The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with ÂŁ2m of prizes. First announced by former chancellor Jeremy Hunt during the 2023 Spring Budget speech, the Manchester Prize is an annual competition for AI developers in the UK managed by ... Read more âș
15
VC firm ArÄya Ventures has announced the ÂŁ8.25m initial close of its ÂŁ19m early-stage super angel investment fund. Investors include Bridgerton actress Charithra Chandran, former Credit Suisse CEO Phil Cutts, and former Browns CEO Holli Rogers. The firm, led by exited entrepreneur Rupa Popat, plans to invest in up to 60 pre-seed and seed-stage founders ... Read more âș
0
Womenâs safety has been a long-standing issue that the government has been forced to address, with police chiefs calling the rise in cases against women a ânational emergency.â Last month, official police figures revealed that the number of recorded offences, including stalking, harassment, sexual assault, and domestic violence, had grown by 37% in the past ... Read more âș
0
Every August, young people across the country face the culmination of years of educational preparation â opening letters on exam results day. With university enrolment or a place on an apprenticeship scheme on the line, for many results day will simply represent one step along the path of full, or part-time education. But for others, ... Read more âș
1
Buy now pay later (BNPL) company Klarna has eliminated 1,200 roles with more expected to come as the fintech bets big on AI. The Stockholm-based group has adopted an âattritionâ downsizing policy wherein departing staff are no longer replaced with new hires as more responsibility is handed to automation. Klarna told UKTN that no layoffs ... Read more âș
0
Immigrants play a âcriticalâ role in the UK startup economy and must be protected, according to a new think tank report. Over a third (39%) of the UKâs top 100 fastest-growing companies have a founder born outside of Britain, according to research from the Entrepreneurs Network. This is despite immigrants making up less than 15% ... Read more âș
18
Wisdom, a VC-funded, audio-first social discovery app powered by AI, has announced its acquisition. Founded by Dayo Akinrinade in 2021, Wisdom initially connected people from all walks of life by democratising mentorship and was described as a blend between Clubhouse and MasterClass. The app allowed users to log on and find live conversations they could ... Read more âș
21
The UK Government has unveiled a ÂŁ4m investment in a new generative AI initiative aimed at easing teacher workloads. The project will aggregate government documents, including curriculum guidelines, lesson plans, and anonymised pupil assessments, to train AI systems. The primary goal is to develop AI tools that assist teachers with marking, creating classroom materials, and ... Read more âș
2
Online grocery retailer Ocado has opened two robotically operated customer fulfilment centres in Australia. The centres, which have been developed with the Ocado Smart Platform using AI and automation, were opened in partnership with Australian supermarket chain Coles. The Melbourne and Sydney robotic warehouses are part of a 2019 deal signed by the firms and ... Read more âș
6
London challenger bank OakNorth has secured approval from US regulators for a Representative Office, allowing the firm to market its products in the States. The fintech unicorn announced on Tuesday its application had been authorised by the Federal Reserve and the New York State Department of Financial Services. OakNorth, which in March posted a pre-tax ... Read more âș
0
Sunswap, a clean tech startup aiming to decarbonise the cold chain by manufacturing a refrigeration system that breaks free from what it calls âlegacyâ technology, has secured ÂŁ17.3m. The company, based in Leatherhead, Surrey, has built an âEnduranceâ unit for articulated lorries, which are large vehicles consisting of two main parts: a tractor unit and ... Read more âș
0
This weekâs UKTN Podcast guest is ScotlandIS CEO Karen Meechan. In this episode, Meechan discusses how a shortage of digital skills is holding back an otherwise thriving tech ecosystem in Scotland. Meechan has worked with ScotlandIS â an industry body supporting the nationâs tech sector â for 20 years. Meechan explains how bodies like ScotlandIS ... Read more âș
0
In her first interview as a minister in the tech department, Baroness Jones of Whitchurch discussed the need for the government to be firm on social media companies, Labourâs goal of growing tech outside the capital and keeping the dominance of Big Tech in check. Jones entered the world of tech policy in 2023 as ... Read more âș
0
Tilt, a fashion ecommerce platform founded by former Revolut staff, has closed a ÂŁ13.7m Series A round. Founded in 2021, Tilt is a shopping platform that focuses on community engagement. The Tilt app emulates the content style of apps like TikTok, allowing sellers to perform as content creators. Tilt users can engage with sellers via ... Read more âș
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This weekâs UK tech funding deals include beauty industry software provider Fresha, 3D holographic specialist VividQ, AI customer service chatbot maker Gradient Labs and more. UKTN tracked ÂŁ57.75m worth of UK tech investment this week (19 August to 23 August), a 14% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech ... Read more âș
8
Mollie Claypool is the co-founder and CEO of Automated Architecture (Auar), a startup automating the construction process of timber houses with robots in small production facilities. Combined with a proprietary operating system, the startup is said to strip back the thousands of production lines usually involved in the building process to just a couple. Since it ... Read more âș
0
When it comes to AI, you might be operating under the assumption that taking a wait and see approach is the best way to navigate uncharted territory.  But the reality is AI has already infiltrated almost everything you do day-to-day, from asking Siri to set a timer on your phone to using text prompts while ... Read more âș
2
The UK competition regulator has closed ongoing cases examining Appleâs App Store and Googleâs Play Store as it prepares to roll out new digital markets powers. The Competition and Markets Authority (CMA) has been investigating whether the Big Tech firms have been unfairly using their dominant positions in the app marketplace sector to force developers ... Read more âș
0
VividQ, a deep tech software company based in Cambridge, has raised $7.5m (ÂŁ5.7m) in Series A funding, bringing the companyâs total funding to over $30m. Founded by Darren Milne and Tom Durrant in 2017, the startup specialises in holographic technology, creating 3D and holographic visual experiences. It offers both software and hardware based solutions, and ... Read more âș
33
A Cambridge-based AI startup developing large language model (LLM) technology for law has been acquired by Thomson Reuters. Founded in 2022, Safe Sign Technologies is training AI models to provide legal advice. The startup said its LLM is being trained by world-leading lawyers in the hope of providing a more reliable legal AI than what ... Read more âș
9
London-based AI startup Gradient Labs, founded by three former Monzo staff members, has raised ÂŁ2.8m in seed funding. Gradient Labs is developing a number of large language model AI customer service agents capable of acting âlike humansâ. The startup claims its AI agent can resolve up to 80% of customer queries including using actions and ... Read more âș
0
Most popular sources
Business Insider
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29% 0 |
Tech Wire Asia
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9% 4 |
The Verge
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7% 0 |
Tom's Hardware
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5% 1 |
CNET
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5% 2 |
| View sources » | |
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27.11.2024 18:42
Last update: 18:31 EDT.
News rating updated: 01:31.
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