UK’s Immigration Shift Threatens Tech Sector’s Global Talent Pipeline
Visa Changes Create Uncertainty for Tech Entrepreneurs When Russian app developer Alex Tkachenko relocated to London after the Ukraine invasion,…
Tag: London
Blackstone President Warns of AI’s ‘Profound’ Industry Disruption Potential
Blackstone President Jonathan Gray has directed investment teams to address AI risks upfront in all memos, calling the technology’s disruptive potential “profound.” The warning comes as investors reportedly focus on bubble concerns while underestimating AI’s capacity to demolish legacy businesses across multiple sectors.
Investment Giant Sounds Alarm on AI Disruption
Blackstone President Jonathan Gray has issued a stark warning about artificial intelligence’s potential to render entire industries obsolete, according to reports from the Financial Times. Speaking at the FT’s Private Capital Summit in London, Gray revealed he has directed the firm’s credit and equity teams to address artificial intelligence implications on the first pages of all investment memos, signaling the technology’s critical importance in risk assessment.
UK Government Faces Legal Challenge Over Chinese Embassy Approval Process
A prominent legal opinion concludes that approving China’s massive London embassy could violate planning laws if ministers provided advance assurances. Opponents are preparing funds for a potential judicial review as diplomatic tensions escalate over the delayed decision.
Legal Opinion Questions Legitimacy of Embassy Approval Process
A senior planning lawyer has concluded that approving China’s proposed super-embassy in east London could be unlawful if UK ministers gave Beijing advance assurances about the project, according to reports. The legal opinion by Lord Banner suggests that if Prime Minister Keir Starmer or his team made promises to the Chinese government, it could constitute “actual or apparent predermination” of the planning application.