A small-batch cheese producer based in the Lake District has become the latest dairy manufacturer to roll out IoT technology as the industry looks to tech solutions to fine-tune processes and deliver efficiencies. Maurice Walton, owner of Appleby Creamery, has deployed the IoT devices to monitor energy use and temperatures across the creamery’s Eden Valley ... Read more ›
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A government-sponsored scheme to boost funding for women founders has encouraged just 4% more investment deals for female-founded companies than the industry average. The latest annual report on the Investing in Women Code from the Department for Business and Trade found that over two-thirds (68%) of VC deals made by its signatories last year were ... Read more ›
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A successful M&A project requires a robust business exit strategy. What are some key tips to ensure a deal goes to plan? To find out how to successfully navigate the M&A process, corporate finance advisers Moore Kingston Smith and UKTN brought together four business leaders with experience buying or selling a tech company. Here are ... Read more ›
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The entrepreneur behind London Tech Drinks has relaunched the forum as Gather, a community of almost 10,000 investors, founders, operators and service providers focused on connecting the tech ecosystem. Mark Shepherd, who began the gathering as an informal meet-up between London tech founders organised via LinkedIn, has now formalised the community to offer deeper networks ... Read more ›
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A former C-suit executive for Remitly and Ancestry has joined Hampshire marketing tech firm Exclaimer as its new CEO. Rob Singer most recently worked as CEO of audio software firm Native Instruments after four years at Remitly and five at Ancestry as its chief marketing officer. “Rob’s extensive experience in technology and marketing, and proven ... Read more ›
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Zevero, a platform for reporting carbon emissions, has raised $7m (£5.3m) in its first seed investment round. Jointly based in London and Singapore, Zevero works with clients operating with large supply chains. The Zevero platform allows clients to understand the climate impact across their supply chain and offers solutions to meet sustainability goals. “At Zevero, ... Read more ›
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A new AI testing facility from Vespertec featuring technology from Nvidia has opened in Stockport. The Greater Manchester town will host the AI lab, which will be offering test drive services to developers. Vespertec’s Test Drive Programme will allow customers to explore, benchmark and validate relevant technologies. The programme can be accessed remotely. The site ... Read more ›
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Learning Technologies Group has pointed to high inflation and the growth in AI adoption as it posted a drop in revenues and cut back its forecasts. The London-based edtech, which provides businesses with digital learning and talent management services, reported a 12% drop in revenue to £250m for the first six months of the year. ... Read more ›
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Dr Nick New, CEO of Optalysys, discusses why the UK must already start preparing for the benefits and the risks of quantum computing technology. “The time absolutely is now to be considering these methods and putting things in place with quantum computing now getting ever closer,” New tells UKTN Podcast host Jane Wakefield. New describes ... Read more ›
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The UK’s data watchdog has taken action against SkyBet after accusing the gambling site of an ‘unlawful’ use of cookies. The Information Commissioner’s Office said Sky Betting and Gaming was processing people’s personal information and sharing it with advertising technology companies as soon as they accessed the SkyBet website – before they had the option ... Read more ›
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An investing app backed by the likes of Serena Williams and billionaire Facebook investor Peter Thiel has shut for business in the UK after reporting widening losses, UKTN can reveal. Soho-based Shares, which launched in the UK in May 2022 and completed a $40m funding round later that year, said it took the decision to ... Read more ›
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Google has issued a rare rebuke against one of its biggest tech rivals after it accused Microsoft of ‘significantly impeding customer choice’ in the UK cloud market. The search engine giant said Microsoft’s software licensing practices impose restrictions which “risk irreversibly tilting the market in Microsoft’s favour at a pivotal moment” and that “technical barriers ... Read more ›
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British investment platform Freetrade today celebrated its first half-year of profitability after revenue surged by more than a third. Founded in 2016, Freetrade is an app for commission-free investing. The company reported £13m in revenue for the period, a 34% surge compared with the first half of 2023. Gross profit hit £12.3m, with Freetrade swinging ... Read more ›
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Telecoms firms will be banned from using the word ‘fibre’ to describe their broadband offerings, the UK’s communications regulator has said, as it seeks to crackdown on misleading information for consumers. Ofcom has said ‘fibre’ must not be used on its own and broadband providers will now need to be clear and unambiguous about whether ... Read more ›
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The move by the UK government to class data centres as critical infrastructure—at a time when pushback on construction and ongoing investment is happening in equal measure—cannot have come soon enough. If the past few months have taught us anything, it’s that how we address the problem of cybersecurity will play a pivotal role in ... Read more ›
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Funding for UK spinouts could be back on the rise, with startups coming out of universities raising £1bn in the first half of the year alone, new research reveals today. Investments in British spinouts have been steadily declining since the record high of 2021 when they brought in £2.73bn, according to a new report published ... Read more ›
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One of Britain’s biggest bakers has expanded the use of AI in its bread manufacturing process after striking a deal with software business IntelliAM AI. Hovis has signed fresh contracts with IntelliAM for its consultancy reliability services, which support reliability and stability in the manufacturing operation. The technology will be deployed across three large Hovis ... Read more ›
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Generative AI-powered document processing firm Parble has been acquired by London-listed Netcall in a €10m deal. The total consideration for the deal is up to €8.7m, plus the assumption of €1.1m net debt, for a total cost of €9.8m (£8.3m). That include €4m payable if Parble achieves a revenue growth target from €1.5 million at ... Read more ›
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Accenture has unveiled a new initiative to close the skills gap in AI in the UK. The consulting firm’s new ‘Regenerative AI’ scheme promises to deliver education and mentorship for individuals of all ages, free of charge, across the UK to help over a million people build their AI skills. The programme will focus on ... Read more ›
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The sale of collapsed EV firm Arrival has been delayed as potential buyers enter negotiations with administrators. EY, the administrators responsible for the UK arm of the former Nasdaq-listed group, said after receiving non-binding offers it has progressed to a due diligence phase of the sales process. According to the latest administrator’s report, the “timeline ... Read more ›
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Most popular sources
Business Insider
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25% 6 |
The Verge
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9% 3 |
Tech Wire Asia
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8% 1 |
Android Authority
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8% 5 |
Tom's Hardware
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8% 5 |
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27.11.2024 11:29
Last update: 11:21 EDT.
News rating updated: 18:22.
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