Arm’s AI ambitions hit supply chain reality despite record revenues May 8, 2026 Computing giant Arm has spent the last twelve months posing as one of the AI boom’s biggest beneficiaries, but the British chip maker’s latest results exposed that the semiconductor supply chain is lagging behind demand. The Cambridge-born company posted record quarterly revenues of $1.49bn (£1.09bn) and annual revenues of $4.92bn on Wednesday, marking its third [...]
IMF warns AI cyberattacks could trigger global financial crisis May 8, 2026 Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new generation of threats. In their new report, the IMF said extreme cyber incidents could spark liquidity pressures and solvency concerns across banks and financial institutions. The lender warned [...]
Samsung workers threaten strike over AI profits as market value hits $1 trillion May 7, 2026 Samsung Electronics is facing the threat of a major worker walkout, after unions demanded a bigger share of the company’s AI-fuelled semiconductor profits. Two Samsung unions are pushing for a seven per cent pay rise and a bonus scheme worth 15 per cent of each division’s operating profits, with workers threatening an 18-day strike later [...]
Britain is using AI, but wants a human boss May 6, 2026 Brits are rapidly folding AI into everyday life, but remain wary of letting it make decisions on its own, according to new EY research that points to a trust problem at the heart of the UK’s AI push. EY’s AI recent sentiment index found 74 per cent of UK consumers have used AI in the [...]
Big Tech wants a slice of the fashion world. But why? May 6, 2026 From Amazon to Meta, Big Tech is snapping up Met Gala tables and Vogue covers, but why, asks Anna Moloney.
Exclusive: Deliveroo software engineers hand coding to AI agents May 6, 2026 Deliveroo software engineers are almost fully letting AI agents write their code, with one employee telling CityAM they have barely coded manually for almost a year as the food delivery giant embraces ‘agentic’ workflows. The London-listed firm is among a growing number of tech firms rapidly evolving software engineering roles around AI, as developers [...]
UK businesses struggle with triple threat of costs, cyber risks and stagnant growth May 6, 2026 The UK consulting sector is expected to grow by nearly 6 per cent this year, amid businesses facing ‘intensifying pressure’ from cost management, cyber security risks, and budget constraints. The Management Consultancies Association (MCA), which represents the consulting sector, has released a new report stating that heightened costs and strapped budgets are “the single biggest concern” for [...]
Fermi rebuffs ousted chief’s bid to regain control of board May 6, 2026 Fermi has rebuffed a bid from its ousted chief executive to wrest back control of the data-centre giant by gaining a seat on its board. In a stock exchange filing on Wednesday, the embattled London-listed group accused its defenestrated co-founder, Toby Neugebauer, of trying to pack its board with apparatchiks to regain the reigns at [...]
Forvis Mazars UK CEO: We have what others are trying to buy May 6, 2026 Forvis Mazars UK boss tells Maria Ward-Brennan that the firm’s integrated, global structure is what competitors are now trying to acquire through mergers and investments Forvis Mazars has built an integrated firm from the ground up, something others are now trying to purchase, says its UK chief executive, who added that building integration from scratch [...]
Fractile vs Nvidia: can a UK startup undercut AI’s chip darling? May 6, 2026 A little-known British startup is beginning to test one of the biggest assumptions underpinning the AI boom: that Nvidia will remain the unavoidable centre of the ecosystem. Founded in 2022 by Oxford researcher Walter Goodwin, Fractile is attempting to redesign how AI chips work altogether, with a focus on speed and – crucially – cost. [...]