Latest news with #London-founded
Reuters
6 days ago
- Business
- Reuters
Law firm Clifford Chance reports 9% revenue gain, citing US, Middle East growth
July 23 (Reuters) - London-founded law firm Clifford Chance on Wednesday reported its highest-ever revenue and profits, with U.S. revenue up 18%. The firm said it increased overall revenue by 9% to 2.4 billion pounds sterling ($3.25 billion) and partnership profit by 11% to 944 million pounds ($1.28 billion) in its financial year that ended April 30. Like other global firms with UK roots, Clifford Chance has pushed in recent years to expand its stake in the U.S. legal market, which is the world's largest. The firm has long had New York and Washington, D.C., offices, and in 2023 opened an office in Houston, where there are now about 40 lawyers. It also cited U.S. growth as a key revenue driver in its prior fiscal year. Clifford Chance's U.S. work in the past year has included advising Reinsurance Group of America on its $32 billion reinsurance agreement with Equitable Holdings Inc. The firm did not detail revenue amounts by region. It said its largest revenue increase was in the Middle East, where receipts rose 36%. The firm has four offices in the Middle East and North Africa, as well as a joint venture in Saudi Arabia that operates as a separate firm from Clifford Chance. Other London firms have also begun releasing financial results for the last year under a requirement to file accounts with the UK government. Rival firm Linklaters on Tuesday said it grew profit before tax to 1.08 billion pounds sterling ($1.46 billion), buoyed by a 57% increase in U.S. profits. The firm's revenue jumped to 2.32 billion pounds sterling ($3.13 billion). Kennedys last month reported a 22% revenue increase in North America, reaching nearly 110 million pounds sterling ($148.78 million) for the region out of a total 428 million pounds sterling ($578.87 million) firmwide. ($1 = 0.7394 pounds)
Axios
07-07-2025
- Entertainment
- Axios
Culinary cluster: Ice cream on Southport Ave
We've all been there: A place where several different spots were serving up the same dish, leaving us wondering which one to choose. What's happening: I'm checking out the goods at these culinary clusters to help you make the best choice for your budget and palate. Today's cluster: The chocolate ice cream triangle on North Southport Avenue. Hotel Chocolat Hotel Chocolat: 3334 N. Southport Ave. This London-founded chain, known for thick cocoa and gourmet chocolates, dishes up soft serve cones ($4.50) dubbed "ice cream of the gods." The mild flavor here made me feel less like a god than a [Dairy] Queen, but I dug the complimentary chocolate shard and comfy patio. 🍦🍦 out of 4 You can also walk five blocks north to a real DQ. Jeni's Splendid Ice Cream Jeni's Splendid Ice Cream: 3404 N. Southport Ave. Jeni's standard waffle cone filled with "darkest chocolate" wowed me with high quality, deeply chocolatey ice cream but also it comes at a high price of $8.85, including the $1.60 waffle cone upcharge. 🍦🍦🍦 Coda di Volpe Coda di Volpe: 3335 N. Southport Ave. The chocolate gelato ($6) from the restaurant's "Fox Hole" takeout window delivers a slightly grainy but wonderfully intense, molasses-ish, chocolate flavor. 🍦🍦🍦
Yahoo
09-06-2025
- Business
- Yahoo
Nvidia CEO Jensen Huang calls UK 'perfect' place for 'AI takeoff'
Jensen Huang, the CEO of chipmaking giant Nvidia (NVDA), has said that the UK is in a "Goldilocks" situation when it comes to artificial intelligence (AI). Huang made the comments on a panel with UK prime minister Keir Starmer and minister for investment Poppy Gustafsson at the start of London Tech Week on Monday morning. When asked by Gustafsson how the UK could create an AI ecosystem and drive the opportunities presented by the technology, Huang said that the country was in a "goldilocks circumstance", implying that its situation is just right for investment. Huang said the UK has "one of the richest AI communities anywhere on the planet", adding that it has the "best universities ... amazing start-ups ... and incredible thinkers in computer science". London-founded AI research lab DeepMind, which is also headquartered in the UK capital and is now owned by Google (GOOG, GOOGL), was among the start-ups highlighted by Huang. Autonomous driving systems start-up Wayve, AI video generation company Synthesia and AI voice generator start-up ElevenLabs, were the other names Huang mentioned. In addition, Huang said the UK has the "third largest AI venture capital (VC) investment anywhere in the world". "And so between these two ideas that you're rich with computer scientists, it's a fantastic place for VCs to invest, the ecosystem is really perfect for takeoff," he said. Read more: Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and Inditex "It's just missing one thing: it is surprising this is the largest AI ecosystem in the world without its own infrastructure, which is the reason why we're talking about it so much, which is the reason why the prime minister's announcement of investing in ... 20 times more computing is such a big deal." In a speech prior to the panel, opening London Tech Week, Starmer said that the government was committing an extra £1bn of funding to scale up the UK's computing power by 20 times. "If you're in the world of AI, you do machine learning," said Huang on the panel. "You can't do machine learning without a machine. "So the ability to build these AI supercomputers here in the UK will naturally attract more startups. It will naturally enable all of the rich ecosystem of researchers here to be able to do their life's work and I think it's just such an incredible, incredible place to invest: I'm gonna invest here. "The UK is such a great place to invest because of all the things I've just said – we're gonna start our AI lab that you mentioned, prime minister, and we're going to partner with the UK to upskill the ecosystem of developers into AI." In addition to ramping up the UK's computing capacity, Starmer unveiled a government partnership with 11 major companies to train 7.5 million workers in AI by 2030. The prime minister also shared the government's plans to embed learning around AI in the education system with a "tech-first training programme". He said that this £185m investment would train up to a million young people in tech skills. Meanwhile, the UK's Financial Conduct Authority (FCA) announced on Monday that it was launching a "supercharged sandbox", in collaboration with Nvidia to allow City firms to experiment with AI. The financial watchdog said that under the initiative firms would be able to test out the technology using Nvidia's accelerated computing and AI enterprise software, adding that those firms successful in applying to use the "sandbox" would be able to do so from October. Read more: Will the UK spending review lead to autumn tax rises? Have your say What is the Pension Investment Review? Bank of England governor expects interest rates and pay to decrease this year
Yahoo
09-06-2025
- Business
- Yahoo
Nvidia CEO Jensen Huang says UK is in 'Goldilocks' situation for AI
Jensen Huang, the CEO of chipmaking giant Nvidia (NVDA), has said that the UK is in a "Goldilocks" situation when it comes to artificial intelligence (AI). Huang made the comments on a panel with UK prime minister Keir Starmer and minister for investment Poppy Gustafsson at the start of London Tech Week on Monday morning. When asked by Gustafsson how the UK could create an AI ecosystem and drive the opportunities presented by the technology, Huang said that the country was in a "goldilocks circumstance". He was implying that the UK had the right ingredients to be successful with AI. Huang said the UK has "one of the richest AI communities anywhere on the planet", adding that it has the "best universities, amazing start-ups and incredible thinkers in computer science". London-founded AI research lab DeepMind, which is also headquartered in the UK capital and is now owned by Google (GOOG, GOOGL), was among the start-ups highlighted by Huang. Autonomous driving systems start-up Wayve, AI video generation company Synthesia and AI voice generator start-up ElevenLabs, were among the other names Huang mentioned. In addition, Huang said the UK has the "third largest AI venture capital (VC) investment anywhere in the world". "And so between these two ideas that you're rich with computer scientists, it's a fantastic place for VCs to invest, the ecosystem is really perfect for takeoff," he said. Read more: Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and Inditex "It's just missing one thing: it is surprising this is the largest AI ecosystem in the world without its own infrastructure, which is the reason why we're talking about it so much, which is the reason why the prime minister's announcement of investing in ... 20 times more computing is such a big deal." In a speech prior to the panel, opening London Tech Week, Starmer said that the government was committing an extra £1bn of funding to scale up the UK's computing power by 20 times. "If you're in the world of AI, you do machine learning," said Huang on the panel. "You can't do machine learning without a machine. "So the ability to build these AI supercomputers here in the UK will naturally attract more startups. It will naturally enable all of the rich ecosystem of researchers here to be able to do their life's work and I think it's just such an incredible, incredible place to invest: I'm gonna invest here. "The UK is such a great place to invest because of all the things I've just said – we're gonna start our AI lab that you mentioned, prime minister, and we're going to partner with the UK to upskill the ecosystem of developers into AI." In addition to ramping up the UK's computing capacity, Starmer unveiled a government partnership with 11 major companies to train 7.5 million workers in AI by 2030. The prime minister also shared the government's plans to embed learning around AI in the education system with a "tech-first training programme". He said that this £185m investment would train up to a million young people in tech skills. Read more: Will the UK spending review lead to autumn tax rises? Have your say What is the Pension Investment Review? Bank of England governor expects interest rates and pay to decrease this yearError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Nvidia CEO Jensen Huang says UK is in 'Goldilocks' situation for AI
Jensen Huang, the CEO of chipmaking giant Nvidia (NVDA), has said that the UK is in a "Goldilocks" situation when it comes to artificial intelligence (AI). Huang made the comments on a panel with UK prime minister Keir Starmer and minister for investment Poppy Gustafsson at the start of London Tech Week on Monday morning. When asked by Gustafsson how the UK could create an AI ecosystem and drive the opportunities presented by the technology, Huang said that the country was in a "goldilocks circumstance". He was implying that the UK had the right ingredients to be successful with AI. Huang said the UK has "one of the richest AI communities anywhere on the planet", adding that it has the "best universities, amazing start-ups and incredible thinkers in computer science". London-founded AI research lab DeepMind, which is also headquartered in the UK capital and is now owned by Google (GOOG, GOOGL), was among the start-ups highlighted by Huang. Autonomous driving systems start-up Wayve, AI video generation company Synthesia and AI voice generator start-up ElevenLabs, were among the other names Huang mentioned. In addition, Huang said the UK has the "third largest AI venture capital (VC) investment anywhere in the world". "And so between these two ideas that you're rich with computer scientists, it's a fantastic place for VCs to invest, the ecosystem is really perfect for takeoff," he said. Read more: Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and Inditex "It's just missing one thing: it is surprising this is the largest AI ecosystem in the world without its own infrastructure, which is the reason why we're talking about it so much, which is the reason why the prime minister's announcement of investing in ... 20 times more computing is such a big deal." In a speech prior to the panel, opening London Tech Week, Starmer said that the government was committing an extra £1bn of funding to scale up the UK's computing power by 20 times. "If you're in the world of AI, you do machine learning," said Huang on the panel. "You can't do machine learning without a machine. "So the ability to build these AI supercomputers here in the UK will naturally attract more startups. It will naturally enable all of the rich ecosystem of researchers here to be able to do their life's work and I think it's just such an incredible, incredible place to invest: I'm gonna invest here. "The UK is such a great place to invest because of all the things I've just said – we're gonna start our AI lab that you mentioned, prime minister, and we're going to partner with the UK to upskill the ecosystem of developers into AI." In addition to ramping up the UK's computing capacity, Starmer unveiled a government partnership with 11 major companies to train 7.5 million workers in AI by 2030. The prime minister also shared the government's plans to embed learning around AI in the education system with a "tech-first training programme". He said that this £185m investment would train up to a million young people in tech skills. Read more: Will the UK spending review lead to autumn tax rises? Have your say What is the Pension Investment Review? Bank of England governor expects interest rates and pay to decrease this year
