The UK’s competition regulator has cleared VMware’s $69bn acquisition of Broadcom following an in-depth investigation. The Competition and Markets Authority (CMA) first flagged the deal as potentially harmful in March. The CMA said that Broadcom, an American firm that develops and sells hardware used in computer servers, could gain an unfair competitive advantage by owning ... Read more ›
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Administrators for Karakuri, the Ocado-backed robotic chef startup that raised £13.5m, have sold a portion of the company’s assets for £350,000. Company filings show that a pre-packaged sale of some assets to Henny Penny – a US foodservice equipment company – was agreed on 28 July. The assets included “three prototypes” developed by Karakuri and ... Read more ›
6
Green insecticides startup Solasta Bio has hired a chief strategy officer to lead its overseas team in North Carolina, US. Paula Pinto brings experience from the agricultural chemical firm UPL, where she held various leadership positions such as global head of strategic alliances and B2B. It follows Glasgow-based Solasta Bio recently appointing Dr Daphne Preuss ... Read more ›
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Prime Minister Rishi Sunak is set to spend £100m of public funds on semiconductor procurement to boost Britain’s AI sector and increase computing resource. The government is reportedly in talks with US microchip giants Nvidia, AMD and Intel to procure chips for use in the development of AI technologies. First reported by the Telegraph, the ... Read more ›
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The UK government should invite China to its upcoming AI safety summit, Labour MP and chair of the Business and Trade Select Committee Darren Jones has said. Writing in an opinion piece for UKTN on Monday, Jones said China “ought to be” at the Buckinghamshire summit. However, The Bristol North West MP conceded that “geopolitical ... Read more ›
2
One of the prime minister’s priorities this autumn is the successful delivery of the global AI safety summit. But what does success look like? The AI summit is about safety. These safety concerns can be broadly split in two: national security, and economic risk. National security risk must then be split into military and civil ... Read more ›
79
Fungi-sourced protein company Enough has secured €40m (£34.2m) in equity funding to double its headcount and scale up the business. It has developed a mycoprotein called “ABUNDA” that can be used as an ingredient in plant-based alternative products. Enough says this contains all nine essential amino acids and has high amounts of protein and fibre. ... Read more ›
10
The number of women working in the UK tech industry declined sharply in the second quarter of the year, according to new data. Figures from the Office for National Statistics (ONS) show that between the first and second quarter of the year, the number of women in the British tech industry fell by 3,000. The ... Read more ›
5
The UK’s financial watchdog has told businesses that next month they must comply with new rules aimed at making cryptoasset transfers more transparent. From 1 September, any UK cryptoasset business will have to collect, verify and share information on cryptoasset transfers. The so-called “Travel Rule” aims to align practices across other financial jurisdictions to help ... Read more ›
21
Savings app Communion, launched by the founder behind digital mortgage startup Habito, has raised £2.5m in a pre-seed funding round. The funding announcement coincides with the launch of the Communion app, a new fintech product designed to encourage savings amid an unprecedented rise in the cost of living. The app combines a standard savings account, ... Read more ›
26
While fintech is probably the first industry that springs to mind when you think of London’s tech ecosystem, insurtech has been steadily climbing the ranks. According to a recent study by McKinsey, London has positioned itself as a global leader and boasts the same number of insurtech unicorns – private companies valued at more than ... Read more ›
1
Adele Aitchison is the founder of GrandNanny, a platform matching over 50s with childcare experience and parents searching for part-time childcare. Founded in 2020, GrandNanny currently employs three people, who screen potential GrandNannies and if approved helps them create a profile to send to families that match their criteria. GrandNanny brings in revenue by managing ... Read more ›
2
Payments giant PayPal will stop UK customers from purchasing cryptocurrency while it makes changes to stay in line with upcoming regulatory requirements. The UK financial regulator will bring in rules affecting how companies can market crypto services on 8 October. They include a “cooling-off period” for first-time buyers and scrapping “refer a friend” bonuses. PayPal, ... Read more ›
2
The UK is set to host a global summit on AI safety at the start of November that will see “like-minded” nations convene to discuss the major concerns around the technology. The first global AI safety summit will reportedly take place in the historic Bletchley Park, once a top-secret headquarters for codebreakers in the Second ... Read more ›
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London-based navigation software company What3words has appointed eBit Labs founder Chris Marks as chair. Marks takes on the role as non-executive director and board member. John Lazar, chair of the Raspberry Pi Foundation, has stepped down from the What3words board, company filings show. UKTN has reached out to What3words and Lazar for comment. Marks, writing ... Read more ›
2
WANdisco has secured a more than $400,000 (£315,000) deal with automotive giant General Motors (GM) in a sign that the data firm is getting back into the groove after being hit by a fraud scandal. The AIM-listed data company has been rocked by fraud investigations, suspended shares and an exodus of executives. However, after parachuting ... Read more ›
1
Electric Sheep, a startup looking to replace green screens with AI, has closed a $500,000 (£393,000) pre-seed round. Film and TV shoots currently use a procedure called rotoscoping when removing the background in footage. This is where the subject of a video is isolated. However the problem with this, according to the company, is that ... Read more ›
13
A new UK-based investment vehicle worth up to £1bn has been launched to fund growth-stage fintech companies. The Fintech Growth Fund – backed by major financial institutions including Mastercard, Barclays and the London Stock Exchange Group – will target promising fintechs with investments between £10m and £100m. The fund will invest in firms from Series ... Read more ›
16
Clinical trials software startup Lindus Health has landed $18m (£14.1m) in Series A funding that was led by venture capital firm Creandum. Other investors in the round include billionaire investor Peter Thiel, who co-founded PayPal. He was first revealed as a backer in the round in June. Established in 2021, Lindus Health’s platform has so ... Read more ›
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British electric and hydrogen truck firm Tevva is planning to merge with Nasdaq-listed and Canada-headquartered automaker ElectraMeccanica. ElectraMeccanica produced a three-wheeled electric vehicle called the Solo, but was forced to cease production earlier this year due to a safety defect. It is now turning its attention to electric trucks. Susan Docherty, CEO of ElectraMeccanica, said: ... Read more ›
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13.06.2026 18:32
Last update: 18:15 EDT.
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