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Payouts for Mohamed Al Fayed victims could top £150million as lawyers accuse Harrods compensation scheme of being ‘not fit for purpose’
A law firm representing survivors of alleged abuse by former Harrods owner Mohamed Al Fayed has claimed that total compensation payouts could reach £150million, far exceeding the sums Harrods has set aside. KP Law, acting for more than 275 survivors, argues the true value of claims is likely two to three times higher than the…
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AI-linked stocks fall after call for development slowdown worries investors – business live
AI-linked stocks fell sharply across global markets after leading industry figures backed Anthropic’s call for a slowdown in AI development, though Donald Trump dismissed the concerns as a “sick conspiracy” against the sector. The tech-heavy Nasdaq dropped 0.8% on Monday as investors sold off US chip and memory stocks, in a sign that market jitters…
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Sam Altman reveals two ways AI can go ‘very badly’ as he addresses concerns following chilling warning from whistleblower
Sam Altman, chief executive of OpenAI, has said artificial intelligence could go “very badly” in two specific ways, in a call to slow the technology’s rapid development. Writing on X, Altman said the first danger would be losing control over AI’s future, which he called “unacceptable,” while the second would be an excessive concentration of…
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AI CEOs say they need to slow the pace of development. But will they?
Facing public alarm over Anthropic researchers’ warnings that AI could pose existential risks by 2030, chief executive Dario Amodei published a proposal at the weekend urging the industry to “pace” the development of frontier AI systems to safeguard the public. Rivals including OpenAI’s Sam Altman, Google DeepMind’s Demis Hassabis and xAI’s Elon Musk quickly voiced…
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Anthropic CEO likens AI fight with China to Cold War, seeks ‘disarmament negotiations’
Anthropic CEO Dario Amodei has compared the escalating US-China artificial intelligence race to the Cold War, arguing that both nations should pursue “disarmament negotiations” to manage the risks posed by advanced AI. Speaking to CBS Sunday Morning, he said that despite America’s rivalry with China, the situation echoes the nuclear standoff with the Soviet Union,…
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Sam Altman says OpenAI won’t file for IPO this year
OpenAI chief executive Sam Altman has said the company will not file for an initial public offering in 2026, describing the current period as “an ill-advised moment to go public” given heightened scrutiny of AI safety. His comments, made in an interview with Fortune, contradict earlier reports suggesting OpenAI could file for a listing as…
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The 9 buzziest startups from Y Combinator’s latest Demo Day, according to VCs
Y Combinator’s latest Demo Day, held on a Thursday in September 2026, featured a batch of startups skewing heavily towards “deep tech” compared with previous cohorts, according to TechCrunch’s regular survey of early-stage venture capitalists. Investors described the technology on show as feeling “like science fiction,” though they noted valuations across the batch were more…
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Trump and Mike Johnson think the AI industry is overreacting
Donald Trump and House Speaker Mike Johnson have pushed back on growing calls within the AI industry to slow the pace of development, arguing that doing so risks letting China overtake the United States. Their comments follow an open letter from Anthropic CEO Dario Amodei urging the sector to “pace the frontier,” a call that…