IPPR: 8M UK careers at risk of ‘job apocalypse’ from AI

A report by the Institute for Public Policy Research (IPPR) sheds light on the potential impact of AI on the UK job market. The study warns of an imminent ‘job apocalypse’, threatening to engulf over eight million careers across the nation, unless swift government intervention is enacted. The report identifies two key stages of generative …

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Large language models could ‘revolutionsise the finance sector within two years’ – AI News

Large Language Models (LLMs) have the potential to improve efficiency and safety in the finance sector by detecting fraud, generating financial insights and automating customer service, according to research by The Alan Turing Institute. Because LLMs have an ability to analyse large amounts of data quickly and generate coherent text, there is growing understanding of …

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STFC Hartree Centre signs agreement with Lenovo for state-of-the-art supercomputer – AI News

The Science and Technology Facilities Council (STFC), a UK government agency that carries out research in science and engineering, has signed an agreement with Lenovo for the installation of a powerful new supercomputer for the STFC Hartree Centre. Ten times more powerful than its predecessor, but using less electricity thanks to Lenovo’s direct water cooling, …

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Stanhope raises £2.3m for AI that teaches machines to ‘make human-like decisions’ – AI News

A pile of Sterling notes.

Stanhope AI – a company applying decades of neuroscience research to teach machines how to make human-like decisions in the real world – has raised £2.3m in seed funding led by the UCL Technology Fund. Creator Fund also participated, along with, MMC Ventures, Moonfire Ventures and Rockmount Capital and leading angel investors.  Stanhope AI was …

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UN passes first global AI resolution

The UN General Assembly has adopted a landmark resolution on AI, aiming to promote the safe and ethical development of AI technologies worldwide. The resolution, co-sponsored by over 120 countries, was adopted unanimously by all 193 UN member states on 21 March. This marks the first time the UN has established global standards and guidelines …

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