IMF boss warns on AI ‘tax erosion’ if jobs are wiped out Economics The head of the International Monetary Fund has warned financial ministers that widespread AI adoption could erode tax bases across the world as incomes are squeezed by the technology. Kristalina Georgieva, the managing director of the IMF, said governments may be ill-prepared for a potential slump in tax revenue brought on by AI’s impact on [...]
Nvidia’s $250m UK AI bet sparks warning over ‘foreign dependence’ Tech Nvidia’s $250m investment in the UK’s AI safety research risks deepening the country’s dependence on American tech unless ministers ensure researchers retain control over safety standards, analysts have warned. The world’s most valuable company has pledged $50m a year in computing power over five years to support British research into autonomous AI agents, alongside plans [...]
Salesforce offers free AI tools to UK students as graduate job market lags Tech As UK graduate vacancies hit their lowest level since 2020, Salesforce is offering free AI tools to six million students to help them meet employers’ growing demand for artificial intelligence skills. The US tech giant announced the scheme on Thursday, giving universities and colleges access to its workplace platform Slack and AI tools to help [...]
British firms reshape workforce for AI amid staff resistance to office return October 15, 2026 Top bosses at British businesses have said lingering resistance to returning to the office remains a challenge, as City firms focus on redesigning roles to support human-AI collaboration. According to KPMG’s 2026 global CEO outlook, investment in AI remains a top priority for global business leaders, as most British bosses (87 per cent) expect to [...]
City lawyers say GPU financing is the new data centre gold rush October 14, 2026 As AI drives demand for larger data centres, lenders are increasingly financing the costly Graphics Processing Units (GPUs) inside them, which can cost almost as much as the buildings themselves. Data suggests that since the generative AI boom took off in 2023, global investment in GPUs and AI chip infrastructure has been staggering, with figures [...]
Team GB Olympic medallist raises £5m to make health tech as common as iPhone October 14, 2026 Olympic medallist turned health tech entrepreneur Andrew Steele has raised nearly £5m ahead of the US launch of his latest venture, Stride. Steele – part of the Team GB 4 x 400m relay squad awarded bronze in Beijing 2008 – co-founded genetic testing firm DNAfit and sold it to David Beckham-backed global giant Prenetics for [...]
Meta challenges Ofcom in court for ‘acting irrationally’ in fine and fee pricing October 13, 2026 Meta has challenged the UK regulator in court over how it calculates fees and fines under the UK’s online safety law, as it argued the methods are disproportionate and unlawful. The tech giant has questioned the media regulator, Ofcom, over its definition of ‘qualifying worldwide revenue’, which it uses to calculate financial penalties and fees [...]
We should be AI optimists, says Bank of England deputy October 12, 2026 A top Bank of England official has called for optimism around artificial intelligence and said leveraging the tech is the “best pathway” to securing economic growth. Sarah Breeden, deputy governor for financial stability at the central bank, said the UK needs to “think ahead” on the future use cases of AI for “how we might [...]
Palantir’s Tom Watson warns Labour against ‘mob rule’ on procurement October 9, 2026 Former Labour deputy leader and top Palantir executive Tom Watson has warned his party could face “trouble” if they bow to “mob rule” on procurement procedures. Lord Watson, who became a senior vice president at the US tech giant in September, said Palantir is “very targeted by the people that are targeting Israeli companies”. Watson [...]
Google DeepMind’s London AI drug spinout eyes $50bn valuation October 8, 2026 London-based AI drug discovery firm, Isomorphic Labs, is reportedly seeking a valuation of up to $50bn (£37bn) in fresh funding talks, just five months after raising $2.1bn from investors. The Google DeepMind spinout, led by Nobel Prize-winning scientist Sir Demis Hassabis, is in early discussions to raise new capital at a valuation of at least [...]