AI regulators in the UK are under resourced, Tories turn to TikTok to promote National Service

Regulators for artificial intelligence in the UK are "under-resourced" compared to developers of the technology, the Commons science committee chief has warned. Outgoing chairman of the Science, Innovation and Technology Committee, Greg Clark, said he is "worried" by the gap between regulators and the "finance that major developers can command". In a report produced by…

UK tech talent could earn 35% more switching to AI role, data reveals

The average UK tech worker could increase salary by around £20,518 (35.8%) by switching to an AI-based role.  Employees skilled in Structured Query Learning (SQL) could see a salary increase of £10,736 (18.8%) by switching to Python. Deep Learning is more in demand than Machine Learning, and making the switch could net employees a salary increase of £16,024…

How Tech Companies Using Credit Scoring To Determine Eligibility

In the UK, tech companies are increasingly venturing into the financial sector, offering products like loans, credit cards, and buy-now-pay-later (BNPL) services such as Klarna. A critical component of determining eligibility for these financial products is credit scoring.  This system assesses a customer's creditworthiness and risk level, allowing companies to make informed lending decisions. Here's…

High-growth firms expect AI and GenAI to transform industry, claims report

Generative AI (GenAI) and AI will significantly transform industries in the future, according to 81% of global (UK: 75%) respondents to the Dell Technologies Innovation Catalyst Research. This rises to 91% (UK: 88%) for organisations reporting high (+25%) 2023 revenue growth and dips to 75% (UK: 65%) for those reporting low growth (1-5%), flat revenue or decline. Based on responses…