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UK Tech News
Barry O’Connell @ UK Tech News · 03/21/2024 01:00 EDT

Cybersecurity must be a priority if the UK is serious about digitising the economy

Whilst governments around the globe have kicked around the metaphorical can of AI regulation, something has been going on in the background. Something tangible, incredibly dangerous and increasingly more frequent: cybercrime. It shouldn’t be the case that in an increasingly digital economy – something the current government is supposedly a big advocate of – businesses, ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/20/2024 07:32 EDT

Cloud-based insurtech startup Arrow Risk Management raises ÂŁ2m

Arrow Risk Management, an insurtech startup that has developed a data-led underwriting platform, has raised £2m. The Arrow Risk Management platform – called Quiver – provides insurance brokers and carriers with real-time data, intending to streamline the process of underwriting and claim evaluation. The cloud-based platform feeds users with comprehensive risk management data. The insurtech ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/20/2024 07:00 EDT

Stanhope raises ÂŁ2.3m to make AI that mimics human brains

Stanhope AI, a London-based startup aiming to apply neuroscience principles to create human-like artificial intelligence, has raised £2.3m. Founded as a spinout of University College London (UCL), Stanhope AI is run by a founding team of neuroscientists and AI researchers who are developing a form of the technology called “agentic AI”. This is an effort ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/20/2024 06:33 EDT

Microsoft hires co-founder of British AI firm DeepMind

Mustafa Suleyman, co-founder of pioneering British AI startup DeepMind, has been appointed to run Microsoft’s new AI division. Microsoft has made no secret of being all in on the current wave of AI technology, having invested heavily in both its internal capabilities and in partner companies like OpenAI. Now launching a new AI-specific arm, Microsoft ... Read more ›

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UK Tech News
Kirstie Pickering @ UK Tech News · 03/20/2024 02:00 EDT

Does the UK have an appetite for a cultivated meat revolution?

Research has found that cultivated meat could cut the climate impact of meat by up to 92% and reduce air pollution by up to 94%. What exactly is the meat source, how is it more sustainable than the traditional meat industry, and does the UK have an opportunity to lead the way in this subsector? ... Read more ›

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UK Tech News
Eamonn Ives @ UK Tech News · 03/20/2024 01:00 EDT

Want to make the UK a tech superpower? Build more houses

In the last decade, Britain’s tech scene has come on leaps and bounds. Judged by the amount of venture capital investment, we’re head and shoulders above our European counterparts. So when the government announced (and subsequently re-announced ad nauseam) its desire to make the UK “the next Silicon Valley” or a “science and tech superpower”, ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/19/2024 08:05 EDT

Tech Nation relaunches Future Fifty programme

Tech Nation’s Future Fifty accelerator programme has relaunched under the ownership of Founders Forum and unveiled the 25 companies in the cohort. The accelerator, designed to support late-stage companies, was first launched in 2014. Its alumni include Monzo, Revolut, Starling Bank, Skyscanner and Deliveroo. Tech Nation said a third of UK unicorns – startups valued ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/19/2024 06:55 EDT

Deputy PM calls for international collaboration on AI deepfakes

The deputy prime minister has called for international collaboration to prevent AI threats to democracy and the electoral process, including through deepfake disinformation. Speaking at the Summit for Democracy in Seoul on Tuesday, Deputy Prime Minister Oliver Dowden announced a multi-government compact to counter AI disinformation from bad actors and “malign foreign states”. The increasingly ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 03/19/2024 06:44 EDT

Trustpilot moves into profit as monthly users grow

Review website Trustpilot has posted a profit of $7.1m (£5.6m) for 2023 with a boost in monthly users driving revenue growth. The London-listed review platform posted an 18% revenue increase to £176.4m, lifting the company to profit after it lost £14.6m in 2022. The company credited the improved performance in 2023 to a 30% increase ... Read more ›

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UK Tech News
Chris Stokel-Walker @ UK Tech News 2 place · 03/19/2024 06:21 EDT

UK plans for flying taxis by 2026 pie in the sky, expert says

The UK government’s ambitious plans for the future of flight have been called “overly optimistic” by an expert, who says the idea we will have flying taxis by 2026 should be treated with “healthy scepticism”. Yesterday, the Department for Transport announced a roadmap that the government hopes would see the first piloted flying taxi flight ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/19/2024 04:00 EDT

Anima raises ÂŁ9.4m for clinic management software

Anima, a work management platform for the healthcare industry, has raised $12m (£9.4m) in a Series A funding round. Founded in 2021, Anima supplies software to medical providers. The company claims to be deployed across 150 NHS clinics. Users can integrate digital health records and receive analytics. The platform also supports appointment creation and tracking, staff ... Read more ›

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UK Tech News
Oliver Pickup @ UK Tech News · 03/19/2024 02:00 EDT

ÂŁ1.1bn to upskill the UK for future tech roles is too little too late

In ordinary circumstances, a figure of £1.1bn – the headline-capturing amount the government announced last week to train “over 4,000” UK students in future technologies – wouldn’t be lamentable. Yet, considering total public spending on education was £116bn in 2022-23, according to the Institute for Fiscal Studies – down 8% from the 2010-11 figure – ... Read more ›

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UK Tech News
Robert Scammell @ UK Tech News · 03/19/2024 01:00 EDT

Podcast: How the UK is gearing up for autonomous vehicle leadership – Oxa’s Gavin Jackson

In this week’s episode of the UKTN Podcast, Oxa CEO Gavin Jackson explains why the UK is well-positioned to be a leader in autonomous vehicles, breaks down Oxa’s strategy for commercialisation, and unpacks who is liable in the event of an autonomous vehicle crashing.   Oxa, formerly known as Oxbotica, is developing software for autonomous ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/18/2024 20:01 EDT

AI funding boom leaving female founders behind, report finds

The influx of cash into AI startups has left women founders behind, according to new research from the Alan Turing Institute. The institute, a government-backed AI and data science research centre, found that just 0.7% or around £73m of venture capital funding for AI software in the UK since 2010 has been invested into women-led ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/18/2024 07:09 EDT

Bill Gates fund backs UK carbon capture startup

London-based carbon capture startup Mission Zero Technologies has secured £21.8m in an investment round backed by a venture fund from Microsoft co-founder Bill Gates. Founded in 2020, Mission Zero Technologies is developing technology to scale the process of removing carbon dioxide from the atmosphere to prevent further global temperature rises. Mission Zero Technologies has built ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 03/18/2024 07:00 EDT

AI voice clone startup faces legal action from music industry

Jammable, a London-based AI startup that generates cloned voices of popular celebrities and characters, is facing legal action from the British music industry over alleged copyright infringements. The British Phonographic Industry (BPI), a trade body for UK music, has accused Jammable, formerly Voicify AI, of infringing on the copyright of artists to create its voice ... Read more ›

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UK Tech News
Nicholas Fearn @ UK Tech News · 03/18/2024 06:34 EDT

Embracing neurodiversity can give startups a competitive edge

Hiring neurodivergent employees can give startups access to unique perspectives and skills. By embracing inclusive recruitment, businesses can increase their competitive advantage. Excelling in areas such as problem-solving, creativity, pattern recognition, analytical thinking and memory, many people with autism, dyslexia, and ADHD are well suited to technical roles. But without a supportive and inclusive working ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/17/2024 20:30 EDT

Investors shouldn’t fear slow years, says British Patient Capital MD

The startup and investor community shouldn’t be too concerned by a year-over-year decline in funding, according to British Patient Capital’s investment managing director. Speaking to UKTN, Ian Connatty, an investment executive at British Patient Capital, part of the state-owned British Business Bank, said that “stats are not going to rise to the sky every year”. ... Read more ›

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UK Tech News
Roeland P-J E Decorte @ UK Tech News · 03/17/2024 20:01 EDT

What the EU AI Act means for startups like mine

As the EU Parliament celebrates being the first to pass a pervasive global framework for AI regulation, the global startup community cautiously awaits the interpretation and implementation of many unclear aspects of the AI Act. The danger that these laws – which will apply to all companies that deploy AI in EU member states – ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 03/15/2024 08:59 EDT

FinTech Scotland partners with Techscaler to support startups

Techscaler, a startup support programme from the Scottish government, has partnered with FinTech Scotland to grow the country’s financial technology sector. Fintech has become one of the UK’s most prominent tech subsectors. While London has become the centre of UK financial technology, fintech firms in Scotland have grown to employ more than 10,500 people. Startups ... Read more ›

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