Microsoft: Tech giant makes splash by tapping Deepmind founder to run AI division March 19, 2024 Microsoft has hired the co-founder of Google’s Deepmind, Mustafa Suleyman, to head up its new Artificial Intelligence division, the technology firm said this evening.
Low-productivity public services need ‘revolution’ to avoid cuts, Hunt says March 19, 2024 Hunt said the "only" way this could be delivered without cuts to public services was if there was a "productivity revolution".
FCA eyes fresh clampdown with ‘game changing’ consumer duty and beefed up AI March 19, 2024 The Financial Conduct Authority (FCA) said it is looking to tighten enforcement of its “game-changing” consumer duty rules and will ramp up its use of artificial intelligence today as it laid its priorities for the year ahead.
Time for tea? Barack Obama visits Rishi Sunak at No10 March 18, 2024 Former US president Barack Obama has met with Rishi Sunak in a “courtesy visit” to Downing Street.
Japan funds boom as stock market hits record high March 16, 2024 The Japanese stock market reached a 34-year high last month, and investors in the Asian market are getting the best news they’ve heard in decades. The Japanese Nikkei 225 has risen 42.5 per cent over the last year, compared to the 1.2 per cent growth in the FTSE 100 over the same period. Last month, [...]
FTSE 100 today: London markets to open lower amid global weakness, Wall Street tech decline March 15, 2024 Asian stock markets faced downward pressure due to a tech-driven slide, while Bitcoin plummeted by 4%. Chinese home prices dropped amid a worsening property market, with the PBOC maintaining key rates unchanged. Investors are now eyeing upcoming U.S. data releases for economic insights.
EU AI Act: What does it mean for UK business post-Brexit? March 14, 2024 The EU AI Act, aimed at controlling AI systems on a risk-based approach, gained an overwhelming majority in favour, with 523 votes.
Legal and General hits out at Apple’s plan to keep AI use secret March 13, 2024 Legal and General Investment Management (LGIM) has announced it plans to vote against Apple's use of AI at its upcoming annual meeting.
Targeting non-doms was a cheap hit the Chancellor will regret March 13, 2024 The ultra-wealthy may be an easy target, but the government is sending a signal that playing politics matters more to them than securing investment, says James Price he temptation to play politics is often an irresistible one around fiscal events, and with the twin straitjackets of the Office for Budget Responsibility and a looming election, [...]
UK economy nearly a third smaller thanks to ‘catastrophically bad’ productivity slowdown March 12, 2024 Since the financial crisis, productivity growth in the UK has slowed significantly from its pre-2008 trend and has fallen behind international peers.