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MPs announce inquiry into work of Office for Budget Responsibility

about 6 hours ago
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MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility,The all-party Commons Treasury committee will spend until the end of next month investigating the independent agency’s forecasting performance and impartiality,The panel will consider whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor,MPs on the committee are understood to be concerned after a row broke out between the OBR and the chancellor, Rachel Reeves, over budget briefings,Richard Hughes, the OBR’s then boss, complained to senior Treasury officials in the run-up to the budget about a flurry of leaks he said had spread “misconceptions” about the agency’s forecasts.

He later cast doubt on claims that Reeves dropped plans to raise income tax in the budget because of rosier forecasts, pointing out that she knew about these well before the change of heart,Hughes was forced to resign after the budget over the mistaken early release of budget documents in breach of rules governing the set-piece event,Meg Hillier, the Labour chair of the committee, said MPs wanted to understand how the role and remit of the OBR had developed, and whether its relationship with the Treasury “could be reformed in order to ensure that it helps to deliver positive economic outcomes for the UK”,She played down concerns held by the committee about potential bias at the OBR but said issues raised by the media, backbench MPs and the public should be tackled,Hillier added: “The OBR is an important part of the UK’s fiscal framework.

But it is often castigated by frustrated economists who feel they should be in charge because they shout the loudest.And we need only remember Liz Truss’s mini-budget to remind ourselves of what happens when the OBR is sidelined.“This inquiry is not a stick to beat the OBR with.What my committee intends to do is have an honest conversation about what the watchdog does well and where it needs to do better.I hope this will provide a useful foundation for the new chair when they are appointed.

”Evidence must be submitted to the committee by 30 January.
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From ‘glacier aesthetic’ to ‘poetcore’: Pinterest predicts the visual trends of 2026 based on its search data

Next year, we’ll mostly be indulging in maximalist circus decor, working on our poetcore, hunting for the ethereal or eating cabbage in a bid for “individuality and self-preservation”, according to Pinterest.The organisation’s predictions for Australian trends in 2026 have landed, which – according to the platform used by interior decorators, fashion lovers and creatives of all stripes – includes 1980s, aliens, vampires and “forest magic”.Among the Pinterest 2026 trends report’s top 21 themes are “Afrohemian” decor (searches for the term are on the rise by baby boomers and Gen X); “glitchy glam” (asymmetric haircuts and mismatching nails); and “cool blue” (drinks, wedding dresses and makeup with a “glacier aesthetic”).Pinterest compared English-language search data from September 2024 to August 2025 with those of the year before and claims it has an 88% accuracy rate. More than 9 million Australians use Pinterest each month

2 days ago
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UK police forces lobbied to use biased facial recognition technology

Police forces successfully lobbied to use a facial recognition system known to be biased against women, young people, and members of ethnic minority groups, after complaining that another version produced fewer potential suspects.UK forces use the police national database (PND) to conduct retrospective facial recognition searches, whereby a “probe image” of a suspect is compared to a database of more than 19 million custody photos for potential matches.The Home Office admitted last week that the technology was biased, after a review by the National Physical Laboratory (NPL) found it misidentified Black and Asian people and women at significantly higher rates than white men, and said it “had acted on the findings”.Documents seen by the Guardian and Liberty Investigates reveal that the bias has been known about for more than a year – and that police forces argued to overturn an initial decision designed to address it.Police bosses were told the system was biased in September 2024, after a Home Office-commissioned review by the NPL found the system was more likely to suggest incorrect matches for probe images depicting women, Black people, and those aged 40 and under

2 days ago
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Trump clears way for Nvidia to sell powerful AI chips to China

Donald Trump has cleared the way for Nvidia to begin selling its powerful AI computer chips to China, marking a win for the chip maker and its CEO, Jensen Huang, who has spent months lobbying the White House to open up sales in the country.Before Monday’s announcement, the US had prohibited sales of Nvidia’s most advanced chips to China over national security concerns.Trump posted to Truth Social on Monday: “I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security. President Xi responded positively!”Trump said the Department of Commerce was finalising the details and that he was planning to make the same offer to other chip companies, including Advanced Micro Devices (AMD) and Intel. Nvidia’s H200 chips are the company’s second most powerful, and far more advanced than the H20, which was originally designed as a lower-powered model for the Chinese market that would not breach restrictions, but which the US banned anyway in April

2 days ago
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AI researchers are to blame for serving up slop | Letter

I’m not surprised to read that the field of artificial intelligence research is complaining about being overwhelmed by the very slop that it has pioneered (Artificial intelligence research has a slop problem, academics say: ‘It’s a mess’, 6 December). But this is a bit like bears getting indignant about all the shit in the woods.It serves AI researchers right for the irresponsible innovations that they’ve unleashed on the world, without ever bothering to ask the rest of us whether we wanted it.But what about the rest of us? The problem is not restricted to AI research – their slop generators have flooded other disciplines that bear no blame for this revolution. As a peer reviewer for top ethics journals, I’ve had to point out that submissions are AI-generated slop

3 days ago
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EU opens investigation into Google’s use of online content for AI models

The EU has opened an investigation to assess whether Google is breaching European competition rules in its use of online content from publishers and YouTube creators for artificial intelligence.The European Commission said on Tuesday it would examine whether the US tech company, which runs the Gemini AI model and is owned by Alphabet, was putting rival AI owners at a “disadvantage”.The commission said: “The investigation will notably examine whether Google is distorting competition by imposing unfair terms and conditions on publishers and content creators, or by granting itself privileged access to such content, thereby placing developers of rival AI models at a disadvantage.”It said it was concerned that Google may have used content from web publishers to generate AI-powered services on its search results pages without appropriate compensation to publishers and without offering them the possibility to refuse such use of their content.The commission said it was also concerned as to whether Google had used content uploaded to YouTube to train its own generative AI models without offering creators compensation or the possibility to refuse

3 days ago
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Australia launches a social media ban – and is AI a bubble about to pop?

Hello, and welcome to TechScape. I’m your host, Blake Montgomery, writing to you from a New York City that feels much colder than last December. 🥶In a world first, Australia implemented a ban on social media use for people under 16. It’s the first country to take such a far-reaching measure. Starting on 10 December, children and teens under 16 will not be allowed to use social media in Australia

3 days ago
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MPs announce inquiry into work of Office for Budget Responsibility

about 6 hours ago
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Drax plans to convert part of its North Yorkshire power plant into datacentre

about 10 hours ago
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Elon Musk teams with El Salvador to bring Grok chatbot to public schools

about 7 hours ago
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Disney wants you to AI-generate yourself into your favorite Marvel movie

about 7 hours ago
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Littler lights up Ally Pally opening night as prize money raises stakes

about 6 hours ago
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Leinster’s Leo Cullen will use lessons learned at Leicester in bid to tame Tigers

about 13 hours ago