Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
Banks have used AI for decades, but ChatGPT bias changes everything June 13, 2025 Banks may have been using AI for decades, but ChatGPT and its in-built biases present a massive problem for the industry, writes Lewis Z Liu.
KPMG: The real AI bottleneck isn’t tech, it’s humans June 12, 2025 The challenge with AI is no longer about whether the tech works, but whether the people and processes around it are ready, claimed business and tech leaders at KPMG’s panel at Viva Tech Paris. “We see the potential”, said Nicole Buttner, chief executive of Melantec and general secretary of Germany’s MPP party. “But it’s like [...]
Nvidia’s Jensen Huang: ‘Praise and promise are useless’ without UK AI infrastructure June 12, 2025 “Praise and promise are completely useless” without AI infrastructure, Nvidia’s chief executive, Jensen Huang, told City AM when asked about the effusive comments he made on Britain’s AI capabilities just a couple of days prior. At London Tech Week on Monday, the tech heavyweight dubbed ‘AI godfather’ lauded the UK’s AI talent, but flagged a critical lack [...]
Law isn’t like other professions; misusing AI may put lawyers in jail June 12, 2025 Lawyers were slapped with the reality that when AI goes wrong, they will be liable for it, and may face serious consequences
Darktrace: Most firms dangerously exposed to AI cyber threats June 11, 2025 As artificial intelligence rapidly reshapes the cyber security landscape, many businesses remain dangerously under-prepared, missing foundational practices while rushing to adopt AI tools. At London Tech Week on Tuesday, top industry and government voices in the space warned that without getting the basics right, even the most advanced AI solutions won’t be enough. This announcement [...]
ChatGPT down: did anyone need more proof we’re all addicted? June 10, 2025 Uh-oh, it looks like the rumours are true! ChatGPT went down this morning and its temporary loss proved we’re all as addicted as everyone feared. “How will I answer if someone asks me my name,” one user wrote on social media. Another less dramatic post perhaps captured the nation’s feelings more aptly: “Can’t function now [...]
ChatGPT down: chatbot owners respond as AI fails June 10, 2025 It’s the sort of social media storm we’ll almost certainly be seeing a whole lot more of in the future. As ChatGPT temporarily went down this morning due to technical issues, thousands of users were left without the use of the world’s most commonly adopted AI. Many have taken to social media to share how [...]
Labour to give HMRC £500m for AI boost June 9, 2025 The British tax agency, HMRC, is set to receive £500m in funding, which will see the introduction of an AI tool to assist the public with enquiries
London Tech Week: Barclays partners with Microsoft in major AI roll-out June 9, 2025 Barclays is set to roll out Microsoft 365 Copilot to 100,000 employees worldwide, in one of the largest known deployments of generative AI tools in the banking sector to date. The announcement was made at London Tech Week by Microsoft’s UK chief, Darren Hardman, who signalled a major step in embedding the technology into day-to-day operations in [...]