Here are the business stories making the headlines across Scotland and the UK this morning.
Anthropic warns AI poses ‘existential risks’ ahead of $2trn float
Anthropic, the California start-up behind the Claude chatbot, has warned investors that advanced AI models could pose “catastrophic or existential risks to humanity” in a prospectus to investors before its planned $2trn float.
The five-year-old company, which posted a $42bn loss last year, also revealed that it planned to spend $518bn on cloud computing and infrastructure in the coming years.
The prospectus, which was reviewed by Reuters, demonstrates the challenges investors will face in putting a value on a company that thinks its products could cause enormous harm to humanity, while also underscoring the staggering costs underlying AI development.
Read more in The TImes.
Chinese AI tool told researchers how to make bioweapons
Chinese AI developer Moonshot is conducting an internal review after researchers were able to persuade two of its popular Kimi models to tell them how to make biological weapons and carry out assassinations.
Mindgard, which tests the security of AI systems, told the BBC it discovered in July that Kimi K2.6 and K3 Swarm could evade safety limits put in place by developers.
It arose during a process called "jailbreaking", where researchers use a series of complex instructions to see if AI tools ignore guardrails - which Mindgard said should have stopped Kimi from discussing concerning topics.
Read the BBC article here.
Suspect foiled RAF Fairford ‘bomb plot’ by ringing police himself
The suspected bomb attack on a RAF base was foiled when one of the suspects made a call to police, The Times has learnt.
One of the five men phoned 999 in the early hours of Sunday morning before the group was arrested on suspicion of explosives and terrorist offences in the proximity of RAF Fairford.
The Times understands that the police investigation is focused on whether the group members were acting as proxies for Iran during the operation in the Gloucestershire countryside. Whether it was surveillance, a “dry run” to test security or a stunt to send a message to the British government are all under consideration.
UK bonds hit by steepest interest rates in decades
Britain has locked in the steepest interest rate on a newly sold government bond in nearly three decades, underlining the growing burden that debt interest spending is exerting on the country’s public finances.
On Tuesday, the Debt Management Office (DMO), the government agency responsible for issuing public debt, sold a tranche of ten-year sovereign bonds, or gilts, with an average yield of 5.383 per cent, the highest rate for that specific length of debt since 1999.
The bond sale raised £4.25bn for the Treasury. The DMO received more than £14bn of offers from investors for the pool of bonds, meaning that the auction was well over-subscribed and demand for UK debt remained strong.
Read more in The Times.
Oura pulls $15bn stock market listing days after announcement
Oura has pulled its plan to sell shares in its business on the US stock market, in a move which would have valued the firm at $15bn (£11.3bn), just days after announcing it.
The maker of smart rings which track their owners' health said it would postpone its flotation "due to uncertainty in the Initial Public Offering (IPO) market" and did not say when it might go ahead.
Oura had filed official documents setting out plans to raise up to $2.2bn by offering shares in the business to investors just over a week ago.
Read more on the BBC website.