The UK’s Competition and Markets Authority (CMA) has voiced significant concerns regarding the formidable grip of major technology corporations, including Apple, Amazon, and Microsoft, in the realm of artificial intelligence (AI), warning of potential harm to consumers.
Category: Technology
Technology from computer hardware, computer software, Saas, voip, cloud computing, smartphones to help small and medium sized businesses grow
Meta employees discussed buying Simon & Schuster to train AI models, report reveals
Internal meetings at Meta reportedly revealed discussions among managers, lawyers, and engineers about acquiring Simon & Schuster to obtain books for training the company’s AI tools. The recordings, shared with the New York Times, indicate deliberations on purchasing the renowned publishing house to access its vast catalog for AI training, raising ethical and legal concerns.
Klarna Embraces AI to Drive Efficiency, Opts Against Hiring New Staff
Financial technology giant Klarna announces plans to leverage artificial intelligence (AI) instead of hiring new employees, signaling a shift in the job market due to advancements in AI technology.
Broadband boost for 380,000 rural premises as UK Government investment reaches £1.3bn
Hundreds of thousands of remote homes and businesses across the country will be able to benefit from lightning-fast broadband, as new figures show a record £714 million has been invested in the broadband rollout so far this year.
AI’s ascent laying the ground for a more innovative, human-focused accounting profession
In the latest chapter of generative artificial intelligence’s meteoric rise, Mistral AI has just unveiled Europe’s response to OpenAI’s ChatGPT.
Microsoft to Establish AI Hub in London, Led by DeepMind Co-founder
Microsoft is set to launch a new artificial intelligence hub in London, spearheaded by Mustafa Suleyman, the British co-founder of AI giant DeepMind, now owned by Google.
Google Mulls Charging for Premium AI-Powered Search Results
Reports suggest Google is contemplating charging users for exclusive AI-driven search results as part of its subscription services. This potential move could mark a significant shift for the tech giant’s core products.
Microsoft to Offer Teams Separately from Office Suite Worldwide
Microsoft has announced that it will sell its Teams online meeting service separately from its Office software suite worldwide, following a move made six months ago in Europe.
Amazon increases AI startup Anthropic investment with additional $2.75bn funding
Amazon announced on Wednesday that it will be increasing its investment in Anthropic, an artificial intelligence startup based in San Francisco, by an additional $2.75 billion.
Cyber chiefs slam Parliament’s ‘pitiful’ £6.5m cyber budget increase amidst China threat
Parliament has boosted its IT budget by only £6.5m in the last financial year as MPs and peers face a barrage of cyber attacks from China, according to official figures.
How IoT Can Enhance Public Safety
The Internet of Things is one of those technologies that have the greatest potential to successfully change a lot of spheres of our professional and daily lives. The IoT industry is actively expanding.
Trump Faces Potential Windfall as Truth Social Enters Stock Market
Donald Trump, facing a substantial fraud fine, might find a lifeline in the stock market through Truth Social, his social media platform. The platform’s parent company, Trump Media, is set to go public following a merger with Digital World Acquisition Corp (DWAC).
Apple Faces Lawsuit by US Over Smartphone Market ‘Monopoly’
Apple finds itself embroiled in a legal battle with the US Justice Department, accused of leveraging the iPhone to establish a monopoly that drove up prices for consumers and stifled competition.
Microsoft Taps DeepMind Co-Founder to Lead New AI Division
Microsoft has appointed Mustafa Suleyman, the co-founder of DeepMind, to spearhead a new AI division within the company.
UK Businesses Struggle to Keep Pace with Cyber Threats, warns Microsoft
The UK are better prepared for cyber attacks than they were a few years ago, according to Microsoft’s UK security boss. However, a larger majority of UK businesses are still vulnerable to threats.