Tuesday newspaper round-up: Anthropic, unemployment, business rates

(Sharecast News) - More than a million jobs, higher wages, nearly half a trillion pounds in investment in the pipeline - the UK's green economy is powering ahead, according to research by the country's leading business organisation. The net zero economy, which is worth more than £100bn a year, benefits all of the UK, according to the CBI Economics analysis commissioned by the Energy and Climate Intelligence Unit thinktank, despite critics who want to abolish the UK's net zero targets. - Guardian Anthropic has filed confidentially for an initial public offering on the US stock market, the company announced on Monday. The AI firm makes the Claude chatbot, popular with software engineers and other business clients, and has seen a meteoric rise this year. The company did not disclose the valuation it will target on the stock market, nor did it make public other terms of the offering. The startup announced on Thursday that it had raised $65bn in funding to value the company at $965bn post-money. Anthropic was valued at $380bn in February.- Guardian

Unemployment will jump by 400,000 under Labour, according to new analysis which shows joblessness is set to hit its highest level in more than a decade. The British Chambers of Commerce (BCC) warned young people would be most likely to struggle to find work as tax raids by Rachel Reeves, the Chancellor, and AI destroy thousands of entry-level jobs. The BCC now expects the overall unemployment rate to peak at 5.5pc - its highest level since 2014 - with joblessness set to keep on rising in the next 18 months. - Telegraph

Estate agents are facing a backlash for using "misleading" AI-generated pictures of rooms in property listings. London-listed Winkworth, which has more than 100 offices across the UK, has used AI to enhance photographs of a number of its properties in the capital. However, the estate agent has been accused of using the technology to make rooms appear larger or in better condition and, in one instance, of removing an entire chimney breast. - Telegraph

The government has been urged to rethink business rates for small businesses, with more than 100,000 companies now having to pay the property tax for the first time. The Federation of Small Businesses has written to the Treasury and asked the government to reconsider lifting the threshold at which buildings become eligible for business rates, and also to change how the tax is calculated for companies in shared offices. - The Times