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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…
Women in tech and finance at higher risk from AI job losses, report says
‘Mid-career’ female workers also being sidelined by rigid hiring processes, says City of London Corporation Women working in tech and financial services are at greater risk of losing their jobs to increased use of AI and automation than their male peers, according to a report that found experienced females were also being sidelined as a…
Elon Musk merges SpaceX with xAI at $1.25tn valuation
Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private company Business live – latest updates Elon Musk’s aerospace company SpaceX has acquired his artificial intelligence business xAI, in a $1.25tn (£910bn) merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year. The two…
‘Deepfakes spreading and more AI companions’: seven takeaways from the latest artificial intelligence safety report
Annual review highlights growing capabilities of AI models, while examining issues from cyber-attacks to job disruption The International AI Safety report is an annual survey of technological progress and the risks it is creating across multiple areas, from deepfakes to the jobs market. Commissioned at the 2023 global AI safety summit, it is chaired by…
Palantir beats Wall Street expectations amid Trump immigration crackdown
CEO Alex Karp hails ‘iconic’ financial results despite criticism over contracts with ICE and homeland security Palantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration’s push to deport immigrants. Palantir has secured millions of dollars in federal contracts amid…
‘Wake up to the risks of AI, they are almost here,’ Anthropic boss warns
Dario Amodei questions if human systems are ready to handle the ‘almost unimaginable power’ that is ‘potentially imminent’ Quarter of Britons fear losing jobs to AI in next five years Humanity is entering a phase of artificial intelligence development that will “test who we are as a species”, the boss of the AI startup Anthropic…
The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026
OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOs You’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at…