Standard Chartered said it would cut 15% of its corporate function roles by 2030. Standard Chartered said it would cut 15% of its corporate function roles by 2030. Standard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence. The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer as it seeks to increase its profitability and tackle competition. StanChart said on Tuesday it would cut 15% of its back-office roles by 2030, which would result in about 7,800 redundancies out of its more than 52,000 staff in such roles.

Elon Musk, left, and Sam Altman. Elon Musk, left, and Sam Altman. How Sam Altman's victory over Elon Musk clears way for OpenAI's trillion-dollar ambitions OpenAI's plans now seem all but guaranteed, given that the world's richest man couldn't put a stop to them On Monday morning, a jury in Oakland, California, handed a resounding victory to Sam Altman and OpenAI in their long, bitter courtroom battle with Elon Musk. The federal jury found Altman, OpenAI and its president, Greg Brockman, not liable for Elon Musk's claims that they unjustly enriched themselves and broke a founding contract made with Musk when founding the startup. The unanimous verdict, delivered after less than two hours of deliberation, is a stark rebuke of Musk and his lawyer's claims that Altman "stole a charity" through his leadership of OpenAI.

People attend a jobs fair in London. Only 24% of the members of public surveyed thought AI was a positive thing for humanity. People attend a jobs fair in London. Only 24% of the members of public surveyed thought AI was a positive thing for humanity. One in three university students think AI will wipe out jobs so rapidly it will trigger civil unrest, according to a survey by King's College London (KCL).

The federal jury in Oakland, California, found Altman, OpenAI and its president, Greg Brockman, not liable for Elon Musk's claims that they unjustly enriched themselves and broke a founding contract made with Musk when founding the startup. The verdict, delivered after less than two hours of deliberation, is a stark rebuke of Musk and his lawyer's claims that Altman "stole a charity" through his leadership of OpenAI . It also provides the AI firm with a clear path ahead to pursue going public later this year at about a $1tn valuation . The jury's finding is a non-binding, advisory verdict that left Judge Yvonne Gonzalez Rogers with ultimate power to issue her own ruling in the case. Gonzalez Rogers immediately said that she would agree with the jury's decision and dismissed Musk's claims.

The pope's encyclical will address'the protection of the human person in the age of AI', the Vatican says In the first major text of his papacy, Pope Leo will address the rapid rise of artificial intelligence . The Chicago-born pontiff will present the document, known as an encyclical, at the Vatican next week during an event attended by Christopher Olah, the co-founder of Anthropic - a US-based AI firm that has clashed with Donald Trump's administration. The encyclical will address "the protection of the human person in the age of artificial intelligence", the Vatican said on Monday. In a break from tradition, Leo, who was elected pontiff in May last year, will launch the document during a public presentation on 25 May. He will be joined by lay speaker Olah of Anthropic, which is in the middle of a high-profile lawsuit with the Trump administration over the ethics of AI, as well as theologians Anna Rowlands and Léocadie Lushombo.

Campaigners say women and girls often struggle to get intimate images removed once they are shared online. Campaigners say women and girls often struggle to get intimate images removed once they are shared online. Ofcom to update codes of practice amid rise in'revenge porn' and AI-generated deepfakes targeting women and girls Social media, messaging platforms and online forums that publish intimate image abuse - often intended to humiliate women and girls - are being instructed to follow new guidelines to stop it spreading. Ofcom said it would change its codes of practice to force service providers to detect and quash intimate image abuse - sometimes called "revenge porn" - and crack down on AI-generated deepfakes. A wave of deepfakes emerged in January when Elon Musk's Grok AI was widely used to create sexualised videos of women in bikinis.

Digital rights experts have raised concerns about the security of the data recorded by AI in psychiatrists' sessions. Digital rights experts have raised concerns about the security of the data recorded by AI in psychiatrists' sessions. Melbourne psychiatrist refuses new patients who don't consent to AI note-taking A Melbourne psychiatrist has refused new patients unless they agree to allow her to use an AI scribe to transcribe the conversations in their sessions. AI-driven note taking tools are becoming popular within the medical industry - with two in five general practitioners now using such scribes, according to the Royal Australian College of General Practitioners (RACGP). But there have also been concerns about the security of the data and how it might be used by the AI companies, along with the accuracy of the transcriptions.

Anthropic is to brief the global finance watchdog on the implications of its Claude Mythos AI model, whose potential threat to cyber defences has alarmed experts. The US startup will discuss Mythos with the Financial Stability Board (FSB), which is chaired by the governor of the Bank of England, Andrew Bailey. Anthropic has declined to release Mythos publicly after announcing the AI model had advanced capabilities in highlighting previously unknown flaws in IT systems that could be used by hackers. Instead, the company has given access to Mythos to a group of tech companies and banks, including Apple and JP Morgan, to help them identify any weaknesses that the AI model might locate. An FSB spokesperson confirmed the plan, saying the body "welcomes engagement with Anthropic and other firms on emerging and frontier risks to global stability".

A former Google CEO, Eric Schmidt, was met with students' boos at a university commencement address in Arizona on Sunday when he raised the topic of artificial intelligence (AI) and its effects. Schmidt - who led the tech giant for more than a decade, acquiring a multi-billion dollar fortune in the process - was speaking to as many as 10,000 graduating University of Arizona students when he addressed the impact of modern technology on society. The topic struck a nerve of anxiety within the student body when he traced technology's evolution, through the laptop - which he said had "democratized knowledge" and led to prosperity - to the smartphone, the internet and social media. "We thought that we were adding stones to a cathedral of knowledge that humanity had been constructing for centuries, but the world we built turned out to be more complicated than we anticipated," Schmidt said. "The same tools that connect us also isolate us. The same platforms that gave everyone a voice - like you're using now - degraded the public square," he added, referring to the polarization within democracies.

'According to Kurz, technological moguls have long seen themselves as superior beings whose natural role is to shape society - so they have no problem disrupting the institution of democracy.' 'According to Kurz, technological moguls have long seen themselves as superior beings whose natural role is to shape society - so they have no problem disrupting the institution of democracy.' 'Capitalism has to become more humane': a Stanford economist on big tech, power hoarding and democracy T he billionaires of today are unusually aggressive in their hoarding of cultural and technological influence, according to Mordecai Kurz, a Stanford economist whose research connects monopoly power with political and economic inequality. In his new book, Private Power and Democracy's Decline, publishing 19 May, he argues the US is living through an extreme version of a pattern that has repeated itself since industrialization: technological power concentrating in the hands of a few, which is eroding democracy. According to Kurz, technological moguls have long seen themselves as superior beings whose natural role is to shape society - so they have no problem disrupting the institution of democracy.