Rolls-Royce boss pushes for UK taxpayer support for new jet engine

Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planes

WPP to sell assets and cut jobs in radical shake-up to counter AI threat

Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028

Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demand

Consulting firm keen to increase uptake of technology and is reportedly monitoring adoption by workforce

Industry using ‘diversionary’ tactics, says analyst, as energy-hungry complex functions such as video generation and deep research proliferate

Videos created by new Seedance 2.0 generator go viral, including one of Tom Cruise and Brad Pitt fighting

Maker of chatbot with coding ability says annualised revenue grew tenfold in each of past three years, to $14bn

SemiCab platform by Algorhythm, previously considered a ‘penny stock’, sparks ‘category 5 paranoia’ across sector

Relx remains confident even as the market flips from seeing it as an AI winner to fearing its profit margin will implode

Drop comes as AI firm Altruist launches service that helps advisers create personalised tax strategies

Tech giants Alphabet, Amazon, Microsoft and Meta to collectively invest $600bn on artificial intelligence this year

SpaceX’s acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questioned

Digital pinboard business cutting 15% of workforce as it invests heavily in AI

‘Mid-career’ female workers also being sidelined by rigid hiring processes, says City of London Corporation

Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private company