Plans for a £2 billion gas-powered data centre in Buckinghamshire have ignited fears that the UK government’s ambition to become a leader in artificial intelligence may contradict its net-zero objectives.
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Artificial intelligence is poised to render income tax obsolete within the next five years, according to Tom Blomfield, the founder of Monzo bank. Blomfield suggests that advancements in AI technology
James Wise, chairman of the UK’s forthcoming £500 million Sovereign AI fund, has cautioned against an insular approach to artificial intelligence. He asserts that shutting out US technology firms in
British businesses are falling significantly behind their global counterparts in the effective adoption of artificial intelligence tools, according to a recent study conducted by PwC. The report reveals that UK
Lloyds Banking Group has integrated a specialised artificial intelligence robot into its boardroom, marking a significant milestone for UK blue-chip companies. This “board bot” aims to assist executives and board
In a recent examination of artificial intelligence capabilities, eight AI models were put to the test to predict outcomes in a virtual re-creation of the 2023-24 Premier League season. The
Oracle Corporation, the California-based enterprise software giant valued at USD 420 billion, finds itself at a critical juncture as co-chief executive Mike Sicilia articulates the company’s aggressive stance towards artificial
Quantum Blockchain Technologies PLC has provided shareholders with an operational update concerning its patent applications, artificial intelligence software implementation and mining hardware developments. Chief executive Francesco Gardin outlined the company’s
OpenAI has announced the closure of its text-to-video AI app, Sora, just months following a significant licensing agreement with Disney worth £1 billion. This abrupt decision to terminate the controversial
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
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.
