Tag: UK Business
31 articles tagged UK Business
Iceland claims 80% less loss from AI camera system
The frozen food chain has layered vision AI onto existing store cameras across 1,000 sites, and is now exploring facial recognition to bar repeat offenders.
UK bosses hit an autonomy cliff when AI touches money
Expleo research finds trust falling from 73% for summarising documents to 43% once AI is signing off financial or budget approvals on its own.
EU safety mandate lifts Seeing Machines to about £59m revenue
The London-listed driver-monitoring firm swung to profit after Europe made camera-based attention tracking compulsory on new vehicles from 7 July.
Half of UK small firms see no place for AI in their business
Novuna research finds 31% of small business owners already use AI while 48% either have no plans to or think it irrelevant, with sharp regional splits.
Nobody has worked out how to price AI services yet
Goldman Sachs expects token consumption to rise 24-fold by 2030, leaving vendors unable to quote fixed prices for services whose costs move monthly.
Hundreds of shared Claude chats turned up in search results
User conversations with Anthropic's chatbot, including CVs and corporate research, were indexed by search engines after people used the share link feature.
EU high-risk AI register delayed to 2027, leaving deadline unclear
The European Commission's database for registering high-risk AI systems will not launch until the third quarter of 2027, Euractiv reports, muddying compliance.
KPMG finds firms rushing into AI but unable to prove value
KPMG's Q2 2026 AI Pulse finds adoption accelerating even as almost half of businesses pause or scale back projects after deciding the cost outweighed the value.
Computacenter set to double profit as AI demand surges
Computacenter expects first-half adjusted pre-tax profit to roughly double to £163m, driven by AI-related projects in the UK and hyperscale demand in North America.
UK firms shift AI focus from pilots to trust and results
Technology executives say the AI debate in UK enterprises has moved from adoption to trust, as time spent verifying AI output erodes the productivity it promises.
OpenAI and Anthropic press into £740bn consulting market as Big Four scramble for AI expertise
Telegraph deep-dive on the AI-labs-versus-consultancies fight, with EY caught publishing AI-fabricated citations and consultancies racing to hire Forward Deployed Engineers.
EU AI Act Omnibus extends high-risk deadlines to 2027, widens SME relief
The EU's 7 May AI Act Omnibus agreement extends high-risk AI system deadlines to December 2027 and extends SME compliance simplifications to mid-caps up to 750 staff.
European Wealth Managers Fight Back Against AI Disruption Fears
St James's Place, Schroders, and Lombard Odier defend their business models as US fintech AI tax tool sends wealth management shares tumbling.
Moonpig Reports 6.7% Sales Boost as AI Transforms Card Design and Customer Service
The greeting card company credits AI-powered design tools and personalisation features with driving increased customer spend and resolving a third of all customer queries.
UK Power Networks Achieves 480% ROI with Microsoft Copilot Rollout
Energy distributor reports 96% adoption rate and significant productivity gains after deploying 1,000 Microsoft 365 Copilot licences across operations.
Waterstones Would Stock AI Books 'If Customers Want Them', Says Boss
CEO James Daunt says the bookshop chain would sell AI-generated books if clearly labelled and in demand, though personally doubts that will happen.
AI-Generated Fake UK Businesses Defraud Online Shoppers
Fraudsters exploit AI tools to create convincing fake UK businesses, deceiving customers with cheap goods shipped from Asia while posing as family-run British boutiques.