In the modern business sphere, where the digital realm evolves continually, data is emerging as a key driver of transformation. This evolution is profoundly influential across numerous industries. For the UK’s small and medium-sized enterprises (SMEs), mastering the complex terrain of data represents both formidable challenges and exciting possibilities. The British fintech Payrow provides specialised ... Read more ›
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Bletchley Park – famous for British intelligence – hosted the AI Safety Summit last week. At an associated event in Lancaster House, London, a conversation took place that lacked intelligence. During a softball interview with tech mogul Elon Musk, Prime Minister Rishi Sunak suggested that more British business founders and entrepreneurs should be comfortable with ... Read more ›
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Investment firm Sustainable Ventures has secured £3m to expand its footprint across the country from London to Manchester next year. Barclays Sustainable Impact Capital led the first external raise into the investor. In addition to the northern city, Sustainable Ventures said it has plans for a “number of sites in the UK”. A spokesperson for ... Read more ›
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Lounge, a British social media startup aiming to capitalise on “Facebook’s decline” among a Gen Z audience, has raised $4m (£3.2m) in funding. Lounge has created a platform for users to organise events and engage in communities. Unlike most social media platforms, Lounge doesn’t have a newsfeed. The startup says this prevents “mindless scrolling” and ... Read more ›
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NatWest has upgraded its virtual assistant Cora to use generative AI through a partnership with tech giant IBM. According to the bank, its customer support robot can now retrieve information on products, services and jobs. “We are a relationship bank in a digital world, building trusted, long-term relationships with our customers through meaningful and personalised ... Read more ›
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Monzo has brought on insurtech founder Phoebe Chibuzo Hugh as the head of the challenger bank’s insurance division. Hugh founded the AI-powered insurance startup Brolly in 2016. According to Crunchbase, the firm has so far raised £1.8m in funding. In 2020 the startup was acquired by Direct Line. Monzo launched travel and insurance offerings in ... Read more ›
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Exeter-headquartered crowdfunding platform Crowdcube has acquired secondary liquidity site Semper for an undisclosed amount. The secondary marketplace, which lets investors purchase assets from other investors, will continue under the leadership of founders Mathias Pastor and Balthazar de Lavergne. “We started Semper to help iconic companies attract and retain top talent by making equity more tangible,” ... Read more ›
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Swedish fintech Klarna has established a new UK holding company in an “important” step towards an “eventual IPO” as regulatory debates around buy now pay later (BNPL) continue. Based in Stockholm, Klarna is one of the world’s largest providers of BNPL services, which allow consumers to split the cost of purchases into regular payments. The ... Read more ›
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Who would have thought ‘safety’ might be this government’s legacy? Whether it’s AI and its bid to be regulator-in-chief or its promise to make the UK “the safest place in the world to be online”, Rishi Sunak’s government has bounded eagerly into post-Brexit bureaucracy. The landmark Online Safety Bill – legislation designed to put reins ... Read more ›
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In 2023 London was crowned the world’s top ‘smart centre’, beating US cities like New York and San Francisco for the first time, according to Z/Yen Group’s Smart Centres Index. Not only does the achievement recognise London’s support for and intensity of tech innovation, it also demonstrates the success of the capital’s smart city roadmap, ... Read more ›
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Cambridge chip firm Arm has invested in neighbouring computing firm Raspberry Pi and is expanding their existing partnership. The move by Arm now means it holds a minority stake in the device manufacturer. The companies did not disclose the terms of the deal. Paul Williamson, SVP and GM of IoT line of business at Arm, ... Read more ›
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In today’s hyper-connected world, businesses are no longer mere providers; they’re experience curators. The rise of technology in business practices isn’t just about efficiency, it’s about creating a bespoke experience for every user. Personalisation, driven by tech, has transformed the very fabric of customer relations, reshaping expectations and delivering a new standard of tailored service. ... Read more ›
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After plenty of hype from the government, the first international AI Safety Summit has drawn to a close. The prime minister and the technology secretary promised the world a landmark event that would see the international community come together to jointly tackle what some have called the greatest threat to human existence. The event was ... Read more ›
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Nu Quantum, a Cambridge-headquartered quantum networking startup, has scooped £7m in “pre-Series A” funding. It is building a quantum networking unit that interlocks smaller quantum computers into an overall larger network. By combining them through this method, Nu Quantum hopes it can scale up quantum computers, which is one of the main hurdles associated with ... Read more ›
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What has the AI Safety Summit achieved? Let’s be honest it’s all hollow words and no action. All I see is dither and contradiction. Basically, it’s the worst possible outcome as far as I can see for both the UK technology sector and the progression of safe and secure artificial intelligence for the foreseeable future. ... Read more ›
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Dr Shahram Mossayebi is the co-founder and CEO of Crypto Quantique, a company providing cybersecurity tools to protect internet of things (IoT) devices. The London-based company’s cloud-based and embedded tools use “advanced cryptography” to protect internet-connected devices from hackers. Crypto Quantique has also created a patented semiconductor design to secure IoT hardware. Founded in 2015, ... Read more ›
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The prime minister has announced a joint agreement from “like-minded countries and AI companies” to test the safety of AI models before they are released. Speaking at a press conference for the AI Safety Summit, Prime Minister Rishi Sunak said the agreement would build on the Hiroshima Process from the G7 and the “global partnership ... Read more ›
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London-based insurtech startup Eleos has raised $750,000 (£615,200) in a pre-seed investment round led by Fuel Ventures. Launched in 2023, Eleos partners with brands – predominantly fintechs – to embed income protection insurance and life cover into their products. The company is based in London with an additional team in Lisbon. It has partnered with ... Read more ›
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Revolut has hired a new UK banking chief executive as the fintech continues its regulatory battle to secure a full UK banking licence. Francesca Carlesi will head up Revolut NewCo, an arm of the company established to operate banking services, in December. A veteran fintech executive, Carlesi for the past six years served as the ... Read more ›
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UK supercomputers will receive triple the previously announced funding as part of a government plan to equip researchers with tools to assess the safety of advanced AI models. Cambridge has been selected as the site for the second supercomputer, with Bristol unveiled as the first location last month. The AI Research Resource will now receive ... Read more ›
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24.06.2026 11:29
Last update: 11:21 EDT.
News rating updated: 18:23.
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