The European Union’s pioneering Artificial Intelligence Act, which came into force in August 2024, is facing potential delays to key provisions amid substantial lobbying from major technology firms and pressure
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OpenAI, the company behind ChatGPT, has signalled that government support may be required to underpin its plans for colossal spending on artificial intelligence infrastructure. Amid a global surge in AI
Jensen Huang, the influential founder and chief executive of Nvidia, has moved to quell growing unease over soaring valuations within the technology sector amid mounting warnings of potential asset bubbles
Michael Burry, the renowned hedge fund manager who rose to fame during the global financial crisis after successfully betting against the United States housing market, is now wagering £1.1bn against
Once the pride of Britain’s financial sector, City of London fund managers are facing a rapidly shifting investment landscape – but signs of a long-awaited resurgence are emerging. Communities of
OpenAI, the creator of ChatGPT, has announced a landmark deal worth 38 billion pounds to utilise Amazon Web Services’ cloud infrastructure. The agreement underscores the escalating investments required to secure
The artificial intelligence (AI) revolution has ignited an extraordinary investment surge, with global data centre spending projected to reach an astonishing $3 trillion by 2028. These vast warehouses, humming with
Nvidia has become the world’s first company to reach a valuation of five trillion dollars, marking an extraordinary ascent that has captured the attention of investors and analysts across the
Amazon delivered a robust third quarter, beating analyst expectations as its cloud computing division gave the company a significant boost. Despite waning strength in its retail operations amid growing uncertainty
The world of artificial intelligence continues to shape the outlook of global financial markets, with the looming earnings results of America’s largest technology firms drawing intense scrutiny this week. Apple,
The influence of artificial intelligence on white-collar employment became sharply evident as two global giants, Amazon and PwC, confirmed sweeping job cuts this week. Amazon, the e-commerce and technology powerhouse,
OpenAI has completed a sweeping corporate restructuring that values the firm at a staggering $500 billion dollars and brings Microsoft’s ownership of the ChatGPT maker to a substantial 27 per
Synthesia, the London-based artificial intelligence video start-up renowned for its hyper-realistic content, has declined a takeover approach from US software giant Adobe worth a reported three billion dollars. The company,
News Corp chief executive Robert Thomson has issued a stark warning to artificial intelligence companies that undervalue original content. Speaking at The Times Tech Summit, Thomson criticised leading technology firms
The International Monetary Fund has issued a stark warning to investors and policymakers about mounting vulnerabilities in the global financial system. Its twice-yearly financial stability report highlights significant complacency in
Oura, the Finnish-founded maker of health tracking smart rings, has achieved a remarkable new valuation of $11 billion following its latest investment round. The company successfully raised $900 million, with
