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OpenAI Opens 88,500-Square-Foot London Office For 500 Employees

OpenAI Expands London Presence With New Office

OpenAI opened its first permanent office in London, expanding its international operations. The site spans 88,500 square feet in King’s Cross and is designed to accommodate more than 500 employees. The expansion follows a decision to pause a planned U.K. infrastructure project, according to CNBC.

Strategic Investment In London

OpenAI plans to scale its London operations as a key research center outside the United States. The company currently employs около 200 staff in the city, with hiring expected to increase. Phoebe Thacker, London Site Lead at OpenAI, said the U.K. offers a strong talent base and an established AI research ecosystem. The new office is intended to support continued team growth.

Navigating U.K. Energy And Regulatory Challenges

The expansion comes alongside a pause in OpenAI’s U.K. Stargate project, linked to high industrial energy costs and regulatory constraints. Discussions with project partner Nscale are ongoing. Industry observers note that industrial energy prices in the U.K. remain among the highest globally, affecting the economics of large-scale AI infrastructure.

The U.K.’s Ambitious AI Strategy

The U.K. government launched its AI Opportunities Action Plan in early 2025, contributing to increased investment activity. Venture funding in the sector reached $6.7 billion during the year. Recent deals include $2 billion raised by Nscale, $1.2 billion by Wayve, and $500 million by ElevenLabs. These investments reflect continued interest in AI infrastructure, autonomous systems, and voice technologies.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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