Vodafone pushes into legal tech market to co-develop AI platform August 5, 2026 Vodafone has partnered with an AI startup to co-develop a legal tech tool, challenging market heavyweights Harvey and Legora. The telecoms giant has teamed up with Aavalynx to co-develop an AI-driven litigation platform that helps manage and track legal disputes and forecast financial costs tied to these. The AI company told City AM the joint [...]
UK’s AI watchdog flags new OpenAI and Anthropic cyber alarms August 5, 2026 Britain’s AI safety watchdog was forced to declare a security incident after frontier AI models, including Anthropic’s Mythos, went rogue during a routine test, autonomously spinning up fake identities in a bid to hack real-world software developers. The AI Safety Institute (AISI) revealed on Tuesday that during a cybersecurity evaluation in late, AI models unexpectedly [...]
Apple gears up for fresh legal fight with government August 4, 2026 Whitehall’s pursuit of a backdoor into Apple’s encrypted data could trigger yet another transatlantic bust-up after the US tech giant launched a new legal challenge against the UK government. The tech giant has launched fresh legal action against the UK government at the Investigatory Powers Tribunal, which specialises in surveillance complaints, after the Home Office [...]
As it happened: Stocks reach new record as investors shrug off Iran war fears July 31, 2026 Welcome back to the City AM liveblog. It’s Friday morning and the FTSE 100 has opened into the green, following two consecutive days of record gains for the blue-chip index. London’s blue-chip index was up as high as 0.7 per cent in early trading to 10,971.88p, “The FTSE 100 tested new record highs on Friday morning as [...]
‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI July 30, 2026 The boss of Lloyds Banking Group is preparing to wield the axe on its cost base as the bank doubles down on AI ambitions. Charlie Nunn, the chief executive of the financial services giant, said AI is “going to impact work” and “require us to reskill people and hire new people” as he revealed a [...]
AI data centres and defence tech lead investment wave July 30, 2026 Data centres, energy, and military technologies are the main investment channels tech buyers want to pour money into, according to new research. Law firm A&O Shearman’s latest outlook for technology investment said demand was growing for the infrastructure needed to build and run AI, while software companies faced greater scrutiny over whether AI could replace [...]
As it happened: FTSE 100 hits new high after interest rates held July 30, 2026 Welcome back to the City AM liveblog. The Bank of England has held interest rates at 3.75 per cent in a 6-3 split. The City had pencilled in a hawkish hold from the Monetary Policy Committee after inflationary pressures were renewed on the latest round of strikes in the Middle East. Megan Greene, Catherine Mann and [...]
While rivals scramble to merge, the world’s biggest law firm is playing the long game July 30, 2026 While rival law firms grapple with mergers and headline tie‑ups, Dentons, the world’s largest law firm by size, is quietly betting that an ‘already there’ strategy will play in its favour. Dentons’ global chief executive Kate Barton told City AM the firm, like much of Big Law, is focused on globalised client relationships: “We have [...]
PwC thought leadership reports ‘100 per cent AI generated’ July 29, 2026 The Big Four giant PwC has been found to have published four ‘thought leadership’ reports that show a pattern of irresponsible AI usage, including hallucinated citations and fabricated claims. A probe by GPTZero, a company that makes AI detection software, focused on four reports published between 2024 and 2026 by PwC Middle East and found [...]
As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks July 29, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]