Isomorphic Labs, a spinout of Google DeepMind developing AI drug discovery technology, has raised $600m (£464.6m) in its first external funding round since its formation in 2021. The company is the latest venture from Sir Demis Hassabis, the Nobel Prize-winning co-founder and CEO of DeepMind and UK government AI advisor. Hassabis launched Isomorphic from within ... Read more ›
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We live in an uncertain world. Or, as Rachel Reeves put it in the House of Commons this afternoon: “Mr speaker the world is changing. We can see it and we can feel it.” It was a platitude that the chancellor returned to over and over during her 30 minute Spring Statement before Parliament. Faced ... Read more ›
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Labour’s second budget statement is taking place today, with Chancellor Rachel Reeves expected to announce a slew of fiscal policies including cuts to welfare spending, a boost in the defence budget and further measures to support the government’s plan for growth. The Office for Budget Responsibility is expected to present a blow to these ambitions ... Read more ›
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AI-focused investment funds have delivered an average return of just 2.5% in the past year, having been outperformed by other sectors and generalist funds, according to new figures. Though artificial intelligence has attracted huge investment in 2024 – an estimated $110bn globally – AI funds offered a fairly modest rate of return, according to research ... Read more ›
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The average stake held by British universities in their spinouts fell sharply in 2024 after encouragement from a government-sponsored review. Figures from the Royal Academy of Engineering and Beauhurst revealed that in 2024, the average university equity stake was 16%, down from 22% the previous year. Universities have been encouraged to take smaller ownership shares ... Read more ›
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The UK government has awarded a £350,000 grant to hospitality tech firm Embargo to develop an AI model for its CRM platform as businesses are encouraged to embrace automation to achieve growth. The UK Smart Grant will support the construction of what Embargo has called the first fully automated, AI driven CRM platform for hospitality ... Read more ›
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It has become an accepted reality that artificial intelligence (AI) across its various forms will fundamentally shape the future of countless sectors. Whether you’re in law, finance, construction or logistics, if there isn’t already an AI tool for you, someone is building it. As AI is incorporated into more and more industries, it’s important to ... Read more ›
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Tech entrepreneur and investor Tom Adeyoola has been named the new executive chair of Innovate UK, taking the reins of the government body at an inflection point in its history. Adeyoola, who previously founded sustainability startup Metail, will oversee the science and technology funding body, which is part of the largest public research funder in ... Read more ›
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A startup behind a 3D content generation platform has emerged from stealth with a $4.2m funding round. London-based Rival, which was founded in June 2023, now plans to grow its team with more ML/AI engineers and expand its presence in the U.S. market. The company has already assembled a top team of engineers with experience ... Read more ›
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The boss of AO World has said it is “back to being a highly efficient growth machine” after reporting a rise in profits. The Bolton-based ecommerce business, which sells TVs, kitchen appliances and computers, said its retail revenues were expected to increase by 12% for the year to end March, while overall sales would rise ... Read more ›
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Eurowag today said it was seeing the beginnings of a economic recovery in Europe as the firm returned to profitability. The London-listed transport technology business, which provides mission critical data, insights and payment and financing transactions for trucking companies, said it was “starting to see some signs of economic recovery in the first quarter with ... Read more ›
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The idea of a digital ID system is, slowly and belatedly, gaining traction in the UK. For many years, a handful of outriders and advocates for digital ID technologies have struggled to focus public attention on their potential benefits. The prospect of greater security against fraud, modernised public services and more efficient customer journeys was ... Read more ›
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British unicorns have supported the founding of more startups than any other European country, fresh research has found, highlighting Britain’s continued dominance in the tech sector. Firms worth more than $1bn today have collectively spawned 393 new businesses in the past 25 years, according to figures from Accel. It’s common practice in tech for startup founders ... Read more ›
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This week’s podcast guest is Louise Webster, the founder of Beyond the School Run, who discusses the challenges of balancing parenthood with launching a business, why parents need to be given resources and support to ensure they can thrive as entrepreneurs and how Covid radically reshaped the world of work for the better. Beyond the ... Read more ›
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The vast majority (72%) of the British public would be more comfortable with AI if new laws regulated the practice were put in place, according to fresh research from the Ada Lovelace Institute and the Alan Turing Institute. The figures, from a survey of more than 3,500 UK residents, found the desire for AI regulation ... Read more ›
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Wayve has become Britain’s fastest-hiring tech firm amid a surge in recruitment for roles in AI. The autonomous vehicle startup, which raised $1bn in a funding round in May last year, has added around 200 new roles to its headcount over the past twelve months, according to figures from cord. Wayve has been closely followed ... Read more ›
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The link between wellbeing and performance ‘Wellbeing’ is a term that we now use on a near daily basis having become ingrained in our work and personal lives. COVID-19 brought into sharp focus the need to prioritise our mental, physical and emotional health. As a result, in incredibly challenging times, the tech sector came alive ... Read more ›
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American tech giant IBM is backing a UK state-run plan to increase diversity among cyber workers, despite pressure from the Trump administration to scrap DEI schemes. IBM has agreed a partnership with the UK’s Department for Science, Innovation and Technology (DSIT) and the National Cyber Security Centre (NCSC) to provide the online platform for the ... Read more ›
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Kondor AI has struck a deal to acquire fellow Aquis constituent Ora Technology in an all-share offer as the firms look to consolidate their tech to capitalise on the growing AI agent market. The proposed offer would entitle Ora shareholders to 0.9848 consideration shares in per Ora share sold. The deal would value Ora’s shares ... Read more ›
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Two of the UK’s biggest listed semiconductor firms saw their shares rise today after striking fresh multi-million pound deals. EnSilica shares rose the fastest, up as much as 5% in early London trade, as the Oxford-based business unveiled a multimillion-pound design and manufacturing services contract with what it described as “a well-funded pioneering optical computing ... Read more ›
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The London Stock Exchange is the “natural destination” for an initial public offering (IPO) the CEO of ClearScore has said, as the company considers its options for a flotation. Speaking to The Times, Justin Basini said while recent history has shown a lack of “homegrown growth equity” in London compared with the US public markets ... Read more ›
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Most popular sources
Business Insider
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68% 8 |
Wired
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5% 3 |
The Verge
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5% 1 |
Gizmodo
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5% 3 |
MacRumors
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2% 0 |
| View sources » | |
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08.04.2025 07:19
Last update: 07:12 EDT.
News rating updated: 14:11.
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