The viral popularity of ChatGPT, a language model chatbot that uses generative AI to respond to requests in a human-like way, has created a splash in the tech world and beyond. The ability of ChatGPT to almost instantly generate anything from scripts to job applications to functioning code has caused much speculation over how it ... Read more ›
9
The UK is a global fintech hub. It’s a sector that has enjoyed rapid growth since the early 2010s, and in recent years has been the UK’s most dominant sectors for funding. However, fintech in 2022 – like most other industries – was full of challenges. The tech industry-wide trend of lower valuations did not ... Read more ›
3
Across the globe, living standards are falling. In the UK, the OBR estimated the biggest drop in living standards since records began six decades ago; household incomes are to come crashing down by 7% over the next two years, undoing a decade of growth and recovery from the financial crisis. Consumers will not be the ... Read more ›
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Last year, $400bn was erased from the value of European tech. The number of mega-funding rounds fell, and there was a backwards step in terms of diversity. In all, Atomico’s annual State of European Tech report made for difficult reading. However, whilst we expect this valuation and fundraising downturn to continue for the overall VC ... Read more ›
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Following a year of growing momentum, the UK space tech industry is on course for a blockbuster 2023 that will see the first vertical rocket launch from British soil. Virgin Orbit’s plan to launch a satellite from Spaceport Cornwall has been pushed into 2023 due to “technical” issues. Space tech startups such as Edinburgh-based Skyrora ... Read more ›
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Three prime ministers. Two ministers for digital and culture. One lengthy economic downturn. Last year was certainly not short of action or talking points for the UK tech industry. Despite the challenges, businesses are set to continue to invest heavily in tech in 2023. Even with tightening budgets, technology remains essential for stimulating productivity and ... Read more ›
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If you went to Silicon Valley 50 years ago, you’d find orchards and farmland. Today, it’s home to the world’s biggest companies. Talent continues to pour in and it will forever be synonymous with the latest and greatest technological developments. Its business leaders and companies are household names, instantly recognisable anywhere: Zuckerberg, Bezos, Gates; Meta, ... Read more ›
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From semiconductors to quantum computing, the UK is home to a thriving deep tech sector. But which deep tech companies are poised for growth in 2023? Here are four UK deep tech firms that you should be keeping an eye on in 2023. Levidian Founded: 2012 HQ: Cambridge Funding: £12m (this year) Levidian’s “LOOP” devices can ... Read more ›
2
The cryptoasset industry has been no stranger to scandals, crises, and all-around unpredictability since its rise to prominence. In 2022, titans like FTX, Three Arrows Capital, and Tether have either struggled with major losses or collapsed completely. The market as a whole lost significant value, and there was an almost endless series of celebrities pretending ... Read more ›
2
Issa Dasu Patel is the CEO and co-founder of CONNECTCare, a startup using AI to track prescriptions for elderly patients and their carers. The London headquartered company is aiming to reduce the potential health complications that can arise from medicine mismanagement, which is one of the leading reasons behind the re-hospitalisation of elderly patients. Founded ... Read more ›
7
Event space-booking platform Tutti has successfully secured £300,000 in a crowdfunding raise that surpassed its initial target of £240,000. London-based Tutti, which offers event space owners a digital platform to manage bookings from creatives, secured the funds on the crowd investment platform Seedrs. The company was founded in 2018 by its CEO, Gabriel Isserlis, who ... Read more ›
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The new year is already looking like it will present significant challenges to UK businesses, and a lack of digital skills will likely be one of them in 2023. The data has consistently shown that developing skills in Britain will be essential to growing the economy, and while the government has made some efforts in ... Read more ›
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Recognise Bank, a small and medium enterprises (SMEs) lender and savings provider has received an additional £25m from shareholder PV27. The bank offers business loans, commercial mortgages, bridging loans, buy-to-let loans along with personal and business savings accounts. “Recognise has shown that a bank embracing cutting-edge technology and a more personal approach can attract small ... Read more ›
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Last month, Meta and Twitter, two of the tech sector’s largest players, announced they were making large-scale redundancies. While significant, this is unfortunately not surprising – the UK economy is expected to be in recession until the middle of 2023 and the tech sector in particular appears to be struggling to sustain the growth it ... Read more ›
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In 2021, UK tech public listings raised a record £6.6bn, more than double that of 2020. Big-name British tech companies including Deliveroo, Wise, and Darktrace painted an optimistic picture for the future of tech initial public offerings (IPOs) on the London Stock Exchange. One year on, amid a global economic downturn and looming recession, the ... Read more ›
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Manchester-based fintech platform Nivo Solutions has received a £1m investment from the Northern Powerhouse Investment Fund by Maven. Fintech firms can use Nivo to manage tasks, e-signing, identity document scanning, facial recognition, document collection, open banking and task automation. “We look forward to working with [Maven and Barclays], and to continue to build a leading ... Read more ›
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Every company is feeling a degree of discomfort at the moment, particularly those in their early stages. A dip in tech valuations, mass lay-offs, the cost-of-living crisis and political uncertainty have all led to a pretty unfriendly economic environment for founders growing a business. Despite these challenging times, it’s important that founders don’t make knee-jerk ... Read more ›
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DevOps is the combination of development and operations in IT teams. It’s a set of practices aimed at shortening the development life cycle and a job role that straddles departments. It aims to create efficiencies while providing continuous delivery with high software quality. As a result, DevOps has become a key job field, with many businesses ... Read more ›
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The government has pledged £4.5bn in taxpayer money to finance the takeover of Bulb by its rival energy firm Octopus. Bulb, which collapsed in 2021 after years of running at a financial loss, spent its last year in a government-run administration. Energy tech startup Octopus agreed to take over the more than one million Bulb ... Read more ›
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A group of the UK’s fintechs have signed a joint letter to the Financial Conduct Authority (FCA) calling for greater clarity on how open banking will be regulated from 2023 onwards. Addressed to Sheldon Mills, executive director of the FCA, the letter’s signatories included Monzo, Wise, Plum, and Moneyhub, which earlier this week secured £15m ... Read more ›
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29.06.2026 13:42
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