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’ [...]
Microsoft boss warns of AI trust crisis as UK workers lag behind bosses Tech 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 [...]
We should be AI optimists, says Bank of England deputy October 12, 2026 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 [...]
Anthropic offers £145k for London personal assistant amid AI agent boom October 12, 2026 The company behind one of the world’s most advanced AI assistants is offering £145,000 for a human one in London, as tech giants continue to rely on people for jobs their own tech promises to automate. Anthropic, the developer of Claude, is recruiting an administrative business partner in the capital, despite developing AI tools capable [...]
‘Rogue’ OpenAI agents blamed for Wikipedia outage as safety concerns mount October 6, 2026 “Rogue” OpenAI agents have been blamed for helping knock a Wikipedia service offline, the latest in a string of incidents involving the ChatGPT maker’s increasingly autonomous technology. The Wikimedia Foundation said agents it believes were operated by OpenAI flooded its platforms with millions of automated requests, crawled millions of pages and made hundreds of thousands [...]
Nvidia launches AI agent safeguards alongside record buyback September 28, 2026 Nvidia has launched new safeguards designed to stop AI agents breaking out of controlled environments, after a series of security incidents have fuelled calls for tighter oversight of the technology. The chip giant said its Open Agent Safety Platform could have prevented OpenAI agents from breaching Hugging Face earlier this year, when thousands of agents [...]
OpenAI’s rogue AI acted ‘like uni students after too many beers’ September 21, 2026 The rogue AI agents behind OpenAI’s unprecedented Hugging Face cyber attack behaved like “university students who’ve had too many beers”, a cyber expert told City AM, saying the breach was more a triumph of persistence than intelligence. Charl van der Walt, global head of security research at Orange Cyberdefense, said that despite the alarm triggered [...]
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 [...]
Nationwide warns returns from corporate AI are still hard to measure August 21, 2026 Nationwide has warned that the financial returns from workplace AI remain difficult to quantify, even as the building society rolls out the technology to around 16,000 staff. Around 1,000 employees across the combined Nationwide and Virgin Money finance team now have premium Microsoft 365 Copilot licences, while some 2,500 engineers are using Github Copilot. Paul [...]