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 [...]
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 [...]
Musk rolls out Cybercab after mixed Tesla results April 24, 2026 Tesla boss Elon Musk has confirmed production of the firm’s long-awaited Cybercab robotaxi has begun, as the car giant doubles down on AI and autonomy following a mixed set of quarterly results. Speaking on Tesla’s first quarter 2026 earnings call, Musk said: “We have just started production of Cybercab.” He also shared a short promotional [...]
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 [...]
Meta to cut 8,000 jobs as AI spending soars April 24, 2026 Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years. The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of [...]
