Racist and sexist AI bots are a risk to the financial system, warns Bank of England

[ad_1] Racist and sexist artificial intelligence (AI) bots pose a risk to the financial system, Bank of England officials have warned. Self-teaching algorithms could be able to pick up biases…

‘I was staring at 25 years in a US prison. Then I went straight and made millions’

[ad_1] Unlike many businessmen, entrepreneurship did not come naturally to him. “You hear these stories of people selling multipack Mars Bars for profit when they’re at school, but that was…

Weekend Bites: India-Canada-Khalistan, women’s Bill, and drugs on drones

[ad_1] India, Canada, and Khalistan are a potent mix. And that is not breaking news.   In February 2018, Canadian Prime Minister Justin Trudeau had an eventful week in India.…

Musk calls for ‘referee’ for AI as tech moguls gather for forum

[ad_1] The heads of some of the biggest tech companies, including X, Meta, Microsoft, Alphabet and OpenAI, gathered to discuss AI policy in Washington DC. Tesla CEO Elon Musk called…

Arm valued at $52bn in New York stock market listing

[ad_1] The British microchip company Arm has priced its New York IPO at $51 a share, giving it a valuation of more than $52bn (£42bn) ahead of its Wall Street…

Why the US government is suing Google and what it means for Big Tech

[ad_1] In what’s shaping up to be a landmark case, Google risks being broken up if it is found to have broken antitrust laws in the United States. The US…

Facebook scraps $1.6bn funding scheme as Sir Nick Clegg project fails

[ad_1] Facebook’s Community News scheme was previously described by Sir Nick as something that “keeps journalism sustainable”. In the UK, Meta invested about £13.5m into creating trainee posts over the…

We’re squandering billions on a robot revolution that will not come

[ad_1] That is despite vast amounts of investment. In 2021, the venture capital industry poured $17bn (£13bn) into the sector, and almost as much last year, and that is just…

How Nvidia became the world’s most important company overnight

[ad_1] To a degree, Huang is fortunate his video game chips are so well suited to AI, but his allies reject suggestions he simply stumbled upon a pot of gold.…

Tech companies in spotlight as EU’s new digital rules come into force

[ad_1] The EU Digital Services Act, which comes into force this week, is leading to big changes in how Internet giants operate in Europe. The European Union’s Digital Services Act…