Thursday newspaper round-up: AI, BBC, KPMG

(Sharecast News) - Jamie Dimon, the boss of JP Morgan, has said artificial intelligence "may go too fast for society" and cause "civil unrest" unless governments and business support displaced workers. While advances in AI will have huge benefits, from increasing productivity to curing diseases, the technology may need to be phased in to "save society", he said. - Guardian The BBC has announced that it will produce tailor-made content for YouTube in a milestone for British television as the public service broadcaster teams up with the world's biggest video platform. The corporation has previously posted clips and trailers for BBC shows on YouTube but under the new deal it will make fresh programming for its online rival. - Guardian

Rachel Reeves is poised to exclude hotels and restaurants from a new package aimed at softening the blow of rising business rates. The Chancellor indicated on Wednesday that her planned support scheme will only cover pubs, dashing hopes of relief in the rest of the hospitality industry. "I do recognise the particular challenge that pubs face at the moment and so [we have] been working with the sector over the last few weeks to make sure that the right support is in place, and we'll be announcing something in the next few days," Ms Reeves said at the World Economic Forum in Davos, Switzerland. - Telegraph

Morrisons plunged to a £381m loss last year as it battled steep borrowing costs and weaker consumer spending. The private equity-owned grocer revealed that its debt interest bill hit £281m in 2025, derailing attempts to turn a profit. Despite ending the year once again in the red, bosses hailed a drop in net debt to £3.1bn, down from £3.5bn last summer. - Telegraph

The Yorkshireman who has spent the past five years rehabilitating KPMG's reputation in the UK is in a two-horse race to lead the Big Four firm globally. Jon Holt, who has run KPMG's UK division since 2021, is in the running to succeed Bill Thomas, who is due to retire as the firm's global chief executive in September. It is understood that Holt's main rival for the top job is Gary Wingrove, an Australian, who has been KPMG's global chief operating officer since October 2022. "There are two strong candidates but no obvious frontrunner at the moment," a senior KPMG source said. - The Times