EBay to pay $55.7 million in journalists’ cyberstalking case
Critical coverage usually draws an angry email or two. For Ina and David Steiner, it led to live cockroaches, a fetal pig, and a bloody Halloween mask.
On Monday, July 27, eBay and several former executives agreed to pay $55.7 million to resolve the couple’s lawsuit over the 2019 corporate harassment campaign.
The Steiners are the married founders of EcommerceBytes, a news site covering eBay and the broader ecommerce industry. They filed the civil case in 2021 after members of eBay’s security team sent them threats, disturbing packages, and unwanted visitors in an effort to influence the site’s reporting.
Of the $55.7 million settlement, $48.7 million will go directly to the Steiners. EBay will pay $46.15 million, former CEO Devin Wenig will pay $2 million, former senior vice president Wendy Jones will pay $500,000, and former chief communications officer Steve Wymer will pay $50,000. The remaining $7 million will go to nonprofit organizations. EBay will contribute $6 million, while Wenig will donate another $1 million to a group protecting First Amendment rights in Ina Steiner’s name.
The agreement also allows the Steiners to keep talking publicly about the case. It contains no confidentiality provision, a priority for the couple because they wanted the settlement to discourage other corporations from trying to intimidate journalists over critical coverage.
To understand why the Steiners considered that transparency so important, it helps to go back to how the campaign began.
From critical coverage to criminal charges
When eBay’s security team began targeting the Steiners in 2019, the couple had already spent two decades covering the company and other online marketplaces, such as Amazon and Etsy. Through EcommerceBytes, they reported on the issues affecting online sellers, including fees, policy changes, and the executives making those decisions.
The internal lead-up to the campaign only became clear years later — the Steiners initially filed their civil lawsuit in July 2021 and amended it in March 2023. Ina Steiner later told Wired in July 2026 that the litigation gave the couple access to roughly 68,000 documents showing how eBay executives discussed the site behind the scenes.
Those records traced a steady escalation. According to the amended complaint, Wenig sent Wymer a link to an April 10, 2019, EcommerceBytes article about his compensation. Wymer responded, “We are going to crush this lady.”
Mashable Light Speed
The following month, Jones allegedly asked eBay security chief Jim Baugh to address criticism of the company “off the radar” and told him she did not want to know the details. Then, on Aug. 1, 2019, EcommerceBytes published an article questioning Wenig’s handling of eBay’s litigation against Amazon. Within half an hour, Wenig allegedly told Wymer that if they were ever going to “take her down,” referring to Ina Steiner, “now is the time.”
This Tweet is currently unavailable. It might be loading or has been removed.
Four days later, the harassment campaign allegedly began. According to eBay’s admissions to federal prosecutors, members of its security team targeted the Steiners between Aug. 5 and Aug. 23, 2019. Anonymous accounts on what was then Twitter criticized EcommerceBytes and threatened to show up at the couple’s home in Natick, Massachusetts.
The campaign quickly reached their front door. In addition to the cockroaches, fetal pig, and bloody mask, the group allegedly sent live spiders, fly larvae, a funeral wreath, and a book about surviving the death of a spouse. Pornographic magazines addressed to David were allegedly delivered to a neighbor, while Craigslist ads allegedly invited strangers to the Steiners’ home for sex, a block party, and an estate sale. One night, an emergency plumber even arrived unannounced.
As the messages and deliveries continued, the language inside eBay remained aggressive. On Aug. 11, Wymer allegedly told Baugh, “I want to see ashes. As long as it takes. Whatever it takes.” The group also took the harassment offline — several members of eBay’s security team allegedly traveled from California to Massachusetts, followed the Steiners in a rented van, and attempted to install a GPS tracker on their car.
This Tweet is currently unavailable. It might be loading or has been removed.
They also had an unusual plan for how the campaign would end. EBay security manager Brian Gilbert, a former police captain, was allegedly supposed to approach the Steiners and offer to stop the attacks his colleagues were secretly carrying out. EBay would then appear to have solved a problem its own employees had created.
That plan unraveled when the Steiners realized they were being followed and contacted local police. Once members of the group learned they were under investigation, they allegedly made false statements, deleted digital evidence, and falsified records in an attempt to hide eBay’s involvement.
This Tweet is currently unavailable. It might be loading or has been removed.
Wenig, Wymer, and Jones were not criminally charged, and Wenig has maintained that he was requesting a communications response and knew nothing about the harassment. EBay’s internal investigation found his messages inappropriate but said it uncovered no evidence that he authorized the security team’s actions.
Federal prosecutors eventually charged seven former eBay employees and contractors in 2020, all of whom eventually pleaded guilty. Four received prison sentences between July 2021 and October 2022, including Baugh, who was sentenced to 57 months in September 2022. Two others received one year of home confinement later that year. The final defendant, Gilbert, was sentenced in July 2024 to time served and one year of supervised release.
This Tweet is currently unavailable. It might be loading or has been removed.
The consequences also reached eBay itself. In January 2024, federal prosecutors charged the company with six felony offenses, including stalking, witness tampering, and obstruction of justice. EBay admitted to a detailed account of the campaign, paid the maximum penalty of $3 million, and agreed to retain an independent compliance monitor for three years.
The new settlement, though, resolves the Steiners’ civil claims against eBay, Wenig, Jones, and Wymer. The couple also reached separate settlements with the other former employees named in the lawsuit, although those terms were not disclosed.
EBay says it has changed
In a public statement published July 28, 2026, eBay called what happened “wrong, reprehensible and should never have happened.” The company condemned the employees who pleaded guilty and acknowledged the “unprofessional tone” of messages involving Wenig, Wymer, and Jones.
EBay said new leaders have joined the company since 2019 and that it has strengthened its policies, internal controls, and employee training. Wenig has continued to maintain that he knew nothing about the campaign, saying through a representative that he was saddened it happened while he was CEO.
After the packages, threats, surveillance, criminal cases, and six years of litigation, the campaign still failed at its original goal. EcommerceBytes remains online, and Ina Steiner got to publish the news of eBay’s settlement herself. Talk about closure!
#EBay #pay #million #journalists #cyberstalking #case
Critical coverage usually draws an angry email or two. For Ina and David Steiner, it led to live cockroaches, a fetal pig, and a bloody Halloween mask.
On Monday, July 27, eBay and several former executives agreed to pay $55.7 million to resolve the couple’s lawsuit over the 2019 corporate harassment campaign.
The Steiners are the married founders of EcommerceBytes, a news site covering eBay and the broader ecommerce industry. They filed the civil case in 2021 after members of eBay’s security team sent them threats, disturbing packages, and unwanted visitors in an effort to influence the site’s reporting.
Of the $55.7 million settlement, $48.7 million will go directly to the Steiners. EBay will pay $46.15 million, former CEO Devin Wenig will pay $2 million, former senior vice president Wendy Jones will pay $500,000, and former chief communications officer Steve Wymer will pay $50,000. The remaining $7 million will go to nonprofit organizations. EBay will contribute $6 million, while Wenig will donate another $1 million to a group protecting First Amendment rights in Ina Steiner’s name.
The agreement also allows the Steiners to keep talking publicly about the case. It contains no confidentiality provision, a priority for the couple because they wanted the settlement to discourage other corporations from trying to intimidate journalists over critical coverage.
To understand why the Steiners considered that transparency so important, it helps to go back to how the campaign began.
From critical coverage to criminal charges
When eBay’s security team began targeting the Steiners in 2019, the couple had already spent two decades covering the company and other online marketplaces, such as Amazon and Etsy. Through EcommerceBytes, they reported on the issues affecting online sellers, including fees, policy changes, and the executives making those decisions.
The internal lead-up to the campaign only became clear years later — the Steiners initially filed their civil lawsuit in July 2021 and amended it in March 2023. Ina Steiner later told Wired in July 2026 that the litigation gave the couple access to roughly 68,000 documents showing how eBay executives discussed the site behind the scenes.
Those records traced a steady escalation. According to the amended complaint, Wenig sent Wymer a link to an April 10, 2019, EcommerceBytes article about his compensation. Wymer responded, “We are going to crush this lady.”
Mashable Light Speed
The following month, Jones allegedly asked eBay security chief Jim Baugh to address criticism of the company “off the radar” and told him she did not want to know the details. Then, on Aug. 1, 2019, EcommerceBytes published an article questioning Wenig’s handling of eBay’s litigation against Amazon. Within half an hour, Wenig allegedly told Wymer that if they were ever going to “take her down,” referring to Ina Steiner, “now is the time.”
This Tweet is currently unavailable. It might be loading or has been removed.
Four days later, the harassment campaign allegedly began. According to eBay’s admissions to federal prosecutors, members of its security team targeted the Steiners between Aug. 5 and Aug. 23, 2019. Anonymous accounts on what was then Twitter criticized EcommerceBytes and threatened to show up at the couple’s home in Natick, Massachusetts.
The campaign quickly reached their front door. In addition to the cockroaches, fetal pig, and bloody mask, the group allegedly sent live spiders, fly larvae, a funeral wreath, and a book about surviving the death of a spouse. Pornographic magazines addressed to David were allegedly delivered to a neighbor, while Craigslist ads allegedly invited strangers to the Steiners’ home for sex, a block party, and an estate sale. One night, an emergency plumber even arrived unannounced.
As the messages and deliveries continued, the language inside eBay remained aggressive. On Aug. 11, Wymer allegedly told Baugh, “I want to see ashes. As long as it takes. Whatever it takes.” The group also took the harassment offline — several members of eBay’s security team allegedly traveled from California to Massachusetts, followed the Steiners in a rented van, and attempted to install a GPS tracker on their car.
This Tweet is currently unavailable. It might be loading or has been removed.
They also had an unusual plan for how the campaign would end. EBay security manager Brian Gilbert, a former police captain, was allegedly supposed to approach the Steiners and offer to stop the attacks his colleagues were secretly carrying out. EBay would then appear to have solved a problem its own employees had created.
That plan unraveled when the Steiners realized they were being followed and contacted local police. Once members of the group learned they were under investigation, they allegedly made false statements, deleted digital evidence, and falsified records in an attempt to hide eBay’s involvement.
This Tweet is currently unavailable. It might be loading or has been removed.
Wenig, Wymer, and Jones were not criminally charged, and Wenig has maintained that he was requesting a communications response and knew nothing about the harassment. EBay’s internal investigation found his messages inappropriate but said it uncovered no evidence that he authorized the security team’s actions.
Federal prosecutors eventually charged seven former eBay employees and contractors in 2020, all of whom eventually pleaded guilty. Four received prison sentences between July 2021 and October 2022, including Baugh, who was sentenced to 57 months in September 2022. Two others received one year of home confinement later that year. The final defendant, Gilbert, was sentenced in July 2024 to time served and one year of supervised release.
This Tweet is currently unavailable. It might be loading or has been removed.
The consequences also reached eBay itself. In January 2024, federal prosecutors charged the company with six felony offenses, including stalking, witness tampering, and obstruction of justice. EBay admitted to a detailed account of the campaign, paid the maximum penalty of $3 million, and agreed to retain an independent compliance monitor for three years.
The new settlement, though, resolves the Steiners’ civil claims against eBay, Wenig, Jones, and Wymer. The couple also reached separate settlements with the other former employees named in the lawsuit, although those terms were not disclosed.
EBay says it has changed
In a public statement published July 28, 2026, eBay called what happened “wrong, reprehensible and should never have happened.” The company condemned the employees who pleaded guilty and acknowledged the “unprofessional tone” of messages involving Wenig, Wymer, and Jones.
EBay said new leaders have joined the company since 2019 and that it has strengthened its policies, internal controls, and employee training. Wenig has continued to maintain that he knew nothing about the campaign, saying through a representative that he was saddened it happened while he was CEO.
After the packages, threats, surveillance, criminal cases, and six years of litigation, the campaign still failed at its original goal. EcommerceBytes remains online, and Ina Steiner got to publish the news of eBay’s settlement herself. Talk about closure!
![This former notorious red-light district is now one of the world’s top AI hubs | TechCrunch
What every U.K. AI startup wants to know these days is, how can I get office space in King’s Cross?
The area is so hot that a VC firm allegedly recently won a deal by promising a founder office space in the neighborhood. “We stop at nothing to win deals [for] and to support” founders, “including helping them source office space when needed,” the firm told me when asked about the rumor, declining to confirm or deny any details.
The neighborhood’s popularity began back in 2016 when DeepMind — then newly acquired by Google — moved in. Soon after, a flood of AI startups followed, wanting to be around the Google DeepMind magic. Today, they hope to take advantage of the cluster of AI talent there.
This has transformed King’s Cross into one of the world’s top AI hubs, rivaled only by San Francisco and Beijing. Around London, it’s known by the sobriquet “Knowledge Quarter,” as it’s home to names like OpenAI, Meta, Isomorphic Labs, Cusp AI, Wayne, Recursive, and, a little farther down the road, Synthesia and Anthropic. The European Technology Network (ETN) just moved into a glossy new office nearby, while University College London sits around the corner.
Mixed in with the new developments are trendy food spots like Hoppers and BAO. Hop a train from King’s Cross, and founders can be in Cambridge in 45 minutes to source talent or can be in Paris in two hours to strike a deal.
Who would have guessed that a little more than 20 years ago, this was one of the seediest areas in London?
“In the ’80s, crack and heroin made the area a major narcotics market,” Hussein Kanji, an investor at Hoxton Ventures, said, recalling syringes in tree trunks and gangs patrolling the streets. “In 1982, the local church was occupied by the English Collective of Prostitutes for 12 straight days.” Then, in the early 2000s, a real estate developer had a dream and, well, “now it is the AI hotbed of the United Kingdom,” Kanji said. “What a change.” Around 18 months ago, his portfolio company BioCorteX moved from the neighborhood Holborn to the Jellicoe building in King’s Cross, hoping to be near the action. “Lots going on in London right now,” Nik Sharma, co-founder of BioCorteX, told me. “Lots of hyperscalers moving in.” That includes, reportedly, Jeff Bezos’ AI company Prometheus, which is also said to be in talks to move into the Jellicoe.
There are around 3,600 AI startups in London, which, together, have raised around .1 billion out of the .8 billion raised in the city since late July, according to Dealroom. Since the start of June, AI-related startups have leased more than 1 million square feet of office space in London, according to the real estate firm Knight Frank. With that, prime rents in King’s Cross have risen 18% over the past three years, Chris Dunn, a commercial insight associate at the firm, told me. That percentage represents only the largest leases encompassing at least 10,000 square feet, like the ones OpenAI and Prometheus are signing. The shorter deals go for even more, he said, and now the vacancy rate for conventional office space is just 0.9%. “Demand has outstripped supply,” he continued.
Today, one of the big topics of the area is sovereignty. It was a wake-up call for many when Anthropic shut off access to Mythos and Fable this summer, leaving some in the ecosystem to conclude: “We’d better look after ourselves,” Saul Klein, co-founder of the VC firm Phoenix Court, told me.
Phoenix Court is located in the King’s Cross area and has three portfolio companies in the vicinity, including Olix (which just announced a .3 billion valuation), Early Health and CoMind. Robin Klein, co-founder of the firm, said the shutdown of Fable and Mythos access was a “small but sharp reminder that Europe can’t simply rent its AI capabilities and capacity; it needs to build and hold some of its own.” King’s Cross, he said, is where much of this building is actually happening.
“The bigger question,” he continued, “is whether the U.K. builds the infrastructure, compute, energy, capital, to make this self-reliance durable, rather than just hosting outposts of U.S. labs.”
Image Credits:Phoenix Court
Top founders want to stay
Simon Kohl, founder of Latent Labs, has offices in King’s Cross and San Francisco. The London office, at the moment, is growing faster, and he’s more bullish than ever on the ecosystem, he said. “The mood right now feels less like London trying to catch up and more like London becoming one of the default places to start a serious AI company,” he said. Look around and you are likely to see Wayve testing its autonomous cars. Founded in 2017 by co-founder Alex Kendall, the unicorn is one of London’s biggest success stories.
“Ten years ago, building a frontier AI company from London felt like an unusual choice,” Kendall told me. “Now it feels like an obvious one.” Wayve moved into King’s Cross in 2018 looking for a space that could double as a garage — “a rare combination in Central London,” Kendall said. He has watched the ecosystem mature around him — and it’s now evident that a startup can stay in London, raise serious capital, hire world-class AI talent, and remain globally competitive, he said. Down the street from Anthropic’s new 158,000-square-foot office is the AI agent builder Sierra and the AI video platform Synthesia.
Laura Gonzalez Florez, Synthesia’s chief of staff and head of people, says the company moved into its glossy new office building a year ago to accommodate its growing team. They were drawn to the area for the same reason as everyone else: “It’s very close to the airport … very close to where a lot of investors are,” she said.
Image Credits:Synthesia
Around two-thirds of Synthesia’s engineers are remote, Gonzalez Florez said, letting the company tap into an affordable, international, and diverse talent pool and helping it scale faster. “From London, we can hire and work, without any problem, people from anywhere, from Slovenia to Portugal,” she said.
Unsurprisingly, London’s AI boom is also causing a talent war.U.K. AI job postings have skyrocketed in the past few years, per data from PwC. When Anthropic announced it moved into town earlier this year, it listed, for example, a salary range of £260,000 to £630,000 for a machine learning research engineer when the average salary in London for the same role is around £102,000. Some founders in the U.K., like those in Silicon Valley, are being forced to raise more and bigger rounds to keep up.
“The real test is whether more globally significant AI companies are founded, funded, and scaled from the U.K., while continuing to attract the world’s best talent to build them here,” Zain Ali, founder of the King’s Cross-based AI legal firm Centuro, told me. “If that continues to happen, King’s Cross won’t just be an AI hub. It’ll become one of the U.K.’s most important strategic assets.”
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#Thisformernotorious #redlight #districtis #nowone #worlds #top #hubs #TechCrunchUK](https://techcrunch.com/wp-content/uploads/2026/08/DM9A2852.jpg?w=680 "This former notorious red-light district is now one of the world’s top AI hubs | TechCrunch
What every U.K. AI startup wants to know these days is, how can I get office space in King’s Cross?
The area is so hot that a VC firm allegedly recently won a deal by promising a founder office space in the neighborhood. “We stop at nothing to win deals [for] and to support” founders, “including helping them source office space when needed,” the firm told me when asked about the rumor, declining to confirm or deny any details.
The neighborhood’s popularity began back in 2016 when DeepMind — then newly acquired by Google — moved in. Soon after, a flood of AI startups followed, wanting to be around the Google DeepMind magic. Today, they hope to take advantage of the cluster of AI talent there.
This has transformed King’s Cross into one of the world’s top AI hubs, rivaled only by San Francisco and Beijing. Around London, it’s known by the sobriquet “Knowledge Quarter,” as it’s home to names like OpenAI, Meta, Isomorphic Labs, Cusp AI, Wayne, Recursive, and, a little farther down the road, Synthesia and Anthropic. The European Technology Network (ETN) just moved into a glossy new office nearby, while University College London sits around the corner.
Mixed in with the new developments are trendy food spots like Hoppers and BAO. Hop a train from King’s Cross, and founders can be in Cambridge in 45 minutes to source talent or can be in Paris in two hours to strike a deal.
Who would have guessed that a little more than 20 years ago, this was one of the seediest areas in London?
“In the ’80s, crack and heroin made the area a major narcotics market,” Hussein Kanji, an investor at Hoxton Ventures, said, recalling syringes in tree trunks and gangs patrolling the streets. “In 1982, the local church was occupied by the English Collective of Prostitutes for 12 straight days.” Then, in the early 2000s, a real estate developer had a dream and, well, “now it is the AI hotbed of the United Kingdom,” Kanji said. “What a change.” Around 18 months ago, his portfolio company BioCorteX moved from the neighborhood Holborn to the Jellicoe building in King’s Cross, hoping to be near the action. “Lots going on in London right now,” Nik Sharma, co-founder of BioCorteX, told me. “Lots of hyperscalers moving in.” That includes, reportedly, Jeff Bezos’ AI company Prometheus, which is also said to be in talks to move into the Jellicoe.
There are around 3,600 AI startups in London, which, together, have raised around .1 billion out of the .8 billion raised in the city since late July, according to Dealroom. Since the start of June, AI-related startups have leased more than 1 million square feet of office space in London, according to the real estate firm Knight Frank. With that, prime rents in King’s Cross have risen 18% over the past three years, Chris Dunn, a commercial insight associate at the firm, told me. That percentage represents only the largest leases encompassing at least 10,000 square feet, like the ones OpenAI and Prometheus are signing. The shorter deals go for even more, he said, and now the vacancy rate for conventional office space is just 0.9%. “Demand has outstripped supply,” he continued.
Today, one of the big topics of the area is sovereignty. It was a wake-up call for many when Anthropic shut off access to Mythos and Fable this summer, leaving some in the ecosystem to conclude: “We’d better look after ourselves,” Saul Klein, co-founder of the VC firm Phoenix Court, told me.
Phoenix Court is located in the King’s Cross area and has three portfolio companies in the vicinity, including Olix (which just announced a .3 billion valuation), Early Health and CoMind. Robin Klein, co-founder of the firm, said the shutdown of Fable and Mythos access was a “small but sharp reminder that Europe can’t simply rent its AI capabilities and capacity; it needs to build and hold some of its own.” King’s Cross, he said, is where much of this building is actually happening.
“The bigger question,” he continued, “is whether the U.K. builds the infrastructure, compute, energy, capital, to make this self-reliance durable, rather than just hosting outposts of U.S. labs.”
Image Credits:Phoenix Court
Top founders want to stay
Simon Kohl, founder of Latent Labs, has offices in King’s Cross and San Francisco. The London office, at the moment, is growing faster, and he’s more bullish than ever on the ecosystem, he said. “The mood right now feels less like London trying to catch up and more like London becoming one of the default places to start a serious AI company,” he said. Look around and you are likely to see Wayve testing its autonomous cars. Founded in 2017 by co-founder Alex Kendall, the unicorn is one of London’s biggest success stories.
“Ten years ago, building a frontier AI company from London felt like an unusual choice,” Kendall told me. “Now it feels like an obvious one.” Wayve moved into King’s Cross in 2018 looking for a space that could double as a garage — “a rare combination in Central London,” Kendall said. He has watched the ecosystem mature around him — and it’s now evident that a startup can stay in London, raise serious capital, hire world-class AI talent, and remain globally competitive, he said. Down the street from Anthropic’s new 158,000-square-foot office is the AI agent builder Sierra and the AI video platform Synthesia.
Laura Gonzalez Florez, Synthesia’s chief of staff and head of people, says the company moved into its glossy new office building a year ago to accommodate its growing team. They were drawn to the area for the same reason as everyone else: “It’s very close to the airport … very close to where a lot of investors are,” she said.
Image Credits:Synthesia
Around two-thirds of Synthesia’s engineers are remote, Gonzalez Florez said, letting the company tap into an affordable, international, and diverse talent pool and helping it scale faster. “From London, we can hire and work, without any problem, people from anywhere, from Slovenia to Portugal,” she said.
Unsurprisingly, London’s AI boom is also causing a talent war.U.K. AI job postings have skyrocketed in the past few years, per data from PwC. When Anthropic announced it moved into town earlier this year, it listed, for example, a salary range of £260,000 to £630,000 for a machine learning research engineer when the average salary in London for the same role is around £102,000. Some founders in the U.K., like those in Silicon Valley, are being forced to raise more and bigger rounds to keep up.
“The real test is whether more globally significant AI companies are founded, funded, and scaled from the U.K., while continuing to attract the world’s best talent to build them here,” Zain Ali, founder of the King’s Cross-based AI legal firm Centuro, told me. “If that continues to happen, King’s Cross won’t just be an AI hub. It’ll become one of the U.K.’s most important strategic assets.”
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#Thisformernotorious #redlight #districtis #nowone #worlds #top #hubs #TechCrunchUK")
![This former notorious red-light district is now one of the world’s top AI hubs | TechCrunch
What every U.K. AI startup wants to know these days is, how can I get office space in King’s Cross?
The area is so hot that a VC firm allegedly recently won a deal by promising a founder office space in the neighborhood. “We stop at nothing to win deals [for] and to support” founders, “including helping them source office space when needed,” the firm told me when asked about the rumor, declining to confirm or deny any details.
The neighborhood’s popularity began back in 2016 when DeepMind — then newly acquired by Google — moved in. Soon after, a flood of AI startups followed, wanting to be around the Google DeepMind magic. Today, they hope to take advantage of the cluster of AI talent there.
This has transformed King’s Cross into one of the world’s top AI hubs, rivaled only by San Francisco and Beijing. Around London, it’s known by the sobriquet “Knowledge Quarter,” as it’s home to names like OpenAI, Meta, Isomorphic Labs, Cusp AI, Wayne, Recursive, and, a little farther down the road, Synthesia and Anthropic. The European Technology Network (ETN) just moved into a glossy new office nearby, while University College London sits around the corner.
Mixed in with the new developments are trendy food spots like Hoppers and BAO. Hop a train from King’s Cross, and founders can be in Cambridge in 45 minutes to source talent or can be in Paris in two hours to strike a deal.
Who would have guessed that a little more than 20 years ago, this was one of the seediest areas in London?
“In the ’80s, crack and heroin made the area a major narcotics market,” Hussein Kanji, an investor at Hoxton Ventures, said, recalling syringes in tree trunks and gangs patrolling the streets. “In 1982, the local church was occupied by the English Collective of Prostitutes for 12 straight days.” Then, in the early 2000s, a real estate developer had a dream and, well, “now it is the AI hotbed of the United Kingdom,” Kanji said. “What a change.” Around 18 months ago, his portfolio company BioCorteX moved from the neighborhood Holborn to the Jellicoe building in King’s Cross, hoping to be near the action. “Lots going on in London right now,” Nik Sharma, co-founder of BioCorteX, told me. “Lots of hyperscalers moving in.” That includes, reportedly, Jeff Bezos’ AI company Prometheus, which is also said to be in talks to move into the Jellicoe.
There are around 3,600 AI startups in London, which, together, have raised around .1 billion out of the .8 billion raised in the city since late July, according to Dealroom. Since the start of June, AI-related startups have leased more than 1 million square feet of office space in London, according to the real estate firm Knight Frank. With that, prime rents in King’s Cross have risen 18% over the past three years, Chris Dunn, a commercial insight associate at the firm, told me. That percentage represents only the largest leases encompassing at least 10,000 square feet, like the ones OpenAI and Prometheus are signing. The shorter deals go for even more, he said, and now the vacancy rate for conventional office space is just 0.9%. “Demand has outstripped supply,” he continued.
Today, one of the big topics of the area is sovereignty. It was a wake-up call for many when Anthropic shut off access to Mythos and Fable this summer, leaving some in the ecosystem to conclude: “We’d better look after ourselves,” Saul Klein, co-founder of the VC firm Phoenix Court, told me.
Phoenix Court is located in the King’s Cross area and has three portfolio companies in the vicinity, including Olix (which just announced a .3 billion valuation), Early Health and CoMind. Robin Klein, co-founder of the firm, said the shutdown of Fable and Mythos access was a “small but sharp reminder that Europe can’t simply rent its AI capabilities and capacity; it needs to build and hold some of its own.” King’s Cross, he said, is where much of this building is actually happening.
“The bigger question,” he continued, “is whether the U.K. builds the infrastructure, compute, energy, capital, to make this self-reliance durable, rather than just hosting outposts of U.S. labs.”
Image Credits:Phoenix Court
Top founders want to stay
Simon Kohl, founder of Latent Labs, has offices in King’s Cross and San Francisco. The London office, at the moment, is growing faster, and he’s more bullish than ever on the ecosystem, he said. “The mood right now feels less like London trying to catch up and more like London becoming one of the default places to start a serious AI company,” he said. Look around and you are likely to see Wayve testing its autonomous cars. Founded in 2017 by co-founder Alex Kendall, the unicorn is one of London’s biggest success stories.
“Ten years ago, building a frontier AI company from London felt like an unusual choice,” Kendall told me. “Now it feels like an obvious one.” Wayve moved into King’s Cross in 2018 looking for a space that could double as a garage — “a rare combination in Central London,” Kendall said. He has watched the ecosystem mature around him — and it’s now evident that a startup can stay in London, raise serious capital, hire world-class AI talent, and remain globally competitive, he said. Down the street from Anthropic’s new 158,000-square-foot office is the AI agent builder Sierra and the AI video platform Synthesia.
Laura Gonzalez Florez, Synthesia’s chief of staff and head of people, says the company moved into its glossy new office building a year ago to accommodate its growing team. They were drawn to the area for the same reason as everyone else: “It’s very close to the airport … very close to where a lot of investors are,” she said.
Image Credits:Synthesia
Around two-thirds of Synthesia’s engineers are remote, Gonzalez Florez said, letting the company tap into an affordable, international, and diverse talent pool and helping it scale faster. “From London, we can hire and work, without any problem, people from anywhere, from Slovenia to Portugal,” she said.
Unsurprisingly, London’s AI boom is also causing a talent war.U.K. AI job postings have skyrocketed in the past few years, per data from PwC. When Anthropic announced it moved into town earlier this year, it listed, for example, a salary range of £260,000 to £630,000 for a machine learning research engineer when the average salary in London for the same role is around £102,000. Some founders in the U.K., like those in Silicon Valley, are being forced to raise more and bigger rounds to keep up.
“The real test is whether more globally significant AI companies are founded, funded, and scaled from the U.K., while continuing to attract the world’s best talent to build them here,” Zain Ali, founder of the King’s Cross-based AI legal firm Centuro, told me. “If that continues to happen, King’s Cross won’t just be an AI hub. It’ll become one of the U.K.’s most important strategic assets.”
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#Thisformernotorious #redlight #districtis #nowone #worlds #top #hubs #TechCrunchUK](https://i0.wp.com/techcrunch.com/wp-content/uploads/2026/08/DM9A2852.jpg?w=680&ssl=1 "This former notorious red-light district is now one of the world’s top AI hubs | TechCrunch
What every U.K. AI startup wants to know these days is, how can I get office space in King’s Cross?
The area is so hot that a VC firm allegedly recently won a deal by promising a founder office space in the neighborhood. “We stop at nothing to win deals [for] and to support” founders, “including helping them source office space when needed,” the firm told me when asked about the rumor, declining to confirm or deny any details.
The neighborhood’s popularity began back in 2016 when DeepMind — then newly acquired by Google — moved in. Soon after, a flood of AI startups followed, wanting to be around the Google DeepMind magic. Today, they hope to take advantage of the cluster of AI talent there.
This has transformed King’s Cross into one of the world’s top AI hubs, rivaled only by San Francisco and Beijing. Around London, it’s known by the sobriquet “Knowledge Quarter,” as it’s home to names like OpenAI, Meta, Isomorphic Labs, Cusp AI, Wayne, Recursive, and, a little farther down the road, Synthesia and Anthropic. The European Technology Network (ETN) just moved into a glossy new office nearby, while University College London sits around the corner.
Mixed in with the new developments are trendy food spots like Hoppers and BAO. Hop a train from King’s Cross, and founders can be in Cambridge in 45 minutes to source talent or can be in Paris in two hours to strike a deal.
Who would have guessed that a little more than 20 years ago, this was one of the seediest areas in London?
“In the ’80s, crack and heroin made the area a major narcotics market,” Hussein Kanji, an investor at Hoxton Ventures, said, recalling syringes in tree trunks and gangs patrolling the streets. “In 1982, the local church was occupied by the English Collective of Prostitutes for 12 straight days.” Then, in the early 2000s, a real estate developer had a dream and, well, “now it is the AI hotbed of the United Kingdom,” Kanji said. “What a change.” Around 18 months ago, his portfolio company BioCorteX moved from the neighborhood Holborn to the Jellicoe building in King’s Cross, hoping to be near the action. “Lots going on in London right now,” Nik Sharma, co-founder of BioCorteX, told me. “Lots of hyperscalers moving in.” That includes, reportedly, Jeff Bezos’ AI company Prometheus, which is also said to be in talks to move into the Jellicoe.
There are around 3,600 AI startups in London, which, together, have raised around .1 billion out of the .8 billion raised in the city since late July, according to Dealroom. Since the start of June, AI-related startups have leased more than 1 million square feet of office space in London, according to the real estate firm Knight Frank. With that, prime rents in King’s Cross have risen 18% over the past three years, Chris Dunn, a commercial insight associate at the firm, told me. That percentage represents only the largest leases encompassing at least 10,000 square feet, like the ones OpenAI and Prometheus are signing. The shorter deals go for even more, he said, and now the vacancy rate for conventional office space is just 0.9%. “Demand has outstripped supply,” he continued.
Today, one of the big topics of the area is sovereignty. It was a wake-up call for many when Anthropic shut off access to Mythos and Fable this summer, leaving some in the ecosystem to conclude: “We’d better look after ourselves,” Saul Klein, co-founder of the VC firm Phoenix Court, told me.
Phoenix Court is located in the King’s Cross area and has three portfolio companies in the vicinity, including Olix (which just announced a .3 billion valuation), Early Health and CoMind. Robin Klein, co-founder of the firm, said the shutdown of Fable and Mythos access was a “small but sharp reminder that Europe can’t simply rent its AI capabilities and capacity; it needs to build and hold some of its own.” King’s Cross, he said, is where much of this building is actually happening.
“The bigger question,” he continued, “is whether the U.K. builds the infrastructure, compute, energy, capital, to make this self-reliance durable, rather than just hosting outposts of U.S. labs.”
Image Credits:Phoenix Court
Top founders want to stay
Simon Kohl, founder of Latent Labs, has offices in King’s Cross and San Francisco. The London office, at the moment, is growing faster, and he’s more bullish than ever on the ecosystem, he said. “The mood right now feels less like London trying to catch up and more like London becoming one of the default places to start a serious AI company,” he said. Look around and you are likely to see Wayve testing its autonomous cars. Founded in 2017 by co-founder Alex Kendall, the unicorn is one of London’s biggest success stories.
“Ten years ago, building a frontier AI company from London felt like an unusual choice,” Kendall told me. “Now it feels like an obvious one.” Wayve moved into King’s Cross in 2018 looking for a space that could double as a garage — “a rare combination in Central London,” Kendall said. He has watched the ecosystem mature around him — and it’s now evident that a startup can stay in London, raise serious capital, hire world-class AI talent, and remain globally competitive, he said. Down the street from Anthropic’s new 158,000-square-foot office is the AI agent builder Sierra and the AI video platform Synthesia.
Laura Gonzalez Florez, Synthesia’s chief of staff and head of people, says the company moved into its glossy new office building a year ago to accommodate its growing team. They were drawn to the area for the same reason as everyone else: “It’s very close to the airport … very close to where a lot of investors are,” she said.
Image Credits:Synthesia
Around two-thirds of Synthesia’s engineers are remote, Gonzalez Florez said, letting the company tap into an affordable, international, and diverse talent pool and helping it scale faster. “From London, we can hire and work, without any problem, people from anywhere, from Slovenia to Portugal,” she said.
Unsurprisingly, London’s AI boom is also causing a talent war.U.K. AI job postings have skyrocketed in the past few years, per data from PwC. When Anthropic announced it moved into town earlier this year, it listed, for example, a salary range of £260,000 to £630,000 for a machine learning research engineer when the average salary in London for the same role is around £102,000. Some founders in the U.K., like those in Silicon Valley, are being forced to raise more and bigger rounds to keep up.
“The real test is whether more globally significant AI companies are founded, funded, and scaled from the U.K., while continuing to attract the world’s best talent to build them here,” Zain Ali, founder of the King’s Cross-based AI legal firm Centuro, told me. “If that continues to happen, King’s Cross won’t just be an AI hub. It’ll become one of the U.K.’s most important strategic assets.”
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