Section

Business & Money

Companies, markets, work and the wider economy.

Latest stories

Money From The Guardian Business

OpenAI boss and Elon Musk back calls to put brakes on ‘reckless’ AI development

Rare show of unity from rival developers after safety warnings from Anthropic boss and AI researchers The Guardian view on controlling AI: humanity cannot outsource its survival Sam Altman and Elon Musk have backed a call from the head of Anthropic, Dario Amodei, to “slow the pace” of AI development after he warned that an AI swarm could otherwise become capable of “taking over the entire internet” within a year. In a rare show of unity, the rival technology leaders threw their weight behind the appeal from the founder and chief executive of the artificial intelligence company Anthropic, which came after a series of warnings from AI researchers last week. Continue reading...

Money From Sky News Business

Eagle holds first talks with Thames Water chiefs amid bailout crisis

Angela Eagle, the new environment secretary, held her first face-to-face talks with Thames Water bosses this week as Britain's biggest water utility and the creditors trying to rescue it seek clarity over Andy Burnham's desire for "greater public control" of the industry.

Money From The Guardian Business

Why is the Trump administration calling bike lanes ‘DEI’? | Dave Schilling

The government apparently has an issue with paths for cyclists. Take it from someone who can’t ride a bike: this makes no sense I’m out of gas. Not metaphorically. Literally, my car has the barest minimum amount of fuel in it. This is not because I like to live dangerously, a la the great literary hero Austin Powers, but because gas is more expensive than ever. I have nowhere to be today, so I’m allowing my car to sit idle, empty and alone, lest my bank account disappear into the Phantom Zone of negative balance. If things get sticky, I can take public transit or, God forbid, ride a bike. Except I can’t ride a bike, thanks to my parents, who were too busy doing more important tasks than teaching me, like arguing or falling asleep. But for many Americans, riding a bike is a perfectly normal thing to do. Am I humiliated that one of the many basic skills for life that I don’t know is considered so simple that it became a common idiom for something that’s easy? Yes, of course. I don’t live dangerously, I live humiliatingly. Humiliation is my middle name. Dave Humiliation Schilling. Go on, point and laugh at the photo of me in this article. Get it out of your system so we can move along. Dave Schilling is a Los Angeles-based writer and humorist Continue reading...

Money From The Guardian Business

‘Trump accounts’ promise to mint child millionaires. Experts have their doubts

President has hyped growth of federal investment accounts to help US children – for his own political gain Since returning to the White House, Donald Trump has scrapped rules that made childcare more affordable and pushed to cut funding for the nation’s public schools. But with midterm elections fast approaching and his approval ratings very low, the US president has repeatedly trumpeted a two-month-old program designed to help the nation’s children. That program, unhumbly named “Trump accounts”, calls for the federal government to give a one-time $1,000 seed deposit to every newborn whose family applies. In campaign speeches this summer, Trump has sought to milk these accounts for maximum political advantage, making big promises about how much these accounts will help the nation’s children. In a speech in Las Vegas last month, Trump hailed the program, saying: “It’s really giving [children] a head start on the American dream… They start off with $1,000 … and they can end up with $100,000, $200,000, $300,000” and if the stock market booms, “you’d end up with $1m”. Continue reading...

Money From The Guardian Business

Many professionals take continuing education. Let’s add etiquette classes | Gene Marks

This type of training is needed now more than ever, as the American workplace gets more and more diverse As a certified public accountant, I’m required to earn at least 80 hours every two years of continuing professional education credits. Many other professions and trades, including lawyers, healthcare professionals, engineers, electricians, plumbers and certain contractors, have similar requirements. It’s a good idea. These professional requirements often also include ethics training. That’s a good idea too. But just getting a refresher on ethics isn’t enough. Something else is needed – something that’s even more important: etiquette. Continue reading...