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UK contactless payment caps end nationwide on 19 March 2026. Banks can set their own limits, but must prove risk controls. With the blunt backstop gone, fraud monitoring, real-time analytics, and customer settings will matter more — and larger institutions may move first while others keep £100 until systems mature.
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New IBM Threat Intelligence report highlights AI-assisted attacks on corporate networks. The report observes a 44% rise in assaults launched by breaching internet-facing infrastructures, including public websites and online services.
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Gucci faces backlash for using AI images at Milan show. The Italian luxury brand’s use of AI-generated visuals for Milan fashion week has sparked criticism over concerns about its impact on craftsmanship and heritage.
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Basware is expanding InvoiceAI with agentic tools for accounts payable. The company says new agents in its invoice lifecycle management platform will automate supplier disputes and help AP teams resolve payment queries, as finance leaders report rising pressure to show measurable AI returns.
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WiseTech will cut 2,000 jobs as AI reshapes operations globally. The Australian logistics software group says roles will go over FY26 and FY27, with product and development and customer service teams reduced by up to 50%. The plan follows an earnings update and an accelerated AI transformation programme.
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Meta agrees multi-billion-dollar deal for AMD AI computing power. Meta has committed to a significant investment in AMD’s AI computing capabilities, potentially acquiring a 10% stake in the chipmaker. The agreement highlights Meta’s ambitious AI infrastructure expansion plans.
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Sole traders spend 27 hours yearly on tax admin. With Making Tax Digital approaching, Monzo Business has launched a free built-in tax tool to help sole traders and landlords meet new HMRC requirements, as research shows many remain underprepared and lose significant working time to compliance tasks.
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AWS disputes claims its AI tools caused December outages report. The Financial Times said engineers let Amazon’s Kiro agent make production changes that led to a 13-hour disruption. AWS says misconfigured access controls — not AI — affected one service in a mainland China region during the busy holiday period.
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UK SMEs are leaning on AI, and disputes are rising. A dispute resolution lawyer says ‘almost right’ outputs and jurisdictional blind spots can harden positions and inflate costs.
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Audion has launched Audion AI to optimise digital audio campaigns. The company says the agent turns a brief into multi-platform media plans, spanning streaming, podcasts, digital radio, and audio-first video, and adjusts spend during delivery using contextual signals and measurement data. It also unveiled a refreshed brand identity with launch.