Microsoft ‘back on track’, whilst Meta spending leaves investors ‘nervous’ Tech Microsoft saw strong growth over the last quarter as demand for its AI products continued to climb, while Meta’s rising spending on AI overshadowed record sales and sent its shares lower. The two US tech giants reported quarterly results after the closing bell on Wednesday, offering investors a clear picture of whether billions of dollars [...]
AI reduces founders’ need for capital, says Revolut Business Tech AI is reducing the amount of capital startups need to build global businesses, shifting the battle for founders away from funding and towards which countries offer the best environment to scale, according to the head of Revolut Business. Speaking to Morning Wire, James Gibson said AI had dramatically lowered the cost of building and operating [...]
AI startup boss warns UK cannot become ‘dependent’ on overseas tech Tech UK AI infrastructure company Valarian has raised $50m (£37m) in fresh funding as its boss said countries should focus on controlling AI infrastructure rather than competing to build their own frontier models. The Series A round, led by Silicon Valley investor New Enterprise Associates (NEA), takes the London firm’s total funding to $70m and marks [...]
Non-compete clauses are restraining Britain’s talent market July 7, 2026 In the US, you can hire someone for a senior role and have them at their desk in a matter of weeks. Britain should ban non-compete clauses to enable the same.
HSBC bags £135m from former Silicon Valley Bank as job cuts push up restructuring bill June 24, 2026 The rescued UK wing of Silicon Valley Bank has paid another bumper dividend to HSBC as it racked up costs amid a sweeping restructure. HSBC Innovation Banking – the branding bestowed on the collapsed Silicon Valley Bank UK (SVBUK) – was taken over by Europe’s largest lender in March 2023 as ministers, regulators and banking [...]
Trump to reject UK plea over Anthropic ban as AI ‘kill switch’ fears grow June 16, 2026 The White House is poised to reject Keir Starmer’s attempt to restore British access to Anthropic’s most advanced AI models, in a move that has exposed how dependent the UK has become on a handful of American Big Techs. Downing Street has spent recent days lobbying Washington for an exemption after the Trump administration blocked [...]
Britain’s first sovereign AI model secures blue-chip backing as Starmer unveils £400m plan June 8, 2026 Sir Keir Starmer’s push to build sovereign British AI capability has won backing from some of the country’s biggest companies, with BT, HSBC, Lloyds, Natwest and BAE Systems joining plans to develop Britain’s first sovereign frontier AI model. British AI startup Cosine unveiled a coalition of major banks, defence contractors and infrastructure firms who had [...]
I’m an AI founder – here’s why I agree with the Pope about AI June 3, 2026 Pope Leo XIV’s has produced the most profound piece of writing on AI – critiquing how extreme capitalism uses AI to homogenize knowledge and concentrate power, says Lewis Liu When I was 18, I took a religious philosophy course as part of the core curriculum at Harvard. When we dove into the Tower of Babel, [...]
Salesforce tries to prove AI won’t kill software after brutal sector sell-off May 28, 2026 Salesforce beat Wall Street expectations on Wednesday evening, but the results did little to soothe investor fears that AI could reshape, and potentially undermine, the software industry. The Slack owner reported quarterly revenue of $11.1bn (£8.2bn) during the quarter, up 13 per cent from last year and ahead of analyst expectations, while earnings per share [...]
Londonmaxxing: Capital reclaims European tech crown as money floods into AI and fintech May 28, 2026 London has reclaimed its position as Europe’s leading tech spot, overtaking Paris after a sharp rise in AI investment and a renewed influx of global capital into its startup scene. New figures from Dealroom show London ranked fourth globally in its latest Global Tech Ecosystem Index, behind only Silicon Valley, New York and Boston, after [...]