Labourās AI minister has accused the former Conservative government of turning public opinion against artificial intelligence by focusing on ādoomsday scenariosā. Speaking to UKTN, Feryal Clark ā the DSIT minister responsible for AI and cybersecurity ā said that by concentrating on the āscariest stuffā in its communications regarding the technology, Rishi Sunakās Conservative government took ... Read more āŗ
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Oxa has unveiled a tie-up with US chipmaker Nvidia to accelerate its plans for autonomous commercial vehicles. The Oxford-based startup said it plans to use Nvidiaās Cosmos foundation models to automate repetitive driving tasks by work vehicles, such as fixed-route shared passenger transportation, airport ground transportation, port and retail yard trailer/container shunting, asset monitoring, factory ... Read more āŗ
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AIM-listed casino gaming technology firm Nexteq faced a āchallenging yearā in 2024 after a handful of senior resignations left the new executive team to ārestructure the business totallyā. Speaking to UKTN, CEO Duncan Faithfull ā who was promoted to the top job last August ā acknowledged that the sudden exit of former chief executive Jon ... Read more āŗ
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Shares in location data firm 1Spatial were down as much as 10% on Wednesday morning as a trading update revealed delays have eaten into revenue. In an update for the year ending January 2025, 1Spatial said it had seen a āgreater than expected decrease in services revenueā over the past year, largely due to delays ... Read more āŗ
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Shares in Softcat jumped as much as 12% in early London trade after the IT infrastructure supplier upgraded its full year earnings expectations. The Marlow-based business said it expects to deliver another year of double-digit gross profit growth in 2025, with operating profit growth now expected to be low double-digit, up from high single-digit previously. ... Read more āŗ
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One of the largest defence tech businesses in America , will open a factory and research and development (R&D) site in the UK as global tensions rise. Anduril, which develops drones, automated weapons systems, surveillance tech and robotics, primarily for the US military, said the new site will act as its European headquarters. The Californian ... Read more āŗ
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The recent launch of the Chinese AI model DeepSeek-V3 caused alarm in tech circles, suggesting China was months closer to achieving artificial general intelligence than had been previously thought. Tech stocks tumbled and President Trump described it as a āwake-up callā for Americaās AI industry. More intriguingly, however, is this monthās comparatively quiet debut of ... Read more āŗ
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What innovations are taking place in the payments space and how is this changing the customer experience? UKTN sat down with Guavapayās Javid Mahmudzade to find out. As the Chief Technology Officer at Guavapay, Javid plays a pivotal role in driving the companyās technological innovation and shaping its digital-first approach to global payment solutions. What ... Read more āŗ
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Leeds startup Eventum Orthopaedics has secured a Ā£3.8m follow-on investment in support of its flagship device to support knee surgeries. The West Yorkshire-based medtech has built QuadSense, a device that provides surgeons with real-time data on the condition and position of patientsā kneecaps replacement during operations. Having secured regulatory approval for the device and deployed it ... Read more āŗ
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Chancellor Rachel Reeves has invited key members of the financial services sector to help shape the rules governing a new Digital Gilt Instrument in a bid to modernise the British bond market. Reeves today hosted a breakfast with the bosses of Revolut, ClearBank, Zilch and Wise, among others, to explore the potential of the new ... Read more āŗ
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Bioniq has scored a second investment from a star footballer as the London-based health tech group accelerates its growth. The firm has courted Manchester United defender Diogo Dalot, who joins fellow Portuguese footballer and ex-United striker Cristiano Ronaldo among its latest shareholders. Dalot, who plays in the full-back position for United and the Portuguese national ... Read more āŗ
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Almost half (44%) of all new data centres in the UK are expected to be dedicated to AI workloads over the next five years, new figures suggest, in the latest sign of a surge in the compute demands of the technology. Britain is expected to massively scale its data centre capabilities, with the prime minister ... Read more āŗ
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Trustpilot shares rose as much as 14% on Tuesday after the company forecast finishing this year ahead of market expectations following a record year for bookings growth. The Danish-headquartered and London-listed online business review platform reported booking revenue grew by just under a quarter, reaching Ā£239m for the year ended December 2024. The group reported ... Read more āŗ
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Shares in Bytes technology jumped as much as 15% in early London trade after the IT supplier was boosted by āhigh demandā for software and AI products. The Surrey-based business saw gross invoiced income comfortably exceed Ā£2bn for the first time for the 12 months to the end of February, helped along by increased customer ... Read more āŗ
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In recent months, thereās been a lot of news that AI startups are leaving the UK for other countries. Back in February, the House of Lords Communications and Digital Committee published a report, expressing concerns about this trend. It warns that unless the UK steps up its support for AI and tech companies, it risks ... Read more āŗ
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This weekās podcast guest is Tej Kohli, billionaire investor and philanthropist, who discusses why heās most excited by the future of esports, biotech and artificial general intelligence, how the UK lacks the collaborative culture between academia and business seen in the US and why Elon Musk should stick to tech and avoid unelected government work. ... Read more āŗ
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Digital lender OakNorth is pushing forward with its US expansion with the acquisition of Michigan-based Community Unity Bank (CUB). The London-based fintech has been looking to expand its presence across the Atlantic, having received authorisation last year to market its products in the US via a representative office in New York. OakNorth is taking its ... Read more āŗ
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The notion that AI is a high energy consumer is a āmisnomerā, the co-founder of Google DeepMind has said, amid heightened scrutiny of the carbon footprint of frontier artificial intelligence businesses. Sir Demis Hassabis, who launched the company in 2010, said AI firms were likely to lead to greater energy efficiencies globally in the long ... Read more āŗ
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A digital education platform for founders in the north of England has been launched by VCs in Manchester to address the funding gap outside of the South East. The ālibrary for founders in the Northā, or Founder Hub, is a new initiative from Praetura Ventures and EHE Ventures as the Mancunian investors call for better ... Read more āŗ
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Maxion Therapeutics, a Cambridge biotech firm developing treatments for inflammatory diseases, has closed a Ā£58m Series A round. The company is developing antibody-based drugs called KnotBodies, which are designed to overcome the challenges of targeting ion channels and G protein-coupled receptors (GPCRs). Maxionās drugs will target a broad range of inflammatory diseases including atopic dermatitis ... Read more āŗ
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Most popular sources
Wired
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30% 4 |
Business Insider
|
27% 1 |
Gizmodo
|
10% 5 |
Vox
|
6% 3 |
The Verge
|
5% 4 |
| View sources Ā» | |
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01.04.2025 22:24
Last update: 22:15 EDT.
News rating updated: 05:10.
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