TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10 per cent of its workforce, as it looks to focus on its artificial intelligence-powered tax preparation software and other financial products. The company, which has invested heavily in providing generative AI powered accounting and tax preparation tools for small and...
Tag: AI
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Fiverr Report: 83% of U.K. Businesses Increasing Wages for AI Skills
The majority of U.K. businesses are willing to offer higher wages to candidates with skills in AI, a new report has found. Hiring managers will pay 45% more on average for those with demonstrable expertise in areas like natural language processing, AI content creation and chatbot development. However, the necessary AI skills are hard to...
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Delaying AI’s Rollout in the U.K. by Five Years Could Cost the Economy £150+ Billion, Microsoft Report Finds
Adding five years onto the time it takes to roll out AI in the U.K. could reduce its economic impact in 2035 by more than £150 billion, a Microsoft report has revealed. While the country is second in the world in its ability to take advantage of AI, only behind the U.S., the lead is...
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9 out of 10 UK Business Leaders Suffer From Tech Anxiety That Disrupts Their Sleep, BT Study Finds
While rapid digital transformations can result in many business benefits, a new study has revealed that they also take a toll on mental health. Nearly nine out of 10 U.K. business leaders say they suffer from tech-related stress that’s severe enough to disrupt their sleep. BT commissioned a survey of 2,000 business decision makers to...
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4 IoT Trends U.K. Businesses Should Watch in 2024
The realm of the Internet of Things encompasses more than just the latest products. As the network of connected devices grows — the number worldwide is expected to reach over 29 billion in 2027 — so do the policies, responsibilities and innovations that surround it, all of which contribute to successful IoT integration. With help...
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3 UK Cyber Security Trends to Watch in 2024
Staying up to date with the latest in cyber security has arguably never been more paramount than in 2024. Financial services provider Allianz named cyber attacks this year’s biggest risk for business in the U.K. and a top concern for businesses of all sizes for the first time. However, many professionals are still in the...
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London’s Bold Move: UK-India infrastructure bridge set to redefine global investment landscape
In a diplomatic chess game where negotiations on the UK-India Free Trade Agreement have hit some stumbling blocks, London’s Lord Mayor, Michael Mainelli, in an interview with CNBC-TV18, talks about the game-changing initiative that could tilt the balance in favor of robust economic partnerships. The UK-India Infrastructure Bridge – a dynamic project with the potential...