Ex-Lush chief’s lawyers hike costs to ensure their AI model isn’t trained by juniors Legal Lawyers for the former chief executive of cosmetics giant Lush, Andrew Gerrie, have hiked their fees ahead of a trial this month, partly as they will not allow junior staff to train their AI model, City AM can reveal. A court heard this morning that Gerrie’s legal team from Brown Rudnick have pushed up a [...]
Allianz tech blitz dethrones AXA to claim Europe’s insurance AI crown Insurance Allianz has officially overtaken French insurer AXA to claim the top spot in global AI maturity, capitalising on a massive talent hoarding strategy. The German insurance giant, Allianz, has amassed an AI workforce 28 per cent larger than its closest rival, resulting in a staggering 900 active AI use cases worldwide and putting pressure on [...]
Specialist tech recruiter sees hiring slump across UK and Europe Tech A specialist recruiter in science, technology and maths has posted a slump across its UK operations as the hiring market continues to cool. Workforce consultant SThree recorded a 19 per cent drop in net fees across the UK, which refer to costs paid by an employer to fill a vacancy. Total takings in the UK [...]
Former KPMG chief joins £10m funding round for AI-powered audit challenger June 16, 2026 A Berlin-based audit AI firm has raised over £10m in a fundraising round, including from Dawn Capital, to expand into the UK market as a solution to the skilled labour shortage in the audit industry. Cortea, founded in 2024 by Valentin Neumann and Philipp Hovelmann, pitches itself as an answer for firms under pressure to [...]
Social media ban may push children to ‘darker corners of the internet,’ lawyers warn June 15, 2026 Sir Kier Starmer’s announcement to ban social media for under-16s on Monday morning may create privacy issues for children and encourage them to use less regulated platforms, legal experts have warned. Speaking at Downing Street on Monday, the Prime Minister said social media platforms are harming children’s wellbeing and making it easier for their mental [...]
Tech Week proves London can build the future June 15, 2026 London Tech Week isn’t just about celebrating innovation, it’s a showcase for London’s competitive advantages, says Chris Hayward London Tech Week has become far more than a diary fixture for the technology industry. It is an opportunity to demonstrate one of London’s greatest competitive advantages: our ability to bring together innovation, finance and talent in [...]
Starmer vows to end system ‘failing our kids’ ahead of expected social media ban June 14, 2026 Prime Minister Keir Starmer has vowed to call time “on a system” failing children online,as the government prepares to ban under 16s from accessing “high risk” social media apps. Starmer will announce sweeping reforms to protect children online at a press conference on Monday. Teenagers under 16 are to be banned from accessing such apps [...]
London Tech Week day five: A week that gave me confidence in the UK tech ecosystem June 12, 2026 From the office to the climate, the conversations at London Tech Week point in a clear direction: UK tech is moving from potential to deployment.
London Tech Week sums up everything wrong with UK tech June 12, 2026 London Tech Week is complacency in conference form. We wheel out the same statistics about unicorns and call it a job well done.
SpaceX lands record $75bn raise as Wall Street braces for mega debut June 12, 2026 Elon Musk’s SpaceX is set to begin trading on Friday after pulling off the largest IPO in history, with investor demand reportedly topping $250bn (£186bn) and early trading indications pointing to a big first-day jump. The aerospace and AI giant raised $75bn at a fixed price of $135 per share, giving the company a valuation [...]