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 UK cuts 400 jobs as turnover nears £3bn Tech The UK arm of Google cut almost 400 jobs during its latest financial year as its turnover neared the £3bn mark, it has been revealed. The London-headquartered division reduced its headcount from 7,422 to 7,029 in 2024, new accounts filed with Companies House show. The results also reveal that Google UK’s turnover increased in the [...]
UK Treasury questions OpenAI, Microsoft, Meta over AI in financial services Tech The Treasury Committee has sent letters to six major technology firms, including OpenAI, Microsoft, Meta, and Amazon, seeking detailed information about the role they play in providing AI services to the UK financial sector. The correspondence is part of the Committee’s inquiry into AI in financial services, ahead of forthcoming sessions with regulators and HM [...]
Labour’s AI ambitions will clash with its housebuilding targets September 18, 2025 It was all smiles on Tuesday as Chancellor Rachel Reeves became the latest PPE grad politician to don her PPE robes, in a visit to a construction site in Waltham Cross where she unveiled Google’s new data centre. The opening was a moment of celebration, as Google announced another £5bn investment into the UK, a [...]
Revolut deepens Google Cloud partnership amid ambitious growth plans September 4, 2025 Revolut has announced an expanded partnership with Google Cloud, aiming to scale its services to over 100m customers while enhancing product innovation through AI and machine learning. The fintech giant, which currently serves over 60 million users globally, will leverage Google’s infrastructure to improve back-end operations, fraud detection, and personalised customer experiences. Revolut will harness [...]
Cryptoasset regulation is a make or break moment for the City of London September 4, 2025 The UK must rapidly adjust to new digital assets technologies like crypto or risk losing our place as a global financial hub.
Morrisons taps Google’s Gemini AI to solve the supermarket scavenger hunt July 9, 2025 Morrisons has rolled out a generative AI-powered tool, backed by Google Cloud and Gemini, that helps customers find products in store, part of its ongoing digital revamp and data infrastructure overhaul, City AM can reveal. The feature allows users to type in queries for items, ranging from ‘tahini’ to ‘that tomato puree in a tube’, [...]
Alphabet slides as Apple eyes Google overhaul – and UK probe looms May 8, 2025 Alphabet – Google’s parent company – suffered its worst drop in shares since October on Wednesday, falling 7.5 per cent after the iPhone maker, Apple, revealed a historic sip in Safari search and hinted to a strategic shift to AI-powered rivals. This move may be the first signs of the end for Google’s long held [...]
Google Cloud flies in Microsoft and Accenture veteran for UK and Africa expansion January 8, 2025 Google Cloud has appointed a former Microsoft corporate vice president and 25-year Accenture veteran as vice president for the United Kingdom, Ireland (UKI) and Sub-Saharan Africa, as the tech giant looks to bolster its presence. The tech behemoth shared the news on Tuesday, with Maureen Costello taking charge of sales strategy and operations across the [...]
Google: AI investment pays off as cloud drives revenue growth October 30, 2024 Google’s parent company, Alphabet, reported increased revenue in the third quarter due to its strong performance in its Google Cloud division. In its third-quarter trading update, the company posted revenue of $88.3bn (£67.8bn), a 15 per cent increase from the second-quarter. However, growth at the firm’s core advertising business lagged the wider group. The total [...]