Writing the summary…
UK urged to strengthen financial muscle of national wealth fund to aid economy
Source: The Guardian
Original reporting
The Guardian: read the full reportRelated stories
CNBC
CNBC Daily Open: May the 'AI Force' be with you
President Trump announces the creation of an 'AI Force' as the technology looks set to be a key topic with Chinese President Xi Jinping this week.
BBC Business
Nvidia boss rejects AI extinction fears as 'doomsday narratives'
Jensen Huang's comments come after warnings from AI researchers that the technology could lead to human extinction.
The Guardian
‘RAMageddon’: tech crunch hikes the price of your next iPhone by £100
Shortage of memory chips and other critical components reverses trend of electronics becoming cheaper Apple’s recent product launch caused headlines around the world as it unveiled its first folding phone. But hidden in the slick technology showcase was a nasty surprise: a £100 increase in the price of all iPhones, including older models. It is blamed on “RAMageddon”, which has reversed a decades-long trend of electronics becoming cheaper. It is the fallout from the AI gold rush hoovering up every memory chip available for vast datacentres. This has led to a severe shortage of the chips, and other critical components, for electronics, including phones. Continue reading...
CNBC
Oil falls as crude flows remain 'surprisingly strong'
Oil fell Monday, as traders keep watch for a recovery in shipments from Saudi Arabia, even as Mideast tensions continue to escalate.
BBC Business
US and China discuss AI safety plan ahead of Trump-Xi summit
Top US and Chinese officials held talks in New York on Sunday ahead of a Trump-Xi summit this week.
The Guardian
How Saudi oil scientists ended up working on the world’s most important climate reports
Guardian investigation reveals fossil fuel links of IPCC authors, with experts declaring the body’s conflict of interest policy ‘not fit for purpose’ On her first day as an expert author on the world’s most important climate reports, Prof Julia Steinberger knew nobody else, so she sat down at a stranger’s table for breakfast. “Hi, I’m Julia. I’m from the University of Lausanne,” she said. The man across the table replied: “I’m Mustafa Babiker. I work with Saudi Aramco.” Continue reading...