Bernie Miles, a former executive at buy now pay later (BNPL) firm Klarna, has joined the C-suite of fintech group Tide. Miles joins the SME financial platform as its new chief data and technology officer where he will oversee the business’s push into a new AI-first business management platform approach. Miles, who will report directly ... Read more ›
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The Chancellor has announced a £1.7bn investment package that will go towards scaling the tech and industrial strengths of various cities in northern England. Part of a larger previously announced £2.3bn industrial investment package, the new funding will in part support the digital and technology sectors in cities like Manchester and Liverpool, as well the ... Read more ›
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Partech Partners has secured a €20m (£17.3m) commitment from the British Business Bank in support of its €300m (£260m) Impact Fund. Founded 40 years ago, Partech is a Paris-based technology investor that backs European impact firms addressing societal and environmental challenges. British Business Bank’s backing of the fund follows a €30m (£25.9m) commitment it previously ... Read more ›
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The UK government has rolled back previously announced plans to introduce a broad copyright exception with an opt-out option for the training of AI models on copyrighted materials. Announced in a new report published by the Tech Department on Wednesday, the government has shifted away from a plan that would give AI developers essentially free ... Read more ›
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The UK Space Agency has committed to working closely with its equivalent in Ukraine as the countries look to develop one of the most promising industries for the future. An agreement was signed between the UK Space Agency and the State Space Agency of Ukraine during a meeting at the Ukrainian embassy in London. The ... Read more ›
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VerbaFlo, a real estate platform that centres conversational AI in its service, has raised a $7m (£5.24m) seed round. Founded in 2024, VerbaFlo was built to incorporate AI into real estate, automating leasing, operations and providing a conversational engagement platform for residents. “Real estate is one of the largest industries in the world, yet much ... Read more ›
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An online advert for an AI video generation tool has been banned by UK regulators due to its use of nudification as a selling point. The advert, which appeared on YouTube promoting a service called PixVideo, has been deemed “irresponsible, offensive and harmful”. It displayed a side-by-side comparison images of a young woman illustrating a ... Read more ›
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Virgin Startup has announced a new £20m funding pot for startups in the next financial year after hitting the £100m milestone for loans funding issued. Since becoming a national business support partner for the British Business Bank’s Start Up Loans programme in 2013, Virgin Startup has supported over 7000 founders across the UK, including environmental ... Read more ›
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First Concepts, the AI-native workspace for early stage creative work, has raised £750k in pre-seed funding less than nine months after the startup was founded. The platform is built on three foundational pillars: a creative DNA taste engine that learns individual and brand judgement, a unified interface focused on context, and a tool agnostic infrastructure ... Read more ›
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The SuperSeed Fund III has secured a commitment of up to £50m from the British Business Bank to invest in B2B AI and SaaS startups. Fund III is focused on seed-stage companies building physical AI. This refers to artificial intelligence applied to physical industries such as manufacturing, energy, construction and autonomous systems. The Bank has ... Read more ›
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HSBC UK has launched a £5bn AI and productivity financing initiative to help UK businesses invest in essential, future-ready capabilities. UK mid-sized companies could generate an additional £105bn in revenue by 2030 if current AI adoption trends continue, according to new research carried out by the Centre for Economics and Business Research (Cebr) on behalf ... Read more ›
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This week’s podcast guest is Dr Farzana Rahman, chief executive officer of Hexarad, who discusses her journey from medical doctor to startup founder, how companies like hers are tackling the high demand for medical treatments not being met by the NHS and how AI is being used in the health tech ecosystem. Hexarad is an end-to-end radiology ... Read more ›
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The potential for emerging technologies to deliver new jobs, public services which are fit for the future, and everyday improvements to all our lives is a defining opportunity. We can either be proactive, and build on the foundations now which will see us realise those opportunities in full, or fall behind and spend the coming decades playing catch-up. We will not play catch up. When ... Read more ›
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Tracebit, a London-based cyber startup specialising in threat detection for cloud businesses, has secured a £15m Series A round that will support its expansion in the US. Founded in 2023 by former employees of Tessian, Tracebit was launched to offer deception technology in the era of cloud computing. Deception technology is a cyber threat detection ... Read more ›
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A new programme worth up to £2bn of government investment will strive to keep the UK at the forefront of quantum innovation, says technology secretary and chancellor Liz Kendall. The ProQure:Scaling UK Quantum Computing procurement programme will launch next week, when companies will be invited to table proposals to partner with DSIT and deliver prototypes for evaluation. These prototypes will be assessed, and selected ... Read more ›
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The UK government is investing £45m in a supercomputer based in the country’s first designated AI Growth Zone at the UK Atomic Energy Authority campus in Culham, Oxfordshire. Called Sunrise, the 1.4MW supercomputer was announced as part of the government Fusion Strategy, a document outlining how the UK aims to grow the fusion industry. With ... Read more ›
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Ternary Therapeutics, a biotech startup building an AI platform to create a class of medicines known as “molecular glues”, has secured a £3.6m seed investment. The London-based business was founded in 2024 to develop a platform combining machine learning and physics-based molecular modelling and rapid laboratory testing to design a new class of medicines known ... Read more ›
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Faculty AI co-founder and chief executive Dr Marc Warner is set to become the chief technology officer of consulting giant Accenture following the completion of its acquisition of the AI firm. Founded in 2014, Faculty offers AI strategy, safety, design and implementation services to companies and public sector group looking to implement the technology. Its ... Read more ›
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Chorus Intelligence, a provider of investigative software for law enforcement, has secured a £15m investment from Maven Capital Partners. The investment, which came from Maven’s UK Regional Buyout Fund II, will support the development of the Chorus Intelligence Suite (CIS), a software platform used by government agencies and law enforcement groups to carry out investigations. ... Read more ›
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The vast majority of UK tech firms are based outside of London, according to new data that reveals the overlooked impact of businesses beyond the capital. New data from Beauhurst commissioned by Startup Coalition and UK Tech Week found that as many as two-thirds of Britain’s tech businsesses are based outside of London. The data ... Read more ›
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04.06.2026 19:32
Last update: 19:20 EDT.
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