Top City analyst cloned in AI deepfake scam March 21, 2025 Michael Hewson – one of the City’s most respected market analysts – was cloned as part of an AI-powered social media scam. A fake video using AI to pose as the host of the Good Money Guide Podcast circulated on Facebook and Instagram this week, attempting to lure users into joining a Whatsapp group. The [...]
Natwest partners with OpenAI as FTSE giant scales up tech March 20, 2025 Natwest announced on Thursday it has entered a partnership with OpenAI to focus on “bank-wide simplification”. The FTSE 100 lender said it would leverage AI to meet customers’ needs faster and more effectively, whilst increasing productivity and efficiency across operations. The firm said it would deploy “some of the latest and most powerful developments in [...]
Softcat beats analyst expectations as profit jumps March 19, 2025 UK tech infrastructure firm Softcat beat analyst expectations last year as profit growth accelerated into the double digits over the last six months of the year. Gross profit at the firm increased by 12.1 per cent to £220.2m, above analyst expectations of £218.3m, Softcat revealed in its half-year report. Meanwhile, operating profit climbed 10.4 per [...]
Signing up to a new AI tool? For the love of God, read the small print! March 18, 2025 Influencers are flogging AI programmes as "neat little tools", but failing to read the small print could prove costly, writes Paul Armstrong.
AI adoption at UK banks lags behind US rivals March 17, 2025 UK banks are playing catch up to their US and European counterparts on AI adoption, new research has revealed. Evident Insight’s latest Responsible AI Report showed US banks led the way for AI specialists, with 20 positions alone at JPMorganChase – three times the average lender. Co-founder and co-chief executive of Evident Insights Alexandra Mousavizadeh [...]
Oracle: Billionaire backer of Donald Trump to invest billions in the UK March 17, 2025 Oracle, the US technology giant founded by a major billionaire backer of Donald Trump, has announced plans to invest $5bn (£3.9bn) in the UK. The company, which was co-founded by Larry Ellison, said it will invest the money over the next five years to ‘meet the rapidly growing demand for its cloud services in the [...]
Analysis: What do Starmer’s reforms actually mean – and can they work? March 15, 2025 Sir Keir Starmer has announced his reform plans to make the British state more “innovative and effective”. The Prime Minister unveiled a series of new measures on Thursday, including the headline abolition of NHS England – the arms-length body which runs the NHS in England. But Sir Keir also spoke about his broader ambitions to [...]
Lessons from the dot-com bubble, 25 years on March 13, 2025 While it’s tempting to compare the current excitement around AI to the dot-com bubble of 2000, it would be wrong to draw too many parallels, says Brad Holland As one market reporter quipped in Summer 2000: ‘pity the poor technology investor’. After the past fortnight’s trimming of US financial markets, some might think this observation has proven [...]
Keir Starmer to pledge red tape rollback in bid to ‘reshape the state’ March 12, 2025 Sir Keir Starmer is expected to pledge to slash red tape for businesses in a bid to “reshape the state” of the UK amid what he will call a new “era of instability”. The Prime Minister is set to make an announcement on Thursday about his plans to reform the British state, cut regulation, and [...]
UK firms lead AI race, whilst regulation holds back EU March 11, 2025 UK chief executives are leading with Artificial intelligence (AI) implementation in the workplace compared to their European counterparts, who are struggling with regulation. New research by Harris, on behalf of AI platform Dataiku, highlighted a significant gap in adoption between the UK and the EU due to regulatory concerns. The report found that just 26 [...]