Meta and Microsoft face AI earnings test July 30, 2025 Meta, the owner of Facebook, and Microsoft will post second-quarter earnings after US markets close today (Wednesday 30 July) with analysts focused squarely on how both tech titans are monetising their multibillion-dollar artificial intelligence (AI) bets. Shares in both firms have surged around 20 per cent so far this year, fuelled by investor enthusiasm around [...]
UK backs global AI safety plan with AWS and Anthropic July 30, 2025 The UK has launched a new global research coalition aimed at tackling one of the most pressing but least understood problems in artificial intelligence – ensuring that advanced AI systems behave in ways aligned with human values. Backed by £15m in funding and a wide-ranging group of partners, the so-called ‘Alignment Project’ was unveiled on [...]
Labour’s OpenAI deal lacks transparency July 24, 2025 The Labour government’s newly announced partnership with OpenAI has positioned the UK at the centre of a global discourse on the future of artificial intelligence in public services. The memorandum of understanding (MoU), signed on Tuesday by tech secretary Peter Kyle and OpenAI chief Sam Altman, sets out a framework for collaboration across sectors like [...]
Alphabet and Tesla to kick off pivotal week for the Magnificent Seven July 23, 2025 The high-stakes earnings season for the Magnificent Seven tech giants begins on Wednesday, as Tesla and Alphabet report after the closing bell. With both companies under pressure to justify elevated valuations and market leadership, their results could set the tone for the rest of the sector’s global heavyweights – and for equity markets more broadly. [...]
OpenAI: ChatGPT maker’s UK earnings skyrocket July 23, 2025 OpenAI has raked in millions of pounds since the launch of artificial intelligence (AI) service ChatGPT in the UK, it has been revealed. The UK division of the US tech giant ended last year with current assets of £56.2m which included £42.4m in the bank and a further £13.7m owed by debtors, according to new [...]
Environment secretary: Labour’s water revolution will give investors certainty July 22, 2025 Abolishing Ofwat and streamlining water regulation will give the sector the clarity and accountability it needs to attract private investment, says environment secretary Steve Reed Today is the start of a water revolution. When I came into office a year ago, it was immediately clear our water system needed a complete reset. There were high [...]
What WeTransfer’s terms of service backtrack tells us about AI, data, and digital trust July 19, 2025 Earlier this week, Dutch file-sharing platform WeTransfer found itself in the crosshairs of an increasingly familiar story: AI ambition colliding with user trust. A subtle but potent tweak to its ‘terms of service’ – a clause suggesting user files might be used to “improve performance of machine learning models” -triggered feelings of unease through its [...]
What does Netflix’s use of AI mean for TV’s future? July 18, 2025 Netflix has used generative artificial intelligence (AI) to produce visual effects in one of its original series for the first time, marking a significant moment for the streaming giant and the wider entertainment industry. The scene in question – a collapsing building featured in the upcoming Argentine science fiction drama El Eternauta – was created [...]
Buy now pay later firms to face tougher rules from next July July 18, 2025 Buy now pay later providers Klarna and Afterpay are set to face tougher rules by the Financial Conduct Authority (FCA) next year after much to-ing and fro-ing between fast-growing firms and regulators. The FCA has revealed new rules will kick in on 15 July next year. Buy now pay later entrepreneurs and other consumer groups [...]
AI giants ‘fundamentally unprepared’ for dangers of human level intelligence July 17, 2025 The world’s leading artificial intelligence (AI) companies are hurtling toward the creation of human-level AI – but without a credible safety net. Top AI developers of being “fundamentally unprepared” for the consequences of the very systems they are racing to build, warned the Future of Life Institute (FLI). In a recent report, the US-based AI [...]