How Luddites can learn to love data centres Opinion From universal childcare to R&D funding for start-ups, tech companies must look at smart ways to get communities to buy in to the AI revolution, says Paul Ormerod The recent midterm elections in America have already generated a massive amount of media commentary. Most of it of course is on the potential political ramifications. But [...]
Revolut to reduce hiring after AI automation campaign Fintech The billionaire founder of Revolut said the fintech is aiming to reduce hiring after leveraging AI for automation across the business. Nik Storonsky, chief executive of the digital banking giant, told the Cheeky Pint podcast that the group began using AI to “optimise customer support” around two years ago. He said now it was in [...]
‘Plenty more pain ahead’: Is the AI bubble bursting? City Talk Global markets are turning red after the blue sweep in the US midterms. Saxo Market’s Neil Wilson asks whether the time has finally come for the AI bubble to burst. Extraordinary market action yesterday. The selling pressure that had been building in AI stocks for weeks finally blew the bloody doors off. The trigger? The Democrats’ [...]
‘The blood is in the streets’: Nasdaq plunges as US midterms rattle SpaceX and Nvidia November 5, 2026 The Nasdaq index was plunging into the red on Thursday after the US midterms rattled AI-related stocks including Nvidia, Oracle and SpaceX. The tech-heavy index, which tracks 100 of the largest non-financial companies, sank more than five per cent to around 24,416 points. Chipmakers Nvidia and Broadcom each helped lead losses down eight and nine [...]
Canva announces sweeping job cuts after ‘hardest year yet’ November 4, 2026 Design software giant Canva has announced a sweeping restructuring affecting more than a fifth of its global workforce, as slowing growth and mounting AI costs put pressure on the Australian tech company. The shake-up will affect 1,271 employees, equivalent to 22 per cent of its workforce, through redundancies, relocations and changes to existing roles. Co-founder [...]
Global markets cheer to ‘gridlock’ after Democrats sweep US midterms November 4, 2026 Global stocks rallied after the Democratic party swept the US midterm elections settings the country up for political “gridlock”. Democrats flipped control of both the House of Representatives and Senate, handing the party greater domestic control over US policy and introducing a major blocker to President Donald Trump’s agenda. In the US, a bill must [...]
Palantir boss gives European firms five years to play catch up on AI November 3, 2026 British and European businesses risk falling behind their global rival within five years unless they rapidly accelerate their AI adoption, the UK boss of Palantir has warned. Louis Mosley, chief executive of Palantir UK, said major European companies were falling behind their American rivals, which are already seeing significant commercial benefits from deploying AI across [...]
Healey vows AI will not ‘leave workers behind’ in £600m Budget package October 24, 2026 John Healey has vowed not to let AI “leave workers behind” as he unveiled more than £600m in investment ahead of next week’s Budget, amid mounting concerns over AI-driven job losses. The Treasury will commit £10m a year to studying the impact of AI on employment, alongside hundreds of millions of pounds for cyber security, [...]
Braddick sets out her vision for banking watchdog with £2bn overhaul October 22, 2026 Katharine Braddick has kicked off her revamp of the UK banking’s watchdog with a regulatory overhaul aiming to generate £2bn in savings for City firms. The Prudential Regulation Authority chief, who took the reins in July, told a City audience on Thursday evening the watchdog would focus on four key priorities of resilience, growth, innovation [...]
Microsoft boss warns of AI trust crisis as UK workers lag behind bosses October 22, 2026 Microsoft chief executive Satya Nadella has warned that increasingly powerful AI systems are becoming less trustworthy, as new research exposes a widening confidence gap between UK bosses and their employees. Speaking at Microsoft’s Frontier Tour in London on Wednesday, Nadella urged businesses to embrace AI while retaining human oversight, warning that the technology’s growing capabilities [...]