FRC Issues First UK Guidance on AI in Corporate Auditing
The UK's Financial Reporting Council has published the first framework for audit firms using generative and agentic AI, as Big Four accelerate rollouts.
AI News — Page 63
The latest AI developments shaping UK business and technology
Secondhand clothing sales forecast to hit £217bn as AI helps shoppers find deals
The global secondhand clothing market is expected to grow 12% this year to £217bn ($289bn), with AI-powered search and cataloguing helping platforms match buyers with inventory.
Cambridgeshire council deploys AI cameras to detect potholes across 4,600km road network
Cambridgeshire County Council has begun a £100,000 contract for AI-powered highway inspection software to tackle its £800m road maintenance backlog.
Google partners with gas power plant for AI datacenter as climate commitments soften
A 933-megawatt gas plant in Texas would emit up to 4.5 million tonnes of CO2 per year — more than the entire city of San Francisco — to power Google's AI infrastructure.
Royal Cornwall NHS Trust adopts Microsoft Sentinel to defend against cyber attacks
Royal Cornwall Hospitals NHS Trust has moved to Microsoft Sentinel to protect its 200+ sites and 15,000 users across Cornwall and the Isles of Scilly from growing cyber threats.
Google releases Gemma 4 open-source AI models under Apache 2.0 licence
Google's Gemma 4 family spans four model sizes from mobile to workstation, with native vision, audio, and 140+ language support under a permissive open-source licence.
Palantir defends AI targeting role as Maven becomes Pentagon staple
Palantir's UK boss says militaries, not tech firms, bear responsibility for how AI platforms like Maven are used in warfare as the Pentagon formalises the system.
Visa launches AI-powered suite to tackle rising payment disputes
Visa rolls out six new AI tools for merchants and financial institutions as global dispute volumes hit 106 million in 2025, a 35% rise since 2019.
Teachers warn AI is eroding pupils' critical thinking in England
NEU survey of 9,000 teachers finds two-thirds have observed declining thinking skills among pupils using AI, as 49% oppose government AI tutor plans.
Raspberry Pi earnings beat expectations as shares surge 26%
Cambridge-based Raspberry Pi reported a 25% rise in annual earnings, beating forecasts as strengthening demand and higher memory chip prices drove revenue growth.
Palantir UK boss urges government to keep £330m NHS data contract
Palantir's UK chief has pushed back against calls to exit the £330m NHS Federated Data Platform deal as ministers explore triggering a break clause in the contract.
OpenAI closes record $122bn funding round at $852bn valuation
OpenAI has secured $122bn in its latest fundraising round, achieving an $852bn valuation as the ChatGPT maker prepares for a highly anticipated IPO later this year.
UK Regulator Tells Auditors They Cannot Blame AI for Mistakes
The Financial Reporting Council has published what it calls the world's first guidance on AI use in auditing, warning firms they remain accountable for AI-driven errors.
