Legora lands Nvidia backing as Jude Law fronts campaign April 30, 2026 AI legal tech firm Legora has secured fresh backing from Nvidia as part of a $50m (£37m) funding extension that pushes its valuation to $5.6bn. The Stockholm-based startup said the extension takes its total Series D round to $600m, with Nvidia’s venture arm NVentures and Atlassian joining as new corporate investors. Additional backing came from [...]
Big Tech results: Alphabet soars as Meta meta sinks on spending plans April 30, 2026 The four largest AI players reported quarterly earnings simultaneously for the first time on Wednesday, delivering a broadly positive set of results that nonetheless triggered a sharp divergence in after-hours share price moves. Alphabet led the pack, with Google’s parent company posting revenue of $109.9bn (£81.6bn) a 22 per cent rise on the same period [...]
The AI bubble has a name – and it’s OpenAI April 29, 2026 For three years, Sam Altman has worn the badge of greatest pitchman in the history of tech. He sold the world a vision of artificial general intelligence – a machine that thinks, reasons and creates – and sold investors the bill to build it. The man raised more capital in a single funding round than [...]
BT shares dip as Ofcom probes EE and Plusnet data April 29, 2026 Shares in telecoms giant BT Group slid on Wednesday after the regulator Ofcom launched a formal investigation into whether it provided inaccurate or incomplete customer service data through EE and Plusnet. The UK watchdog said it is looking into whether BT complied with legally binding information requests issued in December 2023, under the Communications Act, [...]
UK cannot ‘outsource AI future’, says Netcompany boss April 29, 2026 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 [...]
OpenAI-linked shares plummet after it fails to hit growth targets April 28, 2026 Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
UK firms unaware of how their AI data is used overseas April 28, 2026 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 [...]
Big Tech earnings to test AI demand – and Nvidia surge April 28, 2026 Big Tech earnings this week are expected to provide a clearer picture of the AI state of play, with results from Microsoft, Alphabet, Meta and Amazon set to offer updates on capital expenditure and AI-related revenues. The results come as Nvidia, the booming chip darling, closed last week at a record high, taking its market [...]
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 [...]
UK eyes AI in classrooms as schools face staffing strain April 27, 2026 Advances in AI are moving higher up the UK education agenda, as ministers look for ways to manage teacher shortages without major increases in spending. While the government has so far erred on the side of caution compared to its global peers, the direction of travel is toward a wider use of AI tools in [...]
