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      Bankers and bots: City lenders to face scrutiny on AI ambitions

      AI technology revolutionizing financial services industry with data analysis, automation, and customer engagement strategies

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      Wimbledon tennis match with players in action on grass court, surrounded by packed audience under clear skies

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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data centre

  • Big Tech steps up energy hiring as grid creaks under AI pressure

    Tech

    Big Tech is increasingly recruiting energy specialists as access to electricity becomes a central constraint on the expansion of AI infrastructure. Energy-related hiring at tech firms rose 34 per cent year on year in 2024, according to Workforce.ai data, and has remained around 30 per cent above pre-2022 levels. The increase reflects growing demand for [...]

    Sir Keir Starmer's government has prioritised investment data centres as a major pillar of its plans to boost economic growth.
  • Data centre planning applications rocketed more than 60 per cent in 2025

    Tech

    Data centre planning applications hit an all-time high in the UK in 2025, City AM can reveal, as investors rushed to gain a foothold in the burgeoning AI market. More than 60 separate planning applications for the construction of new data centres were filed in England and Wales over the course of the year, according [...]

    2024 was a transformational year for GlobalData.
  • Exclusive: Google makes fresh $1bn cash injection into UK data centre subsidiary

    Tech

    Google has poured $1bn into its UK data centre subsidiary, City AM can reveal, in the clearest sign yet that the tech giant is eyeing major expansion of its compute power in Britain. The £775m cash injection was this week filed to Companies House for the same company which controls Google’s Waltham Cross data centre, [...]

    Google UKs new data center conceptual render showcasing modern architecture and sustainable design elements
  • Pinewood: James Bond studio given £1bn licence to build

    December 11, 2025

    Plans for a £1bn expansion of iconic film studio Pinewood which include a “state-of-the-art data centre” have been given the green light. Pinewood Studios submitted the proposals at the end of June to Buckinghamshire Council which were updated from the original scheme which was approved in 2023. Those plans featured 21 new stages at the [...]

  • Britain’s nuclear lag could cost its AI crown

    December 10, 2025

    Britain’s AI boom is running straight into an energy wall, and nuclear power was supposed to act as its crutch to get around it. Instead, the government has hit pause, just as data centre demand is set to explode, leading investors wondering whether the UK risks talking itself out of its opportunity. Recent analysis from [...]

  • London’s £10bn data centre boom accelerates amid AI power crunch

    November 7, 2025

    London’s data centre sector is entering a new phase of expansion, with three major schemes worth over £10bn revealed in the past week. The projects, all located in and around the capital, aim to serve the growing computing needs of the City, tech firms, and the broader UK economy, particularly AI workloads. The developments are [...]

  • Open AI and AMD challenge Nvidia with multibillion chip deal

    October 6, 2025

    OpenAI has announced a multi-billion dollar deal with chip giant AMD to build large scale AI data centres – one of the most direct challenges to Nvidia’s dominance in the AI market to date. Under the partnership, OpenAI will buy six gigawatts of AMD’s next generation processors, starting with the MI450 chip launching in 2026. [...]

  • Dual US-UK listing ‘could become the standard’ says Fermi boss

    October 4, 2025

    A dual UK-US listing could become the standard for IPOs of global firms on both sides of the Atlantic, the boss of Fermi has said, after the firm successfully floated on the Nasdaq and the London Stock Exchange. Toby Neugebauer, chief executive of Texas-based Fermi, said it “makes all the sense in the world” to [...]

  • US Stargate expansion highlights UK’s modest AI ambitions

    September 24, 2025

    OpenAI, Oracle, and SoftBank have unveiled plans to construct five new AI data centres across the US as part of the expansive $500bn (£370bn) Stargate project. This initiative aims to achieve 10 gigawatts of compute capacity by the end of 2025, with the latest expansion bringing the total to nearly seven gigawatts and over $400bn [...]

  • Nvidia-OpenAI deal raises questions over how sustainable the AI boom is

    September 23, 2025

    Nvidia and OpenAI have unveiled what they call the largest AI infrastructure project in history, a partnership to deploy 10 gigawatts of data centres powered by millions of Nvidia’s advanced chips. The deal could see Nvidia invest up to $100bn (£73.99bn) in Sam Altman’s company, even as OpenAI spends billions of dollars buying those very [...]

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