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 [...]
Citrini Research report rattles markets as AI fears deepen tech sell-off February 24, 2026 A speculative research note imagining an AI-driven economic downturn caused a sharp sell-off in US tech stocks on Monday, adding to pressure already building from new AI tools. The Dow Jones Industrial Average fell 821.9 points on Monday, or 1.7 per cent, while the S&P 500 declined 1 per cent and the Nasdaq Composite slipped [...]
Reddit fined £14m over children’s data protection failures February 24, 2026 Social media platform Reddit has been fined £14.47m by the Information Commissioner’s Office (ICO) after a probe found it unlawfully processed children’s personal information. The platform was also found to have failed to implement adequate age checks. The UK data protection regulator said the US-based company did not implement robust age assurance measures, meaning it [...]
Lack of trust in AI tempers Starmer’s tech push February 24, 2026 Britain’s AI sector has entered the year with continued momentum, with its leading heavyweights raising over £20bn in private capital over the past year. According to Startup Coalition’s latest AI index, British AI firms command a combined valuation north of £45bn. Business services accounted for roughly 400 AI startups, attracting £8.3bn, while financial services and [...]
