Sadiq Khan, Mayor of London, blocked a contract between the Metropolitan Police Service and US technology company Palantir. Metropolitan Police Commissioner Mark Rowley subsequently warned that the ban would negatively impact frontline policing capabilities in London.
Peter Singlehurst, head of private companies at Baillie Gifford, commented on SpaceX’s potential IPO and orbital data center plans, noting that the company has successfully executed unconventional ideas in the past.
Cambridge Aerospace, a British defense technology startup developing interceptor systems to protect against drones and cruise missiles, is in discussions to raise approximately $300 million at a valuation of around $3.5 billion.
Schroders, a major European asset manager, has been sold to Nuveen, a US competitor. CEO Richard Oldfield discusses the challenges facing mid-sized asset managers in an increasingly competitive landscape and explains the strategic rationale for the transaction.
Wayve Technologies, a UK-based autonomous driving software startup backed by Uber, is considering letting investors sell shares through the UK’s new private securities market, which would represent the first major endorsement of this novel trading system.
BancTrust’s CEO Carlos Fuenmayor is contesting a fine imposed by the FCA for failing to disclose previous regulatory penalties from Venezuelan and US authorities. Fuenmayor argues that the requirement to disclose these penalties violates freedom of expression principles.
According to a Barclays survey, hedge funds and asset managers are increasingly adopting artificial intelligence in global credit market investments, but the technology has not yet replaced human traders.
The outgoing chief of the UK Prudential Regulation Authority, Sam Woods, has warned that AI cybersecurity risks and vulnerabilities in lenders’ IT systems represent top-of-list threats to the banking sector. Woods expressed being ‘very concerned’ about these vulnerabilities.
Google must make changes to its AI-generated search summaries following a ruling by the UK’s Competition and Markets Authority. The regulator has forced Google to give publishers more control over how their content is used in AI features, allowing them to opt-out. The CMA described this as a ‘world first’ enforcement action.
Castlelake, a US private credit group, is exploring a potential acquisition of easyJet but faces EU regulatory requirements that mandate airlines be majority owned by EU nationals. The firm is actively seeking a European partner to structure the deal in compliance with these ownership restrictions.