Karen Egan, head of telecoms at Enders Analysis, said the announcement was “a very positive move forward for CityFibre”, adding that it was “not good news” for Openreach and could potentially put some pressure on its wholesale prices.

It’s “a very positive move forward for CityFibre regardless, as Sky hitherto was showing no inclination to deal with anyone beyond Openreach,” said Karen Egan, an analyst at Enders.

“The cost of living crisis is making it harder for customers to afford new handsets – and some customers may not be able to afford the expense of upgrading when they would like to do so,” wrote market watchers at Enders Analysis in a note this week. “While inflation has come down to targeted levels, it will take some time for wages to catch up and for households to feel well off enough to make big purchases again, and so this impact may wane very slowly.”

Karen said “[Mittal] is not short-term. He’ll be completely constructive and collaborative with BT, he really understands the holistic approach of telecoms." She added that taking a stake in BT was not an obvious move for the company but Mittal’s experience will have given him an understanding of where BT needs to focus.

Joseph said the AI search market was “hotting up”. “The risk from AI is . . . that general web search as a whole is made redundant by new ways of matching users with information, products and services,” he said. The “big unknown”, however, is whether it can be reliable enough for mainstream use. “AI is stubbornly prone to confabulation,” Teasdale said. “At the scale of billions of queries per day, serious failures are inevitable.”

One of the key points of contention is the removal of proposals for controls on material that is “legal but harmful”. The wording sparked concerns of an incursion on free speech, but critics say the U-turn amounts to a watering down of the rules. “These original proposals were too far-reaching and did have the potential of incentivising platforms to limit free speech online,” says Niamh Burns at Enders Analysis. “But it could be argued disinformation has slightly fallen through the cracks in the end.”

Gareth said “The direction of travel for console sales is grim....Microsoft have had a terrible year; Sony have followed them having a terrible quarter. And in some respects, it's not a surprise because what we're seeing is that the model they’re offering is really coming under stress"

As Jamie MacEwan, Enders Analysis pointed out, there’s a clear disconnect between what AI can offer and what makes a good advert. “Marketers want to make AI relatable by showing it in personal and creative settings, but highlighting it in this way makes it easy to caricature as a clumsy or even destructive interloper,” he said.

“Among big tech, Meta is perhaps best placed to realise short-term returns on its AI investments,” comments Jamie MacEwan, Senior Media Analyst at Enders Analysis. “Unlike Google with search, Meta does not have to be concerned about Gen AI replacing its core social networks.” “Meta’s cost control around AI looks better than its rivals, with its capex growth rate coming in at less than half Google or Microsoft’s,” says MacEwan. “Meta doesn’t expect to actually make money from gen AI for years, but ‘Core AI’, where they use the tech to improve ad targeting and content recommendations, is already having an impact,” says MacEwan. “The message to investors is it is better to be early than late, and that this AI infrastructure could be redirected towards core revenue drivers like ranking and recommendations should the demand for pure gen AI products not pan out as hoped.”