Finance bosses back AI despite job loss concerns September 2, 2025 The financial services industry is set to drive more investment into AI as the industry’s senior leaders turn bullish on the tech. More than half of UK institutions expect to up their AI investment in the next 12 months while one in five said they would maintain current levels, data shared with City AM revealed. [...]
Alibaba unveils new AI chip as Nvidia’s China headache deepens August 29, 2025 China’s tech giants are racing to plug the gap left by Washington’s export bans, with Alibaba rolling out a new AI processor designed to replace Nvidia’s restricted H20 chip. The e-commerce titan, now also the country’s largest cloud-computing group, said the chip is more versatile than its predecessors and is aimed squarely at domestic AI [...]
Nvidia stock dips despite record quarter as uncertainty spooks markets August 28, 2025 Nvidia’s earnings once again beat expectations last night, but the AI chipmaker’s shares slipped in after-hours trading due to ongoing uncertainty over China. The Silicon Valley-based group, now worth more than $4tn (£3.1tn) reported fiscal second-quarter revenue of $46.7bn, up 56 per cent year on year, with adjusted earnings per share of $1.05. Both figures came in [...]
Will Nvidia’s earnings justify its valuation August 22, 2025 Nvidia’s upcoming earnings report on 27 August will be a pivotal moment for a company that has become a proxy for the entire AI investment boom. While analysts are forecasting another quarter of exponential growth, the question remains whether the numbers can live up to a valuation has swelled to $4.4 trillion (£3.28 trillion), making [...]
Nvidia and AMD to pay US 15 per cent cut on China chip sales August 11, 2025 US chipmakers Nvidia and AMD have agreed to hand over 15 per cent of their Chinese revenues to Washington in exchange for the green light to resume sales of high-powered AI chips to the country, in what industry analysts have called an “unprecedented” arrangement. The deal, first reported by the Financial Times, applies to Nvidia’s [...]
Nvidia and Bitcoin dodge Trump’s tech tariff effects July 10, 2025 Two of the world’s most-watched assets – Nvidia and Bitcoin – have surged to fresh highs this week, defying growing uncertainty around president Trump’s latest wave of tariff threats aimed squarely at the tech industry. Nvidia on Wednesday became the world’s first company to hit a $4tr (£2.9tr) valuation, cementing its role as the bellwether [...]
Nvidia’s Jensen Huang: ‘Praise and promise are useless’ without UK AI infrastructure June 12, 2025 “Praise and promise are completely useless” without AI infrastructure, Nvidia’s chief executive, Jensen Huang, told City AM when asked about the effusive comments he made on Britain’s AI capabilities just a couple of days prior. At London Tech Week on Monday, the tech heavyweight dubbed ‘AI godfather’ lauded the UK’s AI talent, but flagged a critical lack [...]
Government urged to add AI minister to every department June 10, 2025 The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years. A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]
Ouch: Three tech firms bail out of the UK in a single day June 10, 2025 The Prime Minister did his best to sound bullish about the future of the UK tech sector yesterday as he opened London Tech Week. Some awkward technical issues with his autocue didn’t put him off his stride as he declared that Britain was “unequivocally, unashamedly and defiantly open for business.” Leaving aside the bizarre idea [...]
Spear guns, knuckle dusters and machetes: The ‘prohibited items’ at London Tech Week June 9, 2025 London Tech Week 2025 opened with appearances from Sir Keir Starmer and Nvidia chief Jensen Huang, but attendees got a bigger surprise from a sign at the door outlining “prohibited items” at the event. City AM has seen a list ranging from spear guns and tear gas to knuckle dusters, nun-chucks and machetes, that looked [...]