OpenAI’s new Amazon deal reveals the cost of AI dominance November 5, 2025 In the battle for AI dominance, computing power has become the new oil, and OpenAI’s $38bn (£29bn) partnership with Amazon is the latest sign of just how expensive that race has become. The ChatGPT maker’s seven-year agreement with Amazon Web Services (AWS) marks a turning point not just for OpenAI, but for the wider cloud [...]
UK telecom giants sign new pact to block scam calls as AI drives fraud November 5, 2025 Britain’s biggest mobile networks have agreed to overhaul their systems to stop scammers using fake numbers to impersonate banks and government departments. As ministers seek to stem the growing tide of AI-driven fraud, BT, EE, Vodafone, Three, Virgin Media O2, Sky, TalkTalk and Tesco Mobile have signed a new telecoms charter with the Home Office. [...]
Tech stocks plunge after Big Short investor bets against AI November 4, 2025 American tech stocks fell sharply on Tuesday after a hedge fund manager famed for predicting the Global Financial Crisis revealed he had taken out a billion-dollar bet against some of the world’s largest artificial intelligence companies. Michael Burry, the star stock picker whose decision to short the property market was depicted in the blockbuster ‘Big [...]
Court rejects Getty Images’ core claim in historic case against AI image generator November 4, 2025 The High Court dismissed Getty Images’ core intellectual property claims against an AI image generator, but also granted it limited historic success in a landmark UK lawsuit. US giant Getty Images sued UK-based AI image generator Stability AI, alleging it unlawfully copied and processed millions of copyrighted images to train its image generation technology. The [...]
Starmer urged to back journalism as AI erodes trust in UK media November 3, 2025 Britain’s media leaders have urged the Prime Minister to take decisive action to protect trusted journalism from a rising tide of misinformation, warning that the future of the country’s news ecosystem is at risk. In a letter to Keir Starmer, senior figures from the BBC, Sky, ITN, and the News Media Association (NMA), which represents [...]
Salesforce: UK profit surges as 300 jobs lost November 3, 2025 The UK division of Salesforce has made another huge round of job cuts as its profit jumped by 65 per cent during its latest financial year. The firm’s headcount fell from 2,964 to 2,673 in 2024, new accounts filed with Companies House have revealed. The reduction comes after Salesforce also cut more than 450 jobs [...]
Big Tech earnings: Investors reward AI returns, punish spending spree October 30, 2025 Wall Street was shaken up by Silicon Valley heavyweights overnight as a trio of Big Techs laid bare the cost of their AI strategies. Alphabet, Meta and Microsoft all reported earnings after the bell on Wednesday, offering investors a glimpse into the now trillion-dollar race to lead the AI boom. But, while Alphabet, Google’s parent [...]
OpenAI eyes $1 trillion IPO as soon as 2026 October 30, 2025 OpenAI has begun preparations for a blockbuster float that could see the tech juggernaut valued at as much as $1 trillion (£750bn). The ChatGPT maker is understood to be considering filing IPO paperwork as soon as the second half of 2026, with the listing taking place later that year or early the following year. OpenAI [...]
Exclusive: Liz Kendall bets £55bn to close UK innovation gap October 30, 2025 Britain’s new tech secretary, Liz Kendall, insists the government’s record £55bn R&D package marks a turning point for UK innovation, but with the country still lagging global rivals in key sectors, questions remain over whether even this scale of investment can close the gap. The funding, confirmed on Thursday by the Department for Science, Innovation [...]
Barclays and Santander top highest customer exodus after outages October 30, 2025 Barclays and Santander recorded the highest net losses of current account switches in the second quarter of the year after outages disrupted thousands of customers’ online banking. Over 22,000 users switched from Barclays in the three months to June 2025, with just under 4,000 joining, marking a net loss of over 18,000. Santander recorded a [...]