Exclusive: Lloyds in tie-up with Google to build AI agents April 30, 2026 Lloyds Banking Group has formed a tie-up with Google as the financial services giant sets its sight on building its own AI agents, City AM can reveal. The blue-chip lender is leveraging Google Cloud – the tech giant’s suite of computing services – and the bank’s existing Large Language Model to create a new internal [...]
The AI bubble has a name – and it’s OpenAI April 29, 2026 For three years, Sam Altman has worn the badge of greatest pitchman in the history of tech. He sold the world a vision of artificial general intelligence – a machine that thinks, reasons and creates – and sold investors the bill to build it. The man raised more capital in a single funding round than [...]
Big Tech earnings to test AI demand – and Nvidia surge April 28, 2026 Big Tech earnings this week are expected to provide a clearer picture of the AI state of play, with results from Microsoft, Alphabet, Meta and Amazon set to offer updates on capital expenditure and AI-related revenues. The results come as Nvidia, the booming chip darling, closed last week at a record high, taking its market [...]
European banking jobs face AI reset ‘not mass job losses – for now’ April 10, 2026 European banking jobs are in line for a boost from AI despite widespread fears the integration of new tech will trigger mass layoffs, according to fresh analysis. The headcount at the top lenders is expected to get a four per cent average uplift, analysts from Bloomberg Intelligence said in a new note. The increase is [...]
Revolut follows Starling with AI agent as tech arms race heats up April 9, 2026 Revolut has waded into the AI arms race with the debut of its personal finance assistant as fintech firms race to beef up the tech in their all-in-one super apps. The $75bn digital banking giant has launched AI by Revolut – a financial assistant embedded into its app. The chatbot provides spending insights, investment updates [...]
Why the AI boom can’t be compared to the dotcom bubble March 30, 2026 Fears that the AI boom is heading for a dotcom-esque crash have been simmering for quite some time now, as tech stocks wobble and valuations reset. But new data suggests the comparison is flawed, and risks missing what is actually happening in the market. According to Redpoint Ventures’ 2026 market update, today’s AI cycle is [...]
For FSCS sake: Meet the body that protects Britain’s savers in a financial crisis March 30, 2026 As echoes of 2008 percolate through the banking system, the body that serves to protect Britain in a financial crisis says it’s ready to weather any storm. A combination of fears around private credit, the “stretched” value of artificial intelligence firms and more recently, concerns around a global energy shock, have made top bankers sound [...]
OpenAI investor calls for tax overhaul as AI reshapes jobs market March 29, 2026 An early investor in OpenAI has called for a radical overhaul of the US tax system in anticipation that the rise of AI will necessitate a shift from taxing labour to taxing capital. American businessman and venture capitalist Vinod Khosla has said that as the accelerated automation of the workforce fuels public anxiety over job [...]
Nvidia’s $1 trillion bet keeps bubble fears at bay March 17, 2026 Nvidia has raised its estimate of the potential market for its artificial intelligence chips to $1 trillion by 2027, in a move that helped steady investor concerns about the durability of the AI boom. Speaking at the company’s developer conference in California, chief executive Jensen Huang said demand for AI computing continues to expand as [...]
UK banking sector faces ‘AI-washing’ legal warning March 16, 2026 The UK’s banking sector is facing a new wave of regulatory AI warnings as bullish lenders race to rapidly beef up their tech capacity. Rosehana Amin, cyber and litigation partner at Clyde & Co LLP, warned banks may face a significant legal liability over misleading markets over their use of AI. Speaking at the City [...]