Six things we learned from Warren Buffett after Berkshire Hathaway’s annual meeting: From AI and driverless cars to what happens if the sage of Omaha dies May 7, 2017 The sage of Omaha Warren Buffett took to the stage at the Berkshire Hathaway annual general meeting along with right hand man Charlie Munger. And the ever straight talking star investor did exactly that, discussing how he missed out on some of the biggest tech bets in recent years and what happens when he’s no [...]
Automation and AI are going to make many jobs redundant: Here’s how to stop a robot taking your job April 25, 2017 The power of technology to create upheaval in the global job market has never been felt more acutely. The accompanying anxiety that increasingly intelligent machines will eliminate jobs across practically every sector continues to fuel conversations among employees that the future is uncertain. The move towards smart cities and smart workforces is already in motion: [...]
Babylon Health raises £50m to perfect its AI doctor April 25, 2017 British tech firm Babylon Health has raised $60m (£46.82m) in its mission to create the perfect AI doctor. Its app, which is used by 800,000 people, allows patients to text symptoms to artificial intelligence software and receive advice. The technology is currently being trialled by the NHS in London as an alternative to the non-emergency [...]
London fintech startup investment is on the rebound in the first quarter of 2017 thanks to Funding Circle, Monzo and Currencycloud deals April 20, 2017 Investment into fintech startups in London is on the rebound, fresh figures seen exclusively by City A.M. suggest. Startups working in the hot tech space attracted £177m in funding in the first three months of the year, more than any quarter in 2016 and its highest since the second quarter of 2015. It comes after [...]
Up to 30pc of jobs are at risk of being replaced by automation by 2030 – but it’s not all bad March 24, 2017 As many as a third of all jobs in the UK are at risk of being lost to machines within the next 15 years, fresh research reveals. However, it’s likely that technologies related to artificial intelligence will create new jobs, according to the research from PwC, and automation will boost productivity and wealth overall, offsetting [...]
Why banks should say thanks to fintech startups March 22, 2017 A perfect storm of financial crisis and technological advances paved the way for a flurry of fintech activity. The sector has seen growing investment and is maturing as traditional finance houses wake up to the challenge of digital rivals. Anna Scally, partner and head of KPMG’s fintech practice in Dublin, offers several explanations why the [...]
Roboshop: How Morrisons is using artificial intelligence to stock its shops March 20, 2017 Morrisons is using artificial intelligence to stock its stores in a bid to improve efficiency and customer service. The supermarket is rolling out a system from tech firm Blue Yonder that uses artificial intelligence and machine learning to predict exactly what is needed in each of Morrisons' 491 stores. Read more: Amazon is looking for [...]
It looks like DeepMind’s founders Demis Hassabis and Mustafa Suleyman are paying it forward in European tech March 19, 2017 The founders of DeepMind appear to be paying it forward after finding huge success with their own startup which sold to Google for £400m. Demis Hassabis and Mustafa Suleyman are reportedly forming a network of "super angel" investors across Europe to invest in other startups at the early stage. Read more: Google's DeepMind talks with National Grid to [...]
Editor’s Notes: Only a lack of ambition can hold Britain back, says the Legatum Institute’s researcher tasked with finding the upside of the Brexit vote March 17, 2017 Britain faces an enormous challenge in the wake of Brexit, but the prize is more than worth the fight. That’s according to one experienced former trade negotiator who now finds himself at the heart of the UK’s trade debate. Shanker Singham is director of economic policy and prosperity studies at the Legatum Institute in London. He’s [...]
The augmented workforce isn’t coming – it’s already here: Are you ready? March 15, 2017 Digital technology is moving at an unprecedented speed, raising some of the most difficult social, political and ethical questions of our time. Along with disrupting the way we live our lives, it’s fundamentally rewriting the rules of work. Deloitte’s human capital trends survey reveals that despite being the top priority for nine in 10 UK [...]