MoD looks to hire AI chief on £185,000 – just don’t use it in your application March 23, 2026 The Ministry of Defence is on the search for a new AI chief to put the UK on a tech war footing. The MoD said its new chief AI officer would be in charge of leading an in-house technology centre and bringing AI into operation across the military for “maximum impact”. The London-based job will [...]
Reeves hosts top UK scale-ups as new cohort revealed in growth drive March 19, 2026 Rachel Reeves will host the latest cohort of the UK’s top scale-ups at Number 11 tonight, as the government looks to reinforce its pitch as a home for high-growth tech firms. The new intake of Tech Nation’s future fifty programme brings together 25 late-stage companies spanning AI, healthtech, cybersecurity and climate technology, sectors ministers see [...]
HSBC job cut plans add to mounting AI warnings for banks March 19, 2026 HSBC is weighing up cutting as many as 20,000 jobs across its global business as part of a longer-term push towards automation and AI, forming the clearest signal yet of how the technology is beginning to reshape the banking workforce. According to reports, the lender is understood to be considering reductions equivalent to around 10 [...]
AI will not replace auditors’ judgment, says regulator chief March 19, 2026 The rise of AI presents a critical moment for the accountancy profession to prove that its “value-add” goes beyond tasks that can be automated, according to the industry’s watchdog boss. Speaking to City AM, Richard Moriarty, chief executive of the Financial Reporting Council (FRC), said that with every technological shift, the accountancy sector loses low-level [...]
Ex-Google executive puts AI hiring under scrutiny March 18, 2026 A former Google Cloud executive has put AI hiring and its consequences under renewed scrutiny in a US courtroom. The unnamed ex-Big Tech employee’s testimony revolved around how automated, agentic systems are increasingly shaping recruitment decisions, not at the final interview stage, but much earlier, where candidates are filtered, ranked and, in many cases, excluded. [...]
City AM Awards 2026: Meet the Finalists March 18, 2026 And the nominees are…. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of Octopus Energy has become one of the UK’s most prominent business leaders, known for his straight talking and punchy views across a range of topics including UK entrepreneurship, the business environment, capital markets and, of course, energy. In August [...]
Diploma: Shares in FTSE 100 giant boom after profit upgrade March 18, 2026 Shares in specialist tech supplier Diploma boomed on Wednesday morning after the group slapped a hefty upgrade on its financial targets for 2026. The firm’s stock was up as much as 15 per cent on open to 5,771.06p. It came as the FTSE 100 giant said it expects revenue growth to come in at nine [...]
Reeves vows UK will ‘beat G7 at AI adoption’ as she searches for growth agenda March 16, 2026 Chancellor Rachel Reeves will promise that the UK will beat G7 counterparts in adopting AI over the coming years with fresh investment set to focus on quantum computing and researchers specialising in healthcare, clean energy and national security. In a speech on Tuesday afternoon, Reeves is expected to set out the government’s AI ambitions to [...]
Bank of England: We can’t eliminate bias in AI March 16, 2026 A top boss at the Bank of England has warned the use of artificial intelligence programs will never be bias-free and instead users must be aware of the risk. Jem Davis, chief compliance officer at the Bank of England, said: “My view is you’re probably not going to be able to eliminate bias completely, but [...]
UK banking sector faces ‘AI-washing’ legal warning March 16, 2026 The UK’s banking sector is facing a new wave of regulatory AI warnings as bullish lenders race to rapidly beef up their tech capacity. Rosehana Amin, cyber and litigation partner at Clyde & Co LLP, warned banks may face a significant legal liability over misleading markets over their use of AI. Speaking at the City [...]