ChatGPT maker OpenAI has signed a multibillion-dollar deal with AMD to buy 6GW of AI processors over five years, in a move set to challenge Nvidia’s supremacy and reshape the global AI chip race.
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.
Department for Education ramps up AI and data training as part of UK government digital skills drive
The Department for Education has spent over £170,000 on AI, data and digital training in three years as 70% of UK government bodies pilot or plan to use artificial intelligence.
Healsgood AI raises £2.5m to scale NHS cost-saving platform Flexzo AI, bringing seed funding to £5m
Healsgood AI, trading as Flexzo AI, secures £2.5m from Octopus Ventures to accelerate NHS roll-out of its workforce management platform, taking total seed funding to £5m in 12 months.
OpenAI surpasses SpaceX with $500bn valuation after $6.6bn share sale
ChatGPT maker OpenAI has overtaken Elon Musk’s SpaceX as the world’s most valuable startup, hitting a $500bn valuation after employees sold $6.6bn of shares to major global investors.
MIT report: 95% of corporate generative AI pilots are failing
A new MIT report finds that 95% of corporate generative AI pilots are failing to show measurable business impact, as most companies struggle with integration and misallocate resources — widening the gap with agile startups.
Artificial Intelligence, real change: How small businesses can harness AI for growth
New research shows nearly a third of UK SMEs already use AI tools, with more set to follow. From Microsoft Copilot to cybersecurity, here’s how small firms can use AI responsibly to drive growth.
Willo raises £3M to launch ‘blue tick’ verification for job candidates amid AI hiring surge
Cybersecurity legend Peter Bauer backs Glasgow recruitment platform in record investment round
Yahoo boss warns: AI is a ‘threat to publishers’ very existence’ as copyright battle heats up
Yahoo CEO Jim Lanzone warns AI poses an “existential threat” to publishers, accusing tech firms of pilfering content without consent as copyright lawsuits mount.
Crypto entrepreneur raises £750m for Britain’s biggest AI data centre
Crypto entrepreneur Josh Payne’s start-up Nscale secures £750m from Nvidia, Nokia and Aker to build the UK’s biggest AI data centre despite no track record.
AI data centres to swallow 10% of global power surge — with US demand soaring to 40% by 2035, warns BP
BP warns AI data centres could consume 10% of global electricity growth by 2035 — with US demand hitting 40% — in its new World Energy Outlook.
Nvidia to invest $100bn in OpenAI, cementing landmark AI partnership
Nvidia will invest up to $100bn in OpenAI and supply its data centre chips from 2026, in a landmark partnership between two of the world’s AI leaders.
British firms ‘falling behind global rivals’ in adopting AI, warns government adviser
Matt Clifford, architect of the UK’s AI action plan, warns that British firms risk losing ground to global competitors as AI adoption lags across key sectors.
Precision Banking: How AI is Empowering SMEs to Make Smarter Financial Decisions
Nicki Bull Bisgaard, Group Chairman of PayTech Group, has long advocated for the use of technology to enhance business financial management. Nowadays, small, and medium-sized enterprises (SMEs) face unprecedented challenges.
Octopus Energy spins off Kraken as $500m AI platform targets 1bn users
Octopus Energy has spun off its AI-powered tech arm Kraken, now serving 70m accounts worldwide with $500m annual revenues. The move will fast-track global growth and boost the energy transition.
What is Stargate UK? Britain’s new AI supercomputer project explained
When ministers and tech executives hailed Microsoft’s £22 billion UK investment package, one project stood out from the dense jargon of “compute capacity” and “data infrastructure”: Stargate UK.
