A quarter of those over 55 plan to start their own business in 2024, according to research by Virgin StartUp. Of the 2,000 UK adults surveyed, 32% of Brits aged 55 or over said they have been thinking about starting a business this year. Nearly a quarter â 23% â have already taken steps to ... Read more âș
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Bristol-based biotech startup CellVoyant has secured ÂŁ7.6m in funding to commercialise its imaging technology that uses AI to predict the behaviour of live stem cells. Founded in 2021 as a spinout from the University of Bristol, CellVoyant has created a patent-pending platform that extracts information from âhundreds of millions of cells within complex mixturesâ. This, ... Read more âș
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The climate emergency is one of the most pressing issues of our time. It is no surprise, then, that when asked about it ahead of COP28, six in 10 Brits viewed it as a top concern. This makes it the fourth most important issue after the cost of living, the NHS, and the economy. The ... Read more âș
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The science and technology secretary is aiming to make the UK a âscaleup powerhouseâ and increase its proportion of tech unicorn companies across Europe. In a speech to tech industry leaders outlining her departmentâs priorities for 2024, taking place later today in east London, Michelle Donelan is expected to say that the UK has âthe ... Read more âș
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An agreement for Fujitsu to support Greater Manchesterâs advanced manufacturing investment zone is in question over the Japanese IT giantâs role in the Post Office scandal. The Greater Manchester Combined Authority (GMCA) signed an âexploratory partnership agreementâ with Fujitsu in December during a trade mission to Tokyo. It will explore ways to apply Fujitsuâs âtechnical ... Read more âș
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London-based Thema has launched a venture fund platform to provide capital and support to investors looking to create a standalone VC fund. Thema will act as a cornerstone limited partner in new funds, writing tickets of up to ÂŁ5m and providing operational support. Themaâs focus is pan-European. The VC fund investor said its âall-in-one packageâ ... Read more âș
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Detected, a fintech onboarding startup, has raised $2.5m (ÂŁ2m) in a follow-on investment round from Thomson Reuters and Love Ventures. Founded in 2020, Detected is a software platform for onboarding fintech customers. The platform is comprised of a case management dashboard that aims to display customer profiles simply and clearly. Based in London and New ... Read more âș
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The majority of research and development (R&D) tax credit claims were disputed or rejected last year, according to new research. R&D tax credits are part of a government scheme to incentivise innovation. They offer companies tax relief on investments in developing new technologies. Last year, 59% of R&D claims were either challenged or declined, according ... Read more âș
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AI roles now make up more than a quarter of tech jobs advertised in the UK, according to new research from Thomson Reuters. The current boom era of AI, ushered in by generative technologies like ChatGPT, has put major pressure on tech companies to embrace what many are projecting will be an era-defining technology. Newly ... Read more âș
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The UK will publish a series of tests to determine when and how to legislate AI technology, according to reports. The government is set to clarify its criteria on what developments would be required for it to push for new laws governing AI, according to a report from the Financial Times. The tech department has ... Read more âș
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Japanese IT company Fujitsuâs market valuation has dropped by more than $1bn since December as outrage over its role in the Post Office scandal continues. A recent drop in Fujitsu shares has left the company with a market capitalisation of $27.09bn, down from the $28.41bn just one month prior amid scrutiny of Fujitsuâs other UK ... Read more âș
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The UKâs data protection regulator has fined food delivery company HelloFresh ÂŁ140,000 for sending millions of spam emails and texts. Over a seven-month period the recipe box firm sent 79 million spam emails and 1 million spam texts, according to the Information Commissionerâs Office (ICO). The Gousto rival has been issued the fine because customers ... Read more âș
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Dr Muhunthan Thillai is the CEO and co-founder of Qureight, a company that has developed software to analyse clinical images, data and biomarkers. The Cambridge-based tech firm works with pharmaceutical companies, hospitals and research organisations. Qureightâs algorithms structure data from clinical trials to provide insights that can improve treatments and speed up the drug approval ... Read more âș
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London-listed review platform Trustpilot has said it expects revenue for the 2023 financial year of $176m (ÂŁ137m), which would represent a 17% year-on-year increase. Trustpilot, which is headquartered in Copenhagen, Denmark, said it profitability is ahead of expectations for the year and has commenced a ÂŁ20m share buyback programme. It has entered into an agreement ... Read more âș
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The worldâs largest tech companies will soon face stricter competition requirements in the UK, including algorithmic transparency and supporting competitorsâ products. The Competition and Markets Authority (CMA) today published its policy paper outlining how it will approach its expanded role in regulator large tech companies, following a request from ministers. The goal of the new ... Read more âș
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Shares in cybersecurity company Darktrace jumped by as much as 10% today as the firm posted annual recurring revenue growth of nearly 25%. In its latest trading update, London-listed Darktrace reported that ARR for the six months ended 31 December 2023 increased by 24.3% to $701.7m (ÂŁ550.9m). The Cambridge-headquartered company said the growth was down ... Read more âș
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British insurtech company Hyperexponential has secured $73m (ÂŁ57.3m) funding in a Series B round backed by Silicon Valley investor Andreessen Horowitz. Hyperexponential provides modelling software to insurance companies to determine policy prices. Its pricing intelligence tools are used by the likes of Aviva and Conduit Re during underwriting. The all-equity round was led by investment ... Read more âș
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NumberEight, a startup using AI to deliver consumer behaviour insights to advertisers, has raised $2.7m (ÂŁ2.1m). Based in London, NumberEight has developed an AI tool to detect the behaviour of device users for advertisers, which can use the information to send personalised ads without needing cookies. âAgainst the current zeitgeist of increasing privacy regulations and ... Read more âș
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Furbnow, a climate tech startup in Birmingham retrofitting homes to reduce carbon emissions, has raised ÂŁ950,000 in pre-seed funding. Founded in 2022, Furbnow was launched to reduce the carbon impact of the average household. According to the Committee on Climate Change, homes account for approximately 20% of carbon emissions and a study from the Buildings ... Read more âș
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The UK tax authority has issued warnings to millions of people holding cryptocurrencies that self-assessment tax returns must be submitted for crypto gains. HM Revenue and Customs warned that income from cryptocurrencies above the tax-free allowance must be declared to avoid paying late filing penalties and interest charged on the amount owed. Research from the ... Read more âș
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23.06.2026 23:55
Last update: 23:50 EDT.
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