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Tech titans divided over whether to pay billionaire tax or flee California
State residents worth more than $1bn could face one-off, 5% tax to help fund education, food assistance and healthcare A battle is brewing in California over a plan to tax billionaires – with tech titans divided over whether they should pay up, or flee the state. Under a tax proposal that could be put to…
Nvidia CEO reveals new ‘reasoning’ AI tech for self-driving cars
Jensen Huang also announces at CES new, more powerful Vera Rubin chips that will arrive later this year The billionaire boss of the chipmaker Nvidia, Jensen Huang, has unveiled new AI technology that he says will help self-driving cars think like humans to navigate more complex situations. The world’s most valuable company is to roll…
Battery electric cars will overtake diesels in Great Britain by 2030, analysis suggests
London predicted to be the first UK city to go diesel-free, largely because of the ultra-low emission zone Battery electric cars are poised to overtake diesels on Great Britain’s roads by 2030, according to analysis that suggests London will be the first UK city to go diesel-free. The number of diesel cars on Great Britain’s…
The cost of AI slop could cause a rethink that shakes the global economy in 2026
Revenues may be rising rapidly, but not by nearly enough to cover the wild levels of investment under way The US dictionary Merriam-Webster’s word of the year for 2025 was “slop”, which it defines as “digital content of low quality that is produced, usually in quantity, by means of artificial intelligence”. The choice underlined the…
Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’
Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers. The move came as rules announced in November’s budget took effect, which adjusted how…
‘They sowed chaos to no avail’: the lasting legacy of Elon Musk’s Doge
The billionaire – who had no government experience – left various federal agencies in disarray while overseeing an ‘efficiency’ drive across Washington As Elon Musk, the world’s richest person, splurged more than $250m on Donald Trump’s 2024 re-election campaign, the US president commissioned his new ally to oversee a sweeping “efficiency” drive across the federal…
Elon Musk’s 2025 recap: how the world’s richest person became its most chaotic
How the tech CEO and ‘Dogefather’ made a mess of the year – from an apparent Nazi salute during his White House tenure to Tesla sales slumps and Starship explosions The year of 2025 was dizzying for Elon Musk. The tech titan began the year holding court with Donald Trump in Washington DC. As the…
‘Why should we pay these criminals?’: the hidden world of ransomware negotiations
Cybersecurity experts reveal what they do for high-profile clients targeted by hackers such as Scattered Spider They call it “stopping the bleeding”: the vital window to prevent an entire database from being ransacked by criminals or a production line grinding to a halt. When a call comes into the cybersecurity firm S-RM, headquartered on Whitechapel…
UK accounting body to halt remote exams amid AI cheating
Candidates will have to sit assessments in person unless there are exceptional circumstances, says ACCA Business live – latest updates The world’s largest accounting body is to stop students being allowed to take exams remotely to crack down on a rise in cheating on tests that underpin professional qualifications. The Association of Chartered Certified Accountants…
Louis Gerstner, man credited with turning around IBM, dies aged 83
Gerstner was chair and CEO at a time when the firm was struggling for relevance faced with rivals such as Microsoft Louis Gerstner, the businessman credited with turning around IBM, has died aged 83, the company announced on Sunday. Gerstner was chair and CEO of IBM from 1993 to 2002, a time when the company…