The government has been called on to prevent the acquisition of UK-based aerospace company AIM Altitude by a Chinese organisation with state ties. AIM Altitude designs aircraft interiors for Boeing and Airbus. The Bournemouth-based firm has been owned Aviation Industry Corporation of China (AVIC) since 2016 when the Chinese state-controlled organisation bought AIM for £155m. ... Read more ›
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The co-founder and CEO of London-based fintech Wise – formerly TransferWise – is being investigated by the UK’s financial regulator after he defaulted on tax payments. Wise said this morning that the Financial Conduct Authority (FCA) has “commenced an investigation regarding the regulatory obligations and standards” of company co-founder Kristo Käärmann. Käärmann was previously included ... Read more ›
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The communications as a service (CPaaS) market is rapidly growing, with more and more businesses realising they need to invest in a centralised platform to manage their interactions with customers. The market can be divided into two distinct approaches: developer CPaaS and enterprise CPaaS. Developer CPaaS is the traditional form of CPaaS where APIs are ... Read more ›
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A performing arts union is warning that work for creative artists is at risk from artificial intelligence (AI) because of the rise in synthetic performances. There have been many policy debates about AI’s impact on the workforce. However, the performing arts industry feels it has been left out of the conversation. Stop AI Stealing the ... Read more ›
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Lights, mud, lasers, tents and confetti are all things you would expect from the world-famous Glastonbury Festival. This year, festival-goers have also seen their favourite artists performig on stage to a backdrop of mixed reality visuals. Picture yourself at the Glastonbury Shangri-la Gas Tower or Greenpeace’s HE.SHE.THEY stage, listening to artists such as Bonobo, TSHA ... Read more ›
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Revolut has announced it is entering into the buy now, pay later (BNPL) space with the rollout of what it calls a “responsible” pay later product. The British fintech will let customers spread the cost of purchases up to €499 across three instalments, with a fee of 1.65% per purchase being repaid in the first ... Read more ›
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Porsche Ventures has invested $1.5m (£1.2m) into British cycling insurance provider Laka as part of a wider $13.5m (£10.9m) Series A funding round. Headquartered in London, the company is an insurance platform for cycling and electric vehicles. It plans to offer e-scooter, e-moped and electric car insurance in the future and will use the fresh ... Read more ›
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Have you ever considered moving to Bristol? Brizzle (as it is affectionately known) is a city that should definitely be on your radar if you want to grow your tech career. Research by the government’s Digital Economy Council in 2021 put the city in the top five of a Tech Power League table of cities ... Read more ›
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Masayoshi Son, founder and chief executive of Japanese multinational conglomerate SoftBank, has said that New York is his preferred choice to list Cambridge-based chip designer Arm in its upcoming IPO. Speaking at a SoftBank shareholder meeting, Son said that listing Arm on the New York Nasdaq stock exchange was currently his “favourite” option because most ... Read more ›
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Sheffield university spinout Opteran has raised $12m (£9.77m) in funding to expand its machine autonomy natural intelligence technology. The Sheffield-based firm has a unique approach to autonomous machinery, trying to emulate the brain processes of insects to give AI chips the advantage of what the company describes as 600 million years of evolution. “By mimicking ... Read more ›
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The Financial Conduct Authority (FCA) is launching a new data-driven anti-fraud strategy to crack down on rising online fraud. The UK’s financial regulator said it will be investing heavily in its use of data in 2022/23, with a significant increase in the recruitment of roles in artificial intelligence, analytics, cloud engineering and data science. The ... Read more ›
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Cryptocurrency company Tether is planning to launch a new stablecoin tied to the British pound next month. Tether is known for its stablecoins, a form of cryptocurrency that has a value tied to the value of something else – often fiat currencies. The company has previously launched coins tied to the US dollar and Chinese ... Read more ›
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The head of Klarna UK has fired back at British multinational Barclays, calling the bank’s buy now, pay later (BNPL) report “mind-boggling” and “irresponsible”. Barclays recently published a report on the BNPL industry, in which it warned of the dangerous amount of debt consumers could find themselves in if they rely on the service. The ... Read more ›
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Augmented worker platform KIT-AR has secured €2m (£1.7m) in a seed funding round co-led by Armilar Venture Partners and Caixa Capital Risc for its production line tech. Augmented reality (AR), which overlays graphics onto the real world via a screen or glasses, is being embraced by some areas of the manufacturing industry. London-based KIT-AR uses ... Read more ›
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Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss venture capital firm Lakestar. London-based BotsAndUs will use the capital to develop its robots that are used to measure, track and locate stock in a warehouse. The startup’s robots use artificial intelligence (AI) to create a digital twin of ... Read more ›
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Venture capital firm Octopus Ventures is entering the world of pre-seed investment with a £10m fund to back early-stage startups across Europe. The highly active London-headquartered VC has built a dedicated pre-seed team led by former senior staff at Seedcamp and Uber. It is looking to invest in B2B software, fintech and health startups. Octopus ... Read more ›
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London-based digital identification software startup Yoti has launched a trial with Facebook-owned Instagram to test its age verification technology on the social media platform. The partnership between Yoti and Instagram will begin by testing US users who try to edit their date of birth to appear over 18. Instagram will request them to upload their ... Read more ›
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SumUp, a London-based fintech, has raised €590m (£507m) in a funding round that’s landed the firm an enterprise valuation of €8bn (£6.8bn). Founded in 2012, SumUp provides payment solutions to small merchants. Its services include a free business account and card, access to an online store, and invoicing solutions. “SumUp has received consistent support from ... Read more ›
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London-based buy now pay later (BNPL) platform Playter has raised $55m (£45m) in a funding round from the backers of fellow BNPL firm Klarna. Playter is a platform that gives businesses access to BNPL purchases in the same way companies like Klarna provides instalment payments to consumers. “BNPL for business is a completely different concept ... Read more ›
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Sutton will become home to a £9m data centre campus after the Cambridgeshire village granted planning permission for the construction of the 700,000 sq ft site. The Sutton data centre will be built on the site of the 43-acre Camro Data Park and will be funded by a two-year refinancing facility through property investment company ... Read more ›
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16.06.2026 23:30
Last update: 23:25 EDT.
News rating updated: 06:21.
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