AI
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Financial watchdog puts human oversight back into AI
The Financial Stability Board has finalised 12 voluntary practices for AI in finance, covering board accountability, model evaluation, human oversight, cyber risk and dependence on technology suppliers.
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Ireland takes AI policy onto the factory floor
Ireland plans sector-specific AI strategies, a national literacy taskforce and ten industry champions as it seeks to turn enterprise AI policy into practical support for businesses.
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AI incidents reach boards as controls lag
IBM research suggests that AI incidents are reaching senior decision-makers more quickly than companies are improving their safeguards. The UK findings highlight weaknesses in accountability, financial risk assessments and supplier oversight.
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The rise of the token economy: Why AI is changing enterprise finance
Scott Grossman, chief financial officer at Ensono, argues that agentic AI is changing how enterprises incur technology costs, making workflow-level budgets and cost per successful business outcome essential to financial oversight.
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British Business Bank spreads £180m across AI investment funds
The British Business Bank has committed £180 million to six venture capital and growth funds investing in AI and deep technology. The allocation spans company formation through later-stage expansion.
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ORCA takes photonic quantum computing into London data centre
ORCA Computing has installed its PT-3 photonic quantum computer at Digital Realty’s London Innovation Lab. Company-reported tests describe improved protein-design performance and faster optimisation against its previous quantum hardware.
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Salesforce wins signed £2bn HMRC CRM contract
HMRC’s £2 billion CRM contract with Salesforce has been confirmed through official procurement records. The agreement covers an initial ten years, with extensions potentially taking it to 15, and includes planned AI-assisted casework.
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Finland brings AI into classified government workflows
Finland’s Foreign Ministry has begun piloting UMAI, an AI assistant for certain classified and confidential material. The deployment will inform the development of a secure platform for wider central government use.
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Sweden extends AI computing access to smaller companies
Sweden AI Factory is collaborating with NVIDIA to provide additional technical support, training and development resources to startups and smaller businesses using European supercomputing infrastructure.
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Cohere moves to acquire autonomous security specialist AISLE
Cohere has signed a letter of intent to acquire AISLE, bringing autonomous vulnerability discovery and remediation expertise into its enterprise AI strategy. The proposed transaction would expand the company’s cybersecurity capabilities in Europe.
