Labour trails plans to fight cyberattacks October 30, 2025 The UK government is set to take further action to bolster national cyber resilience, City AM understands, as cybercrime continues to surge across the country. High-profile attacks on businesses, from smaller firms to major supply chains, have unveiled deep cracks and vulnerabilities in the economy. Tech secretary Liz Kendall told City AM: “We’re working really [...]
OpenAI eyes $1 trillion IPO as soon as 2026 October 30, 2025 OpenAI has begun preparations for a blockbuster float that could see the tech juggernaut valued at as much as $1 trillion (£750bn). The ChatGPT maker is understood to be considering filing IPO paperwork as soon as the second half of 2026, with the listing taking place later that year or early the following year. OpenAI [...]
FTSE 100 Live: OpenAI plots IPO, Shell kicks off $3.5bn buyback October 30, 2025 Good morning from the City AM liveblog team. The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the [...]
Should Robert Peston really be making adverts for Google? October 30, 2025 “I was struck by some analysis that Google has done that shows that the adoption of artificial intelligence can increase productivity by around 20 per cent,” ITV political editor Robert Peston says. If you weren’t paying close enough attention, you’d be forgiven for missing that Peston’s remarks form part of a new advertising campaign he [...]
‘Sower of chaos’ – Russia behind UK cyberattacks, says Cloudflare boss October 30, 2025 The recent spate of cyberattacks that have crippled British firms is largely being carried out by Russia, which used the outbreak of the conflict in Gaza as a “cover story” to deflect attention, the boss of one of the world’s largest cybersecurity firms has said. Cloudflare chief executive Matthew Prince told City AM that the [...]
FOMO worries drive investors to get their hands on gold October 30, 2025 Global demand for gold hit record breaking highs in the recent financial quarter, as investors continue to pay significant amounts in order to get their hands on the asset amid fears of missing out on the rally. The precious metal has soared over the course of the year, storming to $4,381 (£3,308.64) this month, with [...]
Exclusive: Liz Kendall bets £55bn to close UK innovation gap October 30, 2025 Britain’s new tech secretary, Liz Kendall, insists the government’s record £55bn R&D package marks a turning point for UK innovation, but with the country still lagging global rivals in key sectors, questions remain over whether even this scale of investment can close the gap. The funding, confirmed on Thursday by the Department for Science, Innovation [...]
Labour’s Liz Kendall unveils record £55bn R&D boost for UK innovation October 30, 2025 Labour has announced a £55bn funding boost for science and technology, dubbing it the largest-ever long-term investment in UK research and development (R&D). The plan, confirmed today by the Department of Science, Innovation and Technology (DSIT), will pour billions into British research agencies and innovation bodies through to 2030 – part of the government’s drive [...]
Three things Star Trek got right about AI October 30, 2025 Star Trek either inspired or predicted many of the astonishing developments we live with today, says Lewis Liu I’m a huge Star Trek nerd, having watched since I was a kid. I’m not alone amongst tech founders – sci-fi remains a core inspiration for us. Elon Musk famously cites the late British sci-fi novelist Iain [...]
Barclays and Santander top highest customer exodus after outages October 30, 2025 Barclays and Santander recorded the highest net losses of current account switches in the second quarter of the year after outages disrupted thousands of customers’ online banking. Over 22,000 users switched from Barclays in the three months to June 2025, with just under 4,000 joining, marking a net loss of over 18,000. Santander recorded a [...]