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AI could replace 3m low-skilled jobs in the UK by 2035, research finds
Trades, machine operations and administrative roles are most at-risk, says leading educational research charity Up to 3m low-skilled jobs could disappear in the UK by 2035 because of automation and AI, according to a report by a leading educational research charity. The jobs most at risk are those in occupations such as trades, machine operations…
Crypto market sheds more than $1tn in six weeks amid fears of tech bubble
Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boom Business live – latest updates More than $1tn (£760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading expectations for…
UK consumers warned over AI chatbots giving inaccurate financial advice
Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance Artificial intelligence chatbots are giving inaccurate money tips, offering British consumers misleading tax advice and suggesting they buy unnecessary travel insurance, research has revealed. Tests on the most popular chatbots found Microsoft’s Copilot and ChatGPT advised breaking HMRC…
Stock market sell-off continues, as Google boss warns ‘no company immune’ if AI bubble bursts – business live
Rolling coverage of the latest economic and financial news, as shares fall across Asia and bitcoin hits a seven-month low Europe’s major share indices are down by more than 1%, as the sell-off spreads across global markets. The UK’s FTSE 100 index fell by 0.9%. Germany’s Dax is down 1.3%, France’s CAC and Italy’s FTSE…
AI firms must be clear on risks or repeat tobacco’s mistakes, says Anthropic chief
Artificial intelligence will become smarter than ‘most or all humans in most or all ways’, says Dario Amodei Business live – latest updates Artificial intelligence companies must be transparent about the risks posed by their products or be in danger of repeating the mistakes of tobacco and opioid firms, according to the chief executive of…
UK firms can win a significant chunk of the AI chip market | John Browne
Britain’s legacy in chip design is world-class, and we could supply up to 5% of global demand if we get our act together The UK is in a uniquely promising position, far too little understood, to play a lucrative role in the coming era of artificial intelligence – but only if it also grabs the…
EU investigates Google over ‘demotion’ of commercial content from news media
Officials say some content created with advertisers is in effect not visible, which could mean unfair loss of revenue The EU has launched an investigation into Google Search over concerns the US tech company has been “demoting” commercial content from news media sites. The bloc’s executive arm announced the move after monitoring found certain content…
EU investigates Google over ‘demoting’ commercial content from news media
Officials say some content created with advertisers is in effect not visible, which could mean unfair loss of revenue The EU has launched an investigation into Google Search over concerns the US tech company has been “demoting” commercial content from news media sites. The bloc’s executive arm announced the move after monitoring found certain content…
Can OpenAI keep pace with industry’s soaring costs?
As investor jitters grow, the loss-making ChatGPT firm’s vast spending commitments test the limits of Silicon Valley optimism It is the $1.4tn (£1.1tn) question. How can a loss-making startup such as OpenAI afford such a staggering spending commitment? Answer that positively and it will go a long way to easing investor concerns over bubble warnings…
Tesla shareholders approve $1tn pay package for Elon Musk
Chants of ‘Elon’ erupt after compensation plan approved despite opposition from several high-profile investors Tesla shareholders approved a $1tn compensation plan for CEO Elon Musk on Thursday, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it. The pay package, which several…