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Honey, I shrunk the data centres: Is small the new big?
Zoe KleinmanTechnology editor AFP via Getty Images Large numbers of vast data centres continue to be build around the world One day the mighty data centre could be toppled into obsolescence by the humble smartphone, said Perplexity CEO Aravind Srinivas on a recent podcast. Speaking to host Prakhar Gupta, the AI chief argued that people…
Sunak rejects claims Covid loan scheme open to excessive fraud
The former chancellor Rishi Sunak has defended his pandemic-era Bounce Back Loan scheme against accusations that it was subject to excessive levels of fraud. He said he was aware of the risks, but given the need for speed, he would do the same again. Bounce back loans (BBLs) offered small businesses up to £50,000 with…
Car finance scandal: Payouts of £700 per driver under compensation plans
Millions of victims of car finance mis-selling could receive less compensation than previously estimated, under plans from the regulator. The Financial Conduct Authority (FCA) said payouts could result from 14 million motor finance agreements between April 2007 and November 2024. The regulator previously suggested motorists could receive less than £950 per deal, but it now…
Chancellor says she can be trusted with the UKs finances despite claims she misled the public
Jennifer McKiernanPolitical reporter Laura Kuenssberg presses Rachel Reeves on whether the public was misled before Budget Chancellor Rachel Reeves has rejected claims she misled the public about the nation’s finances in the run-up to her Budget. Reeves was challenged on the BBC to explain why she had repeatedly warned about a downgrade to the UK’s…
