OpenAI backs London with hub expansion and new roles February 26, 2026 OpenAI is to make London its largest research hub outside the United States, in what ministers have hailed as a “huge vote of confidence” in the UK’s AI sector. The ChatGPT developer confirmed it will significantly expand its London operation, which currently employs around 30 researchers, though it declined to put a figure on how [...]
Financial Times lays off staff as chief executive warns of ‘need for change’ February 26, 2026 The Financial Times has completed a round of layoffs, City AM understands, as the London newspaper’s new chief executive told staff of “the need for change” as part of an internal restructuring. Around a dozen roles across the paper’s Product and Tech department have been axed following a consultation process, according to internal communications seen [...]
Instagram to alert parents over teens’ harmful searches February 26, 2026 Instagram will start notifying parents if their teenager repeatedly searches for terms linked to suicide or self-harm, amid mounting political and legal pressure over child safety online. From next week, parents and teens enrolled in Instagram’s parental supervision tools in the UK, US, Australia and Canada will be told that new alerts are being introduced. [...]
This is why Nvidia’s results failed to woo investors February 26, 2026 Nvidia’s earnings juggernaut continued this week with another quarter of rapid growth, record revenues and guidance ahead of expectations. Yet the reaction from Wall Street was muted, reflecting the scale of expectations now set for the world’s most valuable listed company. The chip giant reported fourth-quarter revenue of $68.1bn (£50.3bn), up 73 per cent year [...]
Gucci sparks backlash with AI-generated ads ahead of fashion week February 25, 2026 Gucci has come under fire after using AI to create images promoting its upcoming show at Milan fashion week, raising concerns that the luxury house is cutting corners ahead of a runway debut. The Italian brand posted a series of glossy visuals on social media this week, some labelled ‘created with AI’, to tease creative [...]
Cyberattacks jump as AI targets weak security, says IBM February 25, 2026 Cybercriminals are leaning harder on the simplest ways into company networks, and using AI tools to do it quicker, IBM has warned. In its 2026 X-Force Threat Intelligence Index published on Wednesday, IBM said it saw a 44 per cent rise in attacks that started by breaking into internet-facing systems, like public websites and online [...]
Anthropic ditches AI safety policy to keep up with OpenAI February 25, 2026 Anthropic, the booming tech firm that built its reputation around responsibly developing AI systems, is now loosening its flagship AI safety policy. In an update to its ‘Responsible Scaling Policy 3.0’ published on Tuesday, the OpenAI rival said it would no longer actively stop the development of a model deemed potentially dangerous if a competitor [...]
Ticketmaster lobbies for UK resale price cap as critics warn of market squeeze February 25, 2026 Ticketmaster and its parent company, Live Nation, have been lobbying in favour of the UK government’s proposed cap on ticket resale prices, City AM understands, as ministers prepare legislation aimed at curbing ticket touting. The Department for Business and Trade (DBT) is considering limiting resale prices to between zero and 30 per cent above face [...]
Wayve raises $1.2bn as self-driving firm gears up for robotaxi launch February 25, 2026 British self-driving car company Wayve has raised $1.2bn (£950m), ticking its valuation up to $8.6bn and marking one of the largest capital raises for a UK AI startup. The funding round was led by Eclipse, Balderton and Softbank Vision Fund 2, with new backing from investors like Ontario Teachers’ Pension Plan, Baillie Gifford, the British [...]
Meta strikes AMD chip deal as AI spend continues to boom February 24, 2026 Meta has agreed a multiyear deal to buy up to six gigawatts of AI computing power from AMD, in an agreement valued at more than $100bn (£74.5bn) that could see the social media group take a stake of up to 10 per cent in the US chip giant. The companies said on Tuesday that Meta [...]
