OpenAI is in talks to hand the US government a 5% stake worth $43bn as Sam Altman courts the Trump administration ahead of a $1tn New York flotation.
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.
Reframing AI adoption for long-term growth rather than short-term savings
Artificial intelligence is transforming every aspect of business. But the value organisations gain from it will depend less on how quickly they adopt new tools and more on whether they use AI to support long-term strategy, growth and resilience.
Anthropic accuses Alibaba of “illicitly” extracting its Claude AI in record distillation attack
Anthropic has told US lawmakers that Alibaba-linked operators ran 29 million exchanges across 25,000 fake accounts to “illicitly” extract its Claude AI model.
Apple lifts iPad and MacBook prices by up to 25% as AI memory crunch bites
Apple has lifted iPad and MacBook prices by as much as 25% after warning it can no longer absorb the soaring cost of memory chips driven by the AI data centre boom.
Oxford and UCL to lead £60m drive to make AI cheaper for British business
Oxford and UCL will share up to £60m in government funding to develop open-source, lower-cost AI that more UK businesses and public services can actually afford to run.
Oracle sheds 21,000 jobs in a year as AI rewrites the payroll
Oracle has shed about 21,000 jobs in a year, blaming AI deployment across its operations, as restructuring costs jump to $1.8bn. What it means for tech hiring.
Silicon Valley money lands on British AI certifier as John Doerr backs isometric
Silicon Valley billionaire John Doerr has written the second-biggest cheque in a $40m round for Isometric, the London AI certification firm founded by an Onfido co-founder.
Getty opens its archive to ChatGPT as OpenAI deal sends shares soaring
Getty Images has signed a multi-year licensing deal with OpenAI to bring its photographs into ChatGPT, sending shares up as much as 108 per cent. Here is what the agreement means.
Natwest to school all 60,000 staff in the ethics of AI
NatWest is putting all 60,000 staff through AI ethics training via a University of Edinburgh tie-up as chief executive Paul Thwaite pushes to lead UK banking’s race to automate.
Can AI chatbots really pick stock market winners?
ChatGPT, Claude and Grok are now being put to work picking shares. From a $10,000 trading test to Man Group’s dealing desk, can AI really beat Wall Street?
Bezos bets on Cambridge as Cuspai’s AI materials hunt hits $2.6bn
Jeff Bezos has backed Cambridge materials-discovery start-up CuspAI through Bezos Expeditions, in a $400m round that lifts its valuation to $2.6bn.
Cohere triples its London base to cash in on Britain’s sovereign AI bet
Canadian AI firm Cohere is tripling its London office at 100 New Oxford Street, betting on surging UK government and enterprise demand for sovereign AI.
Cut off from the world’s most powerful AI, Britain leans on Trump for a way back in
Downing Street is lobbying the White House for a UK carve-out after Donald Trump banned foreign access to Anthropic’s most advanced Claude models, citing security risks.
Beyond the hype: what do British businesses really make of AI?
As MPs launch an inquiry into AI and the future of work, Business Matters asks what British firms really gain from artificial intelligence, and what is holding smaller businesses back.
Trustap raises $10m to become the payment layer AI shopping agents can trust
Irish fintech Trustap has raised $10m led by Aperture Capital to launch Trustap Index, making marketplace listings discoverable and transactable by AI shopping agents.
