WPP to merge ad agencies and cut jobs in radical shake-up to counter AI threat

The beleaguered advertising group WPP has announced a radical restructure to counter the threat posed by the AI revolution, including merging its ad agencies and cutting jobs.Aiming to be “a simpler, lower-cost, AI-enabled business”, the London-based company laid out plans to achieve £500m of annual savings by 2028, at a cost of £400m over two years.A significant proportion of the cost cuts are expected to come through cutting jobs. The company did not specify how many roles would be cut.Since its inception in the mid-1980s, the steepest cuts WPP has made were 7,200 jobs as a result of the global advertising recession in 2009, and 7,000 in 2020 because of the impact of the Covid pandemic

Nvidia fails to impress investors with blockbuster results, as AI adoption ‘skyrockets’ – business live

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.What’s a tech firm gotta do to get a share price bump these days?Nvidia may be asking that question after reporting strong earnings last night, alongside a solid growth forecast, only to receive a shrug from Wall Street.The chip-making firm certainly had another extremely strong quarter – it posted record quarterly revenue of $68.1bn for October-December 2025, up 20% compared with the third quarter of last year and a sizzling 73% more than a year earlier.The company said sales were being driven by accelerated computing and AI, with customers scrambling to get their hands on its high-powered Blackwell chip

Twenty-year-old to testify at US trial about harm from social media addiction

For the first time, a jury will hear testimony this week from a young woman who alleges social media companies intentionally create addictive products, harming children. The witness taking the stand, known by her initials KGM, is the lead plaintiff in an expansive lawsuit against Meta – which owns Instagram and Facebook – and YouTube currently at trial in Los Angeles.KGM, who is now 20, alleges that she became addicted to social media apps before she was 10 and would spend hours every day scrolling through photos and videos. This led to years of mental health issues, according to her lawyers and court documents.KGM is expected to testify about how her constant use of social media led to depression, anxiety and body dysmorphia

Nvidia quarterly earnings show immunity to AI bubble fears as it cashes in on data center boom

Nvidia released its quarterly earnings on Wednesday, with the chipmaker revealing higher than expected revenues and extending its yearslong streak of surpassing Wall Street’s sky-high expectations.The company receives the vast majority of its revenue from its data center business, which has been buoyed by the tech industry’s immense investment into AI infrastructure. On Wednesday, Nvidia reported 75% year-over-year growth of this vertical to $62.3bn. The world’s most valuable publicly traded company, Nvidia has dominated the chip market as its processing units have become the backbone of the artificial intelligence boom

US hockey star Hilary Knight responds to Trump’s ‘distasteful joke’ about women’s team

Hilary Knight, the captain of the US women’s ice hockey team, has responded to comments made by Donald Trump after the Americans won gold at the Winter Olympics, calling the president’s quip a “distasteful joke”.After the US men’s ice hockey team won gold on Sunday, Trump called into the locker-room celebration and invited the players to be his guests at Tuesday’s State of the Union address.“I must tell you, we’re going to have to bring the women’s team,” he said. “You do know that. I do believe I probably would be impeached [if the women’s team wasn’t invited]

Saracens’ salary cap penalty under scrutiny over conflict of interest claims

Saracens will consider their position over an alleged undeclared conflict of interest at the centre of the disciplinary process into the 2019 salary cap scandal. The club were fined an unprecedented £5.36m for salary cap breaches over the previous three seasons and were relegated to the Championship, but the punishment has come under fresh scrutiny with these new allegations.Saracens point to an allegation made about the accounting firm Saffery Champness and claims that the level of fine handed down was “largely based upon advice provided to PRL”.According to the Daily Telegraph, Saffery Champness was auditor for Sale Sharks at the same time that it gave “impartial expert advice” about Saracens