In an effort to tackle the dearth of digital and technical skills commonly said to be holding back the British economy, the government is launching a £500m skills drive, funding thousands of new advanced degrees in science and technology. Alarms have been sounding over the demand for the highly skilled talent needed to continue UK ... Read more ›
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A biotech firm backed by University College London (UCL) tech developing a new treatment for amyotrophic lateral sclerosis (ALS) has launched with a $101m (£79m) Series A. Trace Neuroscience was co-founded by UCL molecular neuroscience professor Pietro Fratta and Stanford University genetics professor Aaron Gitler. The company is developing nucleic acids with the aim of ... Read more ›
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Metro Bank has been fined £16m by the UK financial regulator due to inadequate criminal transaction monitoring. The Financial Conduct Authority (FCA) handed the bank the fine over its failure to adequately monitor more than 60 million transactions, worth over £51bn, for money laundering risks. The inadequate anti-money laundering monitoring took place between June 2016 ... Read more ›
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This week’s podcast guest is Chris Morris, co-founder and COO of Sustainable Ventures, who discusses why entrepreneurs can’t wait for government support to make advancements in climate tech, why the Labour government’s actions on climate solutions have left him pleasantly surprised and why the best climate solutions need to meet consumer needs. Sustainable Ventures is ... Read more ›
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Ooodles, a London-based fintech focused on offering SMEs flexible renting of IT equipment, announced its first international expansion to Ireland. The startup also announced a $2.7m (£2m) funding extension from āltitude VC, Europe’s first SME tech fund, backed by existing investors and Traditum. The company claim that the funding will enable it to double down ... Read more ›
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The tech department is rolling out online identity cards for veterans as it expands the role of digital identification. Dubbed the Digital Veteran Card, the online alternative to the ID used by former army and navy personnel to access special services. Announced alongside Remembrance Sunday, the Digital Veteran Card is part of the government’s ambition ... Read more ›
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Shares in EnSilica jumped as much as 9% when markets opened on Monday after the London-listed chipmaker struck a new deal with UCL spinout Oriole Networks. The contract, which EnSilica said “commences this month with material non-recurring engineering revenues”, will see Ensilica design and supplyOriole’s photonics controller chips used in its optical network switch products, ... Read more ›
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London-based challenger stock exchange Aquis has agreed terms to be taken over by Switzerland’s Six Group. Announced in a regulatory filing on Monday, the boards of the companies have agreed to a cash offer that would see Six pay 727p a share, valuing Aquis Exchange at £207m. The deal would see a major return for ... Read more ›
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This week’s UK tech funding deals include iFast Diagnostics, which determines effective antibiotic use based on bacteria scans, Artio, which provides insurance products to carbon projects and more. UKTN tracked £16.2m worth of UK tech investment this week (4 November to 8 November), a 39% week-on-week decrease across five funding rounds. Here’s your weekly roundup ... Read more ›
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Fintech giant Revolut could be on the verge of an acquisition spree as its finance and strategy manager advertises expanding its mergers and acquisitions team. Though strained economic conditions in the last couple of years have caused the bulk of tech firms to tighten their purse strings, Revolut has always wanted to project itself as ... Read more ›
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James Townsend is the co-founder and CEO of Mobilise, a London-based digital support network and community for carers. In this week’s Founder in Five Q&A, Townsend discusses why first time founders should focus on the problems that are important, not glamorous, motivating a team and why health services are ripe for disruption. Which role was the ... Read more ›
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The head of safety at a top London AI firm has said generative AI businesses should not be left to solve ethical problems alone amid greater scrutiny of how platforms keep consumers safe. Aleksandra Pedraszewska, who joined audio generation business ElevenLabs in February, suggested that commercial motivations could obscure ethical decision-making by individual companies. She ... Read more ›
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A London-based generative AI startup backed by Octopus Ventures has been allowing users to create “potentially harmful” content without restrictions, UKTN can reveal, amid heightened scrutiny over the efficacy of guardrails used by AI firms to protect consumers. Tests conducted by UKTN show that Haiper AI, an image and video generation platform founded by ex-Google ... Read more ›
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The Buy Now, Pay Later (BNPL) sector has seen huge growth in the last decade. With what is thought to be a simple operating model and no hidden fees, services like Klarna and Monzo offer a clear alternative to traditional credit options and aregaining social acceptance and popularity. BNPL is also becoming interwoven in the ... Read more ›
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Two crypto fraudsters who illegally pulled in £1.5m have been convicted following prosecution from the UK’s financial watchdog in the latest effort of its crackdown on bad actors in the nascent digital assets market. Raymondip Bedi and Patrick Mavanga defrauded at least 65 investors between February 2017 and June 2019. The pair were part of ... Read more ›
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Shares in London-listed CAB Payments dropped around 20% at the opening of trading on Thursday, following US payments firm StoneX’s withdrawal of interest in acquiring the group. According to regulatory filings, StoneX, worth around $2.7bn, made multiple non-binding proposals to CAB to take over the business. The first proposal was made in July, when StoneX ... Read more ›
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What does a Trump win mean for American AI Policy? This is a question that I have been asked by policymakers time and time again over the past months. With the results of the election now clear, I thought it would be prudent to write up some of the main points. During Trump’s first term ... Read more ›
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Shares in Auto Trader slipped as much as 5% on Thursday despite a jump in turnover as the online car marketplace said vehicles had “sold faster than at any point in our recent history.” The Manchester-based business said the used car market was continuing to see hot demand despite an apparent slump in sales of ... Read more ›
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The UK tech sector is weighing the impact of a landslide Trump presidential victory at the end of one of the most dramatic election periods in US history. Crypto, blockchain and Web3 businesses have sounded a note of optimism about the future under a second Trump term, but others in the sector have expressed fear ... Read more ›
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Shares in Argo Blockchain have been among the biggest risers on the London stock market as crypto businesses rally on the back of an expected Trump presidential victory in the US. The firm’s shares soared as much as 17% to 11p in the first hour of trade in London in one of their largest single-day ... Read more ›
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Most popular sources
Business Insider
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21% 12 |
Wired
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10% 6 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
| View sources » | |
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27.11.2024 05:35
Last update: 05:30 EDT.
News rating updated: 12:32.
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