San Francisco tech firm expands London footprint with new City office Tech US design software group Figma has expanded its London headquarters as it looks to double down on its growth in Britain, where firms created more than 15 million files on its platform over the past year. The New York listed tech firm has moved into an office at Elder Yard in Norton Foldgate, near Liverpool [...]
Bailey calls for greater AI testing as risks to economy rise Economics Andrew Bailey has called on governments to ramp up testing on frontier AI models before they are launched to the public, warning that advanced artificial intelligence posed sophisticated threats to the banking, markets and payments systems. In the first of a series of letters on the fledgling technology, the governor of the Bank of England [...]
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 [...]
Nvidia launches AI agent safeguards alongside record buyback September 28, 2026 Nvidia has launched new safeguards designed to stop AI agents breaking out of controlled environments, after a series of security incidents have fuelled calls for tighter oversight of the technology. The chip giant said its Open Agent Safety Platform could have prevented OpenAI agents from breaching Hugging Face earlier this year, when thousands of agents [...]
Miliband: ‘We cannot leave it to corporations’ as UK takes on Big Tech over AI September 28, 2026 Ed Miliband has vowed Britain will use its G20 presidency next year to push for global rules on AI, warning governments “cannot leave it to corporations” to police the technology. The foreign secretary said the economic potential of AI was “inspiring” but warnings from the companies developing the technology meant governments needed to act. “The [...]
White House tells AI giants to hold models back from UK safety watchdog September 25, 2026 The White House has asked OpenAI and Anthropic to withhold their latest AI models from Britain’s safety watchdog until they have been tested by the US government, threatening the UK’s prized early access to frontier tech. The request from the US Office of the National Cyber Director means the American companies have been asked to [...]
Hugging Face hack spells ’emergency for the City of London’, warns top lawyer September 24, 2026 Everything companies have done to prepare for a cyber attack is now “completely old world” following the OpenAI–Hugging Face hack over the summer, a top City lawyer has warned. The “unpredecented” July hack, in which OpenAI’s model escaped a controlled test by itself and broke into the AI platform Hugging Face, prompted a probe from [...]
AI rivals not guaranteed spot on Google search screens under UK plans September 24, 2026 ChatGPT and other AI assistants are not guaranteed a place on Google’s search choice screens under new UK competition rules, City AM understands, despite proposals to open the door to rival services. The Competition and Markets Authority (CMA) is still consulting on the criteria AI providers will have to meet to qualify for inclusion, with [...]
OpenAI’s rogue AI acted ‘like uni students after too many beers’ September 21, 2026 The rogue AI agents behind OpenAI’s unprecedented Hugging Face cyber attack behaved like “university students who’ve had too many beers”, a cyber expert told City AM, saying the breach was more a triumph of persistence than intelligence. Charl van der Walt, global head of security research at Orange Cyberdefense, said that despite the alarm triggered [...]
Tony Blair warns leaders to resist growing AI ‘techlash’ September 21, 2026 Tony Blair has warned governments against bowing to a growing “techlash” over AI, arguing that slowing adoption could leave countries poorer and less secure as concerns over the technology mount. A report from the Tony Blair Institute (TBI), published on Monday, said political leaders in the US and UK were facing growing pressure to hold [...]