Big Tech’s AI borrowing boom tests US bond market Tech Big Tech is on track to become the dominant force in the US corporate bond market, as the race to build AI infrastructure drives an unprecedented surge in borrowing that is beginning to worry investors. By the end of the decade, around half of the 10 largest borrowers in the US bond market will be [...]
US tech stocks tumble after data centre setback sparks investor concerns Tech US tech stocks fell on Wednesday after news that software company Oracle had lost a key backer for its data centre project, reigniting investors’ concerns about AI companies’ spending. The tech-heavy Nasdaq dropped 1.8 per cent to $22,693.32 (£ 17,975.06), finishing at its lowest level since late November, while Oracle fell 5.4 per cent to [...]
FTSE 100 Live: Diageo taps new top chief; private equity swoop Markets 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 [...]
US Stargate expansion highlights UK’s modest AI ambitions September 24, 2025 OpenAI, Oracle, and SoftBank have unveiled plans to construct five new AI data centres across the US as part of the expansive $500bn (£370bn) Stargate project. This initiative aims to achieve 10 gigawatts of compute capacity by the end of 2025, with the latest expansion bringing the total to nearly seven gigawatts and over $400bn [...]
McLaren, a $100m-per-year deal and Formula 1’s sponsor boom August 31, 2025 Formula 1 is becoming a hotbed for advanced sponsorship, and McLaren’s announcement has completed a special title set. BWT, Aramco, HP, MoneyGram, Petronas, Visa Cash App, Oracle, Stake and Atlassian; these aren’t simply some of the world’s most recognisable and developing brands but title sponsors for teams in Formula 1. And as of next year, [...]
UK tech start-up vows to ‘do to Sage what Netflix did to Blockbuster’ April 10, 2025 When Netflix began quietly mailing DVDs to American homes in 1998, Blockbuster barely flinched. By the time it did, the game had changed. And, with its business model firmly based on late fees and physical stores, it was too late. Fast forward a quarter of a century, and UK tech company iplicit is hoping to [...]
Oracle: Billionaire backer of Donald Trump to invest billions in the UK March 17, 2025 Oracle, the US technology giant founded by a major billionaire backer of Donald Trump, has announced plans to invest $5bn (£3.9bn) in the UK. The company, which was co-founded by Larry Ellison, said it will invest the money over the next five years to ‘meet the rapidly growing demand for its cloud services in the [...]
Oracle: Tech giant passes UK milestone as profit jumps March 7, 2025 US technology giant Oracle has reported sales in the UK of more than £2bn for the first time as its profit jumped by over 20 per cent. Oracle, which in 2023 was the third largest technology company in the world by revenue behind Microsoft and Google, is the title sponsor of the Red Bull F1 [...]
F1 owner Liberty Media CEO Maffei to step down after 20 years November 13, 2024 The chief executive of Formula 1 owner Liberty Media Greg Maffei will leave the firm after 20 years, it was announced on Wednesday. Maffei, 64, will be replaced by chairman John Malone, 83, on an interim basis but Maffei will continue on as a senior advisor until a replacement is found. “I have thoroughly enjoyed [...]
HP, Visa, Aramco: Who are the main sponsors of each F1 team? April 27, 2024 The names of F1 teams are getting more and more difficult to remember given the endless number of sponsorship deals within the sport. Here City A.M. has broken down who partners with who, and what that has done to each of the team’s names. BWT Alpine F1 Team BWT is an Austrian manufacturing company. It [...]