The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with £2m of prizes. 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 ›
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Over the last year, the world’s major tech economies have invested heavily in their respective semiconductor strategies. As recently as last week, for example, South Korea unveiled a $19bn package of incentives. The UK’s own £1bn investment, and commitment to a national semiconductor strategy in May last year, sought to follow this global trend. Global ... Read more ›
1
Generative AI tools like ChatGPT are being used far more by businesses than the general public, new research suggests. Recently launched AI products exploded in popularity following the arrival of advanced chatbot ChatGPT in 2022, with the OpenAI flagship product attaining 100 million users faster than any other consumer application. A new survey of 12,000 ... Read more ›
0
The first crypto exchange traded notes (ETNs) in the UK have listed on the London Stock Exchange in an institutional boost to the sector. The Financial Conduct Authority (FCA) approved the crypto investment instruments from 21shares, Invesco and Wisdomtree, marking the first approval from the UK financial regulator of a cryptocurrency security. The FCA has ... Read more ›
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Vertical farming is not a new concept. In fact, the Hanging Gardens of Babylon, designed between 605 – 562 BC during the reign of King Nebuchadnezzar II, are arguably one of the first examples. While these ancient gardens were designed to be beautiful, in the modern world, vertical farms remain largely hidden from view. Vast ... Read more ›
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British space tech firm Open Cosmos has secured a €60m (£51m) contract to build and deploy satellites in Greek constellations. The project will see Open Cosmos satellites provide high-resolution imagery to the Greek government to support plans to improve public services such as land registry, reducing sea pollution and improving agriculture. The programme is in ... Read more ›
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Cambridge-based biotech startup Fuse Diagnostics has raised £1.6m to develop its new platforms that test industrial products for pathogens. The company currently has two diagnostic testing platforms in the works. Flip, which is aimed at the industrial, bioprocessing, food and water testing industries, along with Apex for more advanced industrial testing. The company said its ... Read more ›
0
Executives from tech firms including Atom Bank and Intrinsic Semiconductor have joined over 100 businesses in endorsing the Labour Party. In a letter signed by executives from 120 companies including Atom Bank CEO Mark Mullen and Giant Ventures co-founder Tommy Stadlen, the Labour Party was applauded for its new approach to supporting businesses ahead of ... Read more ›
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A UK startup that has developed a platform for airlines to distribute flight disruption payments has raised £6m in funding. Travel paytech company Swiipr said it would use the influx of capital to fund R&D, product developments and expansion in the international airline market. Swiipr’s platform is looking to replace paper vouchers, cash and bank ... Read more ›
0
The CEO who oversaw the sale of Manchester-based delivery tech startup Sorted for less than £70 in January has stepped down. Carmen Carey took over as chief executive of Sorted, which develops software that aims to improve delivery efficiency, in 2021. Carey, who has previously served as CEO of energy software firm Brady Technologies and ... Read more ›
2
Elliot Street, CEO and co-founder of Inovus Medical, explains how surgical training simulators can help fix the shortage of qualified surgeons, explores how robotics will change the future of surgery, and shares advice on expanding to the US.  Founded in 2012, Inovus Medical designs and manufactures a surgical training platform that combines soft tissue ... Read more ›
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There is a widespread ambition for the UK to be a leader in technology-enabled scaleups, and I agree. Many of the foundations for that ambition are in place, including large-scale capital. However, the primary constraint is people. There is a long-standing skills crisis for digital and computing skills and the same overwhelming ratio of male ... Read more ›
0
This month provided a boost to Wales’ cyber credentials, with the country becoming the first part of the UK to open a national cybersecurity operations centre. CymruSOC, led by the Welsh Government with the support of Merthyr Tydfil County Borough Council, will aim to protect Welsh local authorities, emergency services, public sector employees and the ... Read more ›
0
Circular urban farming – systems in which food is produced in a sustainable, contained environment without large swathes of farmland – has become a popular prospective solution to the climate impact of agriculture. The carbon footprint generated from clearing forests for farmland, maintaining crops and livestock, and shipping produce around the world has made the ... Read more ›
0
Funding for UK defence tech companies dropped more sharply compared to overall tech investment, new research has found. In 2023, the number of completed defence tech deals fell by 75% compared to the year before and the amount invested fell by 22%, according to data from Beauhurst and national security-focused VC firm MD One. UK ... Read more ›
0
Remote working has been dealt a number of blows over the past year with some of the biggest names in tech such as Amazon, Google and Dell doing sharp U-turns on their flexible work policies. In the UK, nearly half (40%) of all workers are remote in some capacity, for all or part of the ... Read more ›
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This week’s UK tech funding deals include insurance payments provider Vitesse, machine learning-powered drug discovery platform LabGenius, Maritime navigation software firm Orca AI and more. UKTN tracked £374.5m worth of UK tech investment this week (20 May to 24 May), a 275% week-on-week increase across 14 funding rounds. Here’s your weekly roundup of UK tech ... Read more ›
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Finn Stevenson is the co-founder of Flok Health, an AI-powered digital physiotherapy clinic for treating musculoskeletal (MSK) conditions. Stevenson, a former professional rower, co-founded Flok Health in 2022 with Ric da Silva. After leaving rowing and its access to quality physiotherapy, Stevenson was taken aback by the long NHS wait lists and high private healthcare ... Read more ›
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Bristol-based quantum computing company Phasecraft is expanding to the US by opening its first international office in Washington DC. Founded in 2019 as a spinout from the University College London and the University of Bristol, Phasecraft develops algorithms for practical quantum computer use cases. The company, which closed a £13m Series A round last August, ... Read more ›
0
The Cambridge tech industry has been valued at $191bn (£150.2bn), representing 18% of UK tech at large, new data has found. Analysis by Dealroom in partnership with the Founders at the University of Cambridge, an accelerator, found that the city’s tech industry had surpassed the value of Spain’s and Italy’s combined. The research shows that ... Read more ›
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Octopus Energy will offer flexible buy now, pay later (BNPL) products to its UK customers following a partnership with digital bank Zopa. Through the deal, Zopa – which hit annual profitability for the first time last month – will finance the costs of acquiring and installing Octopus solar panels. These payments can be spread across ... Read more ›
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Most popular sources
Tech Wire Asia
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29% 22 |
Business Insider
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25% 1 |
CNET
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8% 3 |
Eurogamer.net
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5% 1 |
Android Authority
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3% 1 |
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28.11.2024 12:53
Last update: 12:46 EDT.
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