Author: Arabian Media staff

Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.The writer is a research scientist and climate lead at open-source AI platform Hugging FaceWith every query, image generation and chatbot conversation, the energy that is being consumed by artificial intelligence models is rising. Already, emissions by data centres needed to train and deliver AI services are estimated at around 3 per cent of the global total, close to those created by the aviation industry.But not all AI models use the same amount of energy. Task-specific AI models like Intel’s TinyBERT and…

“I wasn’t planning on starting my benefits until age 67, but that will put her at 76.” Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The financial backer of a groundbreaking class action lawsuit against Mastercard has accused a court of granting it an “unreasonable” financial return in the latest blow for litigation funding in the UK.Innsworth, owned by US hedge fund Elliott, hit out on Tuesday at the Competition Appeal Tribunal, warning that the amount awarded to the funder risked deterring the industry from backing other claims.The CAT signed off on a £200mn settlement that Mastercard reached late last year with former financial ombudsman Walter Merricks,…

Concerns are being raised that many seniors have been sold the insurance plans against their interests. Source link

Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Paul Marshall, the hedge fund boss and co-owner of GB News, has called for the BBC to be broken up or sold, in a speech describing the national broadcaster as “an embodiment of anti-competitive market distortion”.Marshall, who also owns The Spectator magazine and online media group UnHerd, gave a lecture at Oxford university on Tuesday arguing that the BBC was “held to a lower standard of impartiality than any other channel” and that it marks its “own homework”. He described the BBC as…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Reform UK mayor has signed up to a new body that backs green energy investment, despite his party nationally vowing to wage war on net zero and local renewables projects.Hull and East Yorkshire’s Luke Campbell, who won the area’s newly formed mayoralty in early May, was among eight northern mayors to launch a cross-party partnership on Monday called The Great North.Green energy is the first of four priorities listed by the body, alongside strengthening trade links with the north, furthering devolution…

In what may be a final hurrah before consumers experience tariff-related sticker shocks, the average prices of some popular Memorial Day barbecue foods are down compared with last year. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Google plans to overhaul its search engine to add features that will allow it to function similarly to an AI chatbot, as the company races to compete with rivals such as OpenAI.From Tuesday, all US users will be able to activate “AI mode” in Google search and Chrome browser that will provide a conversational, question and answer experience akin to OpenAI’s ChatGPT, rather than a traditional list of links.Sundar Pichai, chief executive of Google’s parent Alphabet, described the move as a “total…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese investment in Europe rose for the first time in seven years in 2024, driven by a surge in electric vehicle and battery projects in Hungary, even as Chinese firms increasingly shunned the UK, Germany and France.Total Chinese foreign direct investment in the EU and UK climbed 47 per cent to €10bn last year, according to data from the Berlin-based Mercator Institute for China Studies and consultancy Rhodium Group. While the rebound marked a break in the downward trend, total FDI was…

Without bubbles, there would be less risk-taking and innovation. Source link