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Apple hits $4tn market value as new iPhone models revitalize sales
Tech company’s stock enters positive territory for first time this year after gaining about 13% since new iPhone launches Apple topped $4tn (£3tn) in market value for the first time on Tuesday, joining Microsoft and Nvidia as the third company in history to hit the milestone, thanks to strong demand for its latest iPhones. Apple’s…
‘DeepSeek is humane. Doctors are more like machines’: my mother’s worrying reliance on AI for health advice
Tired of a two-day commute to see her overworked doctor, my mother turned to tech for help with her kidney disease. She bonded with the bot so much I was scared she would refuse to see a real medic This essay was originally published on Rest of world Every few months, my mother, a 57-year-old…
Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?
The world will be pushed into a recession, but perhaps we can build something more promising from the pieces The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way. Employment growth is stuck and wage growth is slowing, especially among low-paying jobs. Loan…
Tesla reports steep drop in profits despite US rush to buy electric vehicles
Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profits Despite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter. A rush to buy electric vehicles before a US tax credit for them disappears had boosted Tesla’s flagging sales, leading to…
‘Significant exposure’: Amazon Web Services outage exposed UK state’s £1.7bn reliance on tech giant
Cloud computing disruption highlights risk of deepening ties despite warnings from UK’s own regulators, including the Treasury Amazon chief executive Andy Jassy beamed as he met Keir Starmer in Downing Street’s garden to announce £40bn of UK investments in June. Starmer was equally effusive, gushing: “This deal shows that our plan for change is working…
Driverless cars are coming to the UK – but the road to autonomy has bumps ahead
Waymo plans London robotaxis as early as 2026, but the history shows hype, hesitation and a few missed turns The age-old question from the back of the car feels just as pertinent as a new era of autonomy threatens to dawn: are we nearly there yet? For Britons, long-promised fully driverless cars, the answer is…
Driverless taxis from Waymo will be on London’s roads next year, US firm announces
Cars with human safety drivers will appear in coming weeks as permissions are sought for fully autonomous rides Driverless taxis from Waymo will be available for hire on London’s roads next year, the US company has announced. The UK capital will become the first European city to have an autonomous taxi service of the kind…
UK MPs urged to investigate TikTok’s plans to cut 439 content moderator jobs
Trade unions and online safety experts sign letter warning jobs losses could expose children to harmful content Trade unions and online safety experts have urged MPs to investigate TikTok’s plans to make hundreds of jobs for UK-based content moderators redundant. The video app company is planning 439 redundancies in its trust and safety team in…
Trio win Nobel economics prize for work on technology-driven growth
Joel Mokyr has warned of ‘dark clouds’ amid Trump tariffs, while Philippe Aghion and Peter Howitt have written about role of ‘creative destruction’ Business live – latest updates Three experts in the power of technology to drive economic growth have been awarded this year’s Nobel prize in economics. Joel Mokyr of Northwestern University secured half…