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Business Mar 31, 2026

OpenAI Secures $122 Billion in Funding, Valued at $852 Billion

OpenAI, the maker of ChatGPT, has closed a $122 billion funding round, achieving a valuation of $85…
OpenAI, the company behind the popular AI chatbot ChatGPT, has announced that it has successfully closed a massive $122 billion funding round. This significant investment has propelled the company's valuation to an impressive $852 billion, solidifying its position as one of the most highly valued private companies globally. The funding round, which is one of the largest in Silicon Valley's history, saw participation from tech giants such as Amazon, Nvidia, and SoftBank, which committed $110 billion. A select group of individual investors also contributed approximately $3 billion to the round. This substantial influx of capital comes as OpenAI prepares for a potential initial public offering (IPO) later this year, one of the most anticipated public listings in decades. Despite the positive news, OpenAI faces numerous challenges, including lawsuits, competition from rival AI firms, and public distrust. The company is also dealing with questions over the sustainability of the AI boom and its ability to deliver on its ambitious promises. OpenAI's CEO, Sam Altman, and the company will be involved in a closely watched trial in April, as Elon Musk sues OpenAI, alleging a breach of a founding agreement. In a blog post, OpenAI touted the funding round as a testament to its promising future and the legitimacy of its technology. The company aims to build a 'unified AI superapp', centralizing ChatGPT, coding products, web browsing, and AI agents. OpenAI currently generates $2 billion a month in revenue but faces significant financial challenges, with internal forecasts indicating that it may not become profitable until 2030.
#OpenAI #ChatGPT #Amazon
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Politics Mar 31, 2026

Chris Rokos Pledges Record £190 million to Cambridge for New School of Government

British billionaire Chris Rokos has committed a historic £190 million to the University of Cambridg…
British hedge‑fund billionaire Chris Rokos has announced a £190 million endowment to the University of Cambridge to create a new, eponymous school of government. The pledge, comprising an initial £130 million and a further commitment of up to £60 million that the university will match, is believed to be the largest single donation ever made to a UK university. The Rokos School of Government is slated to open in temporary facilities this autumn, offering PhD and master’s programmes focused on public policy, leadership and governance. In the longer term it will relocate to a purpose‑built campus within Cambridge’s West Innovation District, positioning itself as a direct rival to Oxford’s Blavatnik School of Government, which was launched in 2010 with a £75 million gift. Rokos, 55, rose from a state primary school to a scholarship at Eton and a mathematics degree at Oxford before co‑founding the hedge fund Brevan Howard and later establishing Rokos Capital Management, which now employs over 350 staff. He is listed on the Sunday Times Rich List with an estimated net worth of £2.6 billion and is among the UK’s biggest taxpayers. Speaking about the donation, Rokos said, "I was fortunate to be given an education that transformed my life, and I would like to give something back to Britain. My hope is that, in time, the influence of the Rokos School of Government across the world becomes an important element of that soft power, which has been a great asset to the UK." University officials framed the new school as a response to “growing turbulence in domestic and international politics, increasing polarisation of political opinion, and long‑term structural changes in the economy.” The institution aims to provide a “unique forum for radical and remarkable thinking,” leveraging Cambridge’s tradition of scientific innovation and interdisciplinary collaboration. Vice‑chancellor Prof. Deborah Prentice added, "Tackling the enormous challenges facing our world requires radical new ways of thinking and approaches to leadership. Cambridge’s strengths across all disciplines and its convening power make it uniquely positioned to drive this innovation. Thanks to Chris’s generous support, the Rokos School will become a place where current and future leaders, together with experts from across our institution, generate the insights and solutions needed for a rapidly changing world." The school’s establishment also reflects a broader trend of private wealth shaping public‑policy education in the UK, echoing similar high‑profile gifts such as Leonard Blavatnik’s £75 million donation to Oxford. By creating a dedicated hub for governance studies, Rokos hopes to cement Cambridge’s role as a training ground for future world leaders and to reinforce Britain’s international influence. Rokos Capital Management recently made headlines when talks to appoint former UK ambassador Peter Mandelson as an adviser were terminated following renewed scrutiny of the Epstein scandal, underscoring the complex interplay between finance, politics and public perception. The £190 million endowment not only marks a milestone for UK higher‑education philanthropy but also signals a strategic investment in the development of policy expertise that could shape global governance for decades to come.
#Chris Rokos #University of Cambridge #Rokos School of Government
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World Mar 31, 2026

Trump tells Europe to ‘get their own oil’ as transatlantic tensions rise amid Iran war and soaring fuel costs

President Donald Trump used his Truth Social platform to chastise European allies for refusing to j…
President Donald Trump took to his Truth Social account on Tuesday to lambaste several European governments for declining to support the United States’ military campaign against Iran. He told nations struggling with fuel shortages to “go get your own oil” by force, a statement that immediately pushed global oil markets higher. European leaders pushed back. France barred Israeli aircraft carrying weapons from traversing French airspace, while Italy reportedly denied a last‑minute request for U.S. bombers to land in Sicily. Spain’s defence minister announced that Madrid would no longer tolerate “lectures” from any foreign power after refusing U.S. use of its bases and airspace. The United Kingdom, despite allowing U.S. forces to operate from its bases, faced a public rebuke from Trump, who singled out the UK for its inability to secure jet fuel through the Strait of Hormuz. U.S. Secretary of Defense Pete Hegseth echoed the president’s hard‑line stance, suggesting that allied navies should be ready to intervene in the strategic waterway. Analysts warn that any attempt to seize the Strait of Hormuz by force would be highly risky and likely unrealistic. Nonetheless, the rhetoric has already contributed to a surge in fuel costs: U.S. gasoline prices have crossed the $4‑per‑gallon threshold for the first time in four years, and Brent crude slipped below $104 a barrel after Iranian President Masoud Pezeshkian hinted at a possible de‑escalation. The conflict, now in its fourth week, has claimed more than 3,000 lives and triggered a worldwide economic shock. Irish Taoiseach Micheál Martin described the oil‑supply disruption as “probably the worst ever,” reflecting growing anxiety over inflation, stagnant growth, and a cost‑of‑living crisis that many nations are already grappling with. In a parallel diplomatic development, Pakistan and China unveiled a joint five‑part proposal aimed at ending hostilities and reopening the Strait of Hormuz, though it remains unclear how this aligns with recent U.S. diplomatic overtures through Islamabad. Meanwhile, the war’s regional dimensions have intensified. Israel announced plans to permanently occupy a swath of southern Lebanon up to the Litani River, a move that would cement its military presence well beyond the current confrontation with Hezbollah. Even the Vatican entered the fray. Pope Francis expressed hope that the fighting would cease by the upcoming Easter weekend, urging world leaders to find “ways to reduce the amount of violence.” His comments were widely interpreted as a subtle rebuke of the Trump administration’s aggressive posture. Overall, Trump’s incendiary remarks have highlighted a widening fissure between Washington and its traditional European partners, while the escalating oil price volatility underscores the broader economic ramifications of the Iran conflict.
#france #italy #spain
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World Economy Mar 31, 2026

Ethiopian Women's Rights Activists Face Rising Digital Violence and Forced Exile

Ethiopian women's rights activists are facing increasing digital violence, including online threats…
Ethiopian women's rights activists are facing a rising tide of digital violence, including online threats, doxing, and deepfake abuse, forcing some to flee the country. Yordanos Bezabih, an Ethiopian women's rights activist, had faced online threats for years, including acid attacks, gang-rape, and death. However, in 2025, the threats became more menacing, with an anonymous Telegram group organizing an effort to track down her location.The group shared deepfakes of her – nude images and videos. A stranger started filming her in the streets, calling her by her social media handle. Thieves broke into her house and stole her laptop. Soon after, her Telegram account was hacked, and her private photos and messages were circulated on social media. The perpetrators later circulated her address, demanding she be found and “executed”.In August, Bezabih left Ethiopia on a fellowship for human rights defenders. She has not returned since; it is too dangerous. “I have been forced to remain outside the country in order to protect my safety and continue my work,” she says.Bezabih is one of a small but growing number of feminists and women’s rights defenders who have left Ethiopia over the past two years, as online violence has become all-pervasive and uncontrolled. Three years after Facebook was accused of allowing hate speech to spread unchecked in Ethiopia, amid genocidal violence against ethnic Tigrayans during the civil war – claims rejected by Meta – social media inciters in Ethiopia have found a new target: women online.Research by the Centre for Information Resilience (CIR) bears out the scale of online gendered abuse in Ethiopia. Its 2024 report, Silence, Shamed and Threatened, found that technology-facilitated gender-based violence (TFGBV) has become “normalized to the point of invisibility” and is a daily occurrence with severe offline impacts, including psychological harm, physical assault, and arrests.Activists say the government and social media platforms are not doing enough to protect them. “I don’t think the government is much concerned about online harassment. It is barely a government agenda,” says Befekadu Hailu, an Ethiopian civil society leader and former director of Ethiopia’s Centre for the Advancement of Rights and Democracy.Bezabih says the online platforms that enable the violence also do little about it. “Even though they claim to have all these community guidelines, tech platforms never respond to reports, claims or even appeals.”
#online #she #women
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World Economy Mar 31, 2026

UK Energy Bills Forecast to Soar to Nearly £2,000 a Year This Summer

UK households are facing a significant increase in energy bills, with a forecast of almost £2,000 a…
Households in Great Britain are bracing for a substantial hike in energy bills, with a typical gas and electricity bill forecast to reach £1,929 a year from July. This represents an increase of about £290 a year under the industry regulator Ofgem's quarterly price cap. The forecast hike is £288 a year higher than the £1,641 cap on energy bills set for April to June. Although the April price cap will be £117 a year, or 7%, lower than the January to March rate of £1,758, the short-lived reprieve from rising gas and electricity costs is expected to be more than offset by a string of rises facing households in the spring. The annual cost of essentials, including council tax and water, will increase by more than £200 from April even before the economic impact of the Iran war is felt by UK consumers. Most households in England and Wales will see an increase of about 5% in their council tax, while in Scotland bills will go up by between 4% and 10%. In Northern Ireland, rates are due to increase between 1.96% and 4.5%. Water bills in England and Wales are also due to rise, by an average of £33 a household from April, up 5.4% to £639. The cost of phones and broadband are expected to rise by an average of £39.60 for an annual bill and £27.60 for a typical mobile contract, according to Uswitch. Senior government ministers are expected to discuss the economic turmoil caused by the war at a Cobra meeting on Tuesday, after meeting with business leaders to discuss how the government and private sector can work together to respond to the crisis caused by surging oil market prices. The international oil benchmark rose 4% to more than $118 a barrel on Tuesday as Donald Trump said countries such as the UK should build up the “courage” to go to the strait of Hormuz and “just take” fuel. Experts fear that Brent crude could reach all-time highs of $150 a barrel if the conflict continues. “Bills going up again because of war thousands of miles away will be a tough pill to swallow for households still saddled with debt from last time,” said Jess Ralston, the head of energy at the Energy and Climate Intelligence Unit. “Unless we continue [to] shift away from gas, whether it comes from the North Sea or not, the risk remains that bills will continue to spike,” Ralston added.
#energy #bills #prices
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Technology Mar 31, 2026

UK Science Funding in Jeopardy: Experts Warn of Long-Term Consequences

Experts warn that the UK's approach to science funding, particularly in quantum computing and parti…
The UK's position in quantum computing has been hailed as a success story of long-term investment in fundamental science. However, the current approach to science funding, particularly by UK Research and Innovation, has raised concerns among experts. The abrupt discontinuation of the Quantum Technologies for Fundamental Physics initiative has resulted in the loss of dozens of early-career researchers trained in a strategically important area. Moreover, there has been no clear vision for what replaces it, nor any meaningful consultation on how such crucial cross-disciplinary programmes should be organised. A similar disconnect is emerging in artificial intelligence, where many techniques driving impact were developed and deployed in fundamental research communities, such as particle physics. Undermining this base risks cutting off the pipeline of ideas and skills that the wider economy depends on. Experts stress that if the UK is serious about long-term leadership, prioritisation must be done with care, transparency, and a credible plan for sustaining the full ecosystem, from fundamental science through to application. Prof Ruben Saakyan, chair of the STFC particle physics advisory panel, emphasises the need for a well-thought-out strategy. Dr Simon Williams also highlights the importance of sustained investment in people and fundamental science, stating that ambition in quantum computing cannot succeed without it. Prof Sheila Rowan, director of the Institute for Gravitational Research, points out that the PPAN area is a training ground for expertise in various engineering and technical skills, which are in short supply and crucial for driving a bright future in quantum computing and quantum technology.
#quantum #science #fundamental
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Technology Mar 31, 2026

Australia Investigates Meta, TikTok, and Google for Alleged Non-Compliance with Social Media Ban

The Australian government has launched an investigation into Meta, TikTok, and Google for allegedly…
The Australian government has accused major tech firms, including Meta, TikTok, and Google, of failing to comply with a landmark ban on under-16s using social media. The ban, which came into effect last December, aims to protect children from the potential harms of social media.A survey of 900 Australian parents found that around a third (31%) said their children still had one or more social media accounts after the ban, compared to 49% before the laws. Specifically, the survey revealed that 70% of under-16s who had accounts on Instagram, Snapchat, and TikTok before the ban maintained access.The eSafety Commission claimed that the technology being used by these companies, such as facial age estimation, was not effective enough. The commission alleged that the firms had lax guardrails which allowed teens to repeatedly attempt age verification until they were successful. 'None of this is impossible. None of this is even difficult for big tech who are innovative billion-dollar companies. What this update shows is unacceptable,' said Australia's communications minister, Anika Wells.The social media minimum age laws specify that Facebook, Instagram, Snapchat, Threads, TikTok, Twitch, X, YouTube, Kick, and Reddit are 'age-restricted platforms', banning under-16s from holding accounts and requiring those companies to take reasonable steps to prevent children from opening or holding accounts. The laws carry a maximum A$49.5m (US$33.9m, £25.7m) penalty.In response, Meta said it was committed to complying with the social media ban and working with eSafety and the government. The company highlighted the challenge of accurately determining age online, particularly at the age-16 boundary. 'The most effective, privacy-protective and consistent approach is to require robust age verification and parental approval at the app store and operating system level before a teen can download an app or create an account,' Meta stated.TikTok and Google were contacted for comment but did not respond by publication time. The government said in January that more than 4.7m social media accounts were deactivated, removed, or restricted in the first days after the ban came into effect.
#meta #tiktok #google
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Sports Mar 31, 2026

Rugby Union at Crossroads: Parling-Doyle Spat Highlights Sport's Identity Crisis

The recent on-field altercation between Leicester coach Geoff Parling and TNT Sports presenter Crai…
Ultimately, the quality of the core product will define rugby's future, rather than viral social media clips or artificial additives. As the sport continues to evolve, it must find a way to reconcile its competing demands and forge a path that balances tradition with innovation and commercial appeal.
#Leicester Tigers #Geoff Parling #Craig Doyle
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Technology Mar 31, 2026

Palantir defends £330m NHS AI contract as UK ministers weigh break‑clause amid political backlash

Palantir’s UK executive urges the government to ignore ideologically driven criticism as ministers …
Palantir’s senior UK representative has warned ministers against yielding to ideologically motivated campaigners as they explore the possibility of terminating a £330 million NHS contract for the company’s Federated Data Platform (FDP).The FDP, an AI‑enabled system intended to unify patient information across the health service, is part of a broader portfolio that includes contracts with the Ministry of Defence, several police forces and the UK’s financial regulator.Louis Mosley, executive vice‑chair of Palantir UK, told The Times that abandoning the deal would jeopardise patient care and hinder progress on the NHS’s most pressing challenges. He highlighted that the platform is projected to generate £150 million in benefits by the end of the decade, delivering a £5 return for every pound spent.According to the Financial Times, senior officials have begun informal discussions about activating a break clause that would allow the FDP’s operation to be transferred to an alternative provider once the system becomes fully operational next year.Palantir, a US‑based data‑analytics firm with ties to the Israeli and US militaries and former U.S. Immigration and Customs Enforcement contracts, has faced sustained opposition from the British Medical Association, which has long criticised the use of its technology in patient‑care settings.Health officials acknowledge the reputational risk, noting that the controversy now extends beyond traditional Labour‑left and Green Party critics. A Department of Health and Social Care spokesperson emphasised that the FDP is designed to improve care coordination, accelerate cancer diagnoses and increase treatment capacity, while maintaining strict data‑security safeguards.Health Secretary Wes Streeting, speaking on the Guardian Politics Weekly podcast, recognised public unease about Palantir’s political affiliations, referencing founder Peter Thiel’s right‑wing connections. He reassured listeners that Palantir does not have direct access to patient data, stating, "The platform is operated by us; Palantir never sees the data."Adoption of Palantir’s technology within the NHS has risen from 118 to 151 organisations since June, though it remains short of the government’s target of 240 organisations by year‑end. Labour backbencher Clive Lewis noted that the issue is becoming a visible concern for voters, reflecting broader anxieties about AI and foreign‑owned infrastructure in critical public services.
#palantir #nhs #data
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