Microsoft pulls out of Nscale deal for UK’s largest AI data centre Tech Microsoft has pulled out of plans to build the UK’s largest AI data centre in a deal with Nscale. The global tech giant, which had previously planned to fund a supercomputer at the site, has ended its involvement in the partnership following concerns over supply issues. Plans were first announced last year, with Nscale pledging [...]
Meta surges, Microsoft stumbles as Big Tech doubles down on AI spend Tech Three members of the ‘Magnificent Seven’ Big Tech stocks – Meta, Microsoft and Tesla – gave investors an early read on the health of the AI boom after US markets closed on Wednesday. Meta shares jumped as much as nine per cent in after-hours trading after the Facebook owner posted record revenues and issued an [...]
Nationwide to Greggs: King’s honours list champions UK business leaders Business Entrepreneurs and company chiefs in tech, recruitment and banking have been recognised for their contributions to UK business in the King’s birthday honours. Microsoft UK boss Clare Barclay and ceramics founder Emma Bridgewater, dubbed the “queen of pottery”, received damehoods for services to business. Nationwide chief executive Debbie Crosbie, who led a £2.3bn takeover of [...]
Microsoft cuts UK jobs as sales near £10bn and profit surges April 8, 2025 Microsoft shed more than 200 UK jobs in the year its turnover jumped to almost £10bn, it has been revealed. The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show. The reduction comes after Microsoft’s headcount grew from 4,955 in [...]
Starmer positions the UK as a trailblazer in AI innovation January 13, 2025 Keir Starmer has thrown the weight of Whitehall behind AI in a bid to boost growth and position the UK as a world leader in the sector. On Monday morning, Keir Starmer revealed the UK’s ‘AI Opportunities Action Plan’, a transformative strategy to establish the UK as a global leader in AI. He said: “The [...]
Microsoft facing £1bn overcharging claim from UK firms December 3, 2024 Microsoft is facing a £1bn legal action over claims the US giant overcharged firms for access to products. Filed to the Competition Appeal Tribunal, the claim alleges customers using rival cloud computing platforms to Microsoft’s own Azure were charged higher licensing fees to access its Windows Server. It also alleges that UK companies and organisations [...]
Labour must iron out the kinks in its industrial strategy October 15, 2024 Labour's draft industrial strategy is a good start, but there are a few tensions that need to be resolved, Chris Dorrell writes
Microsoft chief executive to chair government’s industrial strategy council October 13, 2024 The chief executive of Microsoft UK will chair a new body to advise the government on its industrial strategy. Clare Barclay will head up the industrial strategy advisory council, which will act as an interim advisory body until legislation is passed to put it on a statutory footing. The first meeting and full membership is [...]
Wall Street carnage continues as Nvidia leads US tech selloff September 4, 2024 A wave of panic selling hit Wall Street on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all suffering their steepest daily percentage declines since early August. The carnage was widespread, with nine of the 11 sectors within the S&P 500 sinking into the red, led by sharp declines in technology, [...]
IBM chief: London Tech Week a chance for the UK to get a lead on AI June 10, 2024 Last year, London Tech Week heard from top political figures including Prime Minister Rishi Sunak and Labour leader Keir Starmer.