What do Trump’s $500bn Stargate initiative and regulatory cuts mean for AI safety?
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President Donald Trump has announced a $500bn (￡406bn) joint investment initiative called Stargate, focused on building domestic artificial intelligence infrastructure. At the same time, he has axed ex-president Joe Biden’s executive order on AI safety, signalling a divergence from the regulatory landscape in major powers such as Europe and China.
Speaking at the White House on Tuesday, Trump said Stargate will, with its initial $100bn (￡81bn) in funding, create the “physical and virtual infrastructure to power the next generation of AI” and create 100,000 new jobs.
Trump is leading a schism in AI, between factions focused on investment and those more interested in regulation. So, asks tech writer Tamlin Magee , what does this mean for AI safety? Read more.
You’ve raised prices – now?what??
Warren Buffet once said: “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10%, then you’ve got a terrible?business.”?
The prospect of spiralling price rises will weigh?heavily on the minds of finance leaders. More than half (55%) of the 4,800 UK businesses recently polled by the British Chambers of Commerce said they expected to raise prices this year. Ever since Labour announced an increase in taxes related to employing people in the October budget, firms have been searching for ways to protect their balance sheet?against the additional costs.?
Businesses that pass rising day-to-day costs on to consumers, however, risk scrutiny and backlash. Here's how to avoid that, writes finance writer Sam Birchall . Read more.
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How should HR approach the current hiring recession?
The UK labour market is becoming increasingly difficult to navigate, both for employers and for jobseekers.?Unemployment levels rose to 4.4% in the three months to November, the latest figures from the Office for National Statistics show. Meanwhile, the number of job vacancies dropped for the 30th consecutive period, with 24,000 fewer job openings in Q4 2024 than in?Q3.
Falling vacancies and rising unemployment come alongside a 5.6% increase in employees’ average annual earnings in September to November 2024.?Increases in the minimum wage and employers’ national insurance contributions, which enter into force in April, will add to the cost of employment and are expected to further reduce employers’ appetite for?hiring. HR editor Sam Forsdick explores what people leaders can do about it. Read more.
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