Britain’s data centres are eating the grid – and we underestimated the damage Tech UK data centre emissions forecasts have been revised upward 100-fold. London’s server farms already consume more power than all its households combined. So why did it take this long to do the maths? Data centres are consuming six per cent of all UK electricity, while government emissions forecasts have been revised upward by a factor [...]
Cisco’s ‘record highs’ face AI earnings reality check Tech Cisco is set to report its quarterly earnings after the bell on Wednesday, and Wall Street is looking for evidence that the software giant’s AI-fuelled rally still has legs. Investors expect the Silicon Valley group to post third-quarter revenue of roughly $15.56bn (£11.52bn), up from $14.15bn a year ago, with earnings per share forecast at [...]
Big Tech results: Alphabet soars as Meta meta sinks on spending plans Tech The four largest AI players reported quarterly earnings simultaneously for the first time on Wednesday, delivering a broadly positive set of results that nonetheless triggered a sharp divergence in after-hours share price moves. Alphabet led the pack, with Google’s parent company posting revenue of $109.9bn (£81.6bn) a 22 per cent rise on the same period [...]
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 [...]
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 [...]
S4 Capital sales fall as tech clients divert cash to AI build-out March 24, 2026 Sir Martin Sorrell’s S4 Capital has been hit with sliding sales as its biggest clients spend less on advertising and more on building AI. The digital advertising group behind Monks reported revenue of £754.8m for 2025, down 11 per cent from £848.2m a year earlier. Net revenue fell 10.8 per cent to £673m, reflecting weaker [...]
US tech stocks slide as Microsoft rout sharpens AI spending doubts January 30, 2026 US technology stocks sold off sharply on Thursday, as a bruising slump in Microsoft sparked investor unease over how long it will take for mass AI investments to pay off. The tech-heavy Nasdaq Composite closed down 0.72 per cent at 23,685, weighed down by heavy losses across software giants. The S&P 500 slipped 0.13 per [...]
IBM sheds nearly 400 UK jobs as profit slashed July 22, 2025 IBM shed almost 400 jobs in the UK in 2024, it has been revealed, as its profit was slashed by nearly a quarter. The UK arm of the US giant saw its headcount reduce in the 12 months from 7,309 to 6,920, new accounts filed with Companies House show. The fall in headcount in 2024 [...]
Microsoft shares jump after AI bets pay off May 1, 2025 Microsoft shares surged over six per cent in after hours trading on Wednesday after the tech giant delivered another quarter of better than expected earnings, driven by its booming cloud and artificial intelligence (AI) businesses. The company posted revenue of $70.1bn (£52.5bn) for the quarter ending in March, up 13 per cent year on year, [...]