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 [...]
Tribunal thumbs up £260m legal settlement against Google September 16, 2026 A UK specialist court has greenlit a £260m settlement in a class action against Google’s parent company, Alphabet, following an agreement last week. The settlement is the largest payout for class members the Competition Appeal Tribunal (CAT) has ever approved, though it is significantly lower than the £1.04bn the claim was estimated to be worth [...]
UK government opens door to AI laws as safety warnings mount September 15, 2026 The UK government has left the door open to tougher AI regulation after the companies building the world’s most powerful models called for slower development, fearing safety has fallen behind. City AM understands ministers believe AI is already covered by laws spanning data protection, competition, product safety and online safety, but accept those rules may [...]
Consulting giant Accenture to pay £18.5m to settle probe into hiring practices September 15, 2026 New York-listed consultancy giant Accenture has agreed to pay the US government $25m (£18.5m) to settle allegations over its diversity practices. The Department of Justice (DOJ) alleged that Accenture violated federal anti-discrimination requirements while certifying compliance to secure federal contracts. The US government claims that the Dublin-headquartered firm allocated costs related to these hiring and [...]
Reynolds hails ‘tremendous upsides’ to AI amid warnings on threats September 15, 2026 Business secretary Jonathan Reynolds has emphasised the “tremendous upsides” to AI that should not be overlooked, as a growing number of tech engineers have warned of its threat to existence. Reynolds told the BBC that the UK should “never be complacent” about AI or “naive about the impact”, although he emphasised that new models could [...]
Microsoft vows AI will ‘always work in service of people’ as safety fears spread September 14, 2026 Microsoft has drawn up new limits for its homegrown AI models after Silicon Valley’s sudden reckoning with the risks of increasingly powerful systems spreads to one of its biggest companies. The US tech giant published a provisional code of conduct on Monday that requires its future models to remain under human control, accept correction, shut [...]
As it happened: FTSE 100 rallies as economy beats forecasts; oil falls back September 11, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index rallied on Friday after the economy beat forecasts in July, surprising those in the City who had expected to see growth peter out. The Office for National Statistics (ONS) has revealed that the UK economy’s (GDP) grew by 0.4 per cent in July, [...]
OpenAI alum moves into ChatGPT maker’s old office in push to serve UK’s fintechs September 11, 2026 A tech firm founded by OpenAI alumni has set up shop in the ChatGPT maker’s old office as it sets its sights on serving the UK’s top fintechs, City AM can reveal. Dust, an AI platform founded by former OpenAI and Stripe engineers Stanislas Polu and Gabriel Hubert, has taken a lease at the Fora [...]
Anthropic touts ‘strongest safeguards’ as AI warning dogs IPO push September 10, 2026 Anthropic has defended its safety record after an exiting researcher accused the AI behemoth of “gambling with our lives”, as scrutiny builds ahead of a possible IPO. The Claude maker said it has “some of the strongest safeguards in the industry” and has long been open about the risks posed by increasingly powerful AI. “We [...]