San Francisco 49ers: Stake sale to OpenAI chair values NFL team at $9bn December 9, 2025 The San Francisco 49ers have been valued at more than $9bn after the chairman of artificial intelligence behemoth OpenAI agreed to acquire a stake in the NFL franchise. Bret Taylor – who is also the co-founder and chief executive of fellow AI business Sierra, and formerly the board chairman of Twitter – will acquire one [...]
Revolut and LSEG join growing list of OpenAI customers December 3, 2025 Fintech juggernaut Revolut has joined a host of banking giants in leveraging OpenAI tech to beef up their financial crime protections. The digital bank is one of the latest to partner with the ChatGPT maker as it seeks to enhance its fincrime agent and customer services. The $75bn fintech is also using OpenAI’s large language [...]
Silicon Valley has invented its own form of central planning December 3, 2025 With so much capital focused on a small select group of companies like OpenAI and Microsoft we’ve created our own form of central planning, just with corporate overlords instead of government ones, says Lewis Liu The US stock market continues to march toward record territory, with everyone from Big Tech CEOs to Goldman Sachs speculating [...]
Cloudflare outage takes X, ChatGPT and other major sites offline November 18, 2025 A major Cloudflare outage has triggered a global internet disruption, knocking offline some of the world’s most heavily used websites. The likes of X, ChatGPT, Canva and major online services have gone dark, in what has quickly become one of the largest internet failures of the year. The issue began on Tuesday morning and escalated [...]
Tech tailwinds boost Polar Capital as AI bubble balloons November 17, 2025 Asset manager Polar Capital reported a surge in earnings after the firm’s “meaningful exposure” to tech stocks provided a hefty tailwind. The London-listed business recorded a 21 per cent jump in pre-tax profit to £27.9m, this was up from £23.1m just last year. Whilst outflows soared to £690m, including a significant £632m concentrated in the [...]
Squint hard enough and you can see signs of the AI bubble bursting November 13, 2025 Is the AI bubble bursting? Naturally, most eyes are on the movements of the world’s biggest tech firms – the OpenAIs, the Microsofts, the Nvidias. These are, after all, where a large share of AI investment has been deployed. But for the earliest tell-tale signs, it’s worth looking a lot further down the food chain. [...]
FTSE 100 Live: Diageo taps new top chief; private equity swoop November 10, 2025 Good morning from the City AM liveblog team, It’s a new week in the City and markets will be hoping for a recovery rally after tech jitters sent stocks deeper into the red on Friday. There’s a mixed bag of factors weighing on global indexes, namely the ongoing government shutdown in the US and the [...]
OpenAI’s new Amazon deal reveals the cost of AI dominance November 5, 2025 In the battle for AI dominance, computing power has become the new oil, and OpenAI’s $38bn (£29bn) partnership with Amazon is the latest sign of just how expensive that race has become. The ChatGPT maker’s seven-year agreement with Amazon Web Services (AWS) marks a turning point not just for OpenAI, but for the wider cloud [...]
OpenAI eyes $1 trillion IPO as soon as 2026 October 30, 2025 OpenAI has begun preparations for a blockbuster float that could see the tech juggernaut valued at as much as $1 trillion (£750bn). The ChatGPT maker is understood to be considering filing IPO paperwork as soon as the second half of 2026, with the listing taking place later that year or early the following year. OpenAI [...]
Barclays and Santander top highest customer exodus after outages October 30, 2025 Barclays and Santander recorded the highest net losses of current account switches in the second quarter of the year after outages disrupted thousands of customers’ online banking. Over 22,000 users switched from Barclays in the three months to June 2025, with just under 4,000 joining, marking a net loss of over 18,000. Santander recorded a [...]