No jobs in 30 years? UK tech leaders push back on Musk’s AI claims June 10, 2025 Elon Musk’s bleak prediction that “there’s not going to be any jobs for anyone” in 30 years has come under heavy fire from some of the UK’s leading AI figures at London Tech Week. Instead of sounding an alarm for mass unemployment, UK experts argued for transformation and a new focus on control over AI, [...]
FCA boss: Buy now, pay later regulation is a trade off June 10, 2025 The chief executive of the Financial Conduct Authority (FCA) said the new clamp down on buy now, pay later (BNPL) regulation would be a “trade off” as he faced a grilling from MPs. Nikhil Rathi, who was reappointed as the regulator’s boss in April, told the Treasury Committee the crackdown would have “beneficiaries and downside [...]
Oxford Instruments shares sink as it sells quantum business to US firm June 10, 2025 Oxford Instruments has become the latest British business to hand its quantum technology to the US after reaching a deal with California-based Quantum Design. The FTSE 250 business has offloaded its quantum arm, called NanoScience, to the US firm in a £60m deal, a move it said would help improve focus on profitability amid a [...]
Government urged to add AI minister to every department June 10, 2025 The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years. A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]
Ouch: Three tech firms bail out of the UK in a single day June 10, 2025 The Prime Minister did his best to sound bullish about the future of the UK tech sector yesterday as he opened London Tech Week. Some awkward technical issues with his autocue didn’t put him off his stride as he declared that Britain was “unequivocally, unashamedly and defiantly open for business.” Leaving aside the bizarre idea [...]
London Tech Week: Rio Tinto leans into UK tech to hit net zero targets June 9, 2025 The UK must invest more materials innovation and secure tech partnerships or risk being left behind in the global arms race for essential minerals needed for energy transition, mining giant Rio Tinto execs told London Tech Week. Chief executive Jakob Stausholm and chief innovation officer Dan Walker said the FTSE 100 giant is betting heavily [...]
London Tech Week: Accenture warns of AI divide as Starmer launches tech skills plan June 9, 2025 Sir Keir Starmer may sound like he is making the right noises for the tech sector with his flagship pledge at London Tech Week to train one million students in AI – but new data highlights a stark regional divide has already taken shape. London is rapidly pulling away from the rest of the country [...]
Labour to give HMRC £500m for AI boost June 9, 2025 The British tax agency, HMRC, is set to receive £500m in funding, which will see the introduction of an AI tool to assist the public with enquiries
TikTok to create over 500 UK jobs as major plans revealed June 9, 2025 TikTok is to create more than 500 UK jobs and open a second office in London, it has been revealed. The Chinese-owned social media firm has confirmed its UK workforce will expand to 3,000 by the end of 2025 and it will open a new 135,000 sq ft office in London’s Barbican. The group already [...]
Microsoft announces new Xbox Ally handheld consoles – here’s what we know June 9, 2025 Microsoft has announced two new handheld games consoles, the ROG Ally and the Ally X, which will be released later this year. The new consoles will allow users to access their Game Pass libraries on the go, providing competition to the newly-released Nintendo Switch 2 and the more established Valve Steam Deck. Microsoft has been [...]