Toyota and Volkswagen merge with Uber and Gett

Toyota to invest $500M in Uber in driverless cars deal

Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars. The firm said this would involve the “mass-production” of autonomous vehicles that would be deployed on Uber’s ride sharing network. It is being viewed as a way for both firms to catch up with rivals in […]

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Bank of England chief economist issues new warning on AI job threats

The chief economist of the Bank of England has warned that the UK will need a skills revolution to avoid “large swathes” of people becoming “technologically unemployed” as artificial intelligence makes many jobs obsolete. Andy Haldane said the possible disruption of what is known as the Fourth Industrial Revolution could be “on a much greater […]

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More than half of CIOs see AI as an overall job rather than a job destroyer

Over half (51%) of UK CIOs say that artificial intelligence (AI) will have a positive effect on job creation and recruitment according to new research by  recruitment specialists Robert Half Technology UK. This is more than three times the number who say that it will diminish workers’ job prospects (16%). UK CIOs were asked, ‘Artificial intelligence is changing the […]


Facebook shares tumble as growth falls short of expectations

Facebook shares tumbled by more than 20% on Wednesday after the social media network’s revenue and user growth fell short of investor expectations. The firm, which is facing backlash for its handling of fake news and privacy, said it had 2.23 billion monthly active users at the end of June. This was up 11% on […]

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New PwC report says AI will create at least as many jobs as it displaces

Artificial Intelligence (AI) will create as many jobs in the UK as it will displace over the next 20 years, a report has said. The analysis, by accountancy giant PwC, found AI would boost economic growth, creating new roles as others fell away. But it warned there would be “winners and losers” by industry sector, […]