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Inside tech billionaire Peter Thiel’s off-the-record lectures about the antichrist
The political svengali and investor has been giving lectures on ‘an evil king or tyrant … who appears in the end times’ Peter Thiel’s off-the-record antichrist lectures reveal more about him than Armageddon Peter Thiel, the billionaire political svengali and tech investor, is worried about the antichrist. It could be the US. It could be…
Gen Z faces ‘job-pocalypse’ as global firms prioritise AI over new hires, report says
British Standards Institution study across seven countries found quarter of bosses believe entry-level tasks could be automated to reduce costs Young people entering the workforce are facing a “job-pocalypse”, as business leaders invest in artificial intelligence (AI) rather than new hires, according to a study of global business leaders. Bosses are prioritising automation through AI…
Bank of England warns of growing risk that AI bubble could burst
Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updates The Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies. Policymakers said there were also threats of a…
Leading UK tech investor warns of ‘disconcerting’ signs of AI stock bubble
James Anderson voices concern over soaring valuations of artificial intelligence firms A leading British tech investor has described soaring valuations of artificial intelligence companies as “disconcerting”, amid concerns of an AI stock market bubble. James Anderson was an early backer of Tesla, Amazon and China’s Tencent and Alibaba, generating vast returns for Baillie Gifford’s flagship…
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…
Google announces £5bn AI investment in UK before Trump visit
Rachel Reeves says move is a ‘vote of confidence’ in British economy as she prepares to open firm’s first UK datacentre Business live – latest updates Google has said it will invest £5bn in the UK in the next two years to help meet growing demand for artificial intelligence services, in a boost for the…
Google’s huge new Essex datacentre to emit 570,000 tonnes of CO2 a year
Exclusive: Planning documents show impact of Thurrock ‘hyperscale’ unit as UK attempts to ramp up AI capacity Business live – latest updates A new Google datacentre in Essex is expected to emit more than half a million tonnes of carbon dioxide a year , equivalent to about 500 short-haul flights a week, planning documents show.…