Untrained managers are stalling Britain’s AI returns Tech 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 [...]
AI job cuts top 50,000 in 2026 as Snap, Oracle, Meta slash roles Tech More than 50,000 tech jobs have been cut in 2026 as tech behemoths such as Snap, Oracle and Meta link layoffs to AI and a shift in spending towards AI infrastructure. Recent figures from Challenger, Gray & Christmas show over 52,000 roles were eliminated in the sector in the first quarter alone, with AI cited [...]
IBM: AI adoption stalls as UK businesses lack clear strategy Tech UK businesses are adopting AI at a pace, but many are still struggling to convert that momentum into real, meaningful financial returns. According to IBM’s Race for ROI study, 66 per cent of British enterprises report significant productivity improvements from AI, with 63 per cent of senior leaders citing noticeable efficiency gains post-adoption. There seems [...]
Dexory auditor raises evidence concerns as robotics firm losses widen April 1, 2026 Auditors for Dexory have issued a rare warning over gaps in its financial records after the British robotics firm Dexory reported surging revenues alongside deepening losses. In newly filed accounts, auditors at Moore Kingston Smith said they were “unable to obtain sufficient appropriate audit evidence regarding the stock quantities”, adding they could not determine whether [...]
Oracle chops headcount as AI reshapes Big Tech workforce April 1, 2026 Oracle has begun a new round of global job cuts, as the software giant ramps up spending on AI infrastructure and follows a broader wave of layoffs across Big Tech. Employees across multiple divisions, including cloud, health, sales and Netsuite, were informed on Tuesday that their roles had been eliminated with immediate effect. In a [...]
AI minister defends billions amid ‘phantom funding’ scrutiny March 10, 2026 Britain’s multi billion-pound push to build sovereign AI capacity will inevitably include projects that are still taking shape rather than fully deployed capital, the UK’s AI minister told City AM, as scrutiny intensifies over the government’s headline investment figures. Kanishka Narayan, who was appointed as AI and online safety minister last September, said the scale [...]
Nvidia results to test strength of rocketing AI spend February 23, 2026 In the wake of the recent Anthropic-driven sell-off in software stocks, Nvidia’s earnings report on Wednesday will serve as a key litmus test for the extraordinary growth fuelling the AI buildout. The chip behemoth, now almost synonymous with the AI boom, is expected to post revenue of between $65.6bn (£48.48bn) and $65.9bn for the quarter [...]
Big Tech steps up energy hiring as grid creaks under AI pressure January 14, 2026 Big Tech is increasingly recruiting energy specialists as access to electricity becomes a central constraint on the expansion of AI infrastructure. Energy-related hiring at tech firms rose 34 per cent year on year in 2024, according to Workforce.ai data, and has remained around 30 per cent above pre-2022 levels. The increase reflects growing demand for [...]
The Magnificent 7 in 2025 – and the survival of the richest December 31, 2025 In the spirit of end-of-year round-ups, it is worth scrutinising the fortunes of the so-called Magnificent Seven: Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla and their dominance of global equity markets, which shows no signs of abating. Yet 2025 was a year that highlighted both the extraordinary influence and the vulnerabilities of these mega-cap [...]
AI use will set great companies apart from the rest in 2026, Dell boss predicts December 31, 2025 The use of AI will “start to be a defining factor that sets great companies apart from the rest”, the UK boss of Dell has predicted. Steve Young, the US giant’s UK senior vice president and managing director, said progress has “laid a strong foundation” but told City AM that 2026 will be marked by [...]