Corvera co-founder: Brits have it too comfortable May 5, 2026 The boss of Corvera has said Brits take a too comfortable, risk-averse approach after moving his AI startup from London to San Francisco. Corvera co-founder and chief executive Christopher Kong, an Oxford graduate who launched a fast-growing vegan food range before setting up the AI business in October last year, said he found it easier [...]
OpenAI listing plans hit as Altman scraps robotics spin-off idea May 5, 2026 Tech behemoth OpenAI internally shelved plans to spin off its robotics and consumer hardware divisions, as chief executive Sam Altman tightens focus ahead of a potential IPO that could value the company at up to $1 trillion (£737bn). The proposed restructure, as first reported by the Wall Street Journal, would have mirrored Alphabet’s model, separating [...]
Elon Musk settles lawsuit over Twitter takeover for $1.5m May 5, 2026 Tech tycoon Elon Musk has finally put one of his longest-running legal battles to rest after reaching a $1.5m (£1.2m) settlement with the US regulator. The US Securities and Exchange Commission (SEC) filed a civil lawsuit against the billionaire, alleging violations of securities laws in the run-up to his 2022 purchase of Twitter. Musk, who [...]
Meet the startup backed by Peter Thiel that wants to ‘hold journalists to account’ April 28, 2026 Founder Aron D’Souza spoke to Maria Ward-Brennan about his Peter Thiel-backed startup, which aims to hold journalists accountable by providing real-time ratings and investigations into their reporting practices. There exists a lively debate about the extent to which AI could replace journalists, but before it does that – could it develop a hold over the [...]
King’s Cross puts London on the AI map April 28, 2026 A description of King’s Cross a little over 20 years ago sounds like something from a Dickens novel. It was “a place of decay, dereliction, crime and filth” – known for drugs and prostitution. Some readers may remember its rave scene but for most people it was a no-go area. That opening description comes from [...]
Big Four giant EY set to bolster AI recruitment April 28, 2026 Big Four giant EY is moving to hire a new team of senior AI recruits across the UK and Ireland to work directly with clients, in a push to meet “growing demand” to use tech across the board. EY said the new hires, known as ‘forward deployed engineers’, will be working within client teams at [...]
Former Deepmind star lands $1.1bn backing for AI startup April 27, 2026 An ex-Google DeepMind researcher has secured one of Europe’s largest AI funding rounds, as investors race to back a new generation of frontier labs beyond large language models (LLMs). David Silver has raised $1.1bn (£880m) for his London-based startup Ineffable Intelligence at a valuation of $5.1bn, in a round led by Sequoia Capital and Lightspeed [...]
Magic circle Freshfields to co-build legal AI with Anthropic April 24, 2026 Magic circle law firm Freshfields has signed a multi-year agreement with AI giant Anthropic, giving the firm easy access to Anthropic’s latest AI models and collaborating to help design Anthropic’s next-generation offerings. As part of the deal, Freshfields has rolled out Anthropic’s Claude models to its entire global workforce of 5,700 users across 33 offices, [...]
AI-focused services make up 40 per cent of BCG’s 2025 revenue April 23, 2026 The global revenue of the consultancy group Boston Consulting Group (BCG) reached $14.4bn (£10.6bn), a single-digit increase over the previous year, credited to AI. BCG reported seven per cent global revenue growth, rising to $14.4bn in 2025 from $13.5bn in 2024, marking its 22nd consecutive year of growth. The firm said its AI-and tech-focused services [...]
Startups should pray the US AI giants don’t run out of cash April 23, 2026 As City AM revealed earlier this week, a London-based business has raised £2m to fund the development of an AI-powered coffee vending machine. The company’s founders say they can tailor the contents of the hot drinks – like coffee strength and milk content – based on the preferences of the customer, using AI. That sounds [...]