Ofgem data centre crackdown risks ‘driving AI investors away’ from UK Tech Ofgem’s plans to crack down on speculative data centre projects have prompted warnings that new grid connection fees could make Britain a less attractive destination for AI investment, even as the industry backs efforts to clear stalled schemes from the queue. The regulator has launched a consultation on proposals to free up electricity grid capacity [...]
Why even gilts are outperforming the once unstoppable Magnificent 7 this year Markets Plagued by sticky inflation and spendthrift politicians, the UK government’s bonds have spent years as an unloved asset class. But six months into 2026 and they have, so far, outperformed the Magnificent 7. Ali Lyon examines what has gone wrong for the so-called hyperscalers even as AI hype is greater than ever. Since the Bank [...]
Nscale taps lenders for $900m to fuel AI data centre splurge Tech British data centre builder Nscale has landed a $900m (£673m) credit line from some of Wall Street’s biggest banks to fuel its global expansion, even as investors increasingly scrutinise the sector’s breakneck spending. The London-headquartered company said the financing will support the construction of new AI data centres across Europe, the US and Asia-Pacific as [...]
South Korea is the canary in the coalmine of the AI boom July 7, 2026 South Korea’s experiment with leveraged single-stock ETFs has shown how quickly passive investing, concentrated markets and retail speculation can feed on one another, says Helen Thomas The new frontier for the AI boom isn’t Silicon Valley but South Korea. While the country has long been home to technology giants such as Samsung Electronics, the country’s [...]
Nscale and ElevenLabs power £41bn AI boom as Britain cements unicorn crown July 1, 2026 Britain’s AI sector has more than tripled in value in just a year, with fast-growing firms including Nscale and ElevenLabs now worth a combined £41bn as the UK strengthens its position as Europe’s leading startup hub. New research from the Hurun UK Unicorn Index shows the country’s nine AI unicorns have surged to a combined [...]
Nvidia chief brushes off tech sell-off as a buying opportunity June 8, 2026 Nvidia chief executive Jensen Huang brushed off a significant market wobble stoked by growing concerns surrounding AI, hailing the widespread sell-off as a buying opportunity for investors in a technology which is just “beginning”. Huang’s intervention came as Asian markets tumbled during Monday trading, following the Nasdaq’s 4.2 per cent plunge on Friday – its [...]
The AI Summit London turns 10 as businesses move past the AI hype cycle June 3, 2026 A decade ago, AI conferences were still largely populated by researchers and a relatively small group of technologists trying to convince businesses the technology would eventually matter. But this year’s AI Summit London arrives in a very different climate. The event, which returns to Tobacco Dock on 10 and 11 June as part of London [...]
Wayve: London robotaxis will make passengers forget there’s no driver June 2, 2026 Wayve believes Londoners will stop noticing they are sitting in driverless cars within minutes of using them, as the British AI startup prepares to launch autonomous vehicles on Uber’s network in the capital. Kaity Fischer, Wayve’s vice president of commercial and operations, said the company expected passengers to move quickly from novelty to habit once [...]
Nvidia beats again – but Wall Street’s expectations keep rising May 21, 2026 Nvidia delivered another record-breaking quarter on Wednesday night, extending its dominance at the centre of the AI boom – but investors are increasingly asking how long the explosive growth can continue. The world’s most valuable company reported first-quarter revenue of $81.6bn, up 85 per cent year-on-year and ahead of Wall Street forecasts of $78.9bn. Net [...]
As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package May 21, 2026 Welcome back to the City AM liveblog. Donald Trump has warned Iran there are two options that could see the US finishing the war in Iran, with one that will “see a few people killed as opposed to a lot”. He added: “We could do it either way.” It’s the latest threat from the White [...]