Fractile vs Nvidia: can a UK startup undercut AI’s chip darling? May 6, 2026 A little-known British startup is beginning to test one of the biggest assumptions underpinning the AI boom: that Nvidia will remain the unavoidable centre of the ecosystem. Founded in 2022 by Oxford researcher Walter Goodwin, Fractile is attempting to redesign how AI chips work altogether, with a focus on speed and – crucially – cost. [...]
OpenAI listing plans hit as Altman scraps robotics spin-off idea May 5, 2026 Tech behemoth OpenAI internally shelved plans to spin off its robotics and consumer hardware divisions, as chief executive Sam Altman tightens focus ahead of a potential IPO that could value the company at up to $1 trillion (£737bn). The proposed restructure, as first reported by the Wall Street Journal, would have mirrored Alphabet’s model, separating [...]
Channel 4 puts HQ up for sale as London footprint shrinks May 5, 2026 Channel 4 has formally placed its long-standing Horseferry Road headquarters on the market, as the broadcaster presses ahead with a major overhaul of its London footprint under new chief executive Priya Dogra. The move marks the broadcast giant’s latest step in a long-term transformation strategy designed to modernise the organisation, cut costs and reflect changing [...]
Food prices set to soar 50 per cent since cost-of-living crisis began May 4, 2026 UK food prices are on track to be 50 per cent higher by November compared to levels at the start of the cost-of-living crisis, piling fresh pressure on households already struggling with rising bills. New analysis from the Energy and Climate Intelligence Unit (ECIU) warns the surge would mark a “grim milestone”, with price growth [...]
UK to join EU Ukraine loan talks in defence push May 3, 2026 The UK is set to begin negotiations to join the European Union’s €90bn (£78bn) loan scheme for Ukraine, as Keir Starmer steps up efforts to deepen defence cooperation with European allies. Speaking ahead of a summit of the European Political Community (EPC) in Yerevan, Armenia, the prime minister is expected to signal Britain’s intention to [...]
Tories target £1bn benefits loophole in welfare crackdown May 3, 2026 The Conservatives have pledged to close what they claim is a £1bn loophole in the welfare system, in a move aimed at tightening benefit rules and boosting incentives to work. Shadow work and pensions secretary Helen Whately said the party would overhaul the benefit cap so households cannot receive unlimited payments unless all adults who [...]
Wizz air urges Brits to ‘book with confidence’ despite rising fuel fears May 3, 2026 Wizz Air has moved to reassure passengers its summer schedule will run as planned, as concerns mount over potential flight disruption linked to the Middle East conflict. The budget carrier said its operations remain “fully stable and unaffected”, despite warnings from ministers that jet fuel shortages could impact travel during the peak holiday season. A [...]
Airport jobs at risk as Iran conflict hits flights May 3, 2026 Thousands of UK airport jobs are at risk as airlines cut schedules amid disruption linked to the Iran conflict, as the government is urged to support to protect workers. Ground handling firms and unions have warned ministers that the impact on employment could rival, or even exceed, the pandemic, as reduced flight volumes threaten a [...]
Daily Mail owner sells US data arm for $1bn April 30, 2026 The owner of the Daily Mail has agreed to sell its US property data business in a $1bn (£730m) deal, as it reshapes its portfolio and frees up cash for new investments. Daily Mail and General Trust (DMGT), controlled by Rothermere Continuation Holdings, said it will offload Trepp to Fitch Group in an all-cash transaction [...]
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 [...]
