From mild to wild: What impact will AI have on banking jobs? June 10, 2026 Top banking bosses have issued their AI verdict after Standard Chartered stunned the sector with plans for sweeping job cuts last month. In this week’s column Samuel Norman looks at whether a reckoning could be on the horizon. The big-name banker must have known how the conversation would go when he arrived for lunch with [...]
GSK says AI is reshaping drug pipeline as Nuvalent deal hits shares June 9, 2026 GSK has said agentic AI is already affecting every asset in its pipeline, as pharmaceutical firms race to use the technology to cut the cost and risk of developing new medicines. Speaking at London Tech Week in Tuesday, Eyal Itskovits, GSK’s director of AI and machine learning, said that the technology has officially become a [...]
Liz Kendall hails ‘Brit-maxxing’ as Labour bets £1.1bn on AI chip race June 9, 2026 Britain must stop listening to the “doubters, doom-mongers and naysayers” and double down on its strengths in AI, Liz Kendall said as she unveiled a £1.1bn package aimed to turn the UK into a global AI hardware powerhouse. Addressing London Tech Week attendees on Tuesday, the tech secretary embraced the conference’s now-familiar “London maxxing” mantra, [...]
Private equity-backed Ryan breaks with billable hour tradition as AI reshapes sector June 9, 2026 Private equity-backed tax specialist Ryan says its value-based pricing is built for the age of AI, unlike competitors that depend on traditional hourly billing. Most of the professional services sector operates under the billable-hour system, in which the specific amount of time spent working on client tasks can be invoiced. But the rise in AI [...]
‘Course correction’: UK economy to contract as ‘energy shock catches up’ June 9, 2026 The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran’s energy price shock will now show up in fresh data. Economists believe that the UK economy declined by 0.1 per cent in April. Official figures will be published on Friday. The [...]
Palantir to sue Khan over blocked Met police contract June 9, 2026 Palantir is set to sue Sadiq Khan after the London Mayor blocked a £50m contract with the Metropolitan Police, claiming the tech giant does not reflect the City’s values. In May, Khan vetoed the deal in which Palantir would have supported Scotland Yard with AI technology, over concerns about the Met’s procurement process, claiming they had failed [...]
Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work June 9, 2026 Jacob Silverman arrives at Kroll’s vast City office for our interview fresh off a delayed flight from Atlanta, but you’d never know unless the bright-eyed New Yorker hadn’t mentioned it. Between sips of diet coke, the firm’s global chief executive offers City AM an upbeat assessment of AI’s influence on the consultancy sector that seems [...]
London Tech Week day one: AI talk has come back down to earth June 8, 2026 AI conversations are no longer about possibility, but infrastructure, writes Russ Shaw in day one of his London Tech Week diary.
‘We’ve got lots of things going for us America doesn’t’: Sadiq Khan on competing with Silicon Valley June 8, 2026 Sadiq Khan has claimed that shifting political dynamics in the US are actively driving tech talent and venture capital to the UK, arguing that London possesses structural and cultural advantages that “America doesn’t” as he seeks to position the capital against Silicon Valley. The Mayor of London announced a new £12m investment programme on Monday [...]
Starmer: Britain must ‘not stick its head in the sand’ on AI June 8, 2026 Sir Keir Starmer has said Britain must not “stick its head in the sand” on artificial intelligence, with the technology set to fundamentally reshape the UK economy. The Prime Minister used his speech at London Tech Week to unveil a major sovereign computing push, new AI skills programmes and a vision for keeping Britain’s fastest-growing [...]