Space X bumps back to earth as analysts slash value June 3, 2026 Morningstar analysts have valued Space X at $780bn (£579.9bn), a figure less than half of what the company is reportedly aiming for in its upcoming initial public offering. The valuation comes roughly 48 per cent below its private market valuation, with Elon Musk’s company looking for a valuation between $1.7 trillion and $2 trillion. The [...]
Space X to allow British investors to buy into blockbuster IPO June 2, 2026 British investors will be able to buy into Space X’s mega IPO, as the space technology company looks to strip back listing rules as it prepares to go public later this month. The company is anticipated to price its blockbuster initial public offering on the Nasdaq later this month, with the company targeting a valuation [...]
Google taps markets for $30bn AI cash call June 2, 2026 Alphabet will raise up to $80bn (£59bn) from investors to fund its AI expansion, marking one of the largest equity fundraisings in history and a major shift for a company that has traditionally relied on its vast cash generation to finance growth. The Google parent said on Monday it would use the proceeds to expand [...]
‘Clients pay for expertise, not process’ – Grant Thornton rolls out Anthropic AI June 2, 2026 Professional services giant Grant Thornton is rolling out Anthropic across its entire UK workforce as the firm seeks to embed AI in its services at a time when the technology is upending the industry. The accountancy firm’s UK arm said it will roll out Anthropic’s generative AI service, Claude, to all partners across its audit, [...]
Anthropic files for IPO as race with OpenAI heats up June 1, 2026 Anthropic has confidentially filed for a US stock market listing, setting up what could become one of the biggest technology IPOs in history and intensifying its rivalry with OpenAI. The Claude maker confirmed on Monday that it had submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission, giving the company [...]
Three UK cities make world’s 10 ‘smartest’ tech hubs – and Oxford is higher than Silicon Valley May 28, 2026 London, Oxford and Cambridge are among the 10 most vibrant tech centres in the world, according to a closely watched study which found that Singapore had leapfrogged both Zurich and London to clinch top spot. The two university towns both climbed up the rankings of Z/Yen’s Smart Centres Index, making Britain the only country to [...]
London AI jobs boom as Anthropic salaries hit £630k May 26, 2026 London’s AI hiring race is accelerating at dizzying rates, with Anthropic offering some engineers in the capital as much as £630,000 a year as Big Tech firms battle for AI talent. The US AI giant, backed by Amazon and best known for its chatbot Claude, is currently hiring for over 40 London roles as it [...]
SpaceX IPO puts Musk’s AI empire – and ambitions – in the spotlight May 21, 2026 SpaceX has finally opened its books to public markets, revealing a company generating tens of billions in revenue, burning through cash at an extraordinary speed and betting its future on AI as much as rockets. The long-awaited Nasdaq float, expected next month, could value Elon Musk’s space and AI empire at as much as $1.75 [...]
Claude was the nice guy of AI – what changed? May 20, 2026 The narrative around Anthropic’s Claude, initially perceived as the “ethical AI company,” has recently shifted due to concerns over perceived hypocrisy, aggressive ambition, model degradation, platform restrictions, and vendor lock-in risk, causing customers and developers to seek alternatives, says Lewis Liu “You really feel like Claude is a real person that you are interacting with [...]
Bank of England’s Breeden: Digital gilt will bring down borrowing costs May 20, 2026 The Bank of England’s plans to help launch a digital gilt will make Britain’s sovereign debt more appealing to a wider pool of investors and help bring down government borrowing costs, its deputy governor has said. Speaking to CityAM at the City Week conference, Sarah Breeden hailed the central bank’s efforts to help the [...]