From toilets to MSG: Four unlikely winners of the AI boom March 11, 2026 Believe it or not, Toto, the Japanese toilet and bidet maker, has become one of the more improbable stock success stories of the AI boom. The company produces electrostatic ‘chucks’, components critical to memory chip production, and when activist fund Palliser Capital took a stake last month and called it “the most undervalued and overlooked [...]
AI minister defends billions amid ‘phantom funding’ scrutiny March 10, 2026 Britain’s multi billion-pound push to build sovereign AI capacity will inevitably include projects that are still taking shape rather than fully deployed capital, the UK’s AI minister told City AM, as scrutiny intensifies over the government’s headline investment figures. Kanishka Narayan, who was appointed as AI and online safety minister last September, said the scale [...]
MPs reject social media ban for under-16s March 10, 2026 MPs have voted down a proposal to ban under-16s from using social media, after toying with the idea of following Australia’s nationwide law. The amendment, tabled by Conservatives to the children’s wellbeing and schools bill, was defeated in the House of Commons on Monday evening, by 307 votes to 173. The measure had already been [...]
From start-up to scale-up: shifting the focus to support for female entrepreneurs March 10, 2026 As part of our partnership with Scale and the Women Who Scale initiative, City AM sat down with Sam Smith, the former chief executive of FinnCap, to discuss one of the key challenges holding back female start-up founders and what can be done to help female-led scaleups. While the spotlight often shines on the funding [...]
London AI security startup raises $15m as threats rise March 9, 2026 A London startup building AI tools to help protect critical infrastructure and public venues has raised $15m (£11.8m) in funding as governments across Europe step up security measures. Augur said the seed round was led by Plural, with participation from First Kind, SNR, Flix and Tiny VC. The company’s platform connects with existing cameras and [...]
Nothing risks removal from UK register over late accounts March 9, 2026 Smartphone maker Nothing has been warned it could be removed from the UK’s official company register after missing a key financial filing deadline, City AM understands. According to Companies House filings, Nothing Technology Ltd, the corporate vehicle behind the London-based consumer tech brand founded by Carl Pei, was issued with a First Gazette notice on [...]
Lime subscription brings e-bike fares in line with TfL March 9, 2026 E-bike giant Lime is launching a new UK subscription aimed at frequent riders that will bring the cost of short journeys close to, and in some cases below, local public transport fares. The company said its new ‘Limeprime’ membership will offer flat-rate rides of up to 20 minutes for a monthly fee across London, Milton [...]
Chinese-owned UK chipmaker still awaiting sale after government order March 9, 2026 More than a year after ministers ordered the sale of a Chinese-owned British semiconductor company on national security grounds, the deal has yet to materialise. Glasgow-based Future Technology Devices International (FTDI) remains majority owned by a Chinese state-backed consortium, despite the cabinet office directing investors to divest their stake in November 2024. The company was [...]
Nscale lands $2bn funding amid UK push to grow AI infrastructure March 9, 2026 London-based AI infrastructure firm Nscale has raised $2bn (£1.6bn) in funding, raising its valuation to $14.6bn as Britain seeks to get ahead of the global AI computing race. The series C round, led by Aker ASA and 8090 Industries, has been backed by heavyweight investors including Nvidia, Dell Technologies, Lenovo, Citadel and Point72. The funding [...]
Anthropic: AI hasn’t caused job losses yet, but hiring is slowing March 6, 2026 AI has yet to trigger the wave of job losses many fear, according to one of the sector’s biggest players, but early signs suggest it may already be reshaping how companies hire. New research from Anthropic found little evidence that AI has increased unemployment in the occupations most exposed to the technology since the launch [...]
