City calls on tech firms to tackle Britain’s fraud epidemic Tech The City of London Corporation is calling on tech firms to help build a new digital identity verification network, designed to crack down on fraud and reduce the growing costs of financial scams. Under the plans, shared with City AM, consumers would verify their identity once with a trusted provider before reusing those credentials across [...]
UK cannot ‘outsource AI future’, says Netcompany boss Tech The boss of Danish tech firm Netcompany has warned that Europe must build its own AI platforms, or risk handing control of its data to the US or China. André Rogaczewski, chief executive of Netcompany, told City AM that AI sovereignty is now a strategic issue for businesses and governments. “Technology is a battlefield”, he [...]
UK firms unaware of how their AI data is used overseas Tech Most large UK firms do not fully know what happens to their data once it is processed by AI systems abroad, raising compliance and security concerns as adoption continues to rise. According to a recent Harbr Data survey, 61 peer cent of senior tech and data leaders at companies worth £100m or more lack a [...]
Former Deepmind star lands $1.1bn backing for AI startup April 27, 2026 An ex-Google DeepMind researcher has secured one of Europe’s largest AI funding rounds, as investors race to back a new generation of frontier labs beyond large language models (LLMs). David Silver has raised $1.1bn (£880m) for his London-based startup Ineffable Intelligence at a valuation of $5.1bn, in a round led by Sequoia Capital and Lightspeed [...]
Bezos AI lab eyes King’s Cross Silicon Valley hub April 27, 2026 Amazon founder Jeff Bezos’s AI venture is in talks to expand in London, joining a growing cluster of AI giants around King’s Cross, which is increasingly being seen as the UK’s rival to Silicon Valley. Project Prometheus, the billionaire’s secretive AI lab, is in talks of taking up office space within the Jellicoe Buiding, the [...]
Intel hails highest share price in decade as earnings smash forecasts April 24, 2026 Intel shares jumped as much as 24.4 per cent on Friday after the chipmaker delivered a strong earnings beat and upbeat outlook, raising hopes of a sustained turnaround. The stock surged in early trading after already climbing more than 20 per cent in after-hours moves, putting it on track for one of its biggest one-day [...]
UK is of ‘marginal relevance’ – Nick Clegg dismisses sovereign AI push as ‘dishonest’ April 24, 2026 Nick Clegg has told City AM that the UK’s AI sovereignty debate is “slightly dishonest” due to our “marginal relevance” as a global tech player. The ex-president of global affairs at Meta also said that policy decisions taken in recent years have limited the role the UK can now play in the development of AI [...]
Trump threatens UK tariffs over digital tax row April 24, 2026 Donald Trump has warned he could slap fresh tariffs on the UK if it refuses to scrap its digital services tax, escalating tensions between London and Washington. Speaking from the Oval Office, Trump said the US could “very easily” respond to the levy by targeting British exports. “We’ve been looking at it and we can [...]
RELX: FTSE 100 group says AI tools power strong start to 2026 April 23, 2026 RELX has told markets on it started 2026 strongly, with growth across all parts of the business supported by demand for AI-enabled data and analytics products. In a trading update released ahead of its annual general meeting, the FTSE 100 group said it is seeing continued growth in both revenue and profit, alongside strong new [...]
Untrained managers are stalling Britain’s AI returns April 23, 2026 British businesses are pouring copious amounts of capital into AI, but meaningful returns are by no means guaranteed. New research from the Chartered Institute of Management found that only one in 20 managers report real, transformational productivity gains from AI investment. Meanwhile, one in four say they have seen no benefit at all. The CMI’s [...]