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Union tries to seize control of works council at Tesla’s German factory
Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions Business live – latest updates Europe’s largest trade union is trying to gain control of the works council at Elon Musk’s Tesla gigafactory near Berlin, in an industrial relations showdown marked by lawsuits and mutual accusations of slander.…
OpenAI amends Pentagon deal as Sam Altman admits it looks ‘sloppy’
ChatGPT owner’s CEO says it will bar its technology being used for mass surveillance or by intelligence services Business live – latest updates OpenAI is amending its hastily arranged deal to supply artificial intelligence to the US Department of War (DoW) after the ChatGPT owner’s chief executive admitted it looked “opportunistic and sloppy”. The contract…
Keen bosses, strange mistakes and a looming threat: workers on training AI to do their jobs
Some say the technology is devaluing their work, while others reckon it is not yet – and might never be – good enough to replace them entirely Workers grappling with the rapid growth of artificial intelligence have said they feel “devalued” by the technology and warned of a downward trajectory in the quality of work.…
Nvidia quarterly earnings show immunity to AI bubble fears as it cashes in on data center boom
Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years now Nvidia released its quarterly earnings on Wednesday, with the chipmaker revealing higher than expected revenues and extending its yearslong streak of surpassing Wall Street’s sky-high expectations. The company receives the vast majority of its revenue from its data center business, which has…
‘A feedback loop with no brake’: how an AI doomsday report shook US markets
Shares in Uber, Mastercard and American Express fall on back of apocalypse scenario posted on Substack US stock markets have been hit by a further wave of AI jitters, this time from yet another viral – and completely speculative – warning about the impact of the technology on the world’s largest economy. The latest foreboding…
New datacentres risk doubling Great Britain’s electricity use, regulator says
Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demand The amount of power being sought by new datacentre projects in Great Britain would exceed the national current peak electricity consumption, according to an industry watchdog. Ofgem said about 140 proposed datacentre schemes, driven by use of…
If AI makes human labor obsolete, who decides who gets to eat?
Amid talk of artificial intelligence taking our jobs, the big unasked question is: how will we be fed? How will we be fed? That’s the biggest question not seriously being addressed amid all this talk about whether or not artificial intelligence will end up taking over all of our jobs. Formidable though the technology appears,…
Claims that AI can help fix climate dismissed as greenwashing
Industry using ‘diversionary’ tactics, says analyst, as energy-hungry complex functions such as video generation and deep research proliferate Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report. Most claims that AI can help avert climate breakdown refer to machine learning…
TikTok creator ByteDance vows to curb AI video tool after Disney threat
Videos created by new Seedance 2.0 generator go viral, including one of Tom Cruise and Brad Pitt fighting Business live – latest updates ByteDance, the Chinese technology company behind TikTok, has said it will restrain its AI video-making tool, after threats of legal action from Disney and a backlash from other media businesses, according to…
Anthropic raises $30bn in latest round, valuing Claude bot maker at $380bn
Maker of chatbot with coding ability says annualised revenue grew tenfold in each of past three years, to $14bn Anthropic, the US AI startup behind the Claude chatbot, has raised $30bn (£22bn) in a funding round that more than doubled its valuation to $380bn. The company’s previous funding round in September achieved a value of…