UK AI investment hits record £8.3bn as London tightens grip on tech boom May 18, 2026 Britain’s AI sector pulled in a record £8.3bn of investment last year, as global investors raced to back the country’s next generation of AI firms, with London tightening its grip as Europe’s leading tech hub. New research from Barclays Eagle Labs found funding into UK AI companies surged in 2025 after a sluggish period for [...]
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 [...]
OpenAI-linked shares plummet after it fails to hit growth targets April 28, 2026 Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
Untrained managers are stalling Britain’s AI returns April 23, 2026 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 April 16, 2026 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 April 10, 2026 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 [...]