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The Big Four built its fortune on armies of junior consultants and accountants. PwC has started hiring fewer of them. Its US boss says that is the future, and he is comfortable with it. Paul Griggs, PwC’s US senior partner and chief executive, told Business Insider the firm hired fewer consultants and accountants this year […]
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Before Congress writes a single rule for artificial intelligence, it has already picked a supplier. In the year to the end of March, House offices spent nine of every ten visible AI dollars on one product: OpenAI’s ChatGPT. The figures come from a CNBC analysis of House disbursement records. Of $113,740 spent on named AI […]
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The Trump administration wants Chinese hardware out of American data centres. Officials are drafting a ban on Chinese-made devices used in data centres, according to Reuters, the latest move to wall off the infrastructure behind the US AI buildout from Chinese technology. The draft extends a campaign that has been widening fast. It follows a […]
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US is drafting a ban on Chinese devices in data centres Read More »
Everyone has been asking what the trillion-dollar AI buildout is actually for. A senior Google DeepMind executive has now given an unusually blunt answer. The spending, he says, is a bet on machines that improve themselves. Jasjeet Sekhon, DeepMind’s chief strategy officer, made the case at a summit at UC Berkeley. Recursive self-improvement, or RSI, […]
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The most valuable workers in technology cannot be kept, whatever the price. That is the uncomfortable admission running through the AI industry this week, as elite researchers keep hopping between labs that have offered them almost everything money can buy. The trigger was a single line in an Axios report on the talent wars. A […]
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A company whose product is an AI that hacks your network has just tripled in value. It did so in the same week that AI hacking stopped being hypothetical. Horizon3 has raised a $250m Series E at a valuation above $2bn, up from $650m a year ago. The timing is the story. Days earlier, OpenAI […]
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American Bitcoin lost money again in the second quarter, and kept buying bitcoin anyway. The Trump-family-backed miner reported a net loss of $57.2m for the three months to June, narrower than the $81.8m loss it booked the quarter before. Mining revenue rose 8% to $67m, and the company produced a record 932 bitcoin over the […]
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Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury Read More »
Most AI companies want to sell software to call centres. Yellow.ai wants to buy the call centres. The enterprise-AI firm has agreed to go public through a merger with a blank-cheque company. It plans to spend much of the money acquiring the outsourcing operators it aims to automate. The deal folds Yellow.ai into Bluerock Acquisition […]
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Yellow.ai is going public to buy the call centres it wants to replace with AI Read More »
The glamorous part of AI is the models. The expensive, unglamorous part is getting them the right data. A startup just raised $40 million betting that job is the next big enterprise layer. DataBahn, a Texas company founded in 2023, has closed a $40 million Series B led by Insight Partners, it said on Thursday. […]
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The unsexy layer AI agents actually need: DataBahn raises $40m to sell it Read More »
Meta’s answer to the “pervert glasses” problem was a small light. It switches on when the camera records, to warn anyone nearby. A sticker costing a couple of dollars switches it off. Engadget’s Karissa Bell tested the workarounds now on sale, cheap LED-blocking stickers marketed as “privacy” accessories. One kit cost $16.99 for a dozen. […]
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A $2 sticker defeats the one feature holding Meta’s ‘pervert glasses’ together Read More »