Arm is reportedly in talks to bring in Nvidia as an anchor investor ahead of its IPO in New York later this year. First reported by the FT, it appears Nvidia is still interested in the Cambridge company despite the regulatory challenges it faced during its attempted acquisition last year. Both Arm and Nvidia declined ... Read more ›
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The chief financial regulator will deliver a speech warning against the risks artificial intelligence (AI) poses to banks, investors and insurers. Nikhil Rathi of the Financial Conduct Authority (FCA) is set to deliver a speech today outlining the potential increase in fraud that could come with the use of AI tools. The FCA chief will ... Read more ›
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Nick Hungerford, the co-founder of investment management platform Nutmeg, has died at the age of 43 from bone cancer. Hungerford recently set up the charity Elizabeth’s Smile with wife Nancy to support and help children who are dealing with losing a parent. It is named after their daughter Elizabeth. “We are deeply saddened to share ... Read more ›
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RideTandem, the mobility startup tackling transport poverty in rural areas, has raised £2.3m as it looks to extend its reach beyond the UK. Founded in 2019, RideTandem’s creation was inspired by difficulties faced by the team when trying to secure reliable transport outside of major cities. The startup works with local taxi, minicab and coach ... Read more ›
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For too long the allocation of pension fund investments into UK startups has been the Moby Dick of British growth policy. Not capturing the gains that this white whale could bring hasn’t just hurt startups, it’s hurt savers too. The pension funds of Canadian teachers have profited more from the success of Silicon Roundabout than ... Read more ›
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The UK competition regulator will continue talks with Microsoft over the terms of its acquisition of Activision Blizzard, following a green light given to the deal by a US judge. The Federal Trade Commission (FTC) in the US had previously requested the deal be blocked over competition concerns similarly shared by the UK’s Competition and ... Read more ›
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Cambridge-based biotech company CellCentric has secured a $25m (£19.3m) investment from US pharmaceutical giant and Covid vaccine maker Pfizer to continue developing its cancer-treating drug. A spinout from the University of Cambridge, CellCentric is developing a new method, called Inobrodib, to treat patients with late-stage relapsed refractory multiple myeloma (RRMM). “We are delighted to partner ... Read more ›
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The UK’s financial regulator has turned off 26 crypto ATMs around the country in a joint operation with law enforcement agencies since the beginning of the year. In total, the Financial Conduct Authority (FCA) has visited 34 places across the UK where illegal crypto ATMs are believed to be operating. “If you use a crypto ... Read more ›
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The UK tech industry has reacted positively to an agreement by nine domestic pension providers to assign 5% of their default funds to “unlisted equities” by 2030 under plans outlined in the chancellor’s Mansion House reforms. The hotly anticipated move will unleash as much as £50bn from defined contribution pensions and £25bn from local government ... Read more ›
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Karta, a London-based startup offering metaverse marketing services to brands and artists, has secured $1.1m (£852,000) in funding despite a drop in market interest in the technology considered by some to be the future of the internet. Founded in 2021, Karta works with brands looking to market themselves in virtual spaces. The startup says it ... Read more ›
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Venture capital firm Eight Roads is leading a $30m (£23.4m) Series B investment into AI logistics company Raft. The London-based firm, formally known as Vector.ai, has created tools to automate elements of the freight industry. Specifically, it is targeted the elements with the “highest ROI” says Raft co-founder and CEO James Coombes, such as accounts ... Read more ›
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Fintech unicorn Checkout.com has entered the identity verification market, with the launch of an AI solution for customer and worker onboarding. The product marks the first new service launched by the firm outside of its core suite of payment solutions. Digital identity verification, which is used to tackle identity fraud and comply with safety regulations, ... Read more ›
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Ocado has opened its first customer fulfilment centre in Asia as the British grocery technology firm amid rumours of a takeover by Amazon and struggling share price. Ocado has deployed the customer fulfilment centre in Chiba-city, Japan, for grocery business Green Beans brand, which is owned by AEON NEXT. “Grocery spend in Asia is set ... Read more ›
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In the latest episode of the UKTN Podcast, Currencycloud co-founder Richard Arundel talks about maintaining a good business culture whilst growing rapidly, explains how developments in cross-border payments have made a real impact on people’s lives and shares his view on the current state of challenger banks. Arundel helped build the payments infrastructure company Currencycloud ... Read more ›
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The chancellor is set to offer a £50bn cash boost to high-growth startups as part of a deal with some of the UK’s biggest pension funds and insurers. Chancellor Jeremy Hunt is expected to unveil the reforms this evening during a speech at Mansion House. The startup funding pool represents a 5% slice of the ... Read more ›
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London startup BoxxDocks, which is developing collapsable and trackable boxes for use in the logistics sector has raised £250,000 in pre-seed funding. The British Design Fund supplied the majority of the pre-seed investment – £150,000 – with other investors including Techstars. BoxxDocks says its 100% recyclable boxes can shrink down to half their size and ... Read more ›
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A loophole in Revolut’s payment system in the US was exploited by criminals who may have stolen more than $20m (£15.6m) last year. First reported by the Financial Times, sources close to the situation said the incident stemmed from a difference between the Revolut payment systems in the US and Europe. The difference meant that ... Read more ›
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Philip Jansen, the chief executive of the British telecoms giant BT Group, has announced he is stepping down within the next 12 months. BT Group’s next CEO is yet to be decided by the board’s nominations committee. “Philip has done an excellent job in his time at BT and the board is fully supportive of ... Read more ›
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UK fintech funding has slumped in the first half of the year as cautious investors continue to navigate high interest rates and a fall in economic activity. Newly published figures from Innovate Finance, the UK fintech industry body, have revealed that the sector raised $2.9bn (£2.3bn) in the first half of 2023, representing a 37% ... Read more ›
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Since the explosion of large language models (LLMs) into the mainstream, there have been multiple calls from tech leaders and AI scientists to pause developments and consider perceived risks in a similar vein to a pandemic or a nuclear war. The reason behind this narrative is safety. Policymakers, labs and independent experts say they need ... Read more ›
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14.06.2026 01:34
Last update: 01:15 EDT.
News rating updated: 08:30.
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