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Revolut warns it risks backlash over support for energy-intensive AI and crypto
Fintech company’s profits leap to £1.7bn as it gears up for US push after getting UK banking licence this month Business live – latest updates The UK banking app Revolut has said it could face a backlash over its support for energy-intensive sectors such as crypto and AI, as it posted a 57% increase in…
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…
Essex police pause facial recognition camera use after study finds racial bias
Academics discover black people ‘significantly more likely’ to be identified when compared with other ethnic groups Essex police have paused the use of live facial recognition (LFR) technology after a study found cameras were significantly more likely to target black people than people of other ethnicities. The move to suspend use of the AI-enabled systems…
Fire experts ‘kept awake’ over growing hazard of lithium-ion batteries
Fire service warns ubiquity of batteries in everyday products is outpacing public understanding and safety regulations Lithium-ion batteries represent a new technological hazard that one fire science expert has said keeps him awake at night, as fire service chiefs warn the ubiquity of the batteries in everyday products is outpacing public understanding and safety regulations.…
UK must learn lessons from AI race and retain its quantum computing talent, says minister
Liz Kendall announces £1bn funding to help design large-scale quantum computers for scientists, researchers, public sector and business The UK will not let quantum computing talent slip through its fingers and must learn lessons from US dominance of the AI race, the technology secretary has said, as the government announced a £1bn quantum funding pledge.…
Elon Musk’s Tesla given go-ahead to supply electricity in Great Britain
Ofgem licence means firm can replicate Texas setup of powering homes, businesses and EVs Elon Musk’s Tesla has won approval to supply electricity to households and businesses across Great Britain, as the tech billionaire expands his energy ambitions. The energy regulator, Ofgem, has formally granted Tesla an electricity supply licence, enabling it to provide electricity…
Palantir’s NHS England contract ‘opens door to government abuse of power’, health bosses told
Health justice charity Medact says data-sharing potential could be used for UK version of US immigration raids Palantir’s NHS contract opens the door to the Big Brother-style data-sharing that Reform UK would use for a version of US immigration raids, health bosses have been told. Palantir Technologies – the data analytics company founded by Peter…