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Stock market sell-off continues, as Google boss warns ‘no company immune’ if AI bubble bursts – business live
Rolling coverage of the latest economic and financial news, as shares fall across Asia and bitcoin hits a seven-month low Europe’s major share indices are down by more than 1%, as the sell-off spreads across global markets. The UK’s FTSE 100 index fell by 0.9%. Germany’s Dax is down 1.3%, France’s CAC and Italy’s FTSE…
Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?
The world will be pushed into a recession, but perhaps we can build something more promising from the pieces The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way. Employment growth is stuck and wage growth is slowing, especially among low-paying jobs. Loan…
Trio win Nobel economics prize for work on technology-driven growth
Joel Mokyr has warned of ‘dark clouds’ amid Trump tariffs, while Philippe Aghion and Peter Howitt have written about role of ‘creative destruction’ Business live – latest updates Three experts in the power of technology to drive economic growth have been awarded this year’s Nobel prize in economics. Joel Mokyr of Northwestern University secured half…
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…
Half of UK adults worry that AI will take or alter their job, poll finds
The TUC calls for a new approach to technology and greater input from workers on how it is deployed Half of adults in the UK are concerned about the impact of artificial intelligence on their job, according to a poll, as union leaders call for a “step change” in the country’s approach to new technologies.…