As many as 57 per cent of executives surveyed by BCG said they would hire fewer people in 2025 as a result of the reforms. The poll of leaders at 251 UK businesses with more than 50 employees each found that investing in AI was a priority for 44 per cent of respondents this year.

According to Stasenko, the choice to go open-source for her company’s AI development couldn’t have been clearer. “For us, this was not only a moral argument but also a commercial one,” she says. “You need to better understand models’ behaviour in use cases. You need to be sure of the biases that could come from the training corpus.”

Many can struggle to responsibly implement third-party and open-source models while trying to maintain performance, explainability and return on investment – particularly when the training data underlying these models seems to remain opaque.

Digital garden planning programmes can be useful tools, but they can’t replace human imagination, experience — and the instinct to go rogue

AI has began to reason more deeply and interact via voice and video—trends that AI experts say will accelerate

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

“CFOs are realising how expensive this can be,” says Manish Goyal, Vice President and Senior Partner of AI and Analytics at IBM Consulting. “Over the past 18 months, we’ve seen a lot of experimentation. Experimentation is good but, when it’s not directed experimentation, teams can end up doing some of the same stuff, which can be wasteful.”

Make no mistake — these reforms are already beginning to bear fruit. On Monday alone, Vantage Data Centers confirmed it will invest more than £12bn in new data centres across the country, including building one of Europe’s largest data centres in Wales. That should create 11,500 jobs in AI and construction. And it’s a sign of things to come.

Deloitte developed and deployed its own GenAI platform, PairD, to tens of thousands of employees across Europe, which acts as a “virtual AI helper” for its workforce. Its ease of adoption, carefully designed guardrails and user-friendly interface led to rapid scaling.

Amazon is gearing up to relaunch its Alexa voice-powered digital assistant as an artificial intelligence “agent” that can complete practical tasks, as the tech group races to resolve the challenges that have dogged the system’s AI overhaul.

Hock Tan is positioning the tech group’s $69bn software acquisition as a ‘sovereign’ alternative to Big Tech’s cloud services

Goldman Sachs chief David Solomon has warned private companies to take “great caution” before deciding to go public, adding that the depth of capital in private markets has removed the need for many to list at all.