Analysis: AI sell-off leaves markets at a crossroad Markets A rout in AI and tech stocks has wiped trillions off global markets. For City AM’s Midday Markets newsletter, Ali Lyon chews over what it all means. It’s been one of those mornings when analysts have woken up and reached for their morbid bon mots of choice. “Bloodbath” has proven popular. So too, “capitulation-level event” [...]
As it happened: WPP leads FTSE higher as market digests ‘do no harm’ Budget FTSE 100 Live Welcome to City AM‘s FTSE 100 liveblog. It’s Thursday morning and stocks are set to rise on the market open. Investors will be picking through John Healey’s maiden Budget throughout the day, which pushed up shares in banks and gambling firms after they were spared worse tax raids. The FTSE 100 closed level on Wednesday [...]
9 best London Film Festival movies – and when they’re in UK cinemas Life&Style Over 250 films, 33 world premieres, and 88 participating countries… City AM’s culture desk have rounded up the movies we saw at this year’s London Film Festival, which has wrapped for another year. From legal dramas to terrifyingly prescient films about AI, alternative histories and horrors, here are our thoughts on the releases this year, [...]
AI giant Perplexity taps London startup Valarian in sovereign tech drive October 20, 2026 US AI giant Perplexity has struck a deal with London-based startup Valarian to bring its technology into the UK government and defence systems, a major boost to Britain’s ambition to reduce its reliance on foreign tech infrastructure. The partnership will let governments and businesses handling sensitive information deploy Perplexity’s AI within their own infrastructure, keeping [...]
Anthropic warns investors of ‘existential risk to humanity’ in IPO pitch September 29, 2026 Anthropic has warned investors that its most advanced models could pose “existential risks to humanity” in an initial public offering pitch document that also revealed ballooning losses and surging costs at the AI juggernaut. In a prospectus published before its eagerly awaited public debut, Dario Amodei’s tech giant argued AI would transform the global economy [...]
Former Anthropic researcher behind ‘AI could kill us’ warning called to UK parliament September 16, 2026 Former Anthropic researcher Jacob Coxon has been invited to give evidence to parliament following his stark warnings over the threat posed by AI, City AM understands. Liam Byrne, chair of the Business, Innovation, Science and Trade Committee, told City AM that MPs have asked Coxon to appear as part of a parliamentary examination of AI [...]
Microsoft vows AI will ‘always work in service of people’ as safety fears spread September 14, 2026 Microsoft has drawn up new limits for its homegrown AI models after Silicon Valley’s sudden reckoning with the risks of increasingly powerful systems spreads to one of its biggest companies. The US tech giant published a provisional code of conduct on Monday that requires its future models to remain under human control, accept correction, shut [...]
Anthropic researcher quits as colleague warns AI could ‘kill all humans’ September 9, 2026 An Anthropic researcher has resigned from the trillion-dollar AI behemoth on safety grounds, accusing it and rival OpenAI of “racing straight to self-improving superintelligence and gambling with our lives”. Jacob Coxon, who spent three years working on AI model training across Anthropic and ChatGPT-maker OpenAI, said on Wednesday that neither company was “acting responsibly” as [...]
Does the real economy care that much about AI? August 13, 2026 Take your pick of alarmist projections about the future of the global economy from top tech leaders. Monzo’s founder, Tom Blomfield, reckons unemployment will surge over the next five years as more and more human output is replaced by AI. Elon Musk reckons it will be near 100 per cent in a decade. But projections [...]
Exclusive: Blackstone set to back AI ‘droid’ firm at $3.5bn valuation August 4, 2026 Blackstone is weighing a fresh funding injection for Nvidia-backed artificial intelligence firm Factory in a deal likely to value the coding company at more than $3.5bn, City AM has learned. The New York-headquartered investment giant, which has been ploughing cash into AI firms and digital infrastructure in recent years, is considering the investment as part [...]