Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
David Lammy: ‘Technology is the frontline of geopolitics’ as Foreign Office teams up with Big Four giants June 5, 2025 “It is essential" that firms such as the Big Four and UK government "work together", Foreign Secretary tells City AM as his focus shifts to AI.
ABBA legend reveals his one rule for making AI music at SXSW London event June 4, 2025 ABBA star Björn Ulvaeus, who has leaned into music’s technological revolution through his ABBA Voyage hologram show and his campaigning work around music and AI, has said that while he uses AI to make music, it’s essential to rely on a sense of “inner direction” to make sure the music is high quality. It comes [...]
Canva’s AI gambit rekindles the human cost debate June 4, 2025 When Canva announced in April that it was cutting the headcount of its technical writing team, the decision surprised many in the industry. The move came just months after the Australian tech giant had strongly encouraged employees to integrate generative AI tools into their daily workflows – a push that, for some, felt like a [...]
Mastercard: Fraud attempts jump as retailers feel cyber attack sting June 3, 2025 The head of artificial intelligence at Mastercard said the payment giant had seen a surge in fraud attempts, which follows a string of cyber attacks on major retailers. Greg Ulrich, chief data and AI officer at Mastercard, told City AM the payments network is “attacked perpetually” by fraudsters. The payments network recorded a 40 per [...]
Sadiq Khan pitches London as AI hub despite sector concerns June 2, 2025 Sadiq Khan today championed the capital as an open, “values-led” tech hub, telling international investors that London “will always remain open to talent” and is “resolutely pro-growth”, even as sector voices warn of structural barriers limiting UK competitiveness. Speaking at the inuagural SXSW London’s opening, the Mayor of London framed the capital as a “creative [...]
Can Cazoo go from collapse to Auto Trader’s ‘undisputed’ rival? June 2, 2025 Cazoo can double in size over the next couple of years and become the undisputed number two to FTSE 100 giant Auto Trader, the man charged with its phoenix-like recovery has said. Barry Judge, who helped rescue the brand after it collapsed in May 2024, added that the company is working on winning back the [...]
Anthropic boss: AI will take half of entry level jobs in the UK May 30, 2025 Anthropic CEO has warned that AI could eliminate up to 50 per cent of entry-level white-collar jobs in the UK within five years.
Businesses rethink legal strategy as costs of lawyers surge May 28, 2025 Increasing amount of legal work will be handled by in-house law teams rather than law firms as businesses face cost pressures
London slips from top smart centre spot May 28, 2025 London has lost its place as the world’s top hub for science and tech innovation after a sobering report warned of the City’s slipping global status. The UK’s capital fell behind San Francisco and Zurich which stormed ahead with a gain of 16 and 6 points respectively. Meanwhile, London’s rating shed three points as it [...]