US AI giants like Anthropic and OpenAI are racing to expand in London, taking record office space, even as the boom squeezes local UK startups.

An influx of foreign AI companies from the US to the Nordics poses risks to London's homegrown startups’ recruitment efforts.

US AI giants like Anthropic and OpenAI are racing to expand in London, taking record office space, even as the boom squeezes local UK startups.

The U.K. capital has become a key growth target for many of the world's most talked about AI companies.