The world is ill-prepared for breakthroughs in artificial intelligence, according to a group of senior experts, including two ‘godfathers’ of AI, who warn that governments have not made sufficient progress in regulating the technology. A shift by tech companies to autonomous systems could “massively increase” the impact of AI and governments need safety regimes that … Read more
FT Alphaville was at the start of the performance art project known as Craig Wright. We are therefore obliged to mark the end of what should be (but probably won’t be) his final act. A British court ruled in March, after a month-long trial, that Wright was not Satoshi Nakamoto, the pseudonymous inventor of bitcoin. … Read more
Britain cannot afford to give China the “cold shoulder”, City’s minister said on Monday in comments that will distance the British government from the Biden administration’s protectionist actions. Addressing financial services bosses at the City Week conference in London’s Guildhall, Bim Afolami said it was “crucial” to engage with strategic competitors such as Beijing, and … Read more
The Commodity Futures Trading Commission, a record recipient of Alphaville’s ire, proposed a rule change earlier this month that could ban event contracts from the U.S. derivatives market — potentially ending the yearslong push for options trading on sports games, awards shows and perhaps most crucial: elections. The CFTC’s amendment would expand the types of … Read more
The former chancellor is among those being probed by Shein as it progresses plans for a more than £50 billion London stock market listing, Sky News has learned. By means of Mark Kleinman, city editor @MarkKleinmanSky Monday May 20, 2024 12:44 PM, UK Sajid Javid, the former Chancellor of the Exchequer, has been approached for … Read more
High-end brands should ‘lean in’ and embrace the #dupe subculture that feeds on recommending duplicates or cheaper alternatives to luxury products, social media experts advise. Dupes, counterfeits and brand imitators are not new: the first wave of beauty YouTubers highlighted cheaper products as early as 2010. But in the past, buying imitation items was mainly … Read more
Are you forced to switch? Email elizabeth.haigh@mailonline.co.uk BT has scrapped its timetable to move all landline customers from traditional copper wired phones to digital, internet-based services, after months of campaigning by groups representing vulnerable customers and MailOnline. In a long-awaited move, the group, which is also responsible for EE customers, has abandoned the sector’s previous … Read more
Image source, Getty Images Item information Author, Dearbail Jordan Role, Business reporter, BBC News 6 hours ago Shareholders of some of Britain’s biggest water companies have withdrawn tens of billions of pounds but failed to invest, new research shows, as companies plan to increase household bills to fund future spending. Investors have withdrawn £85.2 billion … Read more
If we discovered that a business leader had made his fortune not only by making a large profit on the goods or services he sold, but also by stealing the incomes and savings of innocent members of the public – people who had no connection whatsoever their company – we would be outraged. Demands would … Read more
According to reports, second class mail will be reduced to just three days a week when billionaire Daniel Kretinsky completes his £3.5 billion takeover of Royal Mail. The businessman, nicknamed the ‘Czech Sphinx’ because of his inscrutable nature, plans to take Britain’s 500-year-old postal service fully into foreign hands for the first time. But the … Read more