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‘Lab to fab’: are promises of a graphene revolution finally coming true?
Two decades after the material was first produced, some UK firms have reaped its potential but others are struggling After graphene was first produced at the University of Manchester in 2004, it was hailed as a wonder material, stronger than steel but lighter than paper. But two decades on, not every UK graphene company has…
Gen Z faces ‘job-pocalypse’ as global firms prioritise AI over new hires, report says
British Standards Institution study across seven countries found quarter of bosses believe entry-level tasks could be automated to reduce costs Young people entering the workforce are facing a “job-pocalypse”, as business leaders invest in artificial intelligence (AI) rather than new hires, according to a study of global business leaders. Bosses are prioritising automation through AI…
Bank of England warns of growing risk that AI bubble could burst
Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updates The Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies. Policymakers said there were also threats of a…
Leading UK tech investor warns of ‘disconcerting’ signs of AI stock bubble
James Anderson voices concern over soaring valuations of artificial intelligence firms A leading British tech investor has described soaring valuations of artificial intelligence companies as “disconcerting”, amid concerns of an AI stock market bubble. James Anderson was an early backer of Tesla, Amazon and China’s Tencent and Alibaba, generating vast returns for Baillie Gifford’s flagship…
Dyson’s profits fall by nearly 50% in ‘difficult’ year
Revenues down more than £500m after company cut more than a quarter of UK workforce Profits at Dyson nearly halved during a “difficult” year in which the home appliances business, founded by the billionaire Sir James Dyson, cut more than a quarter of its UK workforce. Dyson, which has been based in Singapore since 2019…