Britain’s data centres are eating the grid – and we underestimated the damage May 14, 2026 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 [...]
Fractile lands $220m as ministers hail ‘vote of confidence’ in UK AI May 13, 2026 British AI chip startup Fractile has raised $220m (£165m) in fresh funding with the government pointing to the deal as evidence the UK can produce globally competitive AI infrastructure companies. The London-founded company, which is developing next-generation chips designed to speed up AI inference – the by which AI models generate responses – said the [...]
Deloitte: UK Gen Z and Millennials delaying milestones and living ‘payslip to payslip’ May 13, 2026 British Gen Z and Millennials are delaying major life decisions as they live “payslip to payslip”, according to data shared exclusively with City AM from Big Four giant Deloitte. The data, based on findings from 806 respondents as part of the firm’s annual Gen Z and Millennial Survey, revealed that around 40 per cent of [...]
Employers think Gen Z has forgotten how to work – are they right? May 13, 2026 Over half of UK employers are worried about Gen Z behaviour and professionalism. Here’s three things they can do, according to Eliza Filby ‘Why won’t our graduates just pick up the phone?’ is the most frequent complaint I hear from leaders. It may be the point of most frustration but it’s far from the most [...]
AI in banks? It’s all marketing and FOMO May 13, 2026 As banks are rush to beef up their AI capacity Samuel Norman recounts the sentiment shared across the industry at a conference in Copenhagen last week. Like all sectors, banks are chasing the promises of AI. The industry is shrugging off growing fears around job losses and rushing to beef up their AI credentials. Last [...]
Arm’s AI ambitions hit supply chain reality despite record revenues May 8, 2026 Computing giant Arm has spent the last twelve months posing as one of the AI boom’s biggest beneficiaries, but the British chip maker’s latest results exposed that the semiconductor supply chain is lagging behind demand. The Cambridge-born company posted record quarterly revenues of $1.49bn (£1.09bn) and annual revenues of $4.92bn on Wednesday, marking its third [...]
IMF warns AI cyberattacks could trigger global financial crisis May 8, 2026 Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new generation of threats. In their new report, the IMF said extreme cyber incidents could spark liquidity pressures and solvency concerns across banks and financial institutions. The lender warned [...]
Samsung workers threaten strike over AI profits as market value hits $1 trillion May 7, 2026 Samsung Electronics is facing the threat of a major worker walkout, after unions demanded a bigger share of the company’s AI-fuelled semiconductor profits. Two Samsung unions are pushing for a seven per cent pay rise and a bonus scheme worth 15 per cent of each division’s operating profits, with workers threatening an 18-day strike later [...]
Britain is using AI, but wants a human boss May 6, 2026 Brits are rapidly folding AI into everyday life, but remain wary of letting it make decisions on its own, according to new EY research that points to a trust problem at the heart of the UK’s AI push. EY’s AI recent sentiment index found 74 per cent of UK consumers have used AI in the [...]
Big Tech wants a slice of the fashion world. But why? May 6, 2026 From Amazon to Meta, Big Tech is snapping up Met Gala tables and Vogue covers, but why, asks Anna Moloney.