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 [...]
The AI cracks are starting to show at law firms April 23, 2026 Law firms have poured vast sums into AI in a race to modernise, but ‘hallucinations‘ and security concerns are exposing the technology’s risks, writes Maria Ward-Brennan. There has been intense pressure on legal, advisory, and consultancy firms to invest in, embed, and deploy AI over the last couple of years, but this pressure is now [...]
Punchdrunk Theatre founder: These video games changed my life April 23, 2026 Punchdrunk is the company that put immersive theatre on the map. Since it was founded more than a quarter of a century ago, it has built a reputation for creating vast, intricate, freeflowing productions in which masked audience-members are allowed to roam freely through its spaces. Hits include The Drowned Man (2013), Sleep No More [...]
The digital bank revolution is over – and that’s a good thing April 23, 2026 Until it was finally unveiled last month, there was more than a year of will-they-won’t-they speculation in the press over whether Britain’s biggest digital bank, Revolut, would be awarded a banking licence by the UK’s financial regulators. It was a long, drawn-out process – far longer than for most of Revolut’s peers – thanks in [...]
Carolyn Dawson: If you’re the smartest person in the room, get out April 23, 2026 Founders Forum CEO Carolyn Dawson takes us through her career in tech, from her most embarrassing interview to her best job advice.
Robert Dyas losses double as Dragons Den star eyes turnaround April 23, 2026 Robert Dyas saw its loss double last year as Dragons Den star Theo Paphitis attempts to reverse the fortunes of the struggling hardware retailer. The company’s pre-tax loss widened to £4.7m last year, more than double its previous £2.3m setback, according to previously unreported Companies House filings. Former Dragons Den magnate Theo Paphitis announced last [...]
Untrained managers are stalling Britain’s AI returns April 23, 2026 British businesses are pouring copious amounts of capital into AI, but meaningful returns are by no means guaranteed. New research from the Chartered Institute of Management found that only one in 20 managers report real, transformational productivity gains from AI investment. Meanwhile, one in four say they have seen no benefit at all. The CMI’s [...]
Is the romance boom a recession indicator? From Mills & Boon to BookTok April 23, 2026 From Mills & Boon to BookTok, romance fiction has thrived for more than a century. But what makes it so economically resilient?
Top boss at UK’s largest property fintech ousted for non-financial misconduct April 23, 2026 A top executive at the UK’s largest property fintech has been ousted following allegations of non-financial misconduct, City AM has learnt. Hugo Davies, the former chief capital officer at Lendinvest, is understood to have been dismissed from the company after a whistleblower penned a letter to the chair of the company, along with the City [...]
Government launches Britain’s largest ever retail investing campaign April 23, 2026 The government has unveiled its industry-backed push to encourage households to plough their savings into the stock market, in what is set to be the largest retail investing campaign of its kind in Britain’s history. Starring a red squirrel called ‘Savvy’, the Invest for the Future campaign will seek to “drive a step change in [...]