Google to launch own version of Microsoft’s ChatGPT: AI will ‘soon’ be integrated into search engine February 7, 2023 Google is launching its own artificial intelligence (AI) chatbot following the success of Microsoft-backed ChatGPT. The company said the product, named Bard, will be released to the public in the coming weeks and will provide written answers to questions in split seconds. AI will also “soon” be integrated into the company’s search engine to provide [...]
Robot laws: First barrister to use AI in Old Bailey murder trial urges government to push forward cutting edge tech February 7, 2023 The first barrister to use an Artificial Intelligence (AI) tool in an Old Bailey murder trial has called on the UK’s Ministry of Justice (MoJ) to invest in the cutting edge technology. Sally Hobson, a criminal defence barrister at London chambers The 36 Group, told Morning Wire AI tech has the potential to “save huge [...]
Dell cuts almost 7,000 jobs as computer sales fall February 6, 2023 Dell has revealed plans to axe five per cent of its global workforce amid failed restructuring efforts and falling consumer demand for computers. “This is a difficult decision that was not made lightly, and we’ll support those impacted as they transition to their next opportunity,” a spokesperson for Dell said. Chief operating officer Jeff Clarke [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Digital pound coming this decade, unpublished Treasury and BoE report suggests February 5, 2023 The Bank of England (BoE) and the Treasury are convinced that a central bank digital currency (CBDC) is becoming increasingly necessary, an unpublished report seen by the Daily Telegraph suggests. “On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be [...]
Safety first as Volvo’s EV UK sales accelerate, but shares still take a hit February 3, 2023 The UK remains a key market for automaker Volvo, along with Italy and Belgium where its models shifted faster than anywhere else. The Swedish carmaker, which is majority owned by China’s Zhejiang Geely Holding Group, said its global sales were up two per cent last month to 48,520, from the same period last year but [...]
China ‘looking into’ accusations of sending spy satellite ballon to US airspace February 3, 2023 China said it is looking into reports one of its spy satellite has been flying in US airspace. Foreign Ministry spokeswoman Mao Ning said China is a “responsible country” which has “always strictly abided by international laws” and “has no intention to violate the territory and airspace of any sovereign countries”. She added: “As for [...]
Apple’s first reported revenue drop in four years adds to tech woes with Google also reporting a decline in sales February 3, 2023 Apple posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone . The company’s sales of $117bn (£96bn) between October and December period were down five per cent on the same quarter the previous year, a deeper downturn than analysts had projected. [...]
Chris Woolard on BNPL, regulatory run-ins and getting financial rulemaking right February 2, 2023 The regulatory veteran wants a rulebook for the 21st century, but getting it right might trump speed, Charlie Conchie writes. Urgent. That was the word used by the former-interim chief of the City watchdog Chris Woolard when he gave his verdict on regulation of buy-now pay-later services in a landmark review two years ago today. [...]
Sony bumps up veteran CFO to president before elected decline in earnings February 2, 2023 Sony has appointed a veteran executive as its president to lead the Japanese electronics and entertainment conglomerate through times of change. Hiroki Totoki, Sony’s chief financial officer, will become president and chief operating officer, Sony said in a statement. Kenichiro Yoshida remains chairman and chief executive, signalling continuity at the Tokyo-based maker of PlayStation consoles, [...]