HSBC is contemplating a reduction of approximately 20000 jobs globally over the coming three to five years, as it seeks to leverage artificial intelligence to optimise its administrative functions. This
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Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is reportedly poised to reduce its workforce by at least 20 per cent in response to substantial investments in artificial
British businesses have invested millions in artificial intelligence but face challenges in realising substantial returns from these investments. Christin Owings, the UK managing director of the Boston Consulting Group, highlighted
Mark Zuckerberg’s Meta has made a significant move by acquiring a social media network specifically designed for artificial intelligence bots. This acquisition reflects a strategic bet on a future where
The stock market has transformed into a hunting ground for potential victims of artificial intelligence, with daily sell-offs attributed to prevailing anxieties about how technology could disrupt established business models.
The British Business Bank has announced its investment in driverless car company Wayve as part of a fundraising round that values the company at 8.6 billion dollars. This noteworthy investment
The American artificial intelligence startup OpenAI has completed a historic funding round, securing a staggering $110 billion. This latest financing has elevated the company’s valuation to an unprecedented $840 billion.
Former President Donald Trump has issued a directive to government agencies to cease the use of technology developed by the artificial intelligence firm Anthropic. This decision follows escalating tensions regarding
OpenAI has announced its plans to establish London as its largest research hub outside of the United States. This strategic move comes as the organisation seeks to secure top talent
IBM, known colloquially as Big Blue, has recently experienced a wave of uncertainty regarding artificial intelligence. This situation reflects the broader concerns within the tech industry as major companies grapple
Jamie Dimon, the chief executive of JP Morgan Chase, has issued a warning regarding the rising concerns surrounding an “AI bubble”. He notes that some financial institutions are exhibiting behaviour
Billions of dollars were erased from the stock market value of US-listed software and financial companies following a viral scenario published on Substack, which outlined a possible collapse of wage
The increasing demand for memory chips driven by the artificial intelligence boom is creating a global shortage that threatens to disrupt the supply of essential electronic devices. Major technology companies,
Nearly 400 million viewers tuned in to witness a spectacular performance at the Chinese New Year Spring Festival Gala, featuring a troupe of humanoid robots that showcased their capabilities through
Amid recent fluctuations in market valuations, the landscape for investors has become increasingly dynamic. According to Alex Wright, one of London’s foremost fund managers, the turbulence linked with the advent
The artificial intelligence sector’s voracious appetite for data centre infrastructure has created a new supply constraint in computer hardware markets. After driving random access memory prices to unprecedented levels in
