Worried about AI taking your job? Zuckerberg is building one to do his Tech While much of the debate around AI has swirled around which jobs it may inevitably replace, Big Tech behemoth Mark Zuckerberg is placing the technology at the helm of his trillion dollar business. The Meta chief executive is developing a personal AI agent designed to assist with his role, retrieving information, and cutting through layers [...]
Ex-Google executive puts AI hiring under scrutiny AI A former Google Cloud executive has put AI hiring and its consequences under renewed scrutiny in a US courtroom. The unnamed ex-Big Tech employee’s testimony revolved around how automated, agentic systems are increasingly shaping recruitment decisions, not at the final interview stage, but much earlier, where candidates are filtered, ranked and, in many cases, excluded. [...]
Anthropic: AI hasn’t caused job losses yet, but hiring is slowing AI AI has yet to trigger the wave of job losses many fear, according to one of the sector’s biggest players, but early signs suggest it may already be reshaping how companies hire. New research from Anthropic found little evidence that AI has increased unemployment in the occupations most exposed to the technology since the launch [...]
WPP shares plunge after turnaround plan targets £500m of savings February 26, 2026 WPP has promised to make £500m of cost savings by the end of 2028 as part of a root-and-branch turnaround plan after suffering a halving of profit. The FTSE 250 firm’s new boss Cindy Rose told reporters she had already “identified multiple initiatives” to deliver on its ambitious savings commitment to help turn around a [...]
This is why Nvidia’s results failed to woo investors February 26, 2026 Nvidia’s earnings juggernaut continued this week with another quarter of rapid growth, record revenues and guidance ahead of expectations. Yet the reaction from Wall Street was muted, reflecting the scale of expectations now set for the world’s most valuable listed company. The chip giant reported fourth-quarter revenue of $68.1bn (£50.3bn), up 73 per cent year [...]
Trump calls on Big Tech to protect households from AI power costs February 24, 2026 The White House has requested formal pledges from US tech giants that the swelling data centre boom will not drive up electricity bills for households, as concern mounts over AI’s energy demands. Donald Trump has approached behemoths like Microsoft and Alphabet, who have notoriously rallied behind his administration, about signing voluntary, non-binding agreements committing them [...]
Big Tech buries billions in AI debt as bubble fears mount February 19, 2026 Meta is paying roughly $6.5bn (£4.82bn) in extra financing costs to keep $27bn of AI infrastructure borrowing off its balance sheet, a costly accounting choice that captures the mood in Big Tech’s race to build the pipes of AI without spooking investors. The arrangement, known as special purpose vehicle financing (SPV), allows an external entity [...]
Anthropic’s new AI legal tool wipes billions off European data stocks February 3, 2026 Shares in Europe’s biggest data, publishing and legal software groups slumped after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close to 11 per cent, while Pearson dropped around four per cent. London [...]
Amazon and Alphabet’s AI spending faces billion-dollar litmus test February 2, 2026 Investors will get a clearer read this week on whether Big Tech’s vast AI spending is turning into real returns, as Alphabet and Amazon report earnings amid heightened market sensitivity to cloud growth, margins and costs. Both tech giants sit at the centre of the AI boom, but recent volatility in US tech stocks has [...]
US tech stocks slide as Microsoft rout sharpens AI spending doubts January 30, 2026 US technology stocks sold off sharply on Thursday, as a bruising slump in Microsoft sparked investor unease over how long it will take for mass AI investments to pay off. The tech-heavy Nasdaq Composite closed down 0.72 per cent at 23,685, weighed down by heavy losses across software giants. The S&P 500 slipped 0.13 per [...]