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Rolls-Royce secures nearly £600m in UK government cash to develop small reactors
Engine-maker CEO hails ‘critical milestone’ for company in race to deliver SMR technology built at Wylfa plant on Anglesey Business live – latest updates Rolls-Royce has secured up to £599m from Britain’s national wealth fund as it races to develop the UK’s first small modular nuclear reactors. The fund will help support Rolls-Royce’s design of…
US summons bank bosses over cyber risks from Anthropic’s latest AI model
Fed chair Jerome Powell reportedly attends meeting in Washington following release of Claude Mythos The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports. Jerome Powell, chair of the Rederal Reserve, was…
OpenAI shelves Stargate UK in blow to Britain’s AI ambitions
Artificial intelligence company cites high energy costs and regulation for putting landmark project on hold OpenAI has put on hold plans for a landmark UK investment citing high energy costs and regulation, in a blow to the government which has put AI at the centre of its growth strategy. Stargate UK was a part of…
Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation
Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tn Business live – latest updates SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that…
Goodbye mrbrightside416: Google allows users to alter quirky Gmail addresses
Those in US given chance to have more professional usernames without losing access to account Did your McLovin!1976!@gmail.com email address seem funny at the time but less so now you are applying for dozens of jobs? Google has said it is giving US users a chance to appear more professional by letting them change their…
US tech firm Oracle cuts thousands of jobs as it steps up AI spending
Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off. The $420bn firm, headquartered in Austin, Texas, started making employees redundant on…
If OpenAI is to float on the stock market this year, it needs to start turning a profit
The poster child of the AI boom, valued at $850bn, needs to show strategic discipline after ‘casting its net too wide’ If OpenAI is going to float this year, it has to get serious about its business model. The wow factor around the US company – the poster child of an AI industry boom that…
I was paid to write fake Google reviews – then my ‘bosses’ tried to scam me
Undercover reporter gets a taste of the sprawling fraud industry in which cryptocurrencies play a crucial role Five firms including Autotrader and Just Eat investigated over fake review failings The holiday flat near(ish) the Roman ruins of Pompeii was “disgusting”, and smelled of “a mix of dampness and sewage”, according to one reviewer on Google…
What are the rules on cryptocurrency donations to UK political parties?
Temporary ban on crypto donations is being introduced after review into countering foreign interference in politics Ministers are introducing a temporary ban in cryptocurrency donations following an official review. Philip Rycroft, a former senior civil servant, made the recommendation as part of a review into countering foreign financial influence and interference in UK politics. Continue…
Revolut warns it risks backlash over support for energy-intensive AI and crypto
Fintech company’s profits leap to £1.7bn as it gears up for US push after getting UK banking licence this month Business live – latest updates The UK banking app Revolut has said it could face a backlash over its support for energy-intensive sectors such as crypto and AI, as it posted a 57% increase in…