Good morning. For the last few years artificial intelligence has been heralded as the technology that will transform economies. Governments have promised billions in investment, datacentres and supercomputers, and a wave of new jobs as AI is “mainlined” into the economy. But what happens when the numbers behind those promises are examined more closely?
That question sits at the centre of a series of recent investigations by the Guardian. The findings were remarkable – not least that the location for a much-trumpeted new supercomputer intended be up and running by year’s end to help fire up the British economy remains a scaffolding yard.
For today’s newsletter I spoke to Aisha Down, a Guardian reporter covering artificial intelligence, about the puzzling aspects of recent deals and announcements in the UK, and what happens when governments eager for growth appear to embrace AI promises faster than they can be verified. But first, the headlines.
Five big stories
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Middle East crisis | Tehran residents say the Iranian capital has endured what they described as its worst night of aerial bombardment, as the US defense secretary, Pete Hegseth, followed Donald Trump’s suggestion on Monday the war could soon be over with a warning of more strikes to come.
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Environment | Climate breakdown is shrinking the amount of time that people can safely go about their lives, according to a study that shows a third of the world’s population now resides in areas where heat severely limits activity.
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Labour | Plans to curtail the number of jury trials in England and Wales have been described as “unpopular, untested and poorly evidenced” by thousands of lawyers who have written to the prime minister.
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UK economy | UK inflation could end the year higher than previously expected at 3% because of the US-Israel war in Iran, the government’s economics watchdog has warned.
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Travel | Tube drivers in London are to strike across 12 days in the spring in a row over a four-day working week, the RMT has announced.
In depth: ‘A $100bn deal between two of the biggest companies in the world just sort of disappeared’
“What seems to have happened is that the reality has been spun – by a government desperate for growth, and by tech companies with a very strong incentive to maximise AI hype,” Aisha tells me.
She says the reporting began with a simple idea: to check the details behind a wave of enormous AI investment announcements.
“Something [my colleague] Dan Milmo and I on the tech desk had been trying to do towards the end of last year was basically an audit,” she tells me. “2025 was the year of enormous AI deals in the UK, but also all over the world. Nvidia chief executive Jensen Huang was going around announcing huge AI investments in places like Saudi Arabia and South Korea.”
But things weren’t as straightforward as one might imagine from all the
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