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      Andrew Bailey: Latest AI advances are an ‘OMG moment’ for cyber crime

      Andrew Bailey, Governor of the Bank of England, speaking at a press conference against a blue background

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silicon valley

  • Microsoft vows AI will ‘always work in service of people’ as safety fears spread

    Tech

    Microsoft has drawn up new limits for its homegrown AI models after Silicon Valley’s sudden reckoning with the risks of increasingly powerful systems spreads to one of its biggest companies. The US tech giant published a provisional code of conduct on Monday that requires its future models to remain under human control, accept correction, shut [...]

    Satya Nadella, CEO of Microsoft, speaking at a tech conference, wearing a suit, with a backdrop of the Microsoft logo
  • Anthropic boss warns AI could ‘outrun our ability’ to control it

    Tech

    Anthropic boss Dario Amodei has called for the AI industry to slow the development of its most powerful models, warning that progress is moving “drastically faster” than safety work can keep up. In an essay published on Saturday, Amodei said frontier AI companies should deliberately pace advances in model capabilities, open their systems to independent [...]

    Dario Amodei, CEO of Anthropic, speaking at a tech conference podium, wearing a suit and addressing the audience.
  • Anthropic blocks AI weapon plots after ‘catastrophic’ risk warning

    Tech

    Anthropic has blocked attempts to use its AI models to help develop biological and conventional weapons, days after its own researchers sounded the alarm over the risks posed by increasingly powerful AI. The Claude-maker uncovered five cases in which researchers used its technology “in ways that could support biological weapons development”, according to a new [...]

    Anthropics AI technology showcased at a tech conference, highlighting innovative advancements in artificial intelligence
  • London bags $9bn US AI firm Replit’s first overseas office

    September 9, 2026

    Replit, the $9bn (£6.64bn) US AI coding start-up, has picked London for its first international office as the capital continues to attract some of Silicon Valley’s fastest-growing AI companies. The San Francisco-based company has opened in King’s Cross and will use London as the base for its European operations, with plans to double its local [...]

  • Take it from an AI founder, London is where it’s at

    August 20, 2026

    Forget Silicon Valley, AI startup founder Dima Eremin says UK regulations, conversely, are making London more attractive.

  • I drove 3,000 miles and saw the America AI is leaving behind

    August 19, 2026

    Lewis Liu drove for nine days to get to his new home in Silicon Valley. On the journey he saw the America that risks being left behind.

  • NHS data counters claims that £330m Palantir deal has led to ‘no improvement’

    August 11, 2026

    Internal NHS data indicates that Palantir’s hospital discharge tool cut delays by as much as 28 per cent, City AM understands, challenging recent reports from critics of the tech giant that it had made “no noticeable improvement” to the healthcare system’s efficiency. According to an internal NHS England report seen by City AM, trusts using [...]

  • Microsoft ‘back on track’, whilst Meta spending leaves investors ‘nervous’

    July 30, 2026

    Microsoft saw strong growth over the last quarter as demand for its AI products continued to climb, while Meta’s rising spending on AI overshadowed record sales and sent its shares lower. The two US tech giants reported quarterly results after the closing bell on Wednesday, offering investors a clear picture of whether billions of dollars [...]

  • AI reduces founders’ need for capital, says Revolut Business

    July 22, 2026

    AI is reducing the amount of capital startups need to build global businesses, shifting the battle for founders away from funding and towards which countries offer the best environment to scale, according to the head of Revolut Business. Speaking to City AM, James Gibson said AI had dramatically lowered the cost of building and operating [...]

  • AI startup boss warns UK cannot become ‘dependent’ on overseas tech

    July 15, 2026

    UK AI infrastructure company Valarian has raised $50m (£37m) in fresh funding as its boss said countries should focus on controlling AI infrastructure rather than competing to build their own frontier models. The Series A round, led by Silicon Valley investor New Enterprise Associates (NEA), takes the London firm’s total funding to $70m and marks [...]

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