Google maintains search dominance thanks to ads, AI and cloud April 25, 2025 Google’s parent company, Alphabet, reported a blockbuster earnings report on Thursday evening, driven by surging profits and rapid advancements in AI and cloud computing. The Magnificent Seven tech behemoth posted revenue of $90.2bn, a 12 per cent increase year over year. Meanwhile, net income surged 46 per cent to $34.5bn, far exceeding Wall Street expectations. [...]
Tesla misses, yet Musk reassures investors with AI push April 23, 2025 Tesla’s first quarter results, announced at market close yesterday, may have disappointed on traditional metrics. Yet, the company has used its earnings to pivot the story, away from missed car delivery targets and falling profits, and toward its future bets on AI, autonomy and energy. Revenue fell nine per cent year on year to $19.3bn, [...]
Former Google CEO warns AI may soon ignore human control April 16, 2025 Former Google chief executive Eric Schmidt has warned that artificial intelligence (AI) was advancing so rapidly that it may soon no longer need human guidance to evolve. Speaking last week at an event hosted by the Special Competitive Studies Project – a think tank he founded – Schmidt described how AI systems were beginning to [...]
Artists must stop fearmongering. AI is not a threat to the music industry April 16, 2025 AI is not a threat to music any more than drum machines were in the 1980s. Wealthy artists crying about AI are fearmongering, writes Robin Millar.
Exclusive: EY reveals Brits embrace AI at home, not at work April 15, 2025 The UK public is increasingly embracing artificial intelligence (AI) in their personal lives, but barriers to adoption are stopping workers from using the technology at work, according to a new study. EY’s new global AI sentiment index, shared exclusively to City AM, found that while 70 per cent of UK adults had used AI in [...]
OpenAI cuts safety tests in ‘reckless’ AI push April 11, 2025 OpenAI has slashed the time it will spend testing its most powerful artificial intelligence (AI) models, raising concern that the $300bn company is prioritising speed over safety in the global AI arms race. Once known for its rigorous approach to AI risk, OpenAI is now giving safety evaluators just days – sometimes even less than [...]
Why using ChatGPT images could cost you down the line April 8, 2025 ChatGPT's new image generator is no doubt tempting for forward-looking marketeers, but don't shrug off the legal risks, writes Paul Armstrong.
Lessons from the dot-com bubble, 25 years on March 13, 2025 While it’s tempting to compare the current excitement around AI to the dot-com bubble of 2000, it would be wrong to draw too many parallels, says Brad Holland As one market reporter quipped in Summer 2000: ‘pity the poor technology investor’. After the past fortnight’s trimming of US financial markets, some might think this observation has proven [...]
Is nanotech the next big iceberg for business? March 11, 2025 Nanotechnology is being hailed as the next medical revolution, promising everything from precision drug delivery to real-time disease tracking. The same advancements that could wipe out chronic illnesses, however, also open the door to unprecedented biosecurity risks, says Paul Armstrong The fifth anniversary of Covid-19 was a reminder of how fragile global health systems remain [...]
Why top law firms are betting big on virtual reality training | What’s the Context? March 4, 2025 City AM's legal reporter Maria Ward-Brennan visits the law firm Herbert Smith Freehills to try out the virtual reality tools they are testing to train their lawyers.