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 [...]
Exclusive: Nvidia boss tells China ‘We won’t operate where we’re not wanted’ September 17, 2025 Nvidia chief executive Jensen Huang said he was “disappointed” with China’s internet regulator banning the country’s largest tech firms from buying Nvidia’s AI chips. The quasi-celebrity, leather jacket-wearing billionaire told City AM: “We could only be in service of a market if the country wants us to”. His response follows the Cyberspace Administration of China [...]
Nvidia bets £11bn on UK AI with GPU deal, amid Trump state visit September 17, 2025 Nvidia is pumping up to £11bn into Britain’s AI ecosystem in a move that will see the UK host Europe’s largest GPU cluster by 2026, with 120,000 of its latest Blackwell Ultra chips deployed across new data centres. The investment, unveiled late on Tuesday and timed to coincide with President Donald Trump’s state visit to [...]
Shortage of skilled lawyers challenges UK life sciences sector September 17, 2025 The UK market is experiencing a shortage of lawyers at life sciences businesses amid a growing need for talent to meet the rising demand for regulatory advice from businesses. A report from recruiter Major, Lindsey & Africa highlights a lack of UK candidates with expertise in legal, regulatory, and compliance matters, intellectual property (IP), and [...]
The UK’s Tech Prosperity Deal is a high-stakes gamble September 17, 2025 As President Donald Trump stepped on British soil, the two nations unveiled a landmark “Tech Prosperity Deal,” a pact aimed at cementing Britain’s position as a global leader in AI, quantum, and nuclear energy. Hailed by prime minister Keir Starmer as a “generational step change”, the agreement is underpinned by £31bn in private investment from [...]
Trump visit brings ‘historic’ £30bn investment into UK tech and AI September 16, 2025 Microsoft has announced its largest ever UK investment, pledging £22bn to expand AI infrastructure and build the country’s largest supercomputer, as president Donald Trump touched down in London for his state visit. The commitment forms part of a wider US-UK Tech Prosperity Deal, encompassing £31bn of American investment across AI, quantum computing, and advanced nuclear [...]
Trump’s UK state visit sparks tech investment buzz, but how realistic are the gains? September 16, 2025 US president Donald Trump will arrive in the UK on Tuesday evening for a state visit, bringing with him a wave of attention on transatlantic tech investment. The two-day trip, marked by royal pageantry at Windsor Castle and private talks at Chequers with Prime Minister Keir Starmer, coincides with announcements already made of nearly $10bn [...]