UK government aligns with US with AI regulation delays February 25, 2025 The UK government has postponed its plans to introduce legislation regulating artificial intelligence (AI), as ministers reassess their approach in light of the US’s de-regulatory stance on AI. The proposed bill aimed to require AI companies to submit large language models (LLMs), like OpenAI’s ChatGPT, for testing by the UK’s AI safety institute. It was [...]
Shein profit slumps as Temu gains ahead of London IPO February 23, 2025 Shein’s net profit fell by almost 40 per cent in 2024, raising doubts about its long planned London stock market listing. Shein’s profits dropped by more than a third last year, adding to the fast fashion group’s challenges ahead of a long-planned flotation that would be one of the biggest on the London stock exchange [...]
BMW pauses £600m electric vehicle Mini production February 23, 2025 BMW has confirmed it is delaying the reintroduction of electric vehicle production at its Oxford mini plant, citing “multiple uncertainties facing the automotive industry”. The decision has put a £600m investment on hold and raised questions about the UK’s transition to electric vehicles. The German carmaker, which has owned Mini 2000, had announced the investment [...]
Apple axes data protection tool after government security row February 21, 2025 Apple has removed its advanced data protection (ADP) feature from the UK, following a dispute with the UK government over encryption and access to user data. This comes after the Home Office requested access to encrypted iCloud data under the investigatory powers act (IPA), a law that requires leading tech firms to provide information to [...]
How Virgin Media 02 keeps your data running 24/7 February 20, 2025 City AM was invited inside one of Virgin Media 02 (VM02)'s largest data centres in the UK, located in Slough.
X looks to raise $44bn in valuation as Musk woos investors February 19, 2025 Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly known as Twitter, in 2022. Bloomberg News reported on Wednesday that talks for this new funding round remain preliminary, and that the terms could either [...]
Fuel Ventures backs AI solution to UK housing crisis February 19, 2025 Venture capital firm Fuel Ventures has co-led a £300,000 investment in PlanningHub, an AI-driven platform designed to help the UK’s housing crisis. The platform is designed to improve access to planning data for property development by simplifying the planning process. PlanningHub’s platform will apply AI to automate aspects of the planning application process, aiming to [...]
UK businesses are struggling to implement AI. Here’s why February 19, 2025 It has been claimed that artificial intelligence (AI) could contribute £200bn to the UK economy. Yet, businesses are struggling with adoption due to a lack of expertise, high costs, and regulatory concerns. A survey by digital transformation company ANS and Yougov of over 1,000 IT decision-makers cited the UK’s skills gap as the leading barrier [...]
Elon Musk’s xAI takes on rival OpenAI with new bot February 18, 2025 Elon Musk’s artificial intelligence (AI) company, xAI, has officially launched its new chatbot, escalating competition with its generative rivals such as OpenAI, Google’s Gemini and Microsoft’s Copilot. The model, Grok-3, was officially launched on Tuesday and is set to be the tech giant’s most powerful AI chatbot yet. Tech titan and chief executive Musk labeled [...]
UK healthtech bags Europe’s largest pre-seed funding round for female founders February 18, 2025 UK start-up Level Zero Health has raised $6.9m (£5.5m) in a pre-seed funding round, the largest ever secured by female founders in Europe. The funding, led by European venture capital firm redalpine, will accelerate its mission to revolutionise hormone tracking. It will help with its development of the world’s first remote and continuous hormone monitoring [...]
