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George Osborne joins OpenAI: ex-chancellor adds tech post to his CV

Former Tory chancellor tasked with helping ChatGPT owner develop ties with governments

Musicians are deeply concerned about AI. So why are the major labels embracing it?

Companies such as Udio, Suno and Klay will let you use AI to make new music based on existing artists’ work. It could mean more royalties – but many are worried

US puts £31bn tech ‘prosperity deal’ with Britain on ice

Pledge to invest billions in UK paused, with Washington citing lack of progress on trade barriers across pond

Why universal basic income still can’t meet the challenges of an AI economy

Andrew Yang’s revived pitch suits the automation debate, but UBI can’t fix inequalities concentrated tech wealth drives

Roomba maker iRobot bought by Chinese supplier after filing for bankruptcy

US-listed company, whose profits have been in decline since the pandemic, will be taken over by Picea

UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

Disney wants you to AI-generate yourself into your favorite Marvel movie

The media company is investing $1bn in OpenAI – and allowing its characters to be used in generated videos

Disappointing Oracle results knock $80bn off value amid AI bubble fears

Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth and big rise in spending Business live – latest updates

Disney to invest $1bn in OpenAI, allowing characters in Sora video tool

Agreement comes amid anxiety in Hollywood over impact of AI on the industry, expression and rights of creators

Nick Clegg takes role at London-based venture capitalists Hiro Capital

Former deputy prime minister, who left Meta this year, to be joined by Facebook-owner’s chief AI scientist

‘What to buy Dad for Christmas’: is retail ready for the AI shopping shift?

As shoppers ask ChatGPT for inspiration, brands scramble to ensure their products appeal to the bots calling the shots

Travel firm Tui says it is using AI to create ‘inspirational’ videos

Boss says German firm also investing in generative engine optimisation to help push it to top of chatbot responses

Elon Musk’s SpaceX ‘preparing for flotation that could value it at over $1tn’

Reports say space exploration company has begun talks about stock market listing that could raise more than $25bn

Trump clears way for Nvidia to sell powerful AI chips to China

Commerce department finalising deal to allow H200 chips to be sold to China as strict Biden-era restrictions relaxed

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