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Amid public concern over the impact of new technology, Silicon Valley’s use of its wealth to influence specific election races is an unwelcome developmentAs the huge societal ramifications of artificial intelligence have become clear, some of the tech industry’s most senior figures have taken to writing thinkpieces on what comes next. The latest to do so is Mark Zuckerberg, who this week published 6,500 words making the case for a laissez-faire approach to AI development. Worrying too

As someone who has specialised in regional policy, I know the task is huge – not least because there is no plan to ensure prosperity throughout EnglandAndy Burnham is off on his travels this week, aiming to reconnect No 10 and the government with voters and communities across the UK. But just weeks before he set out his stall as prime minister, promising to rebalance the economy with growth in every postcode, a government agency, National Highways, underlined the pulling power of the c

Incoming prime minister has set out distinctly leftwing vision while also promising to be pro-businessAs an incoming prime minister promising huge change, one of the strongest criticisms Andy Burnham has faced so far is that he has failed to provide the details of what he plans to do.The new Labour leader, who will be made prime minister on Monday, has thus far set out a distinctly leftwing vision, while also pledging to be “pro-business”. Continue reading...

Bates oversaw eventful 21-year period in club’s historySubsequent ownership of Leeds was hugely troubledKen Bates, one of the most colourful and controversial figures in the history of English football, has died aged 94, Chelsea have announced.The club reported on Saturday afternoon that Bates had died peacefully in Monaco surrounded by his wife and family. “It is with great sadness that we share the news of the loss of Ken Bates, former owner and chairman of Chelsea Football Club. Con

SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentresSouth Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales.The Asian semiconductor giant plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index later in the day. Continue reading...

Newly minted rich and those anticipating huge IPOs are fueling buying and charter spree in the private jet sectorSign up for the Breaking News US newsletter email Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, ⁠burying her in paperwork for aircraft-purchase agreements.The ⁠attorney, based in Cleveland, Ohio, attributed the rush to a handful ​of major “liqui