Amazon is reportedly preparing to invest as much as 10 billion dollars in OpenAI, the artificial intelligence company behind ChatGPT, indicating intensifying competition in the high stakes market for AI
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The Covid pandemic upended the hospitality and leisure sectors, leading businesses to adopt a flurry of new financial measures to stay afloat. While lockdowns and restrictions have faded, many pandemic-era
OpenAI, the developer behind ChatGPT, has appointed former Chancellor George Osborne to direct its international growth strategy. Osborne’s new role places him at the helm of the company’s bid to
The White House has halted a significant technology agreement with the United Kingdom over concerns about the scope and impact of the Online Safety Act. The tech prosperity deal, valued
The United States government has suspended a £31 billion tech investment deal with the United Kingdom, citing ongoing trade disputes and limited progress in reducing trade barriers. This unexpected move
McKinsey, the global management consultancy renowned for offering advice on cost reduction, is preparing for significant internal changes as advances in artificial intelligence reshape the industry. Senior partners have initiated
Labour’s proposal to permit artificial intelligence firms to use copyrighted materials unless rights-holders explicitly opt out has been firmly rejected by the British public. In a recent consultation attracting more
Mark Zuckerberg’s grand experiment with the metaverse has proven to be one of the costliest technology flops in recent memory. In October 2021, the Facebook founder rebranded his company as
At the apex of the current surge in artificial intelligence investment stands Larry Ellison and his technology conglomerate Oracle, poised as both champion and potential destabiliser of the sector’s rapid
Soaring demand for artificial intelligence is dramatically reshaping the energy landscape in the United States, with leading technology companies forced to seek unconventional ways to feed the relentless appetite of
Oracle Corporation witnessed a sharp decline in its market value after reporting quarterly results that failed to meet investors’ expectations. The software and cloud services giant saw more than 70
Drax Group is exploring the development of a significant data centre beside Britain’s largest power station, as it aims to meet surging electricity demand driven by artificial intelligence. The FTSE
Disney has reached a landmark agreement with OpenAI, the creator of ChatGPT, to sell character rights from its expansive portfolio in a deal valued at $1 billion, approximately £750 million.
The European Commission has initiated a formal investigation into Google regarding its use of publishers’ and YouTube creators’ material to train and power its artificial intelligence services. The investigation will
A leading investor in northern England’s technology sector has sharply criticised government policy on technology funding, claiming that spreading resources across regions with little chance of global competitiveness is wasteful.
The arrival of advanced artificial intelligence is prompting a seismic shift in the UK property market. AI-powered search bots now scrape listings from portals like Zoopla, Foxtons and Rightmove, offering
