US Stargate expansion highlights UK’s modest AI ambitions September 24, 2025 OpenAI, Oracle, and SoftBank have unveiled plans to construct five new AI data centres across the US as part of the expansive $500bn (£370bn) Stargate project. This initiative aims to achieve 10 gigawatts of compute capacity by the end of 2025, with the latest expansion bringing the total to nearly seven gigawatts and over $400bn [...]
Converge AI: Meet the UK tech decarbonising concrete with AI September 24, 2025 Concrete is everywhere; It’s in the roads we drive on, the buildings we work in, and the infrastructure that shapes the UK’s cities. Yet despite its ubiquity, it’s also one of the hardest materials to make environmentally friendly. This is the challenge that British construction tech scale-up Converge AI, founded in 2014, is trying to [...]
Nvidia-OpenAI deal raises questions over how sustainable the AI boom is September 23, 2025 Nvidia and OpenAI have unveiled what they call the largest AI infrastructure project in history, a partnership to deploy 10 gigawatts of data centres powered by millions of Nvidia’s advanced chips. The deal could see Nvidia invest up to $100bn (£73.99bn) in Sam Altman’s company, even as OpenAI spends billions of dollars buying those very [...]
Whitehall pledges skills drive as AI wounds UK’s job market September 23, 2025 The UK government is seeking to strike a balance between the promise and the perils of AI, with ministers insisting they are preparing for a range of outcomnes as the technology reshapes the labour market. Kanisha Narayan, a junior minister at the Department for Science, Innovation, and Technology (DSIT), said the administration was “monitoring data [...]
‘Staggering commitment’: Nvidia to invest up to $100bn in OpenAI September 22, 2025 A massive expansion in OpenAI’s compute capacity will soon be underway after the firm secured a $100bn (£74bn) investment from the world’s best-known chipmaker, Nvidia. The commitment was made as part of a major strategic partnership between the two tech giants, which will see Nvivida deploy at least 10 gigawatts in data centre capacity for [...]
Exclusive: LinkedIn to train AI on UK members’ profiles September 19, 2025 LinkedIn will begin using the profiles, posts, resumes and public activity of UK members to train its generative AI models from 3 November, City AM can reveal. The Microsoft-owned professional network’s new terms of service, which were updated on Thursday, confirm that while private messages are excluded, most public-facing data will feed into AI systems [...]
UK Treasury questions OpenAI, Microsoft, Meta over AI in financial services September 18, 2025 The Treasury Committee has sent letters to six major technology firms, including OpenAI, Microsoft, Meta, and Amazon, seeking detailed information about the role they play in providing AI services to the UK financial sector. The correspondence is part of the Committee’s inquiry into AI in financial services, ahead of forthcoming sessions with regulators and HM [...]
Greg Jackson spins off Kraken from Octopus Energy September 18, 2025 Greg Jackson’s Octopus Energy has announced the spin-off of its technology arm Kraken to become a standalone business. The group said the move is aimed at “speeding up the platform’s expansion across the globe” and allowing Kraken to “fast-track investments into its technology, expand into new energy markets and regions, and drive innovation”. Kraken has [...]
Labour’s AI ambitions will clash with its housebuilding targets September 18, 2025 It was all smiles on Tuesday as Chancellor Rachel Reeves became the latest PPE grad politician to don her PPE robes, in a visit to a construction site in Waltham Cross where she unveiled Google’s new data centre. The opening was a moment of celebration, as Google announced another £5bn investment into the UK, a [...]
What the US tech investments tell us about the UK’s public markets September 18, 2025 There was some debate in the City AM newsroom on Tuesday over which story should grace the front page yesterday. On the one hand, news of £30bn worth of tech investment offered the kind of optimism we’re always looking out for, but on the other hand news came that global fund managers were pulling out [...]