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 [...]
UK launches free AI training for schools as staff confidence lags July 17, 2025 The government has rolled out a new suite of free training materials to help schools and colleges across England get to grips with artificial intelligence in the classroom. The Department of Education (DfE) said the resources – developed by Chiltern Learning Trust and the Chartered College of Teaching – aim to boost staff confidence in [...]
WeTransfer forced to clarify AI data policy after user backlash July 16, 2025 Dutch file-sharing platform WeTransfer has walked back controversial language in its terms of service after online backlash over its potential use of artificial intelligence on user files. The company confirmed it does not use customer-uploaded content to train AI models, nor does it sell or share user data with third parties. The clarification came after [...]
AI disrupts UK hiring for tech and entry level roles July 14, 2025 UK employers are significantly scaling back hiring roles at risk of being disrupted by artificial intelligence (AI), adding signs of a broader labour market slowdown. New data from McKinsey & Co revealed that online job postings fell 31 per cent in the three months to May, compared with the same period in 2022. Yet the [...]
BT powers ahead as UK tech services offer rare growth signal July 11, 2025 BT Group has become one of the standout performers of the FTSE 100 this year, with its share price climbing over 34 per cent since January, and hitting a near five-year high. The telecoms and broadband giant is being closely watched as it ramps up fibre roll-out, explores strategic moves around its Openreach infrastructure arm, [...]
Nvidia and Bitcoin dodge Trump’s tech tariff effects July 10, 2025 Two of the world’s most-watched assets – Nvidia and Bitcoin – have surged to fresh highs this week, defying growing uncertainty around president Trump’s latest wave of tariff threats aimed squarely at the tech industry. Nvidia on Wednesday became the world’s first company to hit a $4tr (£2.9tr) valuation, cementing its role as the bellwether [...]
Peter Kyle hits back at claims Labour is too close to Big Tech July 9, 2025 Tech secretary Peter Kyle has hit back at criticism that the Labour government is cosying up to Big Tech, insisting he’s “doing the job” by securing the best deals for Britain. Speaking at a Google Cloud event in London on Tuesday, Kyle addressed recent reports flagging the number of meetings he’s had with US tech [...]
London firms turn to hiring part time workers July 9, 2025 Businesses across London have turned to hiring more part-time workers ahead of a hot summer, with higher employment taxes prompting owners to offer more flexible work. A new survey by the London Chamber of Commerce and Industry (LCCI) has found that the capital city’s economy was in recovery mode, with sales rising and cash flows [...]
OpenAI’s security crackdown signals new AI battle July 8, 2025 Silicon Valley’s $300bn crown jewel, OpenAI, is shifting focus from building artificial intelligence to protecting it. OpenAI, the maker of ChatGPT and arguably the most scrutinised name in AI, has imposed a sweeping internal lockdown. From biometric fingerprint scans, to offline ‘tented’ R&D zones, the San Fransisco-based firm is tightening security across the board amid [...]