International earnings set to outpace domestic in growing companies February 24, 2025 The world’s fastest-growing companies’ international earnings are set to eclipse domestic revenue by 2030, according to new research from HSBC. A survey of 1,143 global senior decision makers, in companies with a revenue of between £18m (£14.2m) and $5bn (£3.9bn), found overseas revenue represents less than half of their income at present. However, this is [...]
Apple axes data protection tool after government security row February 21, 2025 Apple has removed its advanced data protection (ADP) feature from the UK, following a dispute with the UK government over encryption and access to user data. This comes after the Home Office requested access to encrypted iCloud data under the investigatory powers act (IPA), a law that requires leading tech firms to provide information to [...]
Ex-Lloyds executive wants to ‘fintech’ mortgages February 21, 2025 A former Lloyds executive wants to accelerate the mortgage process by bringing AI into the mix. Stuart Cheetham worked at Lloyds bank for over a decade, spanning senior roles across Asia. He was chief executive in Hong Kong and managing director in Japan. However, since departing the Big Four bank, Cheetham founded his own company [...]
UK banks differ from US on AI strategy February 20, 2025 Banks in the UK are more likely to focus artificial intelligence (AI) strategy on improving customer experience compared to their US rivals, a new report has revealed. NTT Data’s ‘Intelligent Banking in the Age of AI’ found 52 per cent of UK banks were using AI to enhance customer services, rather than cut jobs. This [...]
How Virgin Media 02 keeps your data running 24/7 February 20, 2025 City AM was invited inside one of Virgin Media 02 (VM02)'s largest data centres in the UK, located in Slough.
X looks to raise $44bn in valuation as Musk woos investors February 19, 2025 Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly known as Twitter, in 2022. Bloomberg News reported on Wednesday that talks for this new funding round remain preliminary, and that the terms could either [...]
Fuel Ventures backs AI solution to UK housing crisis February 19, 2025 Venture capital firm Fuel Ventures has co-led a £300,000 investment in PlanningHub, an AI-driven platform designed to help the UK’s housing crisis. The platform is designed to improve access to planning data for property development by simplifying the planning process. PlanningHub’s platform will apply AI to automate aspects of the planning application process, aiming to [...]
UK businesses are struggling to implement AI. Here’s why February 19, 2025 It has been claimed that artificial intelligence (AI) could contribute £200bn to the UK economy. Yet, businesses are struggling with adoption due to a lack of expertise, high costs, and regulatory concerns. A survey by digital transformation company ANS and Yougov of over 1,000 IT decision-makers cited the UK’s skills gap as the leading barrier [...]
The Debate: Should we use AI for everyday work tasks? February 19, 2025 Is using AI for emails and note taking a no-brainer, or do we risk losing valuable skills? Our writers hash it out in this week's Debate.
Rumours of the death of DEI have been greatly exaggerated February 19, 2025 Donald Trump and Elon Musk may be dismantling DEI in the States, but in Britain and Europe it remains buried deep. We must root it out or risk being left poor, defenceless and exposed, says James Price A few years ago, the term ‘vibe shift’ entered the online lexicon. Broadly, it describes a moment of [...]