Bank of England Warns AI Company Valuations Pose Financial Stability Risk
The central bank's Financial Stability Report highlights stretched AI valuations alongside private credit and gilt repo trading as elevated risk factors.
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The central bank's Financial Stability Report highlights stretched AI valuations alongside private credit and gilt repo trading as elevated risk factors.
The Government Digital Service reports strong adoption of its personalised mobile app, with over 80% of users customising their experience during the public beta.
The consultancy merges divisions into 'Reinvention Services' and introduces new employee label as it threatens to exit workers who cannot adapt to AI.
Chinese AI startup releases two powerful models under MIT licence, achieving gold-medal performance in international competitions while slashing inference costs by 70%.
The race to build AI infrastructure is creating unprecedented opportunities for skilled trades, with workers earning over $200,000 annually at data centre sites.
OpenAI invests in its own investor's management services arm, embedding teams to demonstrate AI automation in IT services and accounting workflows.
Apple's head of AI departs after seven years as the company struggles to keep pace with competitors on generative AI features and Siri upgrades.
Starship Technologies' autonomous delivery robots extend beyond Co-op groceries to serve multiple Uber Eats merchants across Leeds neighbourhoods.
UK budget watchdog predicts AI could lift productivity growth by 0.8 percentage points within a decade, but most gains will arrive too late for current government.
Three years after ChatGPT's debut, OpenAI faces mounting challenges as Google's Gemini 3 leapfrogs GPT-5 and Anthropic gains enterprise ground.
Europe's largest lender partners with French AI start-up Mistral to deploy generative AI for financial analysis, translation and document processing.
McKinsey, BCG and Big Four firms hold starting pay flat for third year as AI reshapes consulting, with UK graduate recruitment potentially halving.
Palantir shares dropped 16% in November as investors fled AI stocks over valuation concerns, with analyst warnings and Michael Burry betting against the company.
New ODI and Nortal research finds councils piloting AI risk building on weak data foundations, with most datasets unfit for algorithmic use.
UK barristers receive updated guidance on using AI tools following High Court rulings involving hallucinated judgments and fake cases cited in court.
James Cook Hospital researcher launches UK-wide survey to understand patient preferences on AI disclosure in healthcare imaging.
Particle6 founder argues AI performers will create more work for actors by enabling productions that otherwise wouldn't get made.
The venture capitalist shares prompting strategies that transform AI from a simple tool into the 'world's best coach and advisor'.
Nevada County DA acknowledges using AI that produced inaccurate legal citations, raising concerns about AI reliability in criminal justice.
Ranil Boteju joins CBA as Chief AI Officer after delivering 50+ generative AI initiatives at Lloyds Banking Group.
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