Search Results for: economic

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

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

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 →

Microsoft announces new London AI research hub

Microsoft announces new London AI research hub

Microsoft AI is opening a new AI hub in Central London. The firm claims that the new Paddington based centre, dubbed Microsoft AI London will ‘drive pioneering work to advance state-of-the-art language models and their supporting infrastructure, and to create world-class tooling for foundation models’, collaborating closely with AI teams across Microsoft and with its partners, including OpenAI.  More →

The significance of women’s health is increasingly acknowledged in the modern workplace

The significance of women’s health is increasingly acknowledged in the modern workplace

addressing the disparities in women's health could dramatically reduce this statistic, enhancing the lives of billions globallyWomen, on average, outlive men but, as reported by the World Economic Forum (WEF, 2024), spend approximately 25 percent of their lives in poor health. According to the WEF, addressing the disparities in women’s health could dramatically reduce this statistic, enhancing the lives of billions globally. Notably, strategic improvements in women’s healthcare could add an average of seven days of healthy living per year for each woman, cumulatively offering more than 500 additional healthy days over a lifetime. This progression not only promises to elevate the quality of life for women but also holds the potential to boost the global economy by at least $1 trillion annually by 2040. More →

Flexible working rights stand to benefit millions of people

Flexible working rights stand to benefit millions of people

From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job.From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job. Under the updated regulations, employers must engage in discussions with employees and consider alternative solutions before declining a flexible working request. Decisions on applications must now be made within two months, reducing the previous timeframe of three months, which includes any appeals. Additionally, employees will be entitled to submit two flexible working requests within a 12-month period, rather than the previous allowance of one. More →

Is working from home creating an epidemic of burnout and loneliness? Spacemade has an answer

Is working from home creating an epidemic of burnout and loneliness? Spacemade has an answer

Many people working from home complain of feeling isolated and burnt out. So could a serviced office be the answerSince the pandemic, 69 percent of UK businesses have adopted a hybrid working model offering employees greater autonomy in their working lives. While this flexibility sounds ideal, it has unexpectedly created a work wellness issue, with employers reporting they have seen a 77 percent surge in mental health issues in 2023, vs 44 percent in 2022.  In a recent survey by Statista, 21 percent of workers said that their biggest struggle with working from home was that they had no reason to leave it. More →

All you need to know about the changes in employment law from 6 April 2024

All you need to know about the changes in employment law from 6 April 2024

There are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businessesThere are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businesses, especially during a period when SMEs face substantial economic challenges. It is essential for managers to revise their policies, engage with employees, and adapt their procedures in alignment with the updated regulations prior to their implementation. This proactive stance is vital to maintain compliance and mitigate potential claims. More →

British workers now entirely unproductive, claims report

British workers now entirely unproductive, claims report

The overwhelming majority of UK workers don’t do anything productive at all, according to a new report published today. The study of available research into the illnesses, injuries, distractions, wastes of time, procrastinations, productivity drains and paralyses that afflict British workers found that the annual cost to the British economy is around £1.8 trillion, equivalent to 98.9 percent of GDP.

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FAANGs for the memories: how tech palaces lost their lustre

FAANGs for the memories: how tech palaces lost their lustre

With the downfall of wunderkind Sam Bankman-Fried and the demise of his Bahamas HQ, does this mean that instead of being heralded as inspiration, tech palaces have instead become dated and toothlessI was alerted by the great Jack Pringle during a presentation course he was giving to an unforgettable YouTube clip of Steve Jobs speaking to the local council as part of a planning application for his Apple Park in California, one of the great tech palaces that sprang up in the wake of the digital revolution. Jobs, in familiar black polo neck jumper and wire-rimmed spectacles, took the officials of Cupertino City Council on a journey of opportunity, awe and inspiration. More →

If you want a high paying job, remote work is now less of an option

If you want a high paying job, remote work is now less of an option

According to the latest data from the careers website Ladders, the availability of remote positions with salaries exceeding $200,000 has seen a drastic reduction. The High Paying Jobs Competition Index, a report by Ladders, indicates that only 12 percent of such jobs are now available remotely, a steep decline from the 37 percent recorded in the third quarter of 2022. This trend is evident across both technology and non-technology sectors. More →

Sick pay reform should encourage people back into work, government claims

Sick pay reform should encourage people back into work, government claims

A parliamentary committee of MPs has called for a 'long-overdue' boost to statutory sick payA parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The Work and Pensions Committee has recommended aligning the SSP rate with the flat rate of Statutory Maternity Pay, a move that they say could significantly improve the financial safety net for workers. More →

Up to 8 million UK jobs already at risk from AI without intervention

Up to 8 million UK jobs already at risk from AI without intervention

An analysis of the impact of generative artificial intelligence (AI) on the UK labour market uncovers a ‘distinct sliding doors moment’, with possibilities for huge job disruption in future or significant GDP gains, depending on government policy. The report from think tank the IPPR claims to identify two key stages of generative AI adoption: the first wave, which is here and now, and a second wave in which companies will integrate existing AI technologies further and more deeply into their processes. More →