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The Latest Breaking News from Technology

Mutual funds cut technology sector exposure to 8-year low in April. Is AI disruption reshaping sentiment?

Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowing global IT spending, and muted earnings. This strategic shift reflects investor caution amid a transition phase for the IT sector, with a preference for domestic sectors like financials and defence.

The Economic Times

Cabinet ministers back Keir Starmer after he vows to fight on

Several senior ministers spoke out in support of the Prime Minister, while others declined to comment amid splits over his future in his top team.

Evening Standard

Starmer ‘would not have appointed Mandelson if he was aware of vetting failure’

Technology Secretary Liz Kendall said the Prime Minister would not have appointed the peer if he knew UK Security Vetting had not cleared him.

Evening Standard

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A Diamond Quality Entry in DIA ETF, or Is It Time to Get Out?

The Dow-tracking ETF DIA is set to reach fresh highs before mid-year as earnings, dividends, and share buybacks drive market appetite for blue-chip names.

MarketBeat

Trump appoints Nvidia's Jensen Huang, AMD's Lisa Su, Meta's Mark Zuckerberg, and more to science and technology advisory committee

Comprised of 'distinguished individuals and representatives from sectors outside of the Federal Government appointed by the President.'

PC Gamer

Actors, musicians and writers welcome UK U-turn on AI use of copyrighted work

Government no longer has ‘preferred option’ on copyright, technology secretary says, after backlash from artists

The Guardian - UK

Reeves to pledge ‘fastest AI adoption in G7’ and deeper ties with EU

The Chancellor will set out her ‘three big choices’ for growth as she delivers the annual Mais lecture in the City of London.

Evening Standard

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Social media ban for under 16s could be announced within months, says Technology Secretary Liz Kendall

Ministers are scrambling to keep up with the fast-changing online world as they seek to protect youngters

Evening Standard

Liz Kendall welcomes new Grok restrictions after outcry over deepfakes

The Technology Secretary said all social media platforms must meet their legal duties and provide a safe and age-appropriate service.

Evening Standard

Sexualised images created by Grok ‘weapons of abuse’ – Kendall

Technology Secretary Liz Kendall told MPs that creating non-consensual intimate images will become a criminal offence from this week.

Evening Standard

Ofcom to investigate Musk’s Grok over ‘deeply disturbing’ nude images

The investigation was welcomed by Technology Secretary Liz Kendall.

Evening Standard

Musk hits out at ‘fascist’ UK as row over X and its Grok AI escalates

Technology Secretary Liz Kendall said she would back regulator Ofcom if it sought to ban the social media platform and its AI.

Evening Standard

Technology Secretary threatens to block UK access to X over Grok deepfakes

Ofcom said it was undertaking an ‘expedited assessment’ after X and XAi responded to its urgent contact on Monday.

Evening Standard

Government says changes to Grok ‘insulting’ and urges Ofcom to update ‘in days’

X has faced a backlash after reports that users of its AI chatbot had prompted it to create sexualised images of people, including children.

Evening Standard

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Evening Standard

Starmer says he will ‘robustly protect our interests’ amid China trip rumours

The Prime Minister faced questions about his approach to Beijing amid rumours he will travel to China, and approve the country’s new London embassy.

Benzinga

Nvidia, Palo Alto, Coreweave, Broadcom And AMD: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks advanced on Wednesday as Nvidia's results reignited enthusiasm for AI plays. The Nasdaq climbed 0.59% to 22,564.22, the SP 500 added 0.38% to 6,642.16, and the Dow Jones Industrial Average inched up 0.1% to 46,138.77.These are the top stocks that gained the attention of retail traders and investors…

Evening Standard

Calls for ‘outright ban on absurd’ mid-contract telecoms price rises

Technology Secretary Liz Kendall has written an open letter to Ofcom bosses asking them to review the practice again.

Benzinga

Stock Market Today: S&P 500, Nasdaq, Dow Futures Rise As September CPI Comes In Cooler Than Expected —Intel, Ford, Procter & Gamble In Focus (UPDATED)

Editor’s note: The future prices of benchmark tracking ETFs, the lede, earnings, and the latest economic releases were updated in the story.

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Benzinga

Donald Trump Arrives In UK For Second State Visit As $42 Billion US Tech Investment Boosts AI And Quantum Projects

President Donald Trump arrived in Britain on Tuesday evening for his unprecedented second state visit, greeted with royal pageantry and the announcement of a multibillion-dollar U.S. technology investment in the United Kingdom.

TechRadar

The government's spending review: Citizen data and digital identity projects need high security by default

The government needs to ensure that privacy by design and security by default is in every digital service it develops.

Evening Standard

Minister doubles down on colleague’s claim Farage on side of Jimmy Savile

The Reform UK leader has said his party would scrap the Online Safety Act.

Evening Standard

Farage labels Kyle’s comments ‘below the belt’ and reiterates call for apology

The Technology Secretary said Reform UK leader Mr Farage was on the side of ‘people like Jimmy Savile’ after a pledge to scrap the Online Safety Act.

Evening Standard

Nigel Farage demands apology as minister Peter Kyle says Reform leader 'on side of Jimmy Savile' in online safety row

Technology Secretary Peter Kyle on Tuesday accused Mr Farage of being on the side of ‘extreme pornographers, peddling hate, peddling violence’

Evening Standard

Cabinet minister calls Corbyn ‘chaotic’ after new party launch

Technology Secretary Peter Kyle was reflecting on what he called the ‘chaos and instability’ during Mr Corbyn’s tenure as leader of the Labour Party.

Evening Standard

UK’s most powerful supercomputer comes online in major AI drive

Technology Secretary Peter Kyle flicked the switch on the Isambard-AI machine in Bristol on Thursday.

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