I’m an AI founder – here’s why I agree with the Pope about AI June 3, 2026 Pope Leo XIV’s has produced the most profound piece of writing on AI – critiquing how extreme capitalism uses AI to homogenize knowledge and concentrate power, says Lewis Liu When I was 18, I took a religious philosophy course as part of the core curriculum at Harvard. When we dove into the Tower of Babel, [...]
Space X bumps back to earth as analysts slash value June 3, 2026 Morningstar analysts have valued Space X at $780bn (£579.9bn), a figure less than half of what the company is reportedly aiming for in its upcoming initial public offering. The valuation comes roughly 48 per cent below its private market valuation, with Elon Musk’s company looking for a valuation between $1.7 trillion and $2 trillion. The [...]
Space X to allow British investors to buy into blockbuster IPO June 2, 2026 British investors will be able to buy into Space X’s mega IPO, as the space technology company looks to strip back listing rules as it prepares to go public later this month. The company is anticipated to price its blockbuster initial public offering on the Nasdaq later this month, with the company targeting a valuation [...]
Google taps markets for $30bn AI cash call June 2, 2026 Alphabet will raise up to $80bn (£59bn) from investors to fund its AI expansion, marking one of the largest equity fundraisings in history and a major shift for a company that has traditionally relied on its vast cash generation to finance growth. The Google parent said on Monday it would use the proceeds to expand [...]
OpenAI-linked shares plummet after it fails to hit growth targets April 28, 2026 Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
OK computer: will AI be telling you how to shop? April 14, 2026 Hyped as a “seamless” user experience and an opportunity for retailers to access “hundreds of millions” of consumers via ChatGPT, OpenAI walked back from its Instant Checkout shopping function at the end of March, just months before unveiling it. The tool would have allowed users to complete purchases entirely within ChatGPT, but the Silicon Valley [...]
Revolut follows Starling with AI agent as tech arms race heats up April 9, 2026 Revolut has waded into the AI arms race with the debut of its personal finance assistant as fintech firms race to beef up the tech in their all-in-one super apps. The $75bn digital banking giant has launched AI by Revolut – a financial assistant embedded into its app. The chatbot provides spending insights, investment updates [...]
UK eyes London expansion for Anthropic after US defence clash April 5, 2026 The government is looking to lure AI giant Anthropic to expand its presence in the UK, in a bid to capitalise on the start-up’s clash with the US defence deparment. First reported in the Financial Times, staff at the Department for Science, Innovation and Technology (DSIT) have sketched out proposals for the $380bn (£287.4bn) company, [...]
Rightmove boss talks down ChatGPT threat and defends AI investment February 27, 2026 Property giant Rightmove sought to walk a tightrope when it launched its financial results on Friday, as its execs stood by the firm’s divisive AI plans while distancing themselves from silicon valley giant OpenAI. Friday’s results offered an opportunity to calm the shareholders who wiped £1bn off the firm’s value when it announced its AI [...]
US markets rally as tech stocks look to boost AI capabilities February 19, 2026 US markets closed higher on Wednesday, as tech stocks reaped the benefits of investors once again brushing off fears of an AI bubble. Tech stock share prices boomed, following reports from Bloomberg that Open AI is close to finalising the first phase of a new funding round, which is expected to bring in more than [...]