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Bank of England warns of AI bubble risk
Posted onArchie MitchellBusiness reporter PA Media The Bank of England has warned of a “sharp correction” in the value of major tech companies with growing fears of an artificial intelligence (AI) bubble. It said share prices in the UK are close to the “most stretched” they have been since the 2008 global financial crisis, while equity…
Sam Altman backs Anthropic in AI battlefield row with Pentagon
Posted onOn Friday morning, groups representing roughly 700,000 tech workers within Amazon, Google, and Microsoft, all companies that have their own contracts with the Defence Department, signed an open letter urging the companies they worked for to also “refuse to comply” with the Pentagon’s demands.
Castore co-founder: If fans couldnt afford kits they wouldnt pay
Posted onCastore Tom Beahon set up Castore with his brother Phil in 2015 The co-founder of premium sportswear firm Castore has defended the price of replica football kits. Tom Beahon, who set up the company with his brother Phil in 2015, maintains that if fans could not afford to buy the official merchandise then the market…
River Island allowed to shut shops to stave off collapse
Posted onRachel Clun Business reporter, BBC News Getty Images River Island has been given the green light to close 33 stores across the UK after the High Court approved the fashion retailer’s restructuring plans. The High Street brand said a customer shift towards online shopping and higher operating costs had contributed to multi-million pound losses. It…
