UK outperforms US in creating unicorns from early stage VC investment October 9, 2025 The UK has created nearly three times as many unicorns than the US per dollar in early stage venture capital (VC) investment in the past decade, highlighting its attractiveness as an investment destination. According to analysis from venture-building firm IMS Digital Ventures, the UK has converted $18.5bn (£13.8bn) of early stage investment into 57 successful [...]
Anthropic: UK staff get eye-watering sums at AI giant October 9, 2025 US AI giant Anthropic is paying its UK staff eye-watering financial packages as it attempts to build a foothold in this country. The business, which only launched in the UK at the start of 2023, increased its headcount from six to 43 in 2024 while its staff costs rocketed from £3.6m to £24m. Its wage [...]
The FCA’s refusal to regulate AI is pushing the problem onto City firms October 9, 2025 The FCA claims it does not regulate technology, only outcomes, but this line of thinking can only go so far with AI, writes Omar Salem.
Bank of England sounds alarm on ‘high risk’ AI bubble October 8, 2025 The Bank of England has warned of the potential for a “sharp correction” in global markets due to the “stretched” stock valuations from the artificial intelligence (AI) boom. The central bank’s Financial Policy Committee has warned a crash in the roaring value of US tech giants could spark trouble overseas. “A crystallisation of such global [...]
AI made this London Film Festival movie about love and loss October 6, 2025 Amid waves of criticism against AI, one film at London Film Festival 2025 has been proudly harnessing artificial intelligence. Memory of Princess Mumbi is set in a retro-futuristic Africa in 2093, and much of the landscapes and scenic shots have been developed using AI. Although the filmmaker Damien Hauser’s intentions were to “make a movie [...]
Close Brothers looks to ‘accelerate’ after ‘messy’ year October 1, 2025 Close Brothers is hoping to switch gears and “accelerate” after the motor finance scandal had the bank stuck in a rut. The specialist lender’s share price has swerved between a low of 185.00 and peak of 555.00 over the last 12 months. The car misselling saga has been the driving force of stock woes, sending [...]
Tax hikes push firms to automate jobs, says top UK recruiter October 1, 2025 Tax hikes and wage pressures are putting Brits at risk of losing roles to automation and offshoring, a top UK recruitment firm has warned. Hays has warned Britain is becoming “unattractive to hire people permanently” as employer costs mounted over the last year. “Wage pressures and national insurance changes are pushing employers to explore automation [...]
Why graduates face a brutal jobs market September 26, 2025 While students flung mortar boards in the air after receiving their degrees, not everyone had cause to celebrate. Graduation was supposed to be the golden ticket to a dream career: get a good degree at a good university, and jobs at professional service firms, banks and consultancies would be there for the taking. For many [...]
Is Britain open for business or not? September 25, 2025 Britain’s tax rate is neutral at best when it comes to attracting investment, and as international competitors up their game, we may need to go further just to stand still, says Tim Sarson How attractive is the UK as a place to invest? It’s confusing, isn’t it? In the last few weeks we’ve had a [...]
Nvidia-OpenAI deal raises questions over how sustainable the AI boom is September 23, 2025 Nvidia and OpenAI have unveiled what they call the largest AI infrastructure project in history, a partnership to deploy 10 gigawatts of data centres powered by millions of Nvidia’s advanced chips. The deal could see Nvidia invest up to $100bn (£73.99bn) in Sam Altman’s company, even as OpenAI spends billions of dollars buying those very [...]