Elon Musk’s SpaceX has acquired xAI in a landmark deal that brings rockets, Starlink satellites, X and the Grok chatbot under one roof ahead of a potential blockbuster IPO later this year.
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.
House of Lords AI summit urges agentic AI to ‘rejuvenate’ UK economy
A House of Lords AI summit has called for wider adoption of agentic AI to boost UK productivity, support SMEs and address a looming skills gap across the economy.
Amazon in talks over $50bn investment in OpenAI as AI arms race accelerates
Amazon is in early talks to invest up to $50bn in OpenAI, as the ChatGPT maker seeks up to $100bn in funding at a valuation of around $830bn amid intense Big Tech competition.
Tesla axes Model S and X as revenues fall and focus shifts to AI and robotics
Tesla has reported its first annual revenue decline as it cuts the Model S and Model X, pivots manufacturing to humanoid robots and deepens investment in AI.
Lanarkshire named latest AI Growth Zone with 3,400 jobs and £8.2bn investment boost
Lanarkshire has been announced as Scotland’s first AI Growth Zone, creating more than 3,400 jobs and attracting £8.2bn in private investment alongside targeted cost-of-living support for local communities.
Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030
Science and Technology Secretary Liz Kendall has announced a new cross-government Future of Work Unit, a £27m TechLocal programme and plans to upskill 10 million workers in AI by 2030.
Rogo opens London office following $75 million Series C funding as AI demand surges across European finance
Financial AI platform Rogo has opened its first international office in London, backed by a $75m Series C round led by Sequoia Capital, as European banks accelerate AI adoption.
Scarlett Johansson and Cate Blanchett back campaign accusing AI firms of ‘theft’
Scarlett Johansson, Cate Blanchett and hundreds of creatives have backed a new campaign accusing AI companies of stealing copyrighted work and calling for mandatory licensing deals.
Government steps in with £25m investment to keep AI firms listed in London
The UK government has made its largest direct investment to date through the British Business Bank, backing AI firm Kraken Technologies as ministers seek to keep high-growth tech companies listing in London.
Amazon set to cut thousands more jobs as AI overhaul accelerates
Amazon is preparing a second major round of job cuts as it looks to shed around 30,000 roles, with artificial intelligence and organisational restructuring driving reductions across corporate teams.
Apple explores wearable ‘AI pin’ that could listen to conversations
Apple is developing a wearable AI pin equipped with microphones, speakers and cameras, as Big Tech races to create AI-powered devices that could challenge the smartphone.
Legal experts warn UK firms of rising AI risks in 2026 as regulation tightens
Legal experts warn UK businesses face growing legal and compliance risks from AI in 2026, including copyright disputes, hallucinations, data privacy breaches and rapidly evolving regulation.
Leeds startup raises £23m to push UK to the forefront of the AI chip race
Leeds-based startup Optalysys has raised £23m to commercialise its light-powered AI chips and expand into the US, aiming to position the UK as a leader in photonic computing.
Musk sues OpenAI and Microsoft for up to $134bn over ‘wrongful gains’
Elon Musk is seeking up to $134bn from OpenAI and Microsoft, claiming the AI giants profited unfairly from his early backing.
ChatGPT to carry adverts for some users as OpenAI searches for new revenue
OpenAI will trial adverts in ChatGPT for free users and a new $8-a-month tier, as it looks to boost revenue amid ongoing AI losses.
