Britain’s data centres are eating the grid – and we underestimated the damage May 14, 2026 UK data centre emissions forecasts have been revised upward 100-fold. London’s server farms already consume more power than all its households combined. So why did it take this long to do the maths? Data centres are consuming six per cent of all UK electricity, while government emissions forecasts have been revised upward by a factor [...]
Deliveroo takes on the high street in grocery push May 14, 2026 Deliveroo customers will soon be able to shop from multiple shops in a single order and add restaurant items after checkout, CityAM can reveal, as the Doordash-owned giant attempts to elbow in on the high street. The takeaway giant’s first new feature, called Bundles, allows users to order from up to three supermarket or [...]
Fractile lands $220m as ministers hail ‘vote of confidence’ in UK AI May 13, 2026 British AI chip startup Fractile has raised $220m (£165m) in fresh funding with the government pointing to the deal as evidence the UK can produce globally competitive AI infrastructure companies. The London-founded company, which is developing next-generation chips designed to speed up AI inference – the by which AI models generate responses – said the [...]
Cisco’s ‘record highs’ face AI earnings reality check May 13, 2026 Cisco is set to report its quarterly earnings after the bell on Wednesday, and Wall Street is looking for evidence that the software giant’s AI-fuelled rally still has legs. Investors expect the Silicon Valley group to post third-quarter revenue of roughly $15.56bn (£11.52bn), up from $14.15bn a year ago, with earnings per share forecast at [...]
Ticket tout bill branded as ‘not enough’ as Labour confirms crackdown May 13, 2026 After months of pressure from the music industry and furious fans, Labour has confirmed plans for a sweeping crackdown on ticket touting as part of Wednesday’s King’s Speech. But reforms may still be years away from becoming law. The draft Ticket Tout Ban Bill would make it illegal to resell tickets for live events above [...]
Atlassian AI chief: Firms still aren’t making AI ‘really productive’ May 13, 2026 Atlassian claims businesses are still struggling to turn the AI boom into real company-wide productivity gains, as the software giant pushes deeper into workplace automation with a new generation of AI agents. According to the software giant’s chief AI officer, Tamar Yehoshua, most companies have moved beyond simply experimenting with AI tools, yet many were [...]
AI’s biggest problem is that it is trained to ‘please you’, warns tech chief May 13, 2026 The biggest risk facing AI may be that it becomes too good at telling users what they want to hear. Anthony Goonetilleke, chief tech officer at software firm Amdocs, told CityAM businesses rushing to deploy AI are vastly underestimating a more subtle and potentially more dangerous problem emerging inside LLMs. “There’s another bucket I [...]
Google to teach small publishers how to use AI amid copyright row May 12, 2026 Google has launched an AI training programme for small publishers to teach them how to benefit from AI, as the technology continues to reshape how audiences access news. The announcement follows a similar scheme launched by the Mag Seven firm last year, which had targetted bigger players in the industry, with names like Tindle Newspapers [...]
Used EV sales soar as drivers look to curb fuel costs May 12, 2026 Second-hand electric car sales have hit record highs in the first three months of the year, as improving consumer confidence and rising fuel prices pushed more buyers toward used EVs. According to new figures from the Society of Motor Manuacturers and Traders (SMMT), just shy of 87,000 used battery EVs changed hands during that period [...]
Vodafone says UK merger is ‘ahead of plan’ as boss bets on mega multi-brand strategy May 12, 2026 Vodafone said it is “building momentum” as the telecoms behemoth pushes further into the British market following its £4.3bn VodafoneThree deal and signs of stabilisation in Germany. The FTSE 100 telecoms group reported better-than-expected annual revenue of €40.4bn (£35bn) for the year to March, up from €37.4bn last year. Meanwhile, pre-tax profit slipped slighty to [...]
