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All Amazon Fresh stores in UK to close
Company confirms plan to shut 19 shops with stronger focus on Whole Foods outlets after concept of stores without tills fails to catch on Business live – latest updates Amazon is preparing to shut down all of its Amazon Fresh stores in the UK, just four years after the US tech company launched its first…
More Britons view AI as economic risk than opportunity, Tony Blair thinktank finds
TBI says poll data threatens Keir Starmer’s ambition for UK to become artificial intelligence ‘superpower’ Nearly twice as many Britons view artificial intelligence as a risk to the economy than regard it as an opportunity, according to Tony Blair’s thinktank. The Tony Blair Institute warned that the poll findings threatened Keir Starmer’s ambition for the…
Inside the Jaguar Land Rover hack: stalled smart factories, outsourced cybersecurity and supply chain woes
Being a carmaker where ‘everything is connected’ has left JLR unable to isolate its plants or functions, forcing a shutdown of most systems The first external signs of the chaos about to hit JLR, Britain’s largest automotive employer, came on the quiet last Sunday of August. Managers at a factory in Halewood, Merseyside, told industry…
Nvidia to invest $5bn in Intel after Trump administration’s 10% stake
Deal gives Intel a lifeline as firms team up on AI datacenters and PC chips after Trump stake sparks market surge Nvidia, the world’s leading chipmaker, has announced plans to invest $5bn in Intel and collaborate with the struggling semiconductor company on products. A month after the Trump administration confirmed it had taken a 10%…
Temu’s UK operation doubles revenues and pre-tax profits
Super-budget Chinese retailer reports revenues of $63.3m last year, almost double its $32m in 2023 Business live – latest updates The UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers snapped up products offered by the super-budget retailer. Temu UK reported revenues of $63.3m (£46.4m) last…
Google announces £5bn AI investment in UK before Trump visit
Rachel Reeves says move is a ‘vote of confidence’ in British economy as she prepares to open firm’s first UK datacentre Business live – latest updates Google has said it will invest £5bn in the UK in the next two years to help meet growing demand for artificial intelligence services, in a boost for the…
Jaguar Land Rover extends production shutdown after cyber-attack
Carmaker says it will freeze production until at least 24 September as it continues investigations Business live – latest updates Jaguar Land Rover has extended its shutdown on car production, as Britain’s biggest carmaker grapples with the aftermath of a cyber-attack. JLR said on Tuesday it would freeze production until at least next Wednesday, 24…
Google’s huge new Essex datacentre to emit 570,000 tonnes of CO2 a year
Exclusive: Planning documents show impact of Thurrock ‘hyperscale’ unit as UK attempts to ramp up AI capacity Business live – latest updates A new Google datacentre in Essex is expected to emit more than half a million tonnes of carbon dioxide a year , equivalent to about 500 short-haul flights a week, planning documents show.…
A third of UK firms using ‘bossware’ to monitor workers’ activity, survey reveals
Research suggests increase in office snooping in trend that some managers claim undermines trust with staff How employers are gathering Australian workers’ data Share your experience of tech surveillance at work in the UK A third of UK employers are using “bossware” technology to track workers’ activity with the most common methods including monitoring emails…
‘Existential crisis’: how Google’s shift to AI has upended the online news model
Media sites are taking action on several fronts as traffic referrals dry up and AI companies plunder their content When the chief executive of the Financial Times suggested at a media conference this summer that rival publishers might consider a “Nato for news” alliance to strengthen negotiations with artificial intelligence companies there was a ripple…