business model to recover from post-pandemic slump July 11, 2023 Zoom is determined to bounce back from a post-pandemic slump by revamping its business and product offerings, a top boss at the firm has said. “People have got used to a different lifestyle,” necessitating a fresh approach from Zoom, Frederik Maris, head of EMEA at Zoom, told City A.M. Beyond video meetings, Zoom is now [...]
BA boss to steer airline off cost-cutting course in attempt to save summer season July 9, 2023 British Airways (BA) boss Sean Doyle is determined to salvage the summer season for the airline as it attempts to recover from a series of setbacks and poor customer service under former chief exec Alex Cruz. Doyle has set his sights sky-high in a comprehensive overhaul of the carrier’s operations as he looks to “rebuild [...]
Hillingdon Is The UK’s Newest AI-ready Borough July 6, 2023 Artificial intelligence is the buzzword for 2023. Since ChatGPT’s arrival in late 2022, the concept of generative AI has exploded into the public consciousness, and adoption is rocketing. The platform racked up 100 million monthly active users in January, just two months after launch, which makes it the fastest-growing consumer application in history. It is [...]
Mission Impossible: Tom Cruise is back but this franchise is showing its age July 5, 2023 Barbie vs Oppenheimer may be the summer showdown everyone’s talking about, but one movie legend would like to remind you that he’s back. Despite some occasional headline-grabbing bouts of odd behaviour, Tom Cruise is one of the last true movie stars, someone who can get crowds to turn up based on his name alone. But [...]
Meet the AI ‘pioneers’ behind Britain’s biggest infrastructure projects July 4, 2023 Businesses can benefit from artificial intelligence (AI) regulation creating “trusted brands”, the man using the technology to power the restoration of parliament – among other major infrastructure projects – has said. Rishi Sunak’s calls to regulate AI can benefit the industry, nPlan founder Dev Amratia has said, by allowing startups to position themselves as “safe, [...]
The Notebook: Grasp’s Richard Karlsson on M&A, AI and financial research July 4, 2023 Every day we hand the notebook keys to City movers and shakers. Today, it’s Richard Karlsson, CEO and Co-founder of Grasp, the Stockholm-headquartered startup behind the first AI assistant automating financial research Last week, Goldman Sachs lost its first-place M&A advisory ranking for the first time in five years. This provides a timely opportunity to [...]
We should teach with AI tools in schools so students learn how to use them ethically July 4, 2023 Artificial intelligence will soon become a staple of everyday life. So university students should learn how to use it, analyse it and critique it - exactly like they do with their peers, writes Amelia Peterson
Management consultants boosted by firms flocking to AI as revenues surpass £18bn July 3, 2023 Companies scrambling to unlock benefits from implementing artificial intelligence (AI) and digital tools into their business to steal a march on competitors has boosted UK management consultants’ income, a new report has found. Growing demand among firms for external experts lifted the UK management consultancy sector’s income to £18.6bn last year, up from £14.4bn in [...]
‘Lean in’ to artificial intelligence, education secretary urges firms June 29, 2023 Businesses need to “lean in” to the power of artificial intelligence (AI), education secretary Gillian Keegan has said. The education secretary told City A.M. indulging in fears about AI wiping out jobs and opportunities was unproductive. Asked whether she was concerned about the impact of the new technology such as ChatGPT and Bard altering or [...]
What we were able to change with the Financial Services and Markets Bill – part three June 29, 2023 Part three: Lord Holmes addresses his proposals on artificial intelligence that were not accepted by the Government.