The EU has regulated itself out of the AI race but the UK is still in the game June 16, 2026 After months of debate and final negotiations that stretched long into the night, EU officials were jubilant when, as 2023 came to a close, the European Parliament reached an agreement on what would become the EU’s AI Act; a sprawling legal framework designed to regulate artificial intelligence across all member states. The EU’s top officials [...]
Late payments costing UK economy £11bn as SMEs struggle to invest June 15, 2026 Late payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid, amid growing concerns over blocked cashflow across the economy. Research from Sage shared with Morning Wire found that 49 per cent of SME invoices are paid late, with businesses waiting an [...]
Fraud losses surge as scammers use AI to manipulate victims June 15, 2026 Fraud losses from people being tricked into transferring money to scammers surged by nearly a fifth last year, as criminals turn to AI to manipulate victims. More than half a billion was stolen in 2025 after artificial intelligence created a “lower barrier for entry” for criminals, according to UK Finance. Criminals managed to trick victims [...]
Elon Musk becomes world’s first trillionaire after SpaceX mega float June 13, 2026 Elon Musk is never far from the headlines and now the Tesla and X owner is making history once again after the blockbuster float of his SpaceX company has made him the world’s first ever paper trillionaire. The 54-year-old’s net worth was estimated at 982.6bn US dollars (£733bn) before the float, according to Forbes, which has swelled [...]
Trump ban on AI access to foreign users forces Anthropic to suspend models June 13, 2026 President Trump has banned non-American nationals from accessing Anthropic’s newest AI model, forcing the company to suspend the model for all users. Anthropic, which is the maker of Claude, said the US government cited national security for its banning order before it pulled Fable 5 and Mythos 5 from use. The decision has raised concern [...]
London Tech Week day five: A week that gave me confidence in the UK tech ecosystem June 12, 2026 From the office to the climate, the conversations at London Tech Week point in a clear direction: UK tech is moving from potential to deployment.
BGC boss warns tech giants over black market ads ahead of World Cup betting surge June 12, 2026 The boss of Britain’s gambling trade body has urged major tech platforms to crack down on illegal betting adverts ahead of what is expected to be the biggest World Cup for gambling in history. In an open letter seen by Morning Wire, Betting and Gaming Council (BGC) chief executive Grainne Hurst warned that black market [...]
When AI’s taken all the work, what will we all do? June 12, 2026 The possible abundances of the AI-powered future mean that our lives won't be nasty, brutish and short – but will they be devoid of meaning?
Don’t ask SpaceX for projections, reach for the stars June 12, 2026 Elon Musk can’t provide concrete figures showing how much money SpaceX will make from space tourism or asteroid mining because his horizons are lightyears away, says Rainer Zitelmann In 1949, 20 years before the first moon landing, the world-famous American science fiction author Robert A. Heinlein wrote the short story The Man Who Sold the [...]
KPMG report on AI found riddled with AI hallucinations June 12, 2026 A new probe into Big Four KPMG’s report on agentic AI found that the majority of its references were flawed, amid the latest news of AI-hallucinated reports published by professional services firms. The investigation, conducted by GPTZero, focused on KPMG’s October 2025 report, ‘Total Experience: Redefining Excellence in the Age of Agentic AI’, which summarises [...]