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Allbirds Shares Surge Over 580% After Shift from Footwear to AI Business

Allbirds shares surged over 580% after announcing a pivot from footwear to AI infrastructure, rebranding as NewBird AI and securing a $50m deal.

2 min read

AI-Generated Images Fuel Rise in Insurance Fraud Claims in 2025

AI-generated images are increasingly used in insurance fraud, leading to a 71% rise in claims manipulation in 2025. Insurers and fraud bureaus are investing in detection technology to combat this growing threat.

4 min read

OpenAI Halts UK Data Centre Project Citing Energy and Regulatory Concerns

OpenAI pauses its UK data centre project Stargate UK due to high energy costs and regulatory concerns, delaying plans to expand AI infrastructure despite government support.

4 min read

Irish Engineers Profit from AI Boom with Major Data Centre Deals

Irish engineering firms like TES Group and LotusWorks are profiting from the AI boom through major data centre deals, with Philip O'Doherty's £2.5bn sale of E&I Engineering marking the most lucrative transaction.

3 min read

Oracle Cuts Thousands of Jobs Amid Increased AI Infrastructure Investment

Oracle is cutting thousands of jobs as it increases investment in AI infrastructure, aiming to reassure investors despite concerns over costs and debt. The layoffs affect senior technical staff amid a broader tech industry trend toward AI-focused restructuring.

3 min read

Oracle Announces Significant Job Cuts Amid Major AI Investments

Oracle has made significant job cuts amid major AI investments, affecting thousands of employees. The company emphasizes layoffs were not performance-based and highlights AI's role in enabling smaller teams to deliver more.

3 min read

Hargreaves Lansdown IT Issues Disrupt Client Transactions

Thousands of Hargreaves Lansdown clients face transaction issues due to technical problems. The company assures data security and promises updates on its status page.

2 min read

WTO Warns High Oil Prices May Slow AI Growth Amid Middle East Conflict

The WTO warns that prolonged high oil prices from the Middle East conflict could slow AI growth and impact global trade and food security in 2026.

3 min read

PwC US CEO Warns Partners Must Embrace AI or Face Replacement

PwC US CEO Paul Griggs warns partners must prioritize AI adoption or face replacement, as the firm shifts to AI-driven services and new pricing models.

3 min read

Reeves Pledges to Retain UK Tech Talent and Boost AI and Quantum Investment

Chancellor Rachel Reeves commits £2.5bn investment in quantum computing and AI to retain UK tech firms and boost growth amid economic challenges and geopolitical tensions.

4 min read

Lloyds, Bank of Scotland, Halifax Apps Expose Other Users' Transactions

Some Bank of Scotland, Lloyd's, and Halifax app users saw other customers' transactions. Lloyd's Banking Group apologized and resolved the issue quickly.

1 min read

Epic Games Raises Fortnite V-Bucks Prices to Offset Rising Costs

Epic Games is raising Fortnite's V-Bucks prices from 19 March due to increased costs, reducing bonus rewards but lowering battle pass prices. The move has sparked fan backlash amid broader gaming industry price hikes.

3 min read