Reeves AI push risks outpacing delivery, industry warns March 17, 2026 Rachel Reeves’s attempt to put AI at the centre of the UK’s growth strategy has drawn a broadly positive response from business, yet also exposed a series of gaps that could limit how quickly that ambition translates into real economic gains. In her Mais Lecture, the chancellor will pledge to deliver the “fastest AI adoption [...]
Is AI the future of work? March 17, 2026 Technology leaders say artificial intelligence (AI) is the future of work, but the reality for business leaders is more complicated. The world of work is clearly moving in this direction, as the government recently announced plans to offer free training to British adults on how to effectively use AI in their work. But researchers have [...]
Reeves vows UK will ‘beat G7 at AI adoption’ as she searches for growth agenda March 16, 2026 Chancellor Rachel Reeves will promise that the UK will beat G7 counterparts in adopting AI over the coming years with fresh investment set to focus on quantum computing and researchers specialising in healthcare, clean energy and national security. In a speech on Tuesday afternoon, Reeves is expected to set out the government’s AI ambitions to [...]
Bank of England: We can’t eliminate bias in AI March 16, 2026 A top boss at the Bank of England has warned the use of artificial intelligence programs will never be bias-free and instead users must be aware of the risk. Jem Davis, chief compliance officer at the Bank of England, said: “My view is you’re probably not going to be able to eliminate bias completely, but [...]
UK banking sector faces ‘AI-washing’ legal warning March 16, 2026 The UK’s banking sector is facing a new wave of regulatory AI warnings as bullish lenders race to rapidly beef up their tech capacity. Rosehana Amin, cyber and litigation partner at Clyde & Co LLP, warned banks may face a significant legal liability over misleading markets over their use of AI. Speaking at the City [...]
HPE leans on Juniper deal as AI drives demand for faster networks March 12, 2026 Hewlett Packard Enterprise (HPE) is trying to prove that its $14bn (£10.45bn) takeover of Juniper Networks is already translating into momentum in one of the most competitive corners of the AI infrastructure market. Speaking at Mobile World Congress (MWC) in Barcelona, Rami Rahim, the former Juniper chief executive who now runs HPE’s networking business, told [...]
Shawbrook shares dive after profit jump on bullish AI plans March 12, 2026 Shawbrook Bank reported a jump in profit for the last year in its first set of first set of financial results since its landmark IPO in October. The London-listed bank reported a pre-tax profit of £340.5m, up from £293.8m the year prior as costs tumbled and the group’s loan book swelled. Still, the firm’s shares [...]
Is the City still sexy? March 12, 2026 The era of the long boozy lunch and male dominated pints down the pub may be over, but relationships matter more than ever in the Square Mile, says Eva sayers Over glasses of red and lunch at The Quality Chop House (not recommended for vegetarians, like myself), a broker who’s been working in the City [...]
Samsung bets on AI tools to win over stressed City workers March 12, 2026 Samsung is pitching its new Galaxy S26 range as a productivity tool for professionals who increasingly rely on one device to manage work, travel and everyday admin. The company has unveiled the S26 series, with UK vice president of product and marketing Annika Bizon describing the launch as a major step forward on hardware and [...]
JP Morgan marks down private credit loans amid AI jitters March 11, 2026 JP Morgan has marked down the value of specific loans held by private-credit groups, tightening its grip on the sector as boss Jamie Dimon warns of a looming AI reckoning. The bank’s move specifically targets software companies, which it now views as highly vulnerable to being replaced by artificial intelligence. By devaluing these assets, JP [...]