The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with Ā£2m of prizes.Ā First announced by former chancellor Jeremy Hunt during the 2023 Spring Budget speech, the Manchester Prize is an annual competition for AI developers in the UK managed by ... Read more āŗ
15
Monzo chief executive TS Anil has taken a shot at the āincumbentā banking industry that he said was bogged down by a ālegacy mindsetā. Speaking at London Tech Week, a triumphant Anil said that despite the hundreds of years of experience from traditional banking giants and Monzo ābeing around for minutes in comparisonā, the challenger ... Read more āŗ
0
Extra support for regional SME investment, an increased Digital Services Tax and a transparent AI framework are among the tech policies announced by the Liberal Democrats. The Lib Dems released its 2024 manifesto on Monday, ahead of the general election on 4 July. Here are the key tech policies from the Lib Dem manifesto the ... Read more āŗ
1
Shares in budget personal computer maker Raspberry Pi soared by as much as 40% on its debut as a public company in a boost for Londonās tech initial public offering (IPO) market. Raspberry Pi priced shares at 280p for its IPO, giving it a market capitalisation of Ā£514.6m. In a period of āconditional dealingā for ... Read more āŗ
1
In this weekās UKTN Podcast episode, Northern Gritstone CEO Duncan Johnson discusses why the north of England has all the potential required to rival the South East in commercialising science and innovation, the challenges of backing early-stage deep tech companies with very long investment journeys, and why ambition and resilience are so important in developing ... Read more āŗ
0
British AI and data science research group the Alan Turing Institute has received a renewed grant from the Bill & Melinda Gates Foundation. The Alan Turing Institute secured the grant of $4m (Ā£3.1m), to be delivered over the next three years, to fund a project aiming to help countries āaddress requirements needed to achieve secure, ... Read more āŗ
0
The UKās AI sector has been valued at $92bn (Ā£72.3bn), larger than any other country in Europe, according to new data. The āUK Tech in the Age of AIā report from Tech Nation found that in the first quarter of 2024, 16% of all UK VC investment went to AI startups. According to the report, ... Read more āŗ
1
The CEO of Wayve has hailed London as a ātech superpowerā and reiterated that he plans to keep the autonomous vehicle startupās headquarters in the UK capital after raising $1bn in funding last month. āOur headquarters is of course remaining and staying in London,ā said Wayve co-founder and chief executive Alex Kendall, speaking at London ... Read more āŗ
0
OnSecurity, a Bristol-based cybersecurity startup developing software to test vulnerable computer systems, has raised Ā£5.5m. Founded in 2018, OnSecurityās platform delivers computer system, network and web application penetration tests. These tests involve simulating a cyberattack and looking for vulnerabilities in computer systems to identify weak points that need addressing. OnSecurity said the pentest market is ... Read more āŗ
0
London-based medical technology startup Amber Therapeutics has closed a $100m (Ā£78m) Series A funding round. Founded in 2021, Amber Therapeutics is developing adaptive neuromodulation therapy to treat mixed urinary incontinence (MUI). The company said its flagship treatment, Amber-UI, is the first fully implantable adaptive neuromodulation therapy in clinical development for MUI. Amber-UI works by targeting ... Read more āŗ
0
Like any other industry, technology companies have a legal responsibility to support their disabled employees. This is enshrined in the 2010 Equality Act, which defines disabilities as physical or mental impairments that adversely affect peopleās day-to-day activities in a āsubstantialā andā long-termā way. Under this law, employers canāt discriminate against disabled staff and must be ... Read more āŗ
0
Over the last few months, Iāve enjoyed working with the organisers ofĀ DTX Manchester, āthe northās biggest enterprise IT eventā, which took place in the UKās third-largest city on 22 and 23 May. They were initiallyĀ a littleĀ worried that the opening keynote speaker, Derren Brown, might not appeal to the audience. After all, Britainās leading āpsychological illusionistā ... Read more āŗ
0
Once hailed as a promising UK autonomous vehicle startup, Conigital captured the attention of the European tech scene last year when it announced it had secured a ālandmarkā Ā£500m funding offer. The Birmingham-based companyās āmegaroundā ranked as one of the largest European funding deals in 2023. It was also the largest ever investment into a ... Read more āŗ
12
British tech entrepreneur Mike Lynch has been cleared on all counts in his fraud case in the US concerning the sale of his business, Autonomy, to HP over a decade ago. Lynch, referred to at the time as āBritainās Bill Gatesā, was extradited to the US last year to face a trial alleging he misrepresented ... Read more āŗ
1
Hellen Bowey is the CEO and founder of Alcove, a virtual care company supporting independent living. The company has more than 20,000 users of its services, which include a virtual care agency, a care phone for the digitally excluded, and a ādigital orientation clockā. In this weekāsĀ Founder in Five Q&A, Bowey explains why early-stage funding ... Read more āŗ
2
In ourĀ latest spotlight of this yearās London Tech Week speakers, UKTN caught up with Dr Nicola Hodson, CEO of IBM UK and Ireland. Hodson previously held several senior positions at Microsoft, where she worked for 14 years. She formerly worked in the IT and business services division of Siemens, at CSC (now DXC), as a ... Read more āŗ
1
This weekās UK tech funding deals include EV charger software management company Fuuse, marketplace for licensed data for AI training Human Naative AI FintechOS, sign language translation platform Signapse and more. UKTN tracked Ā£29.5m worth of UK tech investment this week (3 May to 7 May), a 94% week-on-week decrease, across 10 funding rounds. Hereās ... Read more āŗ
7
According to a new survey of 1,400 executives and IT professionals, the largest technical skills gaps are in cybersecurity, cloud and software development ā creating job opportunities for those willing to upskill. Specifically, 65% of respondents said cybersecurity skills were lacking most within their organisation, followed by cloud (52%) and software development (40%). These have ... Read more āŗ
6
The British Business Bank must be more independent to properly serve the needs of private businesses, according to a new report. The Private Business Commission claimed the current system of government oversight for the state-owned regional SME investor hampers its ability to direct funds effectively. The report, supported by think tank the Entrepreneurs Network, argued ... Read more āŗ
0
London has been named the most supportive hub for developing AI as tech leaders call for increased regulation, new research has found. In a survey of international business leaders conducted by London & Partners, 77% of respondents said they consider London a more supportive hub for AI development than other major cities. The research found ... Read more āŗ
0
The European Unionās delight in being the first to regulate AI anywhere in the world may well see a less-than-happy ending. Much like the fable of the tortoise and the hare, the EU hare has rushed into detailed regulation on something it really doesnāt ā and couldnāt ā understand. Although it is quite an achievement ... Read more āŗ
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28.11.2024 10:35
Last update: 10:31 EDT.
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