‘Outdated’ consultancy sector faces a reckoning as AI rips up the old model May 27, 2026 For years, the consultancy sector has relied on a traditional model and profitable formula: retained clients, billing time and upselling clients. Another crucial element has been the blend of ‘senior counsel’ supported by a team of juniors carrying out research and compiling reports. But the rug is being pulled from under this model and a [...]
Octopus acquires legal team to boost bereavement services with AI May 27, 2026 Octopus Legacy, a bereavement service owned by Octopus Group, has acquired a private client team from a large UK-based law firm as part of a push to speed up its services using AI. The company’s legal arm, Octopus Legal Services, has taken on a team of 50 legal professionals from NewLaw Solicitors in “a significant [...]
‘Delighted to be wrong’ – Sam Altman changes tune on AI job apocalypse fears May 26, 2026 OpenAI boss Sam Altman has softened his warnings over AI wiping out white-collar work, saying the feared “jobs apocalypse” has so far failed to materialise despite the tech rapidly reshaping business decisions and operations. Speaking on Tuesday, Altman admitted he had expected AI to eliminate far more entry-level office jobs by now following the launch [...]
Top City law firm slammed for ‘misleading’ AI letters sent to court May 26, 2026 A well-known London-headquartered law firm has been criticised by a High Court judge after a lawyer sent the court AI-generated letters containing false legal information. A judgment handed down on 22 May found a junior solicitor at Pinsent Masons used AI to draft two “misleading” emails containing so-called hallucinations sent to the High Court [...]
How can we trust the justice system when AI is hallucinating evidence? May 26, 2026 AI-hallucinated evidence in court has become a structural issue that needs a procedural response, writes Nicholas Blomfield.
Accountants ‘still in high demand’ despite AI impacting sector May 22, 2026 Accountants in the UK are still in high demand despite the impact of AI on the sector, according to new research from the Institute of Chartered Accountants (ICAEW). The body, which regulates and supervises around 12,000 accountancy and audit firms in the country, said that accountants “are still in high demand” even as AI reshapes [...]
Who is accountable when AI gets it wrong? May 21, 2026 AI operates across systems at a pace no human oversight function can match. So who's accountable when it goes wrong, asks Paul Loftus.
Nvidia must ‘step up to the plate’ after $1.5 trillion rally May 20, 2026 The world’s most valuable listed company is expected to report another surge in sales and profits after the US market closes, with Wall Street forecasting quarterly revenue approaching $79bn (£58.9bn). But investors are increasingly questioning how long Nvidia can sustain growth at its current pace after the stock added more than $1.5tn in market value [...]
Standard Chartered bets on AI as it cuts ‘lower value human capital’ May 19, 2026 Standard Chartered has announced plans to slash almost 8,000 back-office roles, stoking fears about the wide scale threat artificial intelligence poses to the global job market. The London-headquartered lender said it would reduce over 15 per cent of its support functions by 2030, equivalent to around 7,800 jobs, as boss Bill Winters pushed through a [...]
Big Tech’s big problem? Consumers are paying to opt out May 19, 2026 Many executives approving AI copilots are also privately paying for products to shield their own children from technology.