Britain needs a new Richard Branson August 5, 2026 Richard Branson continues to be the best champion the UK has as a place to do business despite founding his first business decades ago. Branson is a global success, but he should have a successor by now, says Philip Salter A few months after England lifted the 1966 World Cup, Sir Richard Branson started working [...]
Nscale doubles London office space as UK staff grows sixfold August 5, 2026 Nscale has doubled its London office space as the AI hyperscaler cements its presence in the capital, City AM can reveal. The tech startup, which develops data centres for AI firms and is reportedly eyeing a $25bn valuation in an upcoming IPO, has leased out an extra floor in the Mayfair building that houses its [...]
UK’s AI watchdog flags new OpenAI and Anthropic cyber alarms August 5, 2026 Britain’s AI safety watchdog was forced to declare a security incident after frontier AI models, including Anthropic’s Mythos, went rogue during a routine test, autonomously spinning up fake identities in a bid to hack real-world software developers. The AI Safety Institute (AISI) revealed on Tuesday that during a cybersecurity evaluation in late, AI models unexpectedly [...]
Ekovolt Welcomes Éric Scotto, Co-Founder of Akuo Energy, as a Shareholder, and Rebrands as Pont Digital Infrastructure August 5, 2026 Ekovolt, a holding company focused on the development and investment in next-generation data centre infrastructure, and co-owner of Voltekko, a Southern European data centre development platform, today announces two milestones: Éric Scotto — co-founder and former President of Akuo Energy, a pioneering figure in the French and international energy transition — becoming a shareholder, and [...]
Everfox Reaffirms Commitment to UK Armed Forces Covenant August 5, 2026 Company’s Pledge Follows on Heels of Receiving Defence Employer Recognition Scheme Silver Award
Moove Raises $250 Million at $2.1 Billion Valuation to Scale the Global Infrastructure Layer for Autonomous Mobility August 5, 2026 Led by Mubadala Investment Company "Mubadala", and co-led by Woven Capital (Toyota) and Ion Pacific, the Series C accelerates Moove’s global infrastructure platform for autonomous mobility as the market shifts from breakthrough technology to scaled deployment. $250 million Series C values Moove at $2.1 billion, cementing its position as the category defining infrastructure company for the autonomous mobility economy Moove is building the core operating layer for autonomous mobility globally through integrated fleet management, robotics-first depot infrastructure, and 24/7 operations Through its partnership with Waymo, Moove is already a leading third-party autonomous vehicle fleet manager, with operations live or announced across Phoenix, Miami and London Moove’s autonomous strategy is grounded in five years of building and operating mobility infrastructure at scale, from an initial launch of 76 vehicles in Lagos to approximately 42,000 vehicles across 29 cities (13 countries) and achieving an ARR of $420 million
FTSE 100 Beazley profit plunges as war roils insurance market August 5, 2026 FTSE 100 insurer Beazley said war and rising global risks were hitting the insurance market as it revealed that its profit more than halved in the first half of 2026. The insurer reported a pre-tax profit of $237.7m (£176.6m) for the first half of 2026, a 53 per cent fall from the $502.5m reported in [...]
David Brent was supposed to be a satire, now he looks like a model for political leaders August 5, 2026 Attention-seeking, self-absorbed and desperate to be liked, David Brent was meant to embody everything a leader should not be – but today’s media landscape rewards the very qualities Ricky Gervais satirised, says Tim Focas A Tiktok clip has gone viral for comparing Andy Burnham to David Brent. His cheesy mannerisms, dad dancing and guitar playing [...]
The best weapon against AI slop is a good lunch August 5, 2026 City AM is rightly campaigning against AI slop but the best answer to the advance of the robots is human connection, and that’s what journalism and PR are best at, says James Millar Some years ago a leading mathematician, genuinely one of the cleverest people in the country, reassured me that AI would not make [...]
IPOs aren’t the new meme stocks August 5, 2026 The market may be producing bigger IPO stories. like SpaceX and Anthropic, but that doesn’t mean retail investors are blindly buying the hype, says Carl Hazeley If you only read the headlines, you’d think retail investors had found their next obsession: blockbuster IPOs. SpaceX has dominated the conversation again this week as investors digest its [...]