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Robert Scammell @ UK Tech News · 06/12/2023 06:28 EDT

Sunak wants UK to be ‘geographical home of global AI safety’

Prime Minister Rishi Sunak has said he wants to make the UK the “geographical home of global AI safety regulation” amid warnings about the risks the technology poses to the world. Speaking at London Tech Week, Sunak said the “tectonic plates are shifting not just in AI but in quantum, synthetic biology, semiconductors and much ... Read more

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UK Tech News
George Simister @ UK Tech News 2 place · 06/12/2023 05:09 EDT

HSBC confirms SVB UK rebrand to Innovation Banking

HSBC has confirmed the rebranding of Silicon Valley Bank UK (SVB UK) to Innovation Banking at London Tech Week today. SVB UK will merge with freshly established innovation teams located in the US, Israel and Hong Kong. “HSBC Innovation Banking will unlock new possibilities for UK innovation businesses to boost their growth and compete on ... Read more

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UK Tech News
Ben Clark @ UK Tech News 3 place · 06/12/2023 01:00 EDT

The quest for a UK Silicon Valley must look beyond London

As probably the UK’s largest and most successful celebration of the technology and innovation ecosystem, London Tech Week is undoubtedly a good thing — a chance to convene operators, investors, policymakers, and other key stakeholders to celebrate achievements and point the way ahead. But it is also a missed opportunity to engage and represent the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 06/12/2023 00:00 EDT

London Tech Week 2023: Agenda, key speakers and look ahead

London Tech Week has returned for its 10th year with an action-packed 2023 agenda bringing together industry experts and entrepreneurs from across the world. The week-long event kicks off today at the Queen Elizabeth II Centre in London, where more than 30,000 people are expected to attend, including over 3,500 startups and more than 850 ... Read more

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UK Tech News
George Simister @ UK Tech News · 06/11/2023 17:32 EDT

Rishi Sunak to open London Tech Week

The 10th London Tech Week will be opened by Prime Minister Rishi Sunak and the Mayor of London Sadiq Khan on Monday morning. Taking place at the Queen Elizabeth II Centre in London, approximately 30,000 delegates are predicted to be in attendance throughout the week. Prime Minister Rishi Sunak said: “As the tectonic plates of ... Read more

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UK Tech News
George Simister @ UK Tech News 1 place · 06/09/2023 06:20 EDT

UKRI invests £318m in Norwich plant and microbial research hub

The UK’s national research and innovation funding agency is investing nearly £318m into a plant and microbial research hub based at Norwich Research Park, with plans to complete it before 2030. UKRI, a public body, is backing a project that will redevelop the John Innes Centre and The Sainsbury Laboratory across the next seven years. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 06/09/2023 06:09 EDT

Adobe boss becomes latest tech leader to bash UK regulators

Adobe’s chief executive has become the latest tech boss to slam UK regulators, warning that blocking acquisitions will discourage investment in startups. Speaking to the Financial Times, Shantanu Narayen suggested competition regulation in the UK could be preventing innovation. “I’m a big believer that if companies don’t have exit strategies — and sometimes the exit ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 06/09/2023 05:49 EDT

London named top global city for tech investment over past decade

London has been named the number one city for global tech investment over the past 10 years, according to new data. The UK capital beat out European hubs in Germany and France, and even US titans like New York to take the top spot for foreign investment into tech projects, according to findings from London ... Read more

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UK Tech News
Robert Scammell @ UK Tech News · 06/09/2023 05:34 EDT

Peppercorn founder: ‘Generative AI won’t live up to everyone’s expectations’

Nigel Lombard is the CEO and founder of Peppercorn AI, an insurtech startup that uses conversational artificial intelligence to guide customers through the purchase process. Cardiff, Wales-based Peppercorn AI has created a platform for customers to select and buy motor insurance by interacting with a chatbot that uses natural language processing to answer customer queries. ... Read more

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UK Tech News
George Simister @ UK Tech News · 06/09/2023 05:18 EDT

Cultivated meat startup Uncommon backed by OpenAI CEO in £24m raise

Cultivated meat company Higher Steaks has been served $30m (£23.9m) in funding and is rebranding to Uncommon. Existing investors with an appetite for Uncommon’s latest round include OpenAI’s CEO Sam Altman. Balderton Capital and Lowercarbon led the Series A round. They were joined by Max Altman, Miray Zaki, Sebastiano Castiglioni, Red Alpine and East Alpha. ... Read more

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UK Tech News
George Simister @ UK Tech News · 06/09/2023 04:40 EDT

Battery prototype software spinout raises £1.5m

Battery prototype software spinout About:Energy has collected £1.5m in seed investment from investors. About:Energy’s seed funding came from backers including the CEO of OakNorth Bank Rishi Khosla, Plug and Play Ventures, HighSage Ventures, Vireo Ventures and Electric Revolution Ventures. “This investment will enable us to integrate the latest research from our partnering institutions, creating a ... Read more

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UK Tech News
Janet Coyle @ UK Tech News 1 place · 06/09/2023 02:00 EDT

Why London shouldn’t strive to become the next Silicon Valley

As we approach the 10th anniversary of London Tech Week, there is much for us to celebrate around the growth of London’s tech sector during the last decade. In the past ten years we’ve seen London grow from a burgeoning startup hub in East London to Europe’s largest tech ecosystem and now a top three ... Read more

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UK Tech News
Kirstie McDermott @ UK Tech News 1 place · 06/09/2023 01:00 EDT

Why DevOps jobs are in demand – and three roles hiring now

Technology continues to affect almost every job role, whether it’s in a factory or behind a desk, according to the World Economic Forum’s (WEF) 2023 Future of Jobs report. Jeff Maggioncalda, who is the CEO at online learning company Coursera – which contributed data for the report – says: “We’re pretty much all in the ... Read more

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UK Tech News
George Simister @ UK Tech News 3 place · 06/09/2023 00:00 EDT

UK metaverse firms expect Apple Vision Pro boost

This week Apple unveiled the Vision Pro, its long-awaited and much-speculated upon entry into the virtual and augmented reality world. Notably, Apple refers to this new product line as “spatial computing” rather than the metaverse, the term favoured by Facebook owner Meta. Apple CEO Tim Cook sees the Vision Pro, which is similar in appearance ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 06/08/2023 08:16 EDT

UK quantum risks ‘failing to punch above weight’ without support, startup warns

The UK risks “failing to punch above its weight” in the global quantum computing sector, according to Sheffield-based quantum startup Aegiq. The University of Sheffield spinout, which raised £1.8m last year, today called on the government to “show consistency and ambition” in its support of the UK quantum sector. Founded in 2019, Aegiq is looking ... Read more

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UK Tech News
George Simister @ UK Tech News · 06/08/2023 06:48 EDT

Just Climate closes £1.2bn fund with Microsoft support

Just Climate has closed $1.5bn (£1.2bn) for its first fund to invest in growth-stage climate tech companies including energy, mobility, industry and buildings. Just Climate’s fund is anchored by the Climate Innovation Fund from Microsoft. Additional contributions include IMAS Foundation, Ireland Strategic Investment Fund, Goldman Sachs’ Imprint Group, pension providers, sovereign wealth funds and family ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 06/08/2023 06:02 EDT

Data watchdog sounds neurotech discrimination warning

The UK data watchdog has warned that neurotech has a “real danger” of bias and discrimination if proper precautions are not made. The Information Commissioner’s Office (ICO) said today that developments in neurotech – technology that interfaces with the brain or nervous system – could lead to discrimination against people if they are not “put ... Read more

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UK Tech News
George Simister @ UK Tech News · 06/08/2023 05:38 EDT

CAB Payments eyes London IPO in boost for muted public markets

Fintech company CAB Payments has expressed interest in a London IPO in a boost for the capital’s sluggish public markets. On Thursday the B2B cross-border payments company announced plans to file a registration document with the London Stock Exchange. If it goes ahead it would see CAB Payments, which offers international B2B overseas payments and ... Read more

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UK Tech News
George Simister @ UK Tech News · 06/08/2023 05:19 EDT

UK to host global AI safety summit

Prime Minister Rishi Sunak has revealed the UK will organise the first global AI safety summit this autumn. The prime minister will meet with US President Joe Biden today at the White House to discuss an “international framework” surrounding the technology and how it can be used safely. Sunak said: “Time and time again throughout ... Read more

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UK Tech News
Warren Middleton @ UK Tech News · 06/08/2023 00:00 EDT

Celebrating 10 years of UK tech innovation – and searching for the next trailblazer

It may be hard to imagine, but when we launched our first Tech Innovator in the UK competition a decade ago, the Silicon Roundabout was all anyone could talk about when trying to summarise the UK tech scene. There was no Uber, an exciting online food delivery company had only just launched in London, and ... Read more

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