AI job cuts top 50,000 in 2026 as Snap, Oracle, Meta slash roles April 16, 2026 More than 50,000 tech jobs have been cut in 2026 as tech behemoths such as Snap, Oracle and Meta link layoffs to AI and a shift in spending towards AI infrastructure. Recent figures from Challenger, Gray & Christmas show over 52,000 roles were eliminated in the sector in the first quarter alone, with AI cited [...]
The Capitalist: Ian Mckellen goes off-script at Olivier Awards April 16, 2026 Dispatch from the Olivier Awards, Jeremy King and AI sermons; catch up on the latest gossip in this week's The Capitalist.
Starmer targets social media giants as Kendall faces AI legal threat April 16, 2026 Sir Keir Starmer has called senior executives from Snap, Tiktok, Snap and Meta into Downing Street, as ministers double crack down on Big Tech’s effects on child safety. The meeting comes as tech secretary Liz Kendall faces mounting scrutiny over the government’s use of AI in the same consultation process. Starmer will tell the firms [...]
PwC consulting overhaul reveals AI reckoning for the Big Four April 16, 2026 The influx of AI is putting the Big Four’s structures under strain, and cracks are beginning to appear in their consultancy divisions, argues senior reporter Maria Ward-Brennan. The industry is facing a storm of problems, including over-recruitment during the pandemic, low staff attrition rates due to economic issues, and a drop in fees as the [...]
Allica Bank goes ‘turbo’ on AI as profit and loan book swells April 15, 2026 Small business lender Allica Bank has revealed a major bump to its bottom line after the bank’s loan book ballooned over the last year. The neobank – which became one of the UK’s latest fintech unicorns this year – recorded a 23 per cent rise in pre-tax profit at £36.9m, compared to £29.9 million in [...]
Bank of England: Andrew Bailey warns AI models could ‘crack’ cyber systems April 15, 2026 Bank of England governor Andrew Bailey has warned that a new AI model designed by a Silicon Valley company could “crack” cybersecurity systems, adding that the the technology poses a continuous challenge for key institutions. Speaking at an event in New York, Bailey suggested Mythos Claude, which was created by Anthropic, presented a threat to [...]
PwC moves to unify global services as AI reshapes consulting sector April 14, 2026 Big Four firm PwC is drawing up a blueprint to standardise its consultancy services across its global business, as the sector faces mounting pressure from the rapid rise of AI. As businesses continue to invest in AI, the cracks in what this will mean for broader businesses are starting to show, with layoffs being blamed [...]
Quantum and AI drive UK startup funding to $7.8bn in 2026 April 14, 2026 UK startup funding jumped to $7.8bn (£6.2bn) in the first quarter of 2026, as a surge in quantum computing investment and mega-rounds powered the strongest start to a year since 2022. New data from HSBC Innovation Banking and Dealroom shows venture capital investment rose 60 per cent year on year, pointing to renewed confidence in [...]
London launches ‘world-first’ care AI lab to tackle NHS pressures April 14, 2026 A new AI lab focused on the care sector is being launched in London with government backing, as the UK looks to scale homegrown healthtech and turn NHS innovation into exportable products. Cera said it is making an eight-figure investment into the facility, which will bring together AI specialists and a cohort of “entrepreneurs in [...]
Apple UK posts £5bn turnover as iPhone boom offsets AI lag April 14, 2026 Apple UK racked up just shy of £5bn in turnover last year, as strong iPhone demand helped power growth across its British operations, according to newly filed accounts. The tech behemoth’s UK arm, based in Battersea Power Station, reported revenue of £4.99bn for the year to 28th September 2025, up from £4.7bn the year before, [...]