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 [...]
London can lead the financial world thanks to its command of artificial intelligence June 2, 2023 Despite some ringing alarm bells, London is still the leading financial centre. And much credit goes to its ability to harness new technologies like it has done with artificial intelligence, writes Gerald Chappell
Don’t fear an AI bubble – investor optimism is roaring back, says Hoberman June 1, 2023 A ballooning artificial intelligence (AI) bubble could be a “healthy” sign for the market and shows investor optimism is roaring back, according to one of Britain’s most prolific entrepreneurs.
Let’s be honest, we shouldn’t take those predicting the AI doomsday too seriously June 1, 2023 If you believe AI will destroy humanity, you're probably wrong. The real challenge is to regulate artificial intelligence safely without stifling innovation and growth, writes Matthew Lesh
AI ‘godfather’ feels ‘lost’ over life’s work after experts warn it could lead to extinction of humanity May 31, 2023 One of the “godfathers” of artificial intelligence (AI) has said he feels “lost” as experts warned the technology could lead to the extinction of humanity. Professor Yoshua Bengio told the BBC that all companies building AI products should be registered and people working on the technology should have ethical training. It comes after dozens of [...]
Spectacular froth in AI stocks, says top City strategist May 31, 2023 One analyst believes artificial intelligence represents the 'madness du jour' on global stock markets amid valuation spikes
The UK government needs equity stakes in AI firms to truly safeguard its citizens May 31, 2023 To ensure AI is scrutinised, the UK government should accept some intervention is needed and take on equity stakes in artificial intelligence firms to shape the future of the technology, writes Simon Neville
Sunak to meet Google boss for AI threat talks as regulation debate heats up May 25, 2023 Rishi Sunak and Google chief executive Sundar Pichai will reportedly meet tomorrow for talks on the threat posed by artificial intelligence (AI). The Prime Minister and tech boss will hold a private meeting on Friday, according to Sky News. Downing Street would not confirm the meeting to City A.M. and Google did not immediately respond [...]
London-listed firms face tougher fraud rules as watchdog prepares clampdown May 24, 2023 The bosses of London-listed firms are facing tougher scrutiny on fraud and financial reporting from 2025 after Britain's corporate governance watchdog proposed a slew of reforms today.