‘Staggering commitment’: Nvidia to invest up to $100bn in OpenAI September 22, 2025 A massive expansion in OpenAI’s compute capacity will soon be underway after the firm secured a $100bn (£74bn) investment from the world’s best-known chipmaker, Nvidia. The commitment was made as part of a major strategic partnership between the two tech giants, which will see Nvivida deploy at least 10 gigawatts in data centre capacity for [...]
Zilch lands £30m debt facility from US Bank ahead of ‘next phase of growth’ September 22, 2025 Zilch has secured a fresh loan facility in signs the London fintech is opting for debt-fuelled over equity-led expansion. The Victoria-based business has agreed the £30m facility with New York-based US Bank, according to documents filed with Companies House. The agreement marks the largest financing deal the fintech has struck since its £150m debt facility [...]
Labour given fresh warning on ‘real’ risk of fiscal crisis without cuts September 22, 2025 Labour Party parliamentarians have been alerted to the “real” risk of an economic emergency if spending cuts are not made as the incoming tax hikes at the Budget could trim growth and worsen the UK’s jobs crisis. Backbench MPs have been widely blamed for failing to back the government’s small welfare cuts earlier this year, [...]
Reddit: Revenue more than triples as UK profit jumps September 22, 2025 Revenue at the UK arm of Reddit more than tripled during its latest financial year as profit also surged, it has been revealed. The London-headquartered division has posted a revenue of £96.7m for 2024, new accounts filed with Companies House show. That total is up significantly from the £28.4m it posted for 2023. From 1 [...]
End of Trump’s state visit is no time for Britain to relax September 22, 2025 Donald Trump’s state seemed a success and brought inward investment with it, but steel tariffs are still on the table and political chaos reigns at home, says Eliot Wilson The Eagle has flown. President Donald Trump undertook his unprecedented second state visit to the United Kingdom last week – unprecedented for a US president, anyway, [...]
Trump’s trade war pushes exports and people to UK September 20, 2025 President Donald Trump’s brutal tariffs have pushed Canadian exporters across the pond, fresh data has shown, with further US policies on immigration also expected to draw more workers towards the UK. Official figures by Statistics Canada show that the country’s exports to the UK spiked by as much as 63 per cent in the months [...]
The Capitalist: Which Tory will be next to turn turquoise? September 19, 2025 This week’s rumours, whispers and City gossip in The Capitalist… Which Tory will be next to turn turquoise, Trump’s in town and City AM welcomes some newcomers TURNING TURQUOISE: WHICH TORY IS NEXT?Tory WhatsApp groups have been feverishly speculating on who among their number may be next to make the turquoise transition to Reform. And [...]
Exclusive: LinkedIn to train AI on UK members’ profiles September 19, 2025 LinkedIn will begin using the profiles, posts, resumes and public activity of UK members to train its generative AI models from 3 November, City AM can reveal. The Microsoft-owned professional network’s new terms of service, which were updated on Thursday, confirm that while private messages are excluded, most public-facing data will feed into AI systems [...]
Banking customers hate chatbots – and it could cost the sector £9.3 billion September 19, 2025 75 per cent of people would rather deal with a person than a chatbot concerning their finances; one in five has shouted at their robot antagonist; and one in eight admits swearing at them. Rather than save money, Chatbots may actually be driving business away, says Chris Teasdale If you’ve interacted with customer services in [...]
Interest rates could fall to three per cent – City AM Shadow MPC September 18, 2025 Interest rates could fall as low as three per cent, according to a group of economists in City AM‘s Shadow Monetary Policy Committee (MPC), but a rocky year for the UK economy could keep borrowing costs high. The Bank of England voted to hold interest rates on Thursday at four per cent due to sticky [...]