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AI investment may raise inflation before productivity gains arrive. Research involving incoming IMF chief economist Silvana Tenreyro highlights the demand and infrastructure pressures created during large-scale technology adoption.
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London startup Callosum has raised $100m for AI infrastructure. Atomico led the seed round, with Britain’s Sovereign AI fund also backing the company’s compute-orchestration technology.
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Major banks are adopting specialist AI for currency forecasting. Ant International says its upgraded model can improve liquidity decisions and materially reduce foreign-exchange hedging and allocation costs.
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Lee Rorison built Seriös Group to rethink enterprise data delivery. His model centres on faster outcomes, stronger foundations, and scaling a Newcastle consultancy around Seriös ONE.
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Oxford Nanopore narrowed losses while lifting margins during first-half trading. Revenue reached £116.7m as the sequencing technology company maintained its target for adjusted EBITDA breakeven in 2027.
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UK businesses report AI creating jobs while skills investment rises. Lloyds research finds 54% say AI has generated new roles, while 58% plan to increase workforce training spending over the next year.
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Enterprise AI spending is rising faster than organisational readiness worldwide. Alteryx research finds 53% of technology leaders struggle to translate business context into AI workflows, while only 18% report fully self-service cloud-data access.
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UK satellite funding is targeting persistent connectivity gaps across industries. Sixteen projects will share £13m for rail broadband, agricultural sensors, optical communications, ground infrastructure, and other next-generation satellite technologies.
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Lanarkshire’s AI infrastructure build has secured a £300m financing package. A £202m National Wealth Fund guarantee is supporting DataVita’s expansion, while Dell Technologies will establish its Scottish team at the developing AI Innovation Park.
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Starling has published an open architecture for governed organisational memory. Universal Cognitive Architecture separates company knowledge from individual AI models and is being released as a free Creative Commons standard.