Anthropic warns investors of ‘existential risk to humanity’ in IPO pitch AI Anthropic has warned investors that its most advanced models could pose “existential risks to humanity” in an initial public offering pitch document that also revealed ballooning losses and surging costs at the AI juggernaut. In a prospectus published before its eagerly awaited public debut, Dario Amodei’s tech giant argued AI would transform the global economy [...]
Astrazeneca invests $2bn in cancer drug tie-up Markets Astrazeneca has invested $2bn in US pharmaceutical firm Summit Therapeutics as part of a blockbuster cancer research tie-up. The FTSE 100 drugs giant has agreed to buy 109,000 shares in Nasdaq-listed Summit for $18.36 per share as part of the deal. Shares in Astrazeneca jumped by 1.4 per cent to 12,664p in early trading. The tie-up [...]
Nscale vows stay in UK despite £35bn US stock market listing Tech Nscale has vowed to keep Britain at the heart of its global expansion despite choosing New York over London for its blockbuster float, as the AI infrastructure firm looks to turn its UK base into an export hub for computing power. The Nvidia-backed firm believes jobs and expertise built in Britain can serve customers around [...]
Government plots university spinout crackdown September 16, 2026 The government is plotting to clamp down on the number university spinouts that shift their operations abroad or float overseas, the boss of the body responsible for research investment has said, in a move likely to spark unrest among founders and the venture capital industry. Sir Ian Chapman, the chief executive of UK Research and [...]
Dazn getting ‘IPO ready’, says CEO Segev, after swing into black and key hires September 15, 2026 Dazn chief executive Shay Segev has confirmed the global sports streaming platform is preparing for an IPO after achieving EBITDA profitability in 2025. Segev said the company had not decided on a timeframe for a float, nor whether the London-headquartered company would be listed on the FTSE or overseas. But he confirmed that the advent [...]
London software stocks enjoy ‘boon’ after calls for AI slowdown September 14, 2026 London-listed software stocks jumped on Monday as calls from the world’s biggest AI companies to slow development offered some relief to businesses previously seen as vulnerable to the technology. Sage climbed more than five per cent to rise the fastest among FTSE 100 firms, while RELX also rose after Anthropic, OpenAI and Elon Musk backed [...]
Tech stocks slide as AI extinction warnings rattle markets September 14, 2026 Tech stocks tumbled across Asia and US futures pointed lower on Monday after some of the world’s most powerful AI bosses called for the industry to slow development over safety fears. The tech-heavy Nasdaq Composite dropped 1.6 per cent shortly after the opening bell, while the S&P 500 fell 0.7 per cent and the Dow [...]
OpenAI delays IPO as Altman says safety comes first September 13, 2026 OpenAI has pushed back plans for a mega stock market debut as boss Sam Altman said the company needed to focus on AI safety before opening itself up to public investors. Altman said OpenAI would not float in 2026, telling Fortune there was still “a lot of stuff to do” around safety, alignment and how [...]
‘Nasty’ chip stock rout plunges Nasdaq into correction territory July 29, 2026 A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market [...]
Wise denied US banking licence in blow to expansion plans July 24, 2026 Shares in Wise plunged on Friday after the firm was denied a US banking licence by regulators, setting back the payments giant in its biggest growth market just months after it switched its primary stock market listing to New York. The London-founded fintech said the US Office of the Comptroller of the Currency (OCC) had [...]