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Computer maker HP to cut up to 6,000 jobs by 2028 as it turns to AI
US firm says plan to speed up product development and improve customer satisfaction would save $1bn a year Up to 6,000 jobs are to go at HP worldwide in the next three years as the US computer and printer maker increasingly adopts AI to speed up product development. Announcing a lower-than-expected profit outlook for the…
AI firms must be clear on risks or repeat tobacco’s mistakes, says Anthropic chief
Artificial intelligence will become smarter than ‘most or all humans in most or all ways’, says Dario Amodei Business live – latest updates Artificial intelligence companies must be transparent about the risks posed by their products or be in danger of repeating the mistakes of tobacco and opioid firms, according to the chief executive of…
UK firms can win a significant chunk of the AI chip market | John Browne
Britain’s legacy in chip design is world-class, and we could supply up to 5% of global demand if we get our act together The UK is in a uniquely promising position, far too little understood, to play a lucrative role in the coming era of artificial intelligence – but only if it also grabs the…
Can OpenAI keep pace with industry’s soaring costs?
As investor jitters grow, the loss-making ChatGPT firm’s vast spending commitments test the limits of Silicon Valley optimism It is the $1.4tn (£1.1tn) question. How can a loss-making startup such as OpenAI afford such a staggering spending commitment? Answer that positively and it will go a long way to easing investor concerns over bubble warnings…
Global stock markets fall sharply over AI bubble fears
Drop in US, Asia and Europe follows warning from bank bosses that market correction could lie ahead Business live – latest updates Global stock markets have fallen sharply amid concerns that a boom in valuations of artificial intelligence (AI) companies could be rapidly cooling. Markets in the US, Asia and Europe have fallen after bank…
OpenAI signs $38bn cloud computing deal with Amazon
Agreement to use AWS datacentres, and Nvidia chips inside them, part of $1.4tn spending spree on AI infrastructure OpenAI has signed a $38bn (£29bn) deal to use Amazon infrastructure to operate its artificial intelligence products, as part of a more than $1tn spending spree on computing power. The agreement with Amazon Web Services means OpenAI…
‘History won’t forgive us’ if UK falls behind in quantum computing race, says Tony Blair
Exclusive: Former PM and ex-Tory leader William Hague warn UK lacks high-risk capital and infrastructure to harness benefits of powerful technology Tony Blair has said “history won’t forgive us” if the UK falls behind in the race to harness quantum computing, a frontier technology predicted to trigger the next wave of breakthroughs in everything from…
Nexperia halts chip supplies to China in threat to global car production
Dutch-controlled company informs customers about suspension but is said to want to de-escalate trade war Nexperia, the EU-based automotive chipmaker at the centre of a geopolitical dispute, has suspended supplies to its Chinese factory, stepping up a trade war that threatens to halt production at carmakers around the world. The company wrote to customers this…
‘Significant exposure’: Amazon Web Services outage exposed UK state’s £1.7bn reliance on tech giant
Cloud computing disruption highlights risk of deepening ties despite warnings from UK’s own regulators, including the Treasury Amazon chief executive Andy Jassy beamed as he met Keir Starmer in Downing Street’s garden to announce £40bn of UK investments in June. Starmer was equally effusive, gushing: “This deal shows that our plan for change is working…
Driverless taxis from Waymo will be on London’s roads next year, US firm announces
Cars with human safety drivers will appear in coming weeks as permissions are sought for fully autonomous rides Driverless taxis from Waymo will be available for hire on London’s roads next year, the US company has announced. The UK capital will become the first European city to have an autonomous taxi service of the kind…