AI News — Page 66
The latest AI developments shaping UK business and technology
Meta begins laying off 700 staff as AI spending hits $167 billion
Meta has started cutting around 700 roles across Reality Labs, social media, and recruitment as the company redirects resources toward AI infrastructure and datacenter expansion.
Feedzai launches RiskFM, a foundation model built for financial crime prevention
The fintech firm has released what it calls the first tabular foundation model designed specifically for financial risk, with Lloyds Banking Group among its early collaborators.
GOV.UK AI Chat completes public pilot with 10,000 users ahead of wider rollout
The Government Digital Service has wrapped up 18 months of public testing for its AI-powered assistant, with plans to extend it across the GOV.UK app and website later this year.
HSBC Appoints First Chief AI Officer as UK Banks Race to Embed AI Leadership
HSBC has promoted David Rice to the newly created role of Chief AI Officer, signalling a structural shift in how major UK banks are organising around artificial intelligence.
Revolut flags AI and crypto as reputational risks amid record £1.7bn profit
The UK fintech giant reported a 57% jump in pre-tax profits for 2025 while warning that public attitudes towards energy-intensive AI and crypto could affect demand for its services.
Bank of Ireland plans AI training for all staff in 2026
Bank of Ireland is rolling out AI-immersion learning across its entire workforce after early programmes showed strong uptake and measurable fraud prevention gains.
DVLA deploying agentic AI and voice technology across customer services
The DVLA is integrating LLM-powered search and AI voice tools into its contact centre, which handles over one million customer interactions monthly.
FCA faces privacy concerns over Palantir AI trial with sensitive data
The UK's Financial Conduct Authority is paying Palantir over £30,000 a week for a three-month AI trial analysing its data lake of case files and consumer data.
