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Lloyds strives to be UKs biggest fintech by selling more customer data
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Lloyds Banking Group will sell more customer data and automate governance checks in a bid to slash technology costs and reinvent itself as “the UK’s biggest fintech”. The high street lender, which has 28mn customers,…
OpenAI shares data on ChatGPT users with suicidal thoughts, psychosis
OpenAI has released new estimates of the number of ChatGPT users who exhibit possible signs of mental health emergencies, including mania, psychosis or suicidal thoughts. The company said that around 0.07% of ChatGPT users active in a given week exhibited such signs, adding that its artificial intelligence (AI) chatbot recognizes and responds to these sensitive…
Almost half of households do not see benefits of economic growth, report says
Almost half of people in Britain live in areas where economic growth does not translate into a better quality of life with a “stark” North-South divide in the spending power of households, a new report finds. Researchers at consultancy PwC said every region in the north of England, Midlands and Wales had lower spending power…
Cryptoqueen who fled China for London mansion to be sentenced over £5bn Bitcoin stash
Tony HanGlobal China Unit Metropolitan Police Qian Zhemin enjoyed a lavish lifestyle of travel and shopping before UK police discovered her stash of crypto A woman, said by police to have bought cryptocurrency now worth billions of pounds using funds stolen from thousands of Chinese pensioners, is due to be sentenced this week for money…
Lamborghini swerves away from all-electric future
Theo LeggettInternational Business Correspondent Getty The boss of Lamborghini said enthusiasm for electric cars was declining The boss of Lamborghini has said its customers still want “the sound and the emotion” of internal combustion engines, and the company will use them in its cars for at least the next decade. Speaking to the BBC at…
Bankers to get bonuses quicker under rule change
Senior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008. Senior bankers have had to wait up to eight years to collect their bonus in full to make sure the deals they were being rewarded for turned out to be profitable longer…
