WPP slashes jobs as revenue continues to fall August 6, 2026 Embattled advertiser WPP slashed jobs in the first half of the year as its revenue continued to fall. The London-listed media group cut another 1,267 employees in the first half, around 1.3 per cent of its total staffing. Across the 12 months to June, WPP has now slashed its total workforce by 6.4 per cent [...]
Vodafone pushes into legal tech market to co-develop AI platform August 5, 2026 Vodafone has partnered with an AI startup to co-develop a legal tech tool, challenging market heavyweights Harvey and Legora. The telecoms giant has teamed up with Aavalynx to co-develop an AI-driven litigation platform that helps manage and track legal disputes and forecast financial costs tied to these. The AI company told City AM the joint [...]
Nscale doubles London office space as UK staff grows sixfold August 5, 2026 Nscale has doubled its London office space as the AI hyperscaler cements its presence in the capital, City AM can reveal. The tech startup, which develops data centres for AI firms and is reportedly eyeing a $25bn valuation in an upcoming IPO, has leased out an extra floor in the Mayfair building that houses its [...]
UK’s AI watchdog flags new OpenAI and Anthropic cyber alarms August 5, 2026 Britain’s AI safety watchdog was forced to declare a security incident after frontier AI models, including Anthropic’s Mythos, went rogue during a routine test, autonomously spinning up fake identities in a bid to hack real-world software developers. The AI Safety Institute (AISI) revealed on Tuesday that during a cybersecurity evaluation in late, AI models unexpectedly [...]
The best weapon against AI slop is a good lunch August 5, 2026 City AM is rightly campaigning against AI slop but the best answer to the advance of the robots is human connection, and that’s what journalism and PR are best at, says James Millar Some years ago a leading mathematician, genuinely one of the cleverest people in the country, reassured me that AI would not make [...]
AI powerhouses are betting on London’s future August 3, 2026 London is a truly global city with a world-leading financial sector, a sophisticated and mature technology ecosystem, and the infrastructure to support growth at scale – and with these major recent AI office signings, we are seeing the city endorsed by the businesses shaping frontier technology, says Mike Wiseman In my experience, the property market [...]
Boozy lunches still on the menu: Law firms bankroll juniors to schmooze clients in the City July 31, 2026 The long lunch, a cornerstone for corporate workers wooing clients in the City, has been considered to be on the decline with the rise of hybrid working, stretched budgets, and a new cohort of young professionals opting for alcohol-free options. But at law firms, this tradition is not off the menu; instead, it is being [...]
‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI July 30, 2026 The boss of Lloyds Banking Group is preparing to wield the axe on its cost base as the bank doubles down on AI ambitions. Charlie Nunn, the chief executive of the financial services giant, said AI is “going to impact work” and “require us to reskill people and hire new people” as he revealed a [...]
AI data centres and defence tech lead investment wave July 30, 2026 Data centres, energy, and military technologies are the main investment channels tech buyers want to pour money into, according to new research. Law firm A&O Shearman’s latest outlook for technology investment said demand was growing for the infrastructure needed to build and run AI, while software companies faced greater scrutiny over whether AI could replace [...]
Microsoft ‘back on track’, whilst Meta spending leaves investors ‘nervous’ July 30, 2026 Microsoft saw strong growth over the last quarter as demand for its AI products continued to climb, while Meta’s rising spending on AI overshadowed record sales and sent its shares lower. The two US tech giants reported quarterly results after the closing bell on Wednesday, offering investors a clear picture of whether billions of dollars [...]