Anthropic and OpenAI raise billions as LLM race accelerates AI The AI boom took another leap forward this week as rival labs Anthropic and OpenAI moved to lock in eye-watering sums of funding, as the chatbot race accelerates. Anthropic has closed a funding round of between $10bn and $15bn at a valuation of around $350bn, comfortably overshooting its original target. The round was led by [...]
Brits increasingly turning to ChatGPT for investment advice Tech Far more UK savers are now turning to tools such as ChatGPT to help make investment decisions, new research shows. A survey of 1,000 adults by STRAT7 found that 55 per cent have used AI-powered platforms for financial guidance over the past year. On average, each user has invested around £2,350. City AM reported in [...]
Eurostar’s new AI chatbot left customers exposed Transport and infrastructure Eurostar’s shiny new AI chatbot was billed as a smarter way of helping customers. But the bot was shipped with old-fashioned security flaws that could have left customers exposed, and for weeks, nobody at the train operator seemed willing to listen. City AM can reveal that multiple security flaws were found in Eurostar’s public-facing AI [...]
PayPal teams up with OpenAI to enable payments in ChatGPT October 29, 2025 PayPal has announced a deal with Sam Altman’s OpenAI to embed its digital wallet directly into ChatGPT, allowing its users to shop and pay for products through the AI platform starting in 2026. Under the agreement, PayPal’s global network will be linked to OpenAI, enabling millions of items to be purchased instantly within ChatGPT. This [...]
UK businesses wasting millions on ChatGPT-style AI tools October 10, 2025 Companies could be wasting millions on AI tools like ChatGPT, Microsoft Copilot, and Claude as they rush to boost productivity. MIT’s State of AI in Business 2025 study found that while employees in over 90 per cent of companies regularly use personal AI tools, only 40 per cent of organisations have official LLM subscriptions. Despite [...]
Microsoft negotiations threaten to delay OpenAI’s restructuring August 27, 2025 OpenAI’s plan to restructure its business and raise billions in new funding is being stalled as it remains locked in complex negotiations with its largest investor, Microsoft. The ongoing talks, which could extend beyond the end of the year, as reported by the Financial Times, centre on key points of contention that could impact the [...]
Is Perplexity’s $34.5bn bid for Google Chrome strictly a power move? August 17, 2025 Artificial intelligence start-up Perplexity AI has made an unsolicited $34.5bn (£25.4bn) all-cash offer for Google’s Chrome browser, in a move that some analysts say is as much about signalling intent as it is about striking a deal. The San Francisco-based company revealed the bid on Tuesday, reported Reuters, claiming it had secured backing from several [...]
WeTransfer forced to clarify AI data policy after user backlash July 16, 2025 Dutch file-sharing platform WeTransfer has walked back controversial language in its terms of service after online backlash over its potential use of artificial intelligence on user files. The company confirmed it does not use customer-uploaded content to train AI models, nor does it sell or share user data with third parties. The clarification came after [...]
OpenAI rivals Anthropic by simplifying AI agent development March 12, 2025 OpenAI has launched a set of new tools aimed at simplifying the process of building agents that can autonomously complete tasks on behalf of users, rivalling Anthropic’s launch of its new AI agent last month. “Building agents is harder than it needs to be”, said an OpenAI spokesperson. To streamline this process, the ChatGPT owner [...]