Goldman Sachs lands lead role on SpaceX’s record $1.75 trillion IPO May 20, 2026 SpaceX is preparing to launch what could become the largest stock market flotation in history, after Goldman Sachs secured the coveted lead left underwriting role on a proposed $75bn initial public offering. The Elon Musk-led rocket, satellite and AI group is expected to publish its prospectus as early as Wednesday ahead of a planned Nasdaq [...]
Job cuts at Big Four firms fuel worker burnout May 20, 2026 Job cuts at professional services firms are resulting in overworked staff, but the pressures – combined with increased reliance on AI – risk damaging firms’ reputations through mistakes, writes Maria Ward-Brennan. The professional services industry, especially the Big Four giants, has faced its fair share of job cuts, with thousands of roles laid off in [...]
The Debate: Is Gen Z right to reject corporate culture? May 20, 2026 Late, rude and unproductive, Gen Z has gained quite the reputation in the office. But are they right to challenge corporate culture?
Claude was the nice guy of AI – what changed? May 20, 2026 The narrative around Anthropic’s Claude, initially perceived as the “ethical AI company,” has recently shifted due to concerns over perceived hypocrisy, aggressive ambition, model degradation, platform restrictions, and vendor lock-in risk, causing customers and developers to seek alternatives, says Lewis Liu “You really feel like Claude is a real person that you are interacting with [...]
Bank of England’s Breeden: Digital gilt will bring down borrowing costs May 20, 2026 The Bank of England’s plans to help launch a digital gilt will make Britain’s sovereign debt more appealing to a wider pool of investors and help bring down government borrowing costs, its deputy governor has said. Speaking to City AM at the City Week conference, Sarah Breeden hailed the central bank’s efforts to help the [...]
Mustafa Suleyman-founded Inflection AI to return to London May 20, 2026 Silicon Valley startup Inflection AI is marking a return to London as the company forges ahead with its expansion plans, City AM can reveal. The artificial intelligence business was launched in 2022 by Deepmind co-founder Mustafa Suleyman and attracted early backing from Linkedin founder Reid Hoffman. It released its own large language model, Pi, and [...]
Data centres to consume tenth of global power by 2050 May 20, 2026 The AI boom is set to drive one of the largest increases in electricity demand in modern history, with data centres expected to consume a tenth of the world’s power by 2050. Global data centre electricity demand will more than double from 500 terawatt-hours (TWh) last year to 1,114TWh by mid-century, according to BloombergNEF data, [...]
John Lewis, Debenhams censored over Black Friday ads May 20, 2026 John Lewis, Debenhams and Boots have been censored over “misleading” Black Friday ads after being accused of overstating the discounts on offer to shoppers. The three retail giants have had their adverts banned by the Advertising Standards Authority (ASA), which monitors ads using an AI-powered tool. The watchdog has been cracking down on retailers’ pricing claims [...]
Canva Brings On-Brand, Editable Design into Google Gemini May 19, 2026 With the addition of the Canva Connected App for Gemini, the Canva Design Engine now enables seamless creation in every major AI Assistant. Turn AI-generated images from Google’s Nano Banana model into editable designs with Canva’s Magic Layers AI tool. Connect to team context and brand intelligence stored on Canva to create on-brand designs from the first prompt.
Global Millennial Capital Closes USD 100 Million IPO Opportunities Fund Focused on AI, Decentralized Financial Infrastructure, and Climate Technologies May 19, 2026 Global Millennial Capital Ltd. (“GMCL”) today announced the final closing of its inaugural IPO Opportunities Fund at USD 100 million. Raised through a private placement with institutional and professional investors, the fund targets late-stage and special opportunities investments across mid-cap technology companies operating in high-growth sectors, including artificial intelligence, decentralized finance infrastructure, cybersecurity, digital infrastructure, [...]