Wednesday briefing: From missing billions to nonexistent datacentres, inside Britain’s AI drive In today’s newsletter: Enormous investments in artificial intelligence promised to transform Labour’s growth problems. The reality is much murkier
Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’ A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details
British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board London-based startup, which is vital to the government’s AI ambitions, is now valued at $14.6bn
OpenAI delays ‘adult mode’ for ChatGPT to focus on work of higher priority Startup still believes in ‘principle of treating adults like adults, but getting experience right will take more time’
Nigel Farage invests £215,000 in Kwasi Kwarteng’s bitcoin firm Reform UK leader strengthens ties with crypto sector with stake in former Tory chancellor’s company Stack BTC
Current and former Block workers say AI can’t do their jobs after Jack Dorsey’s mass layoffs: ‘You can’t really AI that’ The CEO said he cut the company’s workforce by 4,000 people – almost in half – because of gains in AI productivity
Tech oligarchs reshape humanity while billionaires of old seem quaint From Gates to Musk and Altman, today’s ultra-rich steer AI and tech, raising questions about who decides the future
Crypto billionaire Christopher Harborne no longer interested in Reform-Tory pact Donor who has given £12m to Reform UK had previously wanted Nigel Farage to keep open mind about deal with Conservatives
Union tries to seize control of works council at Tesla’s German factory Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions
Europe’s next-generation fighter jet project may collapse if row continues, says warplane maker Dassault Aviation says €100bn project may soon be ‘dead’ if Airbus will not agree on how to share workload
Nvidia and UK Wealth Fund invest in British autonomous driving startup Oxa Oxford-based firm has raised $103m for commercial development of software for self-driving industrial vehicles
What was really behind Jack Dorsey laying off nearly half of Block’s staff? CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play
OpenAI amends Pentagon deal as Sam Altman admits it looks ‘sloppy’ ChatGPT owner’s CEO says it will bar its technology being used for mass surveillance or by intelligence services
UK firms in Middle East face heightened threat from Iran hackers, agency warns National Cyber Security Centre urges increased vigilance over risk of indirect attack by hacktivists amid conflict