Goldman and Intel back $5.4bn AI video startup August 17, 2026 Goldman Sachs and Intel have backed AI video maker Higgsfield in a $400m (£295m) funding round that has more than quadrupled the two-year-old company’s valuation since January. The fresh funding values the startup at $5.4bn, up from $1.3bn just eight months ago, as investors pile into companies looking to turn generative AI into products businesses [...]
Legora eyes $10bn funding valuation four months after last raise August 13, 2026 AI legal tech firm Legora is eyeing a new funding round as it aims for a $10bn valuation, nearly double the $5.6bn it raised in April. The Stockholm-based startup, which creates AI tools for law and professional services firms and corporate in-house legal teams to draft and review documents, is reportedly in the early stages of [...]
Capgemini MD: London must keep reinventing itself August 13, 2026 Each week, we dig into the memory bank of the City's great and good. Today, Capgemini UK MD Rob Walker takes us through his career in tech.
Meta glasses court ban sparks privacy warning for City businesses August 13, 2026 Meta’s controversial smart glasses have been banned from courthouses across England, prompting lawyers to sound the alarm for businesses about growing legal risks surrounding the wearable tech. Earlier this week, it was revealed that His Majesty’s Courts and Tribunals Service (HMCTS) had confirmed that camera glasses were banned from its sites across England and Wales. [...]
Corgi Cafe: My day at London’s 24/7 hub for tech bros August 13, 2026 San Francisco startup Corgi is offering hustling Londoners a place to grind 24/7. Anna Moloney dares to go inside.
AI gold rush leaves accountancy firms exposed to costly cyberattacks August 12, 2026 Accountancy firms are pouring millions of pounds into AI, but the industry forgot to modernise security systems and is leaving itself exposed to costly cyberattacks. According to a report by software company Fastly, shared with City AM, more than 75 per cent of businesses that identified as AI-first, meaning they had integrated AI into core [...]
ChatGPT to follow Claude’s watermark pledge – but Grok to swerve it August 12, 2026 Elon Musk’s Grok is poised to swerve rivals’ plans to ‘watermark’ all artificially-generated content, City AM understands, after refusing to sign up to a European push forcing firms to make AI content traceable. xAI was the only major large language model maker to shun a European Union-led move to tighten AI transparency rules that means [...]
London AI car firm records surge in revenue on demand for driver-tracking software August 11, 2026 Car tech firm Seeing Machines has accelerated into profitability after new European safety legislation triggered a surge in demand for its driver-tracking software. The AIM-listed group, which builds camera and AI software that tracks drivers’ eyes and heads in real time, reported a 45 per cent jump in revenue to $76.3m, up from $52.8m the [...]
TfL greenlights Wayve’s autonomous vehicles in the City August 6, 2026 Transport for London (TfL) has granted British autonomous driving firm Wayve a licence to operate its cars in the City, a move which will see robotaxis will make their first appearance in the capital later this year. Wayve said on Wednesday that TfL has approved a fleet of autonomous Ford Mustang Mach-E vehicles to operate [...]
TikTok loses court battle over £12.7m child privacy fine August 5, 2026 TikTok has lost an appeal against a £12.7m fine from the UK’s data protection regulator for illegally processing the data of over 1.4m children under the age of 13. The watchdog hit TikTok with the penalty in April 2023 for breaching the UK’s data protection law, the GDPR, for unlawfully processing the data of children [...]