Crown Prosecution Service caught using AI hallucination evidence July 15, 2026 British courts have had to deal with yet another case of ‘AI hallucination’ evidence – this time from the agency responsible for conducting criminal prosecutions. The Crown Prosecution Service (CPS) issued two apologies to the High Court after it was found to have submitted documents in an extradition appeal citing two “non-existent” legal cases. The [...]
AI is driving a VC investment boom July 15, 2026 The UK has landed some of the biggest megadeals in history, but it must double down on tech investment to keep its crown, says Nicole Lowe The UK is currently riding on the crest of a wave of near-record-breaking levels of venture capital investment and I’m delighted that it shows no sign of coming to [...]
Grid delays force Starmer-backed AI data centre to seek alternative power July 13, 2026 One of the UK’s flagship AI infrastructure projects is being forced to source its own energy supplies after discovering it would not be granted grid connection in time for its eagerly anticipated opening. Nscale, the British AI unicorn backed by Nvidia, is now looking beyond conventional electricity connections for its flagship £2bn data centre in [...]
Barclays and Lloyds back calls to digitalise UK markets and unlock £33bn boost July 13, 2026 Top financial institutions have rallied behind a new report calling for the government to accelerate the digitalisation of UK markets to deliver a £33bn annaul boost to the economy. The paper, backed by a 54-strong taskforce that includes the likes of Barclays, JP Morgan and Lloyds Banking Group, says the tokenisation of markets could add [...]
Fresh tech sell-off fears as investor chip frenzy cools July 13, 2026 Chipmaking stocks plunged in Seoul and New York on Monday as investors opted to cash out of SK Hynix following a blistering share price rally following its Nasdaq debut last week. The Kospi, Seoul’s blue-chip index, tumbled 8.9 per cent to 6,806.9 points, dragging it further from the 9,000 mark it was touching just under [...]
Apple sues Open AI accusing them of stealing ‘trade secrets’ July 11, 2026 Apple has accused Open AI and two of its former employees of stealing top secret information as the two biggest names in Silicon Valley prepare to compete in the consumer electronics market. The iPhone maker said in a lawsuit filed on Friday in a California federal court that the theft of its trade secrets was [...]
The Yahoo Boys: The men behind online romance scams July 10, 2026 In an extract from his new book The Yahoo Boys: Real Life with the Love Scammers of Lagos, journalist CARLOS BARRAGÁN travels to Lagos to uncover the truth behind romance scams When journalist Carlos Barragán’s mother fell in love with a man she had never met, it seemed too good to be true. She would [...]
As it happened: FTSE 100 slump as oil soars; Trump says Iran will be ‘hit hard’ tonight July 8, 2026 Welcome back to the City AM liveblog. Global markets are strapping in for a return to risk-aversion after the US and Iran traded strikes overnight following the breakdown of a peace deal in the Middle East. The US kicked off its “series of powerful strikes” late Monday night. The nation’s Central Command said the attacks [...]
As it happened: FTSE 100 rises to defy tech gloom; oil creeps up on fresh Iran tensions July 7, 2026 Welcome back to the City AM liveblog. Donald Trump warned the US will “finish the job” in Iran leaving investors unnerved as he renewed military threats following the funeral of Tehran’s former Supreme Leader Ayatollah Ali Khamenei. Brent crude – the international benchmark for oil – traded above $72 per barrel on the news, but [...]
Currys launches £50m buyback as it shrugs off market slowdown July 2, 2026 Currys said it would launch a £50m share buyback after it posted a jump in profit and shrugged off a wider market slowdown by expanding its offerings and cutting its cost base through redundancies. The tech retailer said its UK and Ireland revenue ticked up three per cent to £5.4bn and “outperformed the market” following [...]