As it happened: FTSE 100 slides on market pressures; Google Cloud outage FTSE 100 Live Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index are extending Monday’s losses after a bruising showing following tension in European bond markets. A bond-sell off hit Europe following tensions in France after the Prime Minister introduced a curfew to contain explosive riots. The 10-year yield on French bonds – a direct [...]
AI minister warned UK risks becoming ‘high-value AI customer’ Tech Britain risks becoming a “high value AI customer” rather than developing its own tech unless ministers urgently invest in domestic firms, the government’s top science advisory body has warned. In a letter to AI minister Kanishka Narayan, the Council for Science and Technology (CST) called for a national AI sovereignty plan to reduce Britain’s reliance [...]
We should be AI optimists, says Bank of England deputy Economics A top Bank of England official has called for optimism around artificial intelligence and said leveraging the tech is the “best pathway” to securing economic growth. Sarah Breeden, deputy governor for financial stability at the central bank, said the UK needs to “think ahead” on the future use cases of AI for “how we might [...]
White House tells AI giants to hold models back from UK safety watchdog September 25, 2026 The White House has asked OpenAI and Anthropic to withhold their latest AI models from Britain’s safety watchdog until they have been tested by the US government, threatening the UK’s prized early access to frontier tech. The request from the US Office of the National Cyber Director means the American companies have been asked to [...]
GOV.UK founder warns Britain is ‘dangerously dependent’ on foreign AI September 21, 2026 Britain risks becoming “dangerously dependent” on a handful of foreign tech companies as AI spreads through businesses and public services, the founder of GOV.UK has warned. Mike Bracken, who founded the Government Digital Service and led the creation of GOV.UK, said organisations were steadily giving up control of critical systems as they turned to external [...]
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 [...]
If Britain stops believing in AI we’ll sabotage our own progress September 14, 2026 Britain faces an “AI belief challenge” driven by public skepticism over job losses and corporate greed, requiring companies to align technological progress with human interests, says Michael Hayman Technology companies at the frontier of AI development are rethinking the speed at which they improve the capabilities of their models. Safety is the focus. With it [...]
Tech stocks slide as AI extinction warnings rattle markets September 14, 2026 Tech stocks tumbled across Asia and US futures pointed lower on Monday after some of the world’s most powerful AI bosses called for the industry to slow development over safety fears. The tech-heavy Nasdaq Composite dropped 1.6 per cent shortly after the opening bell, while the S&P 500 fell 0.7 per cent and the Dow [...]
Anthropic boss warns AI could ‘outrun our ability’ to control it September 13, 2026 Anthropic boss Dario Amodei has called for the AI industry to slow the development of its most powerful models, warning that progress is moving “drastically faster” than safety work can keep up. In an essay published on Saturday, Amodei said frontier AI companies should deliberately pace advances in model capabilities, open their systems to independent [...]
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 [...]