Exclusive: Female CFOs generate greater returns for investors August 28, 2025 Female chief financial officers (CFOs) in the UK are routinely outperforming industry benchmarks, according to a new study shared exclusively with City AM. According to finance management platform OneStream’s Glass Chair study, UK companies led by female CFOs have delivered an average total return 1.5 per cent above industry benchmarks. That figure grows to 3.2 [...]
Nvidia stock dips despite record quarter as uncertainty spooks markets August 28, 2025 Nvidia’s earnings once again beat expectations last night, but the AI chipmaker’s shares slipped in after-hours trading due to ongoing uncertainty over China. The Silicon Valley-based group, now worth more than $4tn (£3.1tn) reported fiscal second-quarter revenue of $46.7bn, up 56 per cent year on year, with adjusted earnings per share of $1.05. Both figures came in [...]
UK defence tech pivots from taboo to City darling August 28, 2025 The UK’s deep tech sector is navigating a seismic shift in investor sentiment toward defence technology. Once a frowned-upon sector, defence is now shedding its taboo, driven primarily by global instability and recent geopolitical headwinds. This transformation, while opening the doors to new investment opportunities, also reveals underlying issues in the UK’s approach to technology [...]
Mass hallucinations: How I caught a rogue AI reporter August 27, 2025 The ‘customer’ in the fried chicken shop didn’t touch his meal. Instead, he photographed the kitchen door’s keypad and left. ‘Corporate spy,’ muttered the cashier before showing me three identical incidents caught on his security cameras. This is the opening line of a pitch I received from a writer called Joseph Wales, entitled “London’s Fried [...]
Inaccurate AI submissions strain overloaded Employment Tribunal August 27, 2025 A growing number of people are using AI platforms such as ChatGPT to draft grievances when bringing claims against their employers at the Employment Tribunal. Travers Smith employment partner Ailie Murray told City AM that the team is increasingly seeing employees use AI to draft grievances, employment claims, and submissions against their employers. “While this [...]
AI anxiety grips UK as TUC pushes for ‘worker-first’ strategy August 27, 2025 The Trade Union Congress (TUC) has unveiled a new ‘worker-first’ AI strategy, urging the government to prioritise employees and unions at the centre of its AI policy. This move follows recent findings from the same union, which revealed that half of UK adults are concerned that AI will either take or significantly alter their jobs. The [...]
Microsoft negotiations threaten to delay OpenAI’s restructuring August 27, 2025 OpenAI’s plan to restructure its business and raise billions in new funding is being stalled as it remains locked in complex negotiations with its largest investor, Microsoft. The ongoing talks, which could extend beyond the end of the year, as reported by the Financial Times, centre on key points of contention that could impact the [...]
A plea from a data centre owner: Stop vilifying us! August 27, 2025 Vast, humming fortresses of silicon and steel, data centres are the unsung titans, not villains, of our digital age, writes Huw Owen Data centres are under siege – not from cyberattacks, but from headline writers. “Thirsty data centres are sucking up Britain’s scarce water supplies,” cried one recent report; another elsewhere warned that the government’s [...]
One in ten UK banking jobs at risk from AI August 27, 2025 Bankers across the UK could be on the chopping block as the industry piles billions into AI. The push into the modern tech will put some 27,000 roles at risk – representing ten per cent of the UK banking sector’s workforce. By 2030, banks across the country will have piled over £1.8bn into generative AI [...]
Think twice before you take legal advice from AI August 26, 2025 AI can help make legal support accessible, but it can also be dangerous. Could a regulated AI tool akin to the NHS 111 service be the answer?