Tech Mahindra president: UK needs less hesitation, more conviction May 28, 2026 Tech Mahindra president Harshul Asnani, who returned to London after almost 20 years in Silicon Valley, takes us through his career.
Elite law firm to splash £370m on building own AI tool May 28, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, is investing £370m ($500m) to develop its own custom-built AI platform, challenging competitors that rely on widely used third-party AI tools. The US-based firm, which has a large office in the City, said it plans to spend hundreds of millions over the next three to [...]
Pinsent Masons is not the only City law firm walking a dangerous AI tightrope May 28, 2026 A junior lawyer at Pinsent Masons used AI to draft misleading emails for a High Court case, highlighting how generational attitudes and lack of training risk new mistakes as law firms rush to adopt new technology, writes Maria Ward-Brennan. It has been a slow burner, but we finally have the first notable UK law firm [...]
Three UK cities make world’s 10 ‘smartest’ tech hubs – and Oxford is higher than Silicon Valley May 28, 2026 London, Oxford and Cambridge are among the 10 most vibrant tech centres in the world, according to a closely watched study which found that Singapore had leapfrogged both Zurich and London to clinch top spot. The two university towns both climbed up the rankings of Z/Yen’s Smart Centres Index, making Britain the only country to [...]
‘Outdated’ consultancy sector faces a reckoning as AI rips up the old model May 27, 2026 For years, the consultancy sector has relied on a traditional model and profitable formula: retained clients, billing time and upselling clients. Another crucial element has been the blend of ‘senior counsel’ supported by a team of juniors carrying out research and compiling reports. But the rug is being pulled from under this model and a [...]
SpaceX helps Scottish Mortgage Investment Trust take off May 27, 2026 Scottish Mortgage Investment Trust revealed the extent of the success of its early backing for Elon Musk’s SpaceX on Wednesday. The buy-and-hold investor’s stake in the rocket maker now amounts to about a fifth of the £16bn fund, as revealed in its results for the year to the end of March. Overall, SMT’s net asset value [...]
Octopus acquires legal team to boost bereavement services with AI May 27, 2026 Octopus Legacy, a bereavement service owned by Octopus Group, has acquired a private client team from a large UK-based law firm as part of a push to speed up its services using AI. The company’s legal arm, Octopus Legal Services, has taken on a team of 50 legal professionals from NewLaw Solicitors in “a significant [...]
Top City law firm slammed for ‘misleading’ AI letters sent to court May 26, 2026 A well-known London-headquartered law firm has been criticised by a High Court judge after a lawyer sent the court AI-generated letters containing false legal information. A judgment handed down on 22 May found a junior solicitor at Pinsent Masons used AI to draft two “misleading” emails containing so-called hallucinations sent to the High Court [...]
Accountants ‘still in high demand’ despite AI impacting sector May 22, 2026 Accountants in the UK are still in high demand despite the impact of AI on the sector, according to new research from the Institute of Chartered Accountants (ICAEW). The body, which regulates and supervises around 12,000 accountancy and audit firms in the country, said that accountants “are still in high demand” even as AI reshapes [...]
‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks May 21, 2026 One of the world’s leading financial figures has warned AI will inevitably lead to a cut in jobs amid growing jitters around the impact the new tech will have on the banking sector. Jamie Dimon – the top boss of America’s largest bank, JP Morgan – said: “I think [AI] will reduce our jobs down [...]