Nick Clegg warns AI valuations are “crackers” and unsustainable, predicting a market correction as investors question the industry’s long-term returns.
Category: AI
Artificial intelligence coverage with the Business Matters filter: not the hype cycle, but what AI adoption actually looks like inside UK firms – the tools, the costs, the failures, and the regulation heading down the track.
Innovate UK unveils £1m Agentic AI Prize to accelerate breakthroughs in manufacturing, health and creative sectors
Innovate UK launches £1m Agentic AI Pioneers Prize to drive innovation across manufacturing, health and creative sectors, with cash awards and expert mentorship.
London AI recruitment startup Jack & Jill raises $20 Million seed round
London-based AI recruiter Jack & Jill has raised $20 million in seed funding led by Creandum to expand in Europe and the US. The startup uses conversational AI agents to transform how candidates and companies find perfect matches.
Groundbreaking use of AI delivers major efficiency gains across UK government
A government-built AI tool has slashed consultation analysis times from weeks to hours, saving taxpayers millions and freeing civil servants for frontline work. The system, part of the “Humphrey” suite, could save £20m annually through automation.
Digital 2026: internet users pass 6 Billion as AI and social media reach new milestones
Meltwater and We Are Social’s Digital 2026 report shows social media now reaches 68.7% of the world, over one billion people use AI monthly, and digital ad spend tops $1 trillion — signalling a new era for global marketing.
Major new UK–EU partnership to boost AI adoption and economic growth
The University of Edinburgh’s EPCC has secured €10m to launch the UK AI Factory Antenna, a major UK–EU project to accelerate AI adoption in science, business and public services and strengthen European research collaboration.
VRFY Solutions raises £200,000 to transform policing with secure AI transcription that cuts admin time by 80%
VRFY Solutions has raised £200,000 to deploy its secure AI transcription platform across UK police forces, cutting admin time by 80% and reducing PTSD-linked workloads, with plans to expand into the NHS and other critical sectors.
November Budget: “Get AI wrong and the Treasury will engineer its own fiscal collapse”
Economists and AI experts warn the government that its heavy reliance on income tax could trigger a “fiscal collapse” if automation continues to replace human workers without urgent reform to how AI-driven wealth is taxed.
Lloyds puts CEO and top bosses through six-month AI bootcamp
Lloyds Banking Group is sending CEO Charlie Nunn and 300 senior leaders through a six-month Cambridge-designed AI bootcamp as part of its push to make artificial intelligence central to its banking and digital strategy.
UK falling behind in AI adoption, warns Google Europe chief
Google’s Europe president Debbie Weinstein warns that UK small businesses are missing out on AI’s productivity potential, with research showing tools could boost efficiency by 20% and unlock £200 billion in extra economic value by 2030.
Gemini orders new Siemens trains as Uber-backed start-up takes aim at Eurostar
Uber-backed start-up Gemini Trains has ordered ten new Siemens Velaro Novo high-speed trains as it gears up to rival Eurostar on cross-Channel routes to Paris, Brussels and Cologne — with services expected to launch later this decade.
JPMorgan Chase named world’s most AI-advanced bank for third consecutive year
JPMorgan Chase has been named the world’s most AI-advanced bank for a third year running, leading the 2025 Evident AI Index. UK lenders HSBC and Lloyds improved their positions but continue to trail US rivals on AI talent.
NetSuite & BILL partner to accelerate AI-powered accounts payable automation
Oracle NetSuite has teamed up with BILL to streamline accounts payable through AI-powered payment automation. The partnership helps US businesses make faster, more secure, and flexible payments directly within NetSuite’s cloud ERP system.
Oracle NetSuite launches NetSuite Next with embedded conversational AI and agentic workflows
Oracle NetSuite has unveiled NetSuite Next, its next-generation AI-powered ERP platform featuring conversational AI, agentic workflows, and natural language capabilities to help businesses automate tasks and uncover real-time insights.
AI accelerating growth in UK climate tech start-ups as adoption rate doubles national average
New research from Sustainable Ventures finds AI adoption among UK climate tech start-ups is nearly twice the national average, with investment in AI-driven ventures surging as hardware innovators risk being left behind.
