This is why billions of passwords were leaked in Apple and Google breach June 24, 2025 A trove of around 16bn passwords and usernames linked to major online platforms – including Apple, Google, Facebook, Microsoft and dozens of government services – has surfaced online, in what researchers are calling one of the largest known compilations of stolen credentials. Initial reports caused confusion, suggesting direct breaches of platforms like Apple and Google. [...]
Cannes Lions: Ad agencies are subsidising their own AI displacement June 24, 2025 It may have been all smiles at Cannes, but behind closed doors the future of AI poses a huge threat to ad agencies, writes Paul Armstrong.
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]
Musk’s X tops UK news as Grok says it’s ‘likely’ most viewed – while Meta and TikTok falter June 17, 2025 Elon Musk’s X, formerly known as Twitter, has become the UK’s most downloaded news app, marking a surprise comeback for a platform many had dismissed as fading. Despite years of falling ad revenue, user churn, and accusations of toxicity related to its controversial founder and chief executive, the app is likely the most viewed news [...]
Was Reeves’ Spending Review a fintech endorsement? June 14, 2025 Rachel Reeves has promised to back UK fintech and in Labour’s inaugural Spending Review, she piled billions into the tech sector. The Chancellor handed the Department for Science, Innovation and Technology (DSIT) a hefty £16.5bn budget as she took the chop to other departments. DSIT’s expenditure limit is set to grow 7.4 per cent by [...]
SXSW London 2025: How will AI change the UK tech space? June 13, 2025 Last week, City AM's Saskia Koopman attended SXSW London 2025, where she had the opportunity to speak to some of the world's leading figures in the tech space.
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
KPMG: The real AI bottleneck isn’t tech, it’s humans June 12, 2025 The challenge with AI is no longer about whether the tech works, but whether the people and processes around it are ready, claimed business and tech leaders at KPMG’s panel at Viva Tech Paris. “We see the potential”, said Nicole Buttner, chief executive of Melantec and general secretary of Germany’s MPP party. “But it’s like [...]
Halma: FTSE 100 giant books record revenue and ups dividend June 12, 2025 Safety and equipment maker Halma notched a record year after its diversified business model powered growth across sectors amid a tough global backdrop. The 130-year-old FTSE 100 firm recorded an 11 per cent jump in revenue to £2.2bn, which came after the business’s revenue for the first six months of the financial year topped £1bn for the first [...]
Nvidia’s Jensen Huang: ‘Praise and promise are useless’ without UK AI infrastructure June 12, 2025 “Praise and promise are completely useless” without AI infrastructure, Nvidia’s chief executive, Jensen Huang, told City AM when asked about the effusive comments he made on Britain’s AI capabilities just a couple of days prior. At London Tech Week on Monday, the tech heavyweight dubbed ‘AI godfather’ lauded the UK’s AI talent, but flagged a critical lack [...]