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 [...]
Business bosses told to check details after Companies House glitch March 15, 2026 Business directors are urged to check their details after a major glitch on Companies House allowed people to edit the data of other firms, leaving them potentially exposed to fraud. On Friday, a tech glitch on the UK’s official corporate register permitted people to access other companies’ details by pressing the back key on the [...]
New digital V levels aim to bridge Britain’s AI skills gap March 11, 2026 The government’s new digital V-level is meant to solve two problems at once: the confusion of England’s post-16 qualifications system, and the growing mismatch between what young people learn and what employers now need. From 2027, ‘digital’ will be one of the first three V-level subjects offered alongside education and early years, alongside finance and [...]
From start-up to scale-up: shifting the focus to support for female entrepreneurs March 10, 2026 As part of our partnership with Scale and the Women Who Scale initiative, City AM sat down with Sam Smith, the former chief executive of FinnCap, to discuss one of the key challenges holding back female start-up founders and what can be done to help female-led scaleups. While the spotlight often shines on the funding [...]
London AI security startup raises $15m as threats rise March 9, 2026 A London startup building AI tools to help protect critical infrastructure and public venues has raised $15m (£11.8m) in funding as governments across Europe step up security measures. Augur said the seed round was led by Plural, with participation from First Kind, SNR, Flix and Tiny VC. The company’s platform connects with existing cameras and [...]
Sadiq Khan invites Anthropic to move to London March 6, 2026 Sadiq Khan has sent Anthropic’s chief executive Dario Amodei an invitation to move to London after the AI giant’s spat with President Trump. In a letter to the Anthropic boss, the mayor of London praised the company over its “steadfastness” against pressure after it refused to give the US military access to its tools over [...]
Banks push for tech giants to share scam ad costs March 5, 2026 Social media companies are facing renewed calls to help pay for tackling online fraud, as the UK prepares to unveil its updated national fraud strategy. The Payments Association said platforms like Meta Platforms and X should take greater responsibility for scam adverts that appear on their sites, arguing they profit from the ads, while banks [...]
AI safety row deepens as Anthropic risks losing Pentagon deal February 27, 2026 Anthropic has refused to relax its safety limits on its AI tools, despite threats from the US Department of Defence to scrap a $200m contract and remove the company entirely from its supply chain. Chief executive Dario Amodei said the booming AI firm would rather stop working with the Pentagon than allow its AI model, [...]
Instagram to alert parents over teens’ harmful searches February 26, 2026 Instagram will start notifying parents if their teenager repeatedly searches for terms linked to suicide or self-harm, amid mounting political and legal pressure over child safety online. From next week, parents and teens enrolled in Instagram’s parental supervision tools in the UK, US, Australia and Canada will be told that new alerts are being introduced. [...]