Beazley expands cyber cover for AI malfunctions and regulatory risks September 24, 2026 FTSE 100 insurance giant Beazley has launched a new cyber line for businesses that insures against unintentional regulatory non-compliance and financial and reputational losses as a result of AI system malfunctions. Speaking to City AM, the speciality insurer’s head of cyber risks, Alessandro Lezzi, said the move comes as the firm sees “AI changing the threat [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks September 24, 2026 The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
Hugging Face hack spells ’emergency for the City of London’, warns top lawyer September 24, 2026 Everything companies have done to prepare for a cyber attack is now “completely old world” following the OpenAI–Hugging Face hack over the summer, a top City lawyer has warned. The “unpredecented” July hack, in which OpenAI’s model escaped a controlled test by itself and broke into the AI platform Hugging Face, prompted a probe from [...]
UK to champion global AI rulebook during G20 presidency September 23, 2026 Andy Burnham has said governments, not tech companies, must make the biggest decisions about AI, as he pledged to put AI regulation at the heart of Britain’s G20 presidency. The Prime Minister used his first address to the United Nations General Assembly to call for a single set of global standards governing frontier AI, including [...]
How AI is forcing the Big Four to rethink graduate training September 23, 2026 The Big Four giants – KPMG, Deloitte, EY, and PwC – have for decades played an important role in shaping the next generation of City workers. As one of the largest graduate trainers in the UK, their approach to restructuring graduate programmes in the age of AI will be crucial to the future of financial [...]
Burnham and Trump strike UK-US defence AI deal September 22, 2026 Britain will link its military AI taskforce with its US counterpart under a new defence pact, deepening transatlantic tech ties as AI plays a growing role on the battlefield. The UK’s Defence Rapid AI Delivery Taskforce will work with the US Department of War’s Chief Digital and Artificial Intelligence Office to accelerate the deployment of [...]
Drone strikes and noise disputes: The soaring risks of the global data centre boom September 18, 2026 As data centres scale, consume more power, and draw tighter community scrutiny, insurance risks are becoming increasingly complex. As AI infrastructure grows, so do legal risks: large lawsuits involving data centres more than tripled from four in all of 2021 to 14 in the first half of 2026, according to a Howden report. Planning and [...]
Musk skips King’s AI safety summit with world’s biggest tech chiefs September 17, 2026 King Charles will warn some of the world’s most powerful AI companies against letting humanity “lose control of our destiny” on Thursday, as he brings tech bosses together in Scotland amid escalating warnings about the new technology. The King will host executives from Nvidia, OpenAI, Anthropic and Google Deepmind at Dumfries House in Ayrshire to [...]
Why are the AI chiefs calling for a slowdown? September 17, 2026 Why are the bosses of the world’s top AI companies calling for regulation and advocating a slowdown in the technology’s development? Anthropic’s Dario Amodei and OpenAI’s Sam Altman have been joined by Deepmind co-founder Demis Hassabis and Elon Musk in calling for a slower pace of progress while safety and regulation catch up. Questions about [...]
Former Anthropic researcher behind ‘AI could kill us’ warning called to UK parliament September 16, 2026 Former Anthropic researcher Jacob Coxon has been invited to give evidence to parliament following his stark warnings over the threat posed by AI, City AM understands. Liam Byrne, chair of the Business, Innovation, Science and Trade Committee, told City AM that MPs have asked Coxon to appear as part of a parliamentary examination of AI [...]