Microsoft swerves multibillion-dollar Nscale data centre expansion Tech Microsoft has opted against expanding a major data centre deal with British AI dealing Nscale that could have been worth tens of billions of dollars, in fresh sign of the challenges facing the industry’s vast infrastructure spending plans. The US tech giant decided not to take up an option to more than double the computing [...]
Anthropic’s growth slows ahead of IPO as AI spending bill nears $900bn Tech Anthropic’s revenue has surged twelvefold to nearly $17bn (£13bn), but the AI giant has slipped back into the red as its computing commitments approach $900bn ahead of a potentially record-breaking stock market debut. The Claude maker revealed the figures in an updated IPO filing on Monday, offering investors a fresh look at its finances just [...]
Blackmail, deception and extinction: The AI risks revealed in Anthropic’s IPO pitch AI The Claude maker has warned of catastrophic AI failures, enormous infrastructure costs, huge circular investments and limited shareholder rights, as analysts question whether this blockbuster listing can justify a $2 trillion valuation. Anthropic has devoted 92 pages of its IPO prospectus to risks ranging from the potential extinction of humanity to AI systems resisting shutdown, [...]
Anthropic reveals $80bn loss as AI giant files for blockbuster IPO October 26, 2026 Anthropic has revealed an $80.7bn (£60bn) first-half loss as the AI giant filed for a blockbuster US stock market listing that could value the company at up to $2 trillion. The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its [...]
Goldman Sachs to host Badenoch for City charm offensive October 19, 2026 Kemi Badenoch will step up her business charm offensive after the Budget with a roundtable hosted by Wall Street giant Goldman Sachs, City AM can reveal. The Tory leader will co-host a lunch for founders, investors and chief executives from across the UK alongside Goldman Sachs International’s chief executive, Anthony Gutman, City AM understands. The [...]
Plus500’s super-app ambitions risk re-telling a familiar London story October 14, 2026 Plus500 laid out plans for a super-app across the Atlantic, in this week’s column Samuel Norman looks at how it could frame their future. Also on the agenda, Healey continues pre-Budget summits and does anyone still care about the digital pound? Is a London-listed fintech turning to the US for its monumental ‘super-app’ a point [...]
London Stock Exchange faces ‘material depopulation’ October 12, 2026 The London Stock Exchange is facing “material depopulation” following a boom in the M&A landscape dominated by overseas buyers, a top investment bank has warned. Some 42 bids for London-listed firms are currently ongoing with a total market capitalisation of £74bn, according to a new note from Peel Hunt. The figure is more than double [...]
Britain ‘becoming incubator nation’ of firms that flee London October 11, 2026 The UK is at risk of becoming an “incubator nation” which creates promising start-ups before losing them to rival markets, John Healey has been warned. The Chancellor has been told to take immediate action to revive the London stock market, as City leaders warned that the exodus of British start-ups is “not business as usual”. [...]
City minister insists capital markets reform ‘not a job done’ October 11, 2026 A top Treasury minister has opened the door to further capital markets reforms after saying the government’s job was not done in improving listing incentives. Lucy Rigby, who serves as the economic secretary to the Treasury, otherwise known as City minister, told City AM the government was “continually looking for ways that we can ensure [...]
Airtel Money listing shows London is still one of the best places to grow a company October 9, 2026 Airtel Money chief Ian Ferrao put it best: "when you look at all of the variables, London still comes out top”, writes Lucy Rigby.