Search Results for: investment

Scale AI announces plans for new European headquarters in London

Scale AI announces plans for new European headquarters in London

by • AI, News, Property, Technology

 

Scale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globallyScale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globally. Scale’s United Kingdom (UK) office will serve as the centre of its operations in Europe. The firm is an artificial intelligence company headquartered in San Francisco in the US State of California. The company provides labelled data used to train AI applications. The firm was founded in 2016 by Alexandr Wang and Lucy Guo who had previously worked at Quora. (more…)

ORGATEC organisers turn their gaze to Middle East markets

ORGATEC organisers turn their gaze to Middle East markets

by • Events, News, Workplace design

Koelnmesse, the organisers of ORGATEC, and dmg events have signed a Memorandum of Understanding (MoU) to collaborate on developing trade exhibitions across the Middle East. The firms say this strategic partnership will ‘combine and leverage their respective brands, creating a dynamic synergy that promises innovative and impactful events’. Both see the Middle East as a growing and increasingly important opportunity. (more…)

Commercial real estate lending hits ten year low

Commercial real estate lending hits ten year low

by • News, Property

New lending for commercial real estate fell 33 per cent last year to its lowest level since 2013, according to the latest bi-annual report from Bayes Business School, (formerly Cass). Researched and written by Dr Nicole Lux, Senior Research Fellow at Bayes Business School, City, University of London, the report also shows that a significant portion (42 per cent) of the £170 billion of loans outstanding will have to be refinanced within 12 months. Dr Lux expects that will cause ongoing stress in the market. (more…)

Tentative signs of recovery in UK commercial property market, says the RICS

Tentative signs of recovery in UK commercial property market, says the RICS

by • News, Property

The 2024 RICS first quarter monitor for the UK commercial property market indicates tentative signs that the market is moving into a recovery phase, though there is still ample evidence that there remains a challenging backdrop. Higher borrowing rates are holding back investments along with other structural headwinds such as a weak economy, online shopping, working from home (WFH) and environmental concerns. (more…)

European commercial real estate market stumbles in 2024

European commercial real estate market stumbles in 2024

by • News, Property

Dreams of a swift recovery in Europe's commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline according to new dataDreams of a swift recovery in Europe’s commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline. That is according to data released by MSCI Real Assets which paints a concerning picture, with completed commercial property transactions reaching a mere €34.5 billion in the first three months – a 26 percent drop compared to the same period in 2023. This translates to the lowest transaction volume since the third quarter of 2010, with the number of companies buying and selling properties also hitting a 12-year low. (more…)

Office rent, costs and utilisation rates rise as firms focus on prime space

Office rent, costs and utilisation rates rise as firms focus on prime space

by • News, Property

Prime office rents in major cities around the world have risen 1.1 percent in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4 percent, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. (more…)

AI is not coming for your job. But it will make it better

AI is not coming for your job. But it will make it better

by • AI, Comment, Technology, Workplace

Barry Murphy, Vice President GTM - Cloud, Applications & Infrastructure, Unisys, explains how business leaders can reassure workforces that AI will enhance their jobs, not replace them. “Artificial intelligence will outsmart humans, resolve all IT and business problems, and humans will not be needed in the workforce!” These are some of the most common misconceptions that too many companies and workforces currently have around AI and automation. To date, workforces have been inclined to broach AI with apprehension due to concerns that it will negatively affect or eliminate their jobs. Conversations have skewed towards the technology as a disruptive force, here to steal jobs and ultimately leave people redundant. A study found that 60 percent of workers are concerned about job loss in regards to working with Gen AI. Additionally, a further third worried that,  despite AI being unable to completely  replace them, it could make them less useful in the workplace. (more…)

European and Asian cities dominate latest smart city rankings

European and Asian cities dominate latest smart city rankings

by • Cities, News, Technology

European and Asian Cities Take Lead in Smart City Race, North America Falls Behind. Zurich named world's top smart cityZurich tops the 2024 Smart City Index, with European and Asian cities dominating the rankings. The report, released by the IMD World Competitiveness Center’s Smart City Observatory and the World Smart Sustainable Cities Organization (WeGO), analyses data and resident surveys from 142 cities globally. Seven of the top 10 smartest cities hail from Europe. These leading cities prioritize initiatives that improve residents’ quality of life, such as green spaces, cultural events, and social engagement. Additionally, they focus on attracting talent, fostering sustainable investments, and tackling inequality. (more…)

Most people want to work in jobs that have a positive impact on the world

Most people want to work in jobs that have a positive impact on the world

by • Environment, News, Workplace

A new poll from hiring platform Indeed suggests that people now consider working in jobs that positively impact society (57 percent) and the environment (55 percent) more important than they did when they started their careers. Just over a quarter (26 percent) say they would take a pay cut and 44 percent would consider retraining to enter the environmental sustainability sector. The survey of more than 1,000 workers and job seekers and 500 employers in the UK, highlights the ongoing green skills challenge. Despite the clear appetite for sustainability-related jobs among working people, 42 percent believe there are still too many barriers to entry. More than a quarter (27 percent) have been trying to transition to the sector but have been unsuccessful so far. (more…)

Green Building Council says Scotland has abandoned its role as a leader on climate

Green Building Council says Scotland has abandoned its role as a leader on climate

by • Environment, News

The UK Green Building Council – which represents some of the UK’s biggest names in the built environment, including housebuilders, banks, social housing providers, local councils, developers, estates and engineering companies and universities – responds to the Scottish Government’s decision to scrap its 2030 climate target. (more…)

AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

by • AI, News, Technology, Workplace

A Stanford report says that as AI continues to develop, navigating its benefits and potential drawbacks will be crucial.Just ten years ago, AI systems couldn’t even classify images as well as humans. Now, they’re routinely outperforming people on a range of tasks, according to a new report from the Stanford Institute for Human-Centered Artificial Intelligence (HAI). The 2024 AI Index is the latest update to the annual analysis of trends in artificial intelligence. Led by a team of experts from academia and industry, it’s one of the most in-depth reports on the technology and its impact available. This year’s edition tracks research, development, technical performance, responsible practices, economics, policy, public opinion, and more. (more…)

West End gateway for Leeds takes shape with green light for McLaren’s mixed use neighbourhood

West End gateway for Leeds takes shape with green light for McLaren’s mixed use neighbourhood

by • Company news, Property

Leeds City Council has McLaren’s mixed use Wellington Square development of build-to-rent homes and commercial space in Leeds’ West End. The new neighbourhood, designed by Howells Architects, will transform a 2.47 acre site into a lively gateway to Leeds city centre with a landmark tower, high-quality new homes and innovative workspace in the city’s professional core and Innovation Arc, which establishes the area as a hub for research and innovation. (more…)

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