Eight projects proposing ways in which AI can be incorporated into public sector work have been selected as semi-finalists in a government-sponsored competition. Run by digital business and technology service provider NTT DATA, the Civil Service AI and Data Challenge encouraged public sector workers to propose projects utilising the technology to improve services. Among the ... Read more ›
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Andrew Bud is the founder and chief executive of iProov, a biometric face verification company used by banks, governments, and enterprises to secure online interactions. In this week’s Founder in Five Q&A, Bud discusses why to be an effective leader, a founder must own any mistakes they make without blaming their team, why you need to ... Read more ›
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Property platform Rightmove has in part credited its investments in AI integration with the surge in profits seen in its latest financial results. The company posted an operating profit of £287.9m for the year ended December 2025, representing a 12% surge from the year before. According to its financial report, the period saw 31 live ... Read more ›
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Scottish tech group Skyscanner is exploring how generative AI can be used in the flight planner sector with the launch of a new app in ChatGPT. The Skyscanner app, powered by OpenAI’s flagship generative model, will allow users to give custom requests using natural language and receive tailored responses for trip planning. Skyscanner is among ... Read more ›
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Callosum, a startup founded by Cambridge scientists Danyal Akarca and Jascha Achterberg, has raised $10.25m (£7.5m). Akarca and Achterberg, who met during their PHDs at Cambridge, founded Callosum to challenge the idea of an AI monoculture. At the heart of this concept is the idea that scaling a single AI model on identical chips at ... Read more ›
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US AI giant OpenAI has announced plans to establish London as its largest research hub outside of its home city of San Francisco. OpenAI has been working extensively in the British tech and AI ecosystem. The company’s first international office was established in London in 2023, it has launched a UK-based accelerator programme in partnership ... Read more ›
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Government ministers have called on the UK’s regulatory bodies to publish plans outlining how they can each support the safe adoption of AI across their jurisdictions. Technology Secretary Liz Kendall and her predecessor, now serving as Business Secretary, Peter Kyle, jointly wrote to the 19 regulators deemed to be responsible for the sectors with the ... Read more ›
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SolveAI, a London-based startup building a no-code automated software development platform, has raised $45m (£33.3m) Series A round led by Google Ventures. Alongside the new funding round, SolveAI has also announced a previously undeclared $5m (£3.7m) seed investment led by Accel. Founded in 2025 by former Palantir engineer Steve Basher, SolveAI has built its platform ... Read more ›
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Fintech group ClearBank has moved into its new headquarters in the City of London’s Broadgate Tower, announced at an opening event with Economic Secretary to the Treasury Lucy Rigby. Though ClearBank has stated its plans to heavily target overseas expansion, having recently appointed former Uber payments boss Tristan Kirchner as its European chief executive, the ... Read more ›
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Seraphim Space, a venture capital investment group focused solely on the space tech industry, has exceeded $100m (£74m) at the close of its latest fund. An early-stage venture fund, the investment vehicle has so far backed 17 companies, all based around how advanced space technology, combined with AI, can make a major impact on the ... Read more ›
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Allica Bank, a challenger lender that works with SMEs, has been crowned as the UK’s latest fintech unicorn after a new $155m (£114.7m) Series D round valued it at $1.2bn. First launched in its current state in 2019, London-headquartered Allica Bank currently works with more than 30,000 SMEs across the UK, representing as much as ... Read more ›
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As part of the government’s continuing efforts to meet its pledge to stop violence against women and girls as well as to protect young people from digital harms via the Online Safety Act (OSA), the signs are pointing to a complete ban of social media for children. Talks of a ban have been happening for ... Read more ›
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The British Business Bank and VC group Haatch have committed £32m to back promising and diverse angel syndicates in the UK. The capital is being invested via a platform managed by Haatch, an existing partner of British Business Bank, with more angel investment syndicates set to be onboarded in the coming months. Syndicates already part ... Read more ›
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BeyondMath, a London-based deep tech firm developing a “generative physics model” to conduct engineering simulations, has raised $10m (£7.4m) in a seed extension round. The extension brings the company’s completed seed round to a total of £13.8m. BeyondMath was founded by ex-Google employees as a way to provide advanced engineering teams the ability to generate ... Read more ›
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AI is now embedded in how UK SMEs operate, and from marketing automation to financial forecasting, its tools promise speed, efficiency and cost savings. It is therefore no surprise that so many founders juggling strained budgets and an unclear financial climate are now turning to AI-generated legal advice and DIY contract templates as part of ... Read more ›
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Upskilling edtech unicorn Multiverse has appointed Amazon’s VP for product and technology Jay Richman as its new chief product officer. A veteran of tech product management, Richman has been at Amazon for the past three years where he led the development of agentic AI systems. Before that Richman spent almost a decade at Spotify, holding ... Read more ›
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London-based autonomous driving software group Wayve has been valued at $8.6bn after raising a $1.2bn (£888m) Series D investment round. With its new valuation secured, Wayve takes its place among the most valuable AI companies in the UK, second only to voice generation company ElevenLabs, worth $11bn. At various times Wayve has held the top ... Read more ›
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Social media platform Reddit has been handed a £14.47m fine by the UK’s Information Commissioner’s Office (ICO) for failing to apply robust age assurance mechanisms to protect the personal information of young children. An ICO investigation into Reddit found that children’s personal information was being used by the platform unlawfully. According to the data watchdog, ... Read more ›
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At a time when the global tech industry is at both its toughest period and an age of unmatched technological advancement, simply understanding the challenges impacted businesses is hard, let alone overcoming them. In this exclusive interview with UKTN, Stephen Kelly, a veteran of the global tech industry, discusses how businesses today are facing an unprecedented ... Read more ›
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Brainomix, an Oxford-based developer of AI imaging tools for stroke and lung fibrosis, has extended its Series C round with a new £4.8m investment. The new funding will support the expansion of the British biotech firm’s US operations, which currently consist of an extensive portfolio of FDA-cleared AI imaging solutions. As well as expanding its ... Read more ›
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AI has moved well beyond the trial phase for many Northern businesses. The question now is less about whether companies will use it, and more about how quickly they can turn early adoption into something that moves the dial. That was the backdrop to a roundtable hosted by RSM in partnership with UKTN which brought ... Read more ›
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06.03.2026 00:42
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