Latest posts
Anthropic raises $30bn in latest round, valuing Claude bot maker at $380bn
Maker of chatbot with coding ability says annualised revenue grew tenfold in each of past three years, to $14bn Anthropic, the US AI startup behind the Claude chatbot, has raised $30bn (£22bn) in a funding round that more than doubled its valuation to $380bn. The company’s previous funding round in September achieved a value of…
Share values of property services firms tumble over fears of AI disruption
But, after second day of Wall Street falls, analysts say sell-off ‘may overstate AI’s immediate risk to complex deal-making’ Shares in commercial property services companies have tumbled, in the latest sell-off driven by fears over disruption from artificial intelligence. After steep declines on Wall Street, European stocks in the sector were hit on Thursday. Continue…
The big AI job swap: why white-collar workers are ditching their careers
As AI job losses rise in the professional sector, many are switching to more traditional trades. But how do they feel about accepting lower pay – and, in some cases, giving up their vocation? California-based Jacqueline Bowman had been dead set on becoming a writer since she was a child. At 14 she got her…
Telstra joint venture to axe more than 200 jobs amid AI rollout
Some jobs will be moved offshore in wake of telco’s $700m partnership with tech consultancy Accenture Get our breaking news email, free app or daily news podcast More than 200 Telstra jobs are expected to be cut, as the telco rolls out AI capabilities and sends some jobs to India. Telstra and the technology consultancy…
Battle of the chatbots: Anthropic and OpenAI go head-to-head over ads in their AI products
New Anthropic campaign suggests other AI platforms will incorporate targeted ads in their chatbot conversations The Seahawks and the Patriots aren’t the only ones gearing up for a fight. AI rivals Anthropic and OpenAI have launched a war of ads trying to court corporate America during one of the biggest entertainment nights of the year.…
Deepfake fraud taking place on an industrial scale, study finds
AI content for scams can be targeted at individuals and ‘produced by pretty much anybody’, researchers say Deepfake fraud has gone “industrial”, an analysis published by AI experts has said. Tools to create tailored, even personalised, scams – leveraging, for example, deepfake videos of Swedish journalists or the president of Cyprus – are no longer…
What does the disappearance of a $100bn deal mean for the AI economy?
Apparent collapse of Nvidia–OpenAI tie-up raises questions about circular funding and who will bear the cost of AI’s expansion Did the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all. This was a circular…
Women in tech and finance at higher risk from AI job losses, report says
‘Mid-career’ female workers also being sidelined by rigid hiring processes, says City of London Corporation Women working in tech and financial services are at greater risk of losing their jobs to increased use of AI and automation than their male peers, according to a report that found experienced females were also being sidelined as a…