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‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law
Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loans On a quiet summer morning, above a small mid-western town, an American flag is waving in the breeze. The camera cuts to a father helping his son at the wheel of a tractor,…
Tech founders use AI-generated images to poke fun at Anthony Albanese in protest against tax changes
‘He’s having a great time with his new 47% equity,’ one entrepreneur jokes, warning that some startups may leave Australia behind Get our breaking news email, free app or daily news podcast Tech entrepreneurs have mocked the government’s capital gains tax changes by posting AI-generated photos of Anthony Albanese as their “new founder” and warning…
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.…
‘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…
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,…
Universal basic income could be used to soften hit from AI job losses in UK, minister says
Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries • Business live – latest updates The UK could introduce a universal basic income (UBI) to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said. “Bumpy” changes to society caused by the introduction…
AI is hitting UK harder than other big economies, study finds
Britain is losing more jobs than it creates owing to artificial intelligence, Morgan Stanley research suggests More than a quarter of Britons fear losing job to AI in next five years Business live – latest updates The UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder…
The cost of AI slop could cause a rethink that shakes the global economy in 2026
Revenues may be rising rapidly, but not by nearly enough to cover the wild levels of investment under way The US dictionary Merriam-Webster’s word of the year for 2025 was “slop”, which it defines as “digital content of low quality that is produced, usually in quantity, by means of artificial intelligence”. The choice underlined the…
Why universal basic income still can’t meet the challenges of an AI economy
Andrew Yang’s revived pitch suits the automation debate, but UBI can’t fix inequalities concentrated tech wealth drives Universal basic income (UBI) is back, like a space zombie in a sci-fi movie, resurrected from policy oblivion, hungry for policymakers’ attention: brains! Andrew Yang, whose “Yang Gang” enthusiasm briefly shook up the Democratic presidential nomination in 2020…
AI could replace 3m low-skilled jobs in the UK by 2035, research finds
Trades, machine operations and administrative roles are most at-risk, says leading educational research charity Up to 3m low-skilled jobs could disappear in the UK by 2035 because of automation and AI, according to a report by a leading educational research charity. The jobs most at risk are those in occupations such as trades, machine operations…