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Meta CEO presents utopian vision of AI in 6,000-word essay amid Silicon Valley debate over government regulationMark Zuckerberg published a lengthy essay on Monday detailing his views on artificial intelligence and announced several plans for how Meta would develop the technology in the future. The CEO’s essay went online the same day as Meta released a new, open-source AI model that seeks to rival Anthropic and OpenAI’s products called Muse Glimmer.Over the course of more than 6,000 w

Two senior engineers are leaving company to launch startup amid fears Google is falling behind in AI raceSir Demis Hassabis is stepping down as chief executive of Google DeepMind, in a leadership overhaul of the UK-based AI research lab.Hassabis, a Nobel prize recipient, is leavi

Louise Haigh says taxpayer money must benefit local communities amid backlash from environmental groupsMinisters will scrap the requirement for companies to prove their green and progressive values before they are awarded government contracts, and instead ask firms to prove they will help young people back into work.As part of a government push to reduce the number of people not in education, employment or training (Neets) in the UK and boost regional growth, public sector buyers will

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PMBP boss urges Burnham to prioritise UK oil and gasRevealed: major oil firms make $93bn profits amid war and climate crisisBP will ignore “sentiment” and “history” in pruning its portfolio of assets, says its new-ish boss, Meg O’Neill. She demonstrated as much last week when putting the company’s 60-year-old North Sea oil and gas business up for sale, explaining o

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damageEight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by

Robust action is needed to protect European industries from unfair competition. The alternative is social strife amid growing insecurityAccording to a recent analysis, China enjoys a surplus in its manufactured goods trade with the European Union that is roughly equivalent to Italy’s national income. That trade disparity, it is estimated, continues to grow by about 30% each year. The stark implication, according to a paper from Centre for European Reform, is that Europe, with Germany i

Brent crude jumps 3.4% and European markets drop, with airlines including Ryanair among hardest hitBusiness live – latest updatesOil prices jumped and stocks fell after the US launched a fresh wave of attacks against Iran amid an escalating standoff over the strait or Hormuz.Brent crude, the international benchmark for oil prices, rose 3.4% to $78.59 a barrel on the renewed hostilities in the Middle East. It had been trading at $72.48 before the outbreak of the war in February, and hit

Disruption at Channel crossings expected to rise amid new fingerprint and facial recognition checksFrance and the UK have agreed to increase staffing at border controls in response to warnings of travel chaos caused by new fingerprinting and facial recognition checks.Disruption at Channel crossings is expected to rise sharply next weekend at the start of the summer holiday season, with MPs saying there would be “utter chaos and miles of tailbacks” unless the EU’s entry-exit system (EES

Government to launch consultation after Everton’s deal with Stake.com went ahead amid warnings from Gambling CommissionMinisters are poised to launch a crackdown on unlicensed casinos sponsoring British sports teams, amid criticism that a delay to the proposals has opened the door for offshore gambling firms to strike lucrative deals with Premier League clubs.Progress with plans to kick unlicensed gambling operators out of football has stalled since February, when the Department for Cu

Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale pr

Questions swirl about origins of gifts, loans and donations as even party supporters wonder if it can weather the stormUK politics live – latest updatesWhy is Farage quitting as an MP, only to stand again?Scrutiny is mounting on Reform UK’s finances.On Tuesday, amid an investigation by parliamentary standards into an undisclosed £5m gift, Nigel Farage announced he would resign and trigger a byelection in his constituency of Clacton-on-Sea. Continue reading...

MPs demand publication of full report that outlines catastrophic consequences amid concerns for food securityMembers of parliament have demanded full publication of an explosive report by the UK’s spy leaders that found the collapse of ecosystems overseas would have catastrophic consequences for the UK’s national security, warning that the UK has “no future” if the findings are not urgently acted on.Despite growing concerns for the UK’s food security, likely to be worsened by the third