Themis snaps up Pasabi in AI fraud fight as financial crime costs soar October 3, 2025 London-based financial crime intelligence firm Themis has acquired fraud monitoring company Pasabi, in a move aimed to accelerate the use of AI in tackling one of the fastest-growing criminal threats facing businesses and consumers globally. The deal, approved under the UK Home Office’s National Security and Investment Act, is set to fold Pasabi’s fraud detection [...]
AI healthtech Cera can slash NHS emissions, new study finds October 3, 2025 An AI-powered model for home healthcare can reduce carbon emissions by around 15 times compared with hospital care, new research has found, adding an environmental dimension to the case for shifting more care out of hospitals and into the community. An independent third party analysis by IEP confirmed that that Healthtech company Cera’s home-first model [...]
Why did an AI Chatbot try to convince me Charlie Kirk was alive? October 2, 2025 On the day of Charlie Kirk’s funeral, the AI model Claude went full Colonel Kurtz on me, accusing me of spreading fake news and having a full-blown mental health crisis. In a piece of writing I had referenced the recent assassination of Charlie Kirk and asked Claude to check my grammar. It replied saying: “The Charlie Kirk reference needs clarification [...]
Retail investors put increasing trust in AI to build their portfolio October 2, 2025 UK retail investors are putting increasing amounts of trust in AI tools to build their investment portfolio, believing it is able to make more informed decisions. According to the latest report from investment platform eToro, the number of investors using AI tools has increased by 45 per cent over the last year. Of the investors [...]
UK ‘open for business’ as tech M&A surges October 2, 2025 The UK tech sector is experiencing a resurgence in mergers and acquisitions (M&A), driven by a combination of domestic innovation, international investment and the rapid adoption of AI. “The UK is definitely open for business”, investment banker Victor Basta told City AM. “It has enormous talent, and for international companies, particularly those who can’t invest [...]
Sora: OpenAI targets Tiktok with AI social media platform October 1, 2025 OpenAI has taken an ambitious step into the social media market with the launch of ‘Sora’, its new app designed for users to generate and share AI-generated video content. Coupled with the roll-out of Sora 2, its new audio-visual software model, the platform aims to shift AI from a mere productivity tool, into a space [...]
Most businesses use ChatGPT before consulting their accountant October 1, 2025 Almost two-thirds (64 per cent) of businesses are now using public AI chatbots for advice before consulting their accountant, according to new research exclusively shared with City AM. A survey of 500 senior decision-makers within UK accountancy firms, conducted by Ravical for its ‘Accounting in the Age of AI‘ report, found clients are no longer [...]
eBay launches £3m AI programme for UK SMEs October 1, 2025 E-commerce giant eBay has unveiled a major initiative aimed at helping UK small businesses harness the power of AI and compete with larger enterprises. The company’s new programme, ‘AI activate’, is a £3m investment that will provide up to 10,000 small enterprises with fully funded access to OpenAI-powered tools and tailored training to boost productivity [...]
Close Brothers looks to ‘accelerate’ after ‘messy’ year October 1, 2025 Close Brothers is hoping to switch gears and “accelerate” after the motor finance scandal had the bank stuck in a rut. The specialist lender’s share price has swerved between a low of 185.00 and peak of 555.00 over the last 12 months. The car misselling saga has been the driving force of stock woes, sending [...]
Tax hikes push firms to automate jobs, says top UK recruiter October 1, 2025 Tax hikes and wage pressures are putting Brits at risk of losing roles to automation and offshoring, a top UK recruitment firm has warned. Hays has warned Britain is becoming “unattractive to hire people permanently” as employer costs mounted over the last year. “Wage pressures and national insurance changes are pushing employers to explore automation [...]