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UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor
Adult video platform to sell minority stake to increase stability after death of its founder Leonid Radvinsky Business live – latest updates OnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn). The London-based company is in…
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…
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…
Leonid Radvinsky, owner of OnlyFans, dies aged 43
Ukrainian-American billionaire who owned subscription service for adult content died of cancer, the company says Leonid Radvinsky, the owner of OnlyFans, has died of cancer at the age of 43, the company announced on Monday. “We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with…
AI boom risks widening wealth divide, says BlackRock’s Larry Fink
CEO of asset manager says only a few firms and investors may reap rewards from growth in the technology The boom in artificial intelligence risks widening inequality, with only a handful of companies and investors likely to reap its financial rewards, the BlackRock chief executive, Larry Fink, has said. The boss of the $14tn (£10.4tn)…
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…
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…
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…