Markets
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Nvidia has revealed a major investment of up to £11 billion into the UK’s AI ecosystem. This project aims to create the largest GPU cluster in Europe by 2026, utilising 120,000 of Nvidia’s most recent Blackwell Ultra chips in new data centres.
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Microsoft will invest £22 billion in UK artificial intelligence. The plan includes a national AI supercomputer, expanded cloud infrastructure, and thousands of new processors, with the government forecasting more than 5,000 jobs and major regional growth in the North East of England.
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US court declines to rule on SEC climate disclosure rules. The U.S. Court of Appeals has refused the SEC’s request to rule on its climate disclosure regulations, requiring the agency to either reconsider the rules through standard procedures or defend them in court….
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UK inflation rate stayed at 3.8 per cent in August. Headline consumer prices were unchanged from July, while housing and food costs remained elevated, leaving the Bank of England under pressure as it weighs its next decision on interest rates.
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S&P Global Sustainable1 and Novata enhance collaboration for data solutions. The partnership aims to integrate Novata’s data management and carbon tools with S&P Global’s expertise to help companies manage climate risks, identify opportunities, and ensure regulatory compliance….
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Giant Ventures appoints Zenetta Burger as Partner in the U.S. Giant Ventures, a London-based venture capital firm focused on sustainability technology, has named Zenetta Burger as Partner to lead its U.S. operations. This appointment precedes the firm’s upcoming fund launches….
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Soluna Holdings secures $100 million credit facility for expansion. The funding from Generate Capital will support Soluna’s clean data centre projects, enabling the transformation of underutilised renewable energy into computing power. The initial draw will refinance existing projects….
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McDonald’s launches initiative to boost sustainable cattle farming practices. The Grassland Resilience and Conservation Initiative will invest over $200 million to enhance regenerative agriculture, habitat restoration, and water conservation across 4 million acres in the U.S. over seven years….
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SEON secures $80m Series C funding led by Sixth Street. The AI-driven fraud prevention platform, based in Budapest and Austin, serves clients like Revolut and Spotify. It aims to enhance fraud detection and compliance amidst rising regulatory pressures.
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UK labour market cools as payrolls fall and wage growth slows. The Office for National Statistics reports an 8,000 drop in payroll employment in August, with wage growth also decelerating. Unemployment remains steady, but vacancies continue to decline.