Fintech group Wise has announced the appointment of Scott Hill, a long-time tech executive, to its board of directors. Hill, who will join the board of Wise as an independent non-executive director, has held a number of prominent roles in the international fintech industry, including a more than 10-year period working as the chief financial ... Read more ›
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Four years ago, the UK convened the first global AI Safety Summit at Bletchley Park – a symbolic setting that reminded the world of Britain’s computing heritage and of the responsibility that comes with leadership. Last month, that conversation continued in New Delhi at the fourth annual AI summit – proof that what began as ... Read more ›
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UK Private Capital, an industry group representing the country’s private equity and venture capital firms, has called on the government to introduce a new form of relief to encourage late-stage investments. The group has urged for the introduction of Scaleup Reinvestment Relief (SRR), which would create a new capital gains tax reinvestment relief that would ... Read more ›
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The UK government has launched an expansive consultation on the subject of how technology is impacting the safety of children, the results of which could have far-reaching consequences in the AI, social media and video game sectors. Described by the government as the “world’s most ambitious consultation” of its kind, it aims to gather views ... Read more ›
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Eight projects proposing ways in which AI can be incorporated into public sector work have been selected as semi-finalists in a government-sponsored competition. Run by digital business and technology service provider NTT DATA, the Civil Service AI and Data Challenge encouraged public sector workers to propose projects utilising the technology to improve services. Among the ... Read more ›
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This week’s UK tech funding deals include autonomous driving software group Wayve, engineering simulation company BeyondMath and more. UKTN tracked a whopping £1.08bn worth of UK tech investment this week (23 February to 27 February), an almost 1,000% week-on-week increase across seven funding rounds, carried largely by the enormous Series D round raised by Wayve. ... Read more ›
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The vast majority of the British public would support a ban on social media for under-16s, according to a new survey from The Harris Poll UK. According to the group’s survey of 1,000 UK adults, as many as 78% were supportive of a ban, similar to legislation brought in by Australia that came into effect ... Read more ›
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Andrew Bud is the founder and chief executive of iProov, a biometric face verification company used by banks, governments, and enterprises to secure online interactions. In this week’s Founder in Five Q&A, Bud discusses why to be an effective leader, a founder must own any mistakes they make without blaming their team, why you need to ... Read more ›
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Property platform Rightmove has in part credited its investments in AI integration with the surge in profits seen in its latest financial results. The company posted an operating profit of £287.9m for the year ended December 2025, representing a 12% surge from the year before. According to its financial report, the period saw 31 live ... Read more ›
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Scottish tech group Skyscanner is exploring how generative AI can be used in the flight planner sector with the launch of a new app in ChatGPT. The Skyscanner app, powered by OpenAI’s flagship generative model, will allow users to give custom requests using natural language and receive tailored responses for trip planning. Skyscanner is among ... Read more ›
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Callosum, a startup founded by Cambridge scientists Danyal Akarca and Jascha Achterberg, has raised $10.25m (£7.5m). Akarca and Achterberg, who met during their PHDs at Cambridge, founded Callosum to challenge the idea of an AI monoculture. At the heart of this concept is the idea that scaling a single AI model on identical chips at ... Read more ›
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US AI giant OpenAI has announced plans to establish London as its largest research hub outside of its home city of San Francisco. OpenAI has been working extensively in the British tech and AI ecosystem. The company’s first international office was established in London in 2023, it has launched a UK-based accelerator programme in partnership ... Read more ›
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Government ministers have called on the UK’s regulatory bodies to publish plans outlining how they can each support the safe adoption of AI across their jurisdictions. Technology Secretary Liz Kendall and her predecessor, now serving as Business Secretary, Peter Kyle, jointly wrote to the 19 regulators deemed to be responsible for the sectors with the ... Read more ›
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SolveAI, a London-based startup building a no-code automated software development platform, has raised $45m (£33.3m) Series A round led by Google Ventures. Alongside the new funding round, SolveAI has also announced a previously undeclared $5m (£3.7m) seed investment led by Accel. Founded in 2025 by former Palantir engineer Steve Basher, SolveAI has built its platform ... Read more ›
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Fintech group ClearBank has moved into its new headquarters in the City of London’s Broadgate Tower, announced at an opening event with Economic Secretary to the Treasury Lucy Rigby. Though ClearBank has stated its plans to heavily target overseas expansion, having recently appointed former Uber payments boss Tristan Kirchner as its European chief executive, the ... Read more ›
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Seraphim Space, a venture capital investment group focused solely on the space tech industry, has exceeded $100m (£74m) at the close of its latest fund. An early-stage venture fund, the investment vehicle has so far backed 17 companies, all based around how advanced space technology, combined with AI, can make a major impact on the ... Read more ›
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Allica Bank, a challenger lender that works with SMEs, has been crowned as the UK’s latest fintech unicorn after a new $155m (£114.7m) Series D round valued it at $1.2bn. First launched in its current state in 2019, London-headquartered Allica Bank currently works with more than 30,000 SMEs across the UK, representing as much as ... Read more ›
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As part of the government’s continuing efforts to meet its pledge to stop violence against women and girls as well as to protect young people from digital harms via the Online Safety Act (OSA), the signs are pointing to a complete ban of social media for children. Talks of a ban have been happening for ... Read more ›
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The British Business Bank and VC group Haatch have committed £32m to back promising and diverse angel syndicates in the UK. The capital is being invested via a platform managed by Haatch, an existing partner of British Business Bank, with more angel investment syndicates set to be onboarded in the coming months. Syndicates already part ... Read more ›
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BeyondMath, a London-based deep tech firm developing a “generative physics model” to conduct engineering simulations, has raised $10m (£7.4m) in a seed extension round. The extension brings the company’s completed seed round to a total of £13.8m. BeyondMath was founded by ex-Google employees as a way to provide advanced engineering teams the ability to generate ... Read more ›
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20.04.2026 11:35
Last update: 11:25 EDT.
News rating updated: 18:21.
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