Across the country, workers are fearful about the impact of AI on their livelihoods in an increasingly fragile labour market On the tree-lined streets of Wuhan, where cars jostle for space with mopeds and cargo trucks, the malfunctioning of a new type of vehicle has recently been causing chaos on the city’s roads. In March, several cars from a fleet of driverless taxis stopped abruptly in the streets. The “system malfunction” left distressed riders stranded for hours. The robotaxis, known as Apollo Go and powered by artificial intelligence (AI), were taken off Wuhan’s streets for months for investigations. Continue reading... from The Guardian https://ift.tt/DFzlSEH via IFTTT
Treasury committee says ‘debanking’ and use of personal guarantees for loans is putting small businesses at risk
Unfair banking practices and “damaging” financial regulators are harming small businesses and putting innovation and growth at risk, parliament’s Treasury committee has warned.
A report from the committee’s inquiry into access to finance for small and medium-sized enterprises (SMEs) said a lack of supportive policies were compounding problems for firms that had survived a “torrid” five years, which included the global pandemic and energy crisis.
“Confidence amongst SMEs in accessing finance has fallen and acceptance rates for business credit has lowered significantly,” the report said.
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