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 [...]
Brits swindled out of thousands by unregulated online financial advice October 29, 2025 People have lost thousands of pounds after acting on advice from online unverified sources, despite industry figures warning that their guidance can be misleading or incorrect. Over 40 per cent of Brits admitted to taking advice from online sources, including ‘finfluencers’ and chatbots, without first verifying its legitimacy, according to the latest data from fintech [...]
PwC shrinks global headcount amid $1.5bn AI drive October 28, 2025 Big Four giant PwC has shrunk its global workforce for the first time since 2010, trimming staff numbers by nearly 6,000, as the chairman cited investments in AI tools. In its annual report, published on Tuesday, PwC firms reported record gross revenues of $56.9bn for the 12 months ending 30 June 2025, marking a 2.7 [...]
Nokia shares up 20% as Nvidia takes $1bn stake October 28, 2025 Nokia shares soared as much as 20 per cent on Tuesday after announcing that Nvidia will take a $1bn equity stake in the Finnish telecoms group and partner on developing next-generation 6G and AI. The deal will see Nvidia purchase more than 166 million new Nokia shares at $6.01 each, giving the American chipmaker a [...]
ChatGPT: OpenAI’s safety upgrade offers an illusion of care October 28, 2025 OpenAI has recently told users that its latest chatbot update aims to become a safer tool for users experiencing distress, particularly when showing signs of psychosis, mania, self-harm, and overall emotional over-reliance on AI. The company, known for its trigger of the AI boom in November 2022 and quasi-synonymous to conversational chatbots, said the changes were informed [...]
AI browser wars: How Gemini and Atlas are redefining the attention economy October 28, 2025 The new generation of AI browsers, from OpenAI’s Atlas to Google’s Gemini, aren't about search, but sense-making, writes Paul Armstrong.
Nik Storonsky-backed Robin AI seeks rescue buyer after fundraise falls short October 28, 2025 An AI business backed by the likes of Revolut co-founder Nik Storonsky is seeking a rescue buyer after its fundraising ambitions fell short, City AM can reveal. London-based legal firm Robin AI has been put up for sale on an insolvency marketplace – meaning its future could be in doubt if a buyer is not [...]