AI News — Page 58
The latest AI developments shaping UK business and technology
Allbirds stock jumps 582% on pivot from wool shoes to AI compute
Loss-making sneaker maker rebrands as NewBird AI, secures $50m funding and drops public benefit status to chase GPU-as-a-Service market.
Lloyds and University of Glasgow launch four-year agentic AI software engineering study
Lloyds embeds academic researchers with engineering teams to measure agentic AI effects on output quality, development speed and operational scaling.
Gartner predicts 70% of 2026 AI-led mainframe exit projects will fail
Analyst firm warns generative AI cannot deliver promised legacy code conversion, with 75% of mainframe-exit vendors expected to pivot or disappear by 2030.
Bank replaces 12-person QA team with AI and books $6m loss from zero-price bug
A financial firm that disbanded its QA department for automated testing lost roughly $6m after an erroneous discount code pushed product prices to zero.
Iceland deploys invent.ai across 1,000+ UK stores for stock availability
Frozen food chain replaces traditional forecasting with AI-driven replenishment covering more than 1,000 UK stores and online grocery operations.
MoJ pilots Justice Transcribe for family courts as lawyers call for child safeguards
Ministry of Justice tests in-house AI against accuracy, cost and safeguarding thresholds, with Law Society pushing retained audio and bias evaluation.
DfT publishes bias-mitigation design for Gemini-based consultation analysis tool
Alan Turing Institute report shows how DfT's Consultation Analysis Tool uses LLM-as-a-judge, human review and explicit demographic safeguards.
MPs told UK has 'outsourced' AI to US billionaires as China positions as responsible actor
Commons business and trade committee hears UK AI development is dominated by US hyperscalers while Beijing backs global governance talks.
Bank of England's Bailey names Anthropic's Mythos as cyber risk to financial system
BoE Governor Andrew Bailey tells Columbia audience regulators must urgently understand whether Mythos can identify exploitable vulnerabilities in banking systems.
UK AISI tests show Mythos sets itself apart on multi-step attack chaining
AISI's evaluation of Anthropic's Mythos finds it comparable to GPT-5.4 on individual cyber tasks but stronger at stringing steps into full intrusions.
Meta expands Broadcom partnership to co-develop multi-gigawatt custom AI silicon
Meta and Broadcom commit to four new generations of MTIA chips and a 1GW-plus deployment, with CEO Hock Tan moving from the Meta board to advisory role.