It’s proposed that the amount of compensation you can claim for bad advice should increase from £150,000 to £350,000. We’re told our professional indemnity insurance could increase by 500%, as, no doubt, will the levy to fund payouts for firms that have gone bust or disappeared. Don’t get me wrong, I know that having all this in place means you can have a bit more confidence that we sharp-suited shysters can’t so easily run off with your hard-earned. Bear in mind, though, that the results will be that a) there’ll be less of us, and b) those that are left will be more expensive.
“Is the AI hype machine losing steam?”
Many of the reviving rises in stock markets, particular in the US in the last year or so have been driven by AI. Not those buy-and-sell computerised algorithms we’ve heard so much about for years now; but the share prices of the big tech companies ‘at the heart of the AI revolution’.
