Have we crossed the AI event horizon? June 26, 2025 Despite Sam Altman’s claims that we’ve crossed the AI “event horizon,” the reality is that today’s models remain far behind human intelligence in scale, flexibility, efficiency and learning, says Lewis Liu Sam Altman is currently peddling the “gentle singularity“, claiming we are already “past the event horizon” for AI – at the point where the [...]
City sends an SOS to fix London markets ‘before it’s too late’ June 26, 2025 Fears over the health of the City’s stock market have been laid bare after trading platform IG became the latest firm to sound the alarm over the “crisis unfolding” on the London bourse. The FTSE 250 firm has launched a “Save our Stock market” initiative – aptly dubbed the SOS campaign – which serves as [...]
Shell denies BP takeover reports June 25, 2025 Oil giant Shell has denied reports that it is engaged in talks to acquire rival BP. BP shares jumped by as much as eight per cent after reports of a potential deal came to light. But a Shell spokesperson has now dismissed rumours as “market speculation” and said “no talks are taking place”. Executives at [...]
Saving British Steel leaves taxpayers with £900m bill June 25, 2025 The government’s decision to take emergency control of British Steel is poised to cost the taxpayer just short of £1bn, according to initial government estimates, sparking warnings from opposition politicians that the Chancellor’s narrow fiscal headroom is in jeopardy. The Office for National Statistics (ONS) expects the public finances to suffer a £900m hit from [...]
Starmer calls for ‘moment to unite’ as Nato agrees defence pledge June 25, 2025 Keir Starmer said the latest Nato summit represented a “moment to unite” as 32 member countries committed to ramp up spending on defence to 3.5 per cent by 2035, with a further 1.5 per cent allocated towards security and infrastructure. The Prime Minister said investment will go towards cyber security and protecting key infrastructure while [...]
Brave Bison’s new deal signals rising EdTech trend June 25, 2025 Brave Bison’s acquisition of MiniMBA, the online marketing education business founded by professor Mark Ritson, marks a significant strategic expansion into the professional training space for the UK-based digital media and marketing group. The £19m deal, announced Wednesday, is AIM-listed Brave Bison’s largest to date. It follows a string of acquisitions, including Social Chain and [...]
Crypto exchange to tokenise motor finance claims June 25, 2025 Tokenisation platform Bitfinex Securities has revealed a direct listing of a £100m tokenised equity issuance to provide litigation funding for claims against the motor finance industry
F1 movie: Brad Pitt adds charm to Formula One movie June 25, 2025 Hollywood hasn’t always been enamoured with Formula One, but that’s changed over the last decade or so. Netflix’s Drive To Survive, 2013 drama Rush and 2019’s Ford V Ferrari have elevated interest Stateside, along with the relaunch of the US Grand Prix in 2012. Now, F1 is officially getting the Hollywood treatment, with one of [...]
What does Labour’s industrial strategy really mean for UK tech? June 25, 2025 After years of drift, Whitehall has finally made a plan. Labour’s long-trailed Industrial Strategy landed on Monday – a 10 year blueprint that promises to stitch a broken economic model back together with the help of strategic intervention. For the tech sector, it’s an ambitious document. But many in the industry have said it’s also [...]
Don’t let ticket resale price caps ruin the party this festival season June 25, 2025 Misguided plans to cap regulated resale of tickets for live events will be a gift to unscrupulous touts, says Bob Kupbens The numbers are in – and they’re alarming. Home Office figures just released point to a huge increase in officially reported losses in fraud from ticket sales. And crucially, half of the £1.6m total [...]