Trump-Starmer: UK may dodge tariffs as work to begin on new US trade deal February 27, 2025 The UK could be set to dodge US tariffs with work to begin on a new US-UK trade deal, it was revealed during Sir Keir Starmer’s visit to US President Donald Trump. The Prime Minister flew to the States yesterday for a highly anticipated first meeting with President Trump since he reentered the White House [...]
Question the hype: AI still faces huge barriers February 27, 2025 AI models have developed at a pace that was unimaginable just two years ago, but there are three big barriers to further progress, says Lewis Z Liu As the current revolution in artificial intelligence accelerates, it is more important than ever for society to engage in a well-informed debate about this technology. Through this column, [...]
Nvidia faces market test post DeepSeek chaos February 26, 2025 Nvidia is set to release its highly anticipated fourth-quarter earnings today at market close in the US, its first financial update since the emergence of China’s DeepSeek model. With expectations running high, investors will be scrutinising the results for any signs of slowing momentum or continued dominance in the AI boom. DeepSeek’s recent boom sent [...]
Half of UK financial firms lack AI strategy, despite feeling ‘AI-ready’ February 26, 2025 There is a significant gap between confidence and action in artificial intelligence (AI) adoption across the UK financial sector, a new report has found. Professional services firm Forvis Mazars‘ report revealed that while all surveyed C-suite executives claim to be “AI-ready”, only 43 per cent of firms have a well-developed AI strategy. Meanwhile, just over [...]
UK government aligns with US with AI regulation delays February 25, 2025 The UK government has postponed its plans to introduce legislation regulating artificial intelligence (AI), as ministers reassess their approach in light of the US’s de-regulatory stance on AI. The proposed bill aimed to require AI companies to submit large language models (LLMs), like OpenAI’s ChatGPT, for testing by the UK’s AI safety institute. It was [...]
UK banks differ from US on AI strategy February 20, 2025 Banks in the UK are more likely to focus artificial intelligence (AI) strategy on improving customer experience compared to their US rivals, a new report has revealed. NTT Data’s ‘Intelligent Banking in the Age of AI’ found 52 per cent of UK banks were using AI to enhance customer services, rather than cut jobs. This [...]
X looks to raise $44bn in valuation as Musk woos investors February 19, 2025 Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly known as Twitter, in 2022. Bloomberg News reported on Wednesday that talks for this new funding round remain preliminary, and that the terms could either [...]
UK businesses are struggling to implement AI. Here’s why February 19, 2025 It has been claimed that artificial intelligence (AI) could contribute £200bn to the UK economy. Yet, businesses are struggling with adoption due to a lack of expertise, high costs, and regulatory concerns. A survey by digital transformation company ANS and Yougov of over 1,000 IT decision-makers cited the UK’s skills gap as the leading barrier [...]
Elon Musk’s xAI takes on rival OpenAI with new bot February 18, 2025 Elon Musk’s artificial intelligence (AI) company, xAI, has officially launched its new chatbot, escalating competition with its generative rivals such as OpenAI, Google’s Gemini and Microsoft’s Copilot. The model, Grok-3, was officially launched on Tuesday and is set to be the tech giant’s most powerful AI chatbot yet. Tech titan and chief executive Musk labeled [...]
UK savers back AI on pensions, but ‘not as a substitute for humans’ February 12, 2025 UK savers are open to artificial intelligence (AI) playing a key role in pension customer support. But, most would rather have a combination of AI and human interaction, rather than a fully automated system. A recent survey by pension scheme provider PensionBee found that of its 1,000 participants, 79 per cent favoured a hybrid approach. [...]