Technology
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Anthropic chief: AI is set to eliminate 50% of entry-level positions in the UK
Dario Amodei, the chief executive of AI frontrunner Anthropic, has delivered a grave caution regarding the work landscape, forecasting that AI could eliminate as much as 50% of all entry-level white-collar professions in the next five years. The UK market may encounter considerable upheaval during this shift. At Anthropic’s inaugural developer conference, Amodei underscored the…
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Trainline: CEO’s compensation more than doubles as earnings increase
Trainline has significantly increased its CEO’s remuneration after a notable rise in profits over the latest fiscal year. Jody Ford’s total compensation reached £5.6 million, a jump from the £2.4 million he received the prior year. As per Trainline’s annual report, Ford’s salary package was substantially enhanced by £3.6 million in vested shares that matured…
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Tesco shoppers mock ‘VAR’-style cameras at self-checkout
Some customers have criticised Tesco’s new overhead replay cameras at self-service tills — likening them to controversial sports technology.
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London falls from leading smart centre status
London has relinquished its status as the world’s foremost center for scientific and technological innovation. A report has issued a serious alert about the City’s declining international prominence. The UK’s capital has been surpassed by San Francisco and Zurich, which gained 16 and 6 points respectively. Conversely, London saw a drop of three points, resulting…
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Adidas breach raises stakes for retail security
Sportswear giant Adidas is the latest retailer to suffer a cyberattack targeting customer data, highlighting escalating risks in the retail sector.
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Steven Bartlett: Dragons’ Den celebrity secures the ‘largest agreement of my lifetime’
Dragons’ Den celebrity Steven Bartlett has declared the “largest deal of his career” after securing a partnership with a US tech company. The businessman shared that he has finalized a “significant, double-digit equity investment agreement” with the Los Angeles-based company Stan Store. Stan Store, headed by CEO John Hu, who established the company in 2021,…
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UK-EU agreement initiates strategic AI collaboration
A fresh initiative has been introduced to boost AI cooperation throughout Europe, expanding upon the recent accord between the UK and the EU. This collaboration encourages leading UK public research organizations to apply to serve as the UK’s conduit to Europe’s most cutting-edge supercomputing facilities, essential for hastening AI advancements. After negotiations facilitated by the…
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Sir Jony Ive partners with Altman’s OpenAI in a $6.5 billion agreement
OpenAI has unveiled a significant advancement in consumer hardware through its acquisition of io Products, a startup co-founded by former Apple chief designer Sir Jony Ive and OpenAI CEO Sam Altman. This deal, reportedly valued at $6.5 billion (£5.1 billion), allows OpenAI to fully oversee the company, marking an important milestone as the AI organization…
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Cybersecurity and artificial intelligence drive increase in technology mergers and acquisitions in the UK
The software mergers and acquisitions (M&A) market in the UK has surged to unprecedented levels, cementing the country’s status as a significant force in the European tech investment landscape. A recent analysis from consultancy BearingPoint Capital indicates that £13.2bn was invested across 420 deals in the past year—a 27 percent year-on-year rise propelled by the…
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Decoding the cyberattack surge on UK retailers
Dior, M&S, Co-op and Harrods are the latest victims in a growing crisis. Why retail — and what happens next?