Standard Chartered to cut thousands of roles as AI use increases
Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm,…
Tag: artificial intelligence
Will AI lead to more accurate opinion polls?
“When you hear the word ‘politician’, what is the first image or emotion that comes to mind?” The voice is young, female, brisk and business-like…
Apple to pay up to $95 to some US iPhone buyers over AI lawsuit
Apple has agreed to pay some iPhone buyers a collective $250m (£184m) to end a lawsuit accusing the company of misleading people about new artificial…
US, UK regulators meet banks on Anthropic AI cyber risks to financial systems
US and UK regulators are holding discussions with major banks about cyber security risks linked to Anthropic PBC’s latest AI model, amid wider concern about…
Tesla cuts car models in shift to robots and AI
Tesla says its annual revenue has fallen for the first time as the electric vehicle (EV) maker shifts its focus to artificial intelligence (AI) and…
Facebook-owner Meta to nearly double AI spending
Meta boss Mark Zuckerberg plans to ramp up spending on artificial intelligence (AI) projects this year, even as other executives warn of a potential bubble…
Hong Kong Scientists Launch AI Model to Better Predict Extreme Weather
A team of Hong Kong scientists has developed an artificial intelligence weather-forecasting system to predict thunderstorms and heavy downpours up to four hours ahead, compared…
China Is Closing in on US Technology Lead Despite Constraints
China can narrow its technological gap with the US driven by growing risk-taking and innovation, though the lack of advanced chip-making tools is hobbling the…
Circular economy of hype: Inside AI’s self-financing machine
OpenAI estimates spending $9b to keep models running before salaries, rent, or research When Oracle Corp. announced a multi-hundred-billion-dollar computing deal with OpenAI last September,…
UAE launches new AI centre of excellence to drive sovereign technology and innovation
Five flagship AI projects unveiled to accelerate national AI strategy The UAE has launched a new initiative with the opening of the AI Centre of…