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Andrew Bailey said investment banks, hedge funds and other financial institutions should 'think very carefully' about deploying AI tools.

The resumption of fighting has scotched hopes that a peace deal between the US and Iran would mark a return to normal after months of war.

The Chancellor's speech last night to the City at the Mansion House was another example of her astonishing capacity for self-delusion.

Jamie Dimon, pictured, has seen revenues surge amid volatility stemming from the Iran war, the mixed outlook for the global economy and the AI frenzy.

The UK's Department for Business and Trade has confirmed that Israel has climbed into the top eight European countries for foreign direct investment into Britain.

A lawsuit from 26 Meta employees alleges the company used AI-driven scoring and monitoring systems to select workers for layoffs, disproportionately targeting employees with disabilities or those who had taken protected medical, family, pregnancy, or parental leave. "Meta did not assemble the termination list through the considered judgment of managers who knew the work. Instead, Meta used a constellation of internal artificial-intelligence systems -- including a system referred to internally as 'Metamate,' employee-trained 'second-brain' agents, keystroke- and activity-monitoring data, AI-token-usage dashboards, and algorithmically assisted performance ranking and calibration -- to score, rank, and select employees for inclusion on the list," the lawsuit (PDF) said. Ars Technica reports: Employees were allegedly graded, among other things, on how much they used Meta's AI tools. "Meta's internal dashboards classified employees by their stage of adoption of its artificial-intelligence tools, using categories such as 'AI Native,' 'AI First,' and 'AI Enabled,'" the lawsuit said. The lawsuit is apparently "the first against a major U.S. company to challenge the alleged use of AI in conducting layoffs," according to Reuters. The complaint alleges that Meta's tools for monitoring employees did not account for differences caused by disabilities and protected leaves. "Those tools draw on inputs -- performance ratings, calibration scores, productivity and output metrics, 'AI-native' ratings, and AI-token consumption -- that, by design, cannot be accumulated by an employee who is on protected medical or family leave, or whose output is reduced by a disability," the lawsuit said. The lawsuit alleged that Meta management did not take steps to adjust scores for employees who took leave or who requested reasonable accommodations for disabilities. "Meta did not neutralize those inputs for protected leave; did not exclude protected-leave-takers or accommodation-seekers from the selection cohort; and did not pause the system for the individualized, leave- and accommodation-neutral review that the law requires," the complaint alleged. "The result was that employees who took protected leaves were disproportionately selected for layoff, based on scoring that not only failed to account for their protected leaves, but in effect penalized the employees for exercising their legal rights to these leaves." The 26 plaintiffs requested leaves or disability accommodations in the 24 months before being selected for layoffs, the lawsuit said. The layoffs are not yet finalized, but employees are scheduled to start losing their jobs on July 22, the lawsuit said. "These claims lack merit and are not based on facts," said Meta in a statement. "Workforce management and organizational decisions were and are made by people, not AI."

Read more of this story at Slashdot.

Remember when last month's 206 CVEs seemed eye-watering? Yeah, those were the days

Marie Stibbe, 79, who has retired in Tiverton, Devon, was diagnosed with liver cancer at the start of March after she experienced 'legs so itchy she couldn't sleep and was finding life very hard'.

Police are investigating Chinese embassy guards for brandishing weapons at protestors, it can be revealed, as a legal challenge began against its plans for a huge new building.

Leslie David Baker has pivoted from acting into the restaurant industry and has opened HoneyBaked in Sherman Oaks.

The alleged attack unfolded on a Bakerloo Line train between Waterloo and Lambeth North at around 11.40pm on Saturday.

More than three companies are going bust every day - making a mockery of Rachel Reeves' claims to have 'beaten the odds' in a 'goodbye' speech as Chancellor.

The motoring series, which airs on Amazon's Prime Video, has seen a shake-up of presenters after its original stars departed from the show

MIKE KEEGAN IN KANSAS CITY: England's semi-final with Argentina has been classified as the 'highest risk' match at the World Cup following a meeting of the FBI, officials and local police.

Google DeepMind chief Demis Hassabis is calling for a U.S.-led AI standards body to review frontier models for national security risks such as cybersecurity and biological threats. His proposal would create a federally overseen public-private organization, initially voluntary and eventually mandatory for U.S. deployment. CNBC reports: Google DeepMind boss Demis Hassabis, a Nobel laureate, said in an article posted on X on Tuesday that "urgent action" was needed to address risks associated with artificial general intelligence (AGI) -- the point at which AI matches or surpasses human intelligence. "We've already seen the challenges frontier models pose for cybersecurity, and other threats including nuclear and bio risks may soon emerge as capabilities continue to advance," he said. [...] Hassabis said the U.S. was well positioned to lead in developing an AI framework "given its economic and technical standing." "It could establish a new Standards Body modelled on a federally overseen public-private partnership or self-regulatory organisation, much like the Financial Industry Regulatory Authority (FINRA), with a board that includes independent leading technical experts and open-source representatives," he added. FINRA regulates brokerage firms and exchange markets in the U.S. The proposed body would need "substantial" funding "in order to attract world-class technical talent and provide the necessary compute resources for large-scale testing," Hassabis said. Funding would "likely" come from industry, he added. Frontier labs would initially voluntarily share models with the body for review up to 30 days before release, before becoming mandatory for deployment in the U.S. market after being shown to be "effective." "Specific agentic AI tests could look for attempts to bypass safety guardrails or signs of deception, and ensure best practices, such as digitally watermarking AI-generated images and generating human-readable output tokens to understand model reasoning," Hassabis said. Further reading: Over 200 Economists Say 'We Must Act Now' On AI's Economic Impact

Read more of this story at Slashdot.

After five years away from the sport, McGregor made his long-awaited return against Max Holloway at UFC 329 in Las Vegas. But the 38-year-old injured his knee in the opening seconds.

A blazing field fire in Wickham Bishops near Maldon sparked an emergency response and burned large parts of farmland.

A blazing field fire in Wickham Bishops near Maldon sparked an emergency response and burned large parts of farmland.

The desperate final moments of Top Gun: Maverick James Handy before he was allegedly stabbed to death by his girlfriend's son have been revealed in a coroner's report.

The singer, 38, was seen wearing a shirt sporting John Stones' famous number five as she headed out with her pal Tom Ford in Sardinia.