Can you trust AI to pick the best stocks? Analysis There have been a series of papers published recently that showed that large language models have their own biases when making investment recommendations. I have previously written about the kind of biases displayed, while this study has looked at the particular biases of different commonly used models. Fair enough, but what if I tell you [...]
As it happened: FTSE 100 loses steam; oil up as US considers Iran strikes FTSE 100 Live Welcome to City AM‘s FTSE 100 liveblog. It’s Friday morning and stocks are set to open higher. Oil prices are on the march this morning, up above $112 per barrel after dropping on Thursday afternoon. This follows news that a senior US commander has briefed Trump on his options for resuming its assault on Iran [...]
Blackmail, deception and extinction: The AI risks revealed in Anthropic’s IPO pitch AI The Claude maker has warned of catastrophic AI failures, enormous infrastructure costs, huge circular investments and limited shareholder rights, as analysts question whether this blockbuster listing can justify a $2 trillion valuation. Anthropic has devoted 92 pages of its IPO prospectus to risks ranging from the potential extinction of humanity to AI systems resisting shutdown, [...]
Good AI adoption should force junior lawyers to think harder October 27, 2026 AI has entered the legal world, but rather than making lawyers lazier, it should force them to think harder, writes Alex Fortescue-Webb.
Anthropic reveals $80bn loss as AI giant files for blockbuster IPO October 26, 2026 Anthropic has revealed an $80.7bn (£60bn) first-half loss as the AI giant filed for a blockbuster US stock market listing that could value the company at up to $2 trillion. The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its [...]
Lawyers warned they carry the can for juniors using AI October 22, 2026 Lawyers have been warned they remain accountable for supervising AI use within their law firm, particularly when junior employees are operating the technology. The Law Society, an independent body that represents solicitors in England and Wales, issued new guidance on Wednesday setting out the appropriate use of AI in legal work, meaning lawyers cannot blame [...]
Relx defies AI disruption fears as growth holds firm October 22, 2026 FTSE 100 data giant Rex has reported a jump in sales growth as demand for its AI-powered products continues to rise, defying fears that the technology could threaten its business. The London-listed group, which owns legal research platform Lexisnexis, said on Thursday that underlying revenue rose seven per cent in the first nine months of [...]
The AI endgame? Intelligence for the rich, slavery for the rest October 22, 2026 AI means “intelligence” is now directly correlated with how much money you can spend on compute. What does this mean for meritocracy?
Clearview AI fights £7.5m UK privacy fine over scraped web photos October 20, 2026 US tech firm Clearview AI is challenging a UK privacy watchdog ruling that found it breached GDPR rules by collecting and using images of UK residents scraped from the internet and social media. The Information Commissioner’s Office (ICO) imposed a £7.5m fine on the US-based tech company in May 2022 and asked it to delete UK residents’ [...]
India can help Britain get ahead on AI October 20, 2026 Brexit, whatever its faults, allows us to think big, and India makes a natural partner for Britain's AI goals, writes Brandon Lewis.