Eight projects proposing ways in which AI can be incorporated into public sector work have been selected as semi-finalists in a government-sponsored competition. Run by digital business and technology service provider NTT DATA, the Civil Service AI and Data Challenge encouraged public sector workers to propose projects utilising the technology to improve services. Among the ... Read more âș
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The cloud services industry could receive a major regulatory shakeup as the UK competition watchdog has claimed Microsoft and Amazon hold a disproportionate share of the market. Following a two-year investigation into the industry, the Competition and Markets Authority (CMA) has concluded that competition in cloud services is ânot working wellâ, due in part to ... Read more âș
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Ecommerce conglomerate Debenhams Group has launched an AI Skills Academy as part of a push to integrate the technology into its business. The group behind digital shopping brands such as Debenhams, PrettyLittleThing and Boohoo, has partnered with edtech unicorn Multiverse to expand the AI skills of its workforce. The skills academy has been backed by ... Read more âș
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The UK risks âfalling behindâ on its ambitions to incorporate stablecoin technology into the economy amid rising competition from overseas, a leading industry body has warned. Inaction in firmly legislating the cryptoasset sector has led to a âgrowing disconnectâ between previous pledges by Chancellor Rachel Reeves to drive forward developments in blockchain technology and the ... Read more âș
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London AI group Nesti has launched an AI assistant for the real estate industry in an early step toward launching a fully conversational platform for estate agents by the end of the year. Nesti.Chat has been designed for use by estate and letting agents. According to the company, it can handle enquiries, qualify leads, book ... Read more âș
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This weekâs UK tech funding deals include AI cardiology diagnostics group Ultromics, cross-border payments startup Due and more. UKTN tracked ÂŁ96.8m worth of UK tech investment this week (28 July to 1 August), a 46% week-on-week decrease across nine funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. Ultromics â ÂŁ41.4m Sector:Â Health ... Read more âș
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Retail investors will soon be able to invest in cryptoasset-backed exchange traded notes (ETNs) in a major boost for the blockchain sector. UK financial regulators have been slowly opening up access to cryptoasset-related investments in an official capacity. Last year, the Financial Conduct Authority (FCA) approved the countryâs first London-listed crypto ETNs â unsecured debt ... Read more âș
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Nscale, the London-based AI hyperscaler company, has been tapped by ChatGPT developer OpenAI to build European AI data centre initiative Stargate Norway. The project marks OpenAIâs first European-based AI data centre scheme that it claims will provide large-scale compute capacity to European developers, researchers and startups. UK-based Nscale, which last year closed a $155m (ÂŁ118m) ... Read more âș
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Joris Van Der Gucht is the co-founder and chief executive of Ravical, a firm developing agentic AI technology for the professional services industry. In this weekâs Founder in Five Q&A, Van Der Gucht discusses why founders need to learn early on what is and is not urgent, the trap of poor communication and ruthless management of ... Read more âș
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Ofcom has launched investigations into dozens of sites hosting adult content to determine the level of compliance with recently enforced age verification requirements. Last week the section of the Online Safety Act requiring the hosts of adult-oriented content to enact strict age checks came into force. Among the primary targets for this were pornographic sites. ... Read more âș
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Jitty, a London-based proptech group that describes itself as the UKâs first AI-powered home-buying agent, has secured a $3.8m (ÂŁ2.8m) investment round led by REA Group. Taking on services like Rightmove and Zoopla, Jitty has developed a AI search feature to allow for easier customisable property searches from customers. Built by former developers from Deliveroo, ... Read more âș
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Venture capital firm Cambridge Innovation Capital (CIC) is committing at least ÂŁ100m to invest in spinouts from the University of Cambridge. The funding from the investor, which targets the UKâs highest-potential deep tech and life sciences companies, will seek to take advantage of the commercial potential in science and technology innovation developed by Cambridge researchers. ... Read more âș
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Brighton Park Capital, an investment firm based in New York, has opened a London office in the groupâs first international expansion. With offices in New York, San Francisco and Connecticut, Brighton Park Capital has now designated its London location as the headquarters for its European operations. The group, which holds around $2.1bn (ÂŁ1.6bn) in assets ... Read more âș
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The accounting and professional services sectors should not fear AI automation, despite hiring cuts at prominent firms, according to the UK managing director of Xero. There have been a number of reports claiming that firms like Deloitte, EY, KPMG and PwC, among other smaller businesses, have been slashing jobs and massively slowing down on graduate ... Read more âș
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Earlier this month, I was invited to PICTFORâs seventh annual Diversity, Equity and Inclusion Rally, hosted at the House of Commons. The focus of the event â attended by MPs Samantha Niblett, Mims Davies and Dawn Butler â was to share the important work being done on diversity in our sector. And yet, with slow ... Read more âș
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The Ventures Lab is partnering with Techscaler to support the creation and growth of startups in Scotland with social environmental missions. The organisations are working to strengthen the pipeline of impact-driven startups in Scotland through shared learning and aligned programme delivery. Techscaler is a startup development programme owned by the Scottish government and run by ... Read more âș
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Clearing and embedded banking group ClearBank has appointed David Samper, a banking veteran as its new group CFO. Samper joins the fintech from Newcastle Building Society, where he spent over six years as chief financial officer. He has also held senior roles at Sainsburyâs Bank, NatWest and Royal Bank of Scotland. While overseeing the finances ... Read more âș
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AI-powered cardiology diagnostics company Ultromics has secured a $55m (ÂŁ41.4m) Series C funding round to fuel its expansion across the US. Founded in Oxford in 2017, Ultromics develops AI technology to support clinicians in the detection of particularly elusive forms of heart failure. According to research cited by the company, Heart Failure with Preserved Ejection ... Read more âș
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British Business Bank has backed automated software firm JECO in the first investment through the Regional Angels Programmeâs new co-investment platform. West Yorkshire-based JECO, which develops automated toolsets designed for video game software developers and digital creatives, has secured a ÂŁ960,000 investment led by Games Angels and featuring participation from British Business Bank. The round ... Read more âș
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Subs.com, the new content creation platform created by OnlyFans founder Tim Stokely (pictured) is launching a tool wherein subscribers can receive a share of the revenue earned by creators they follow, UKTNÂ can exclusively reveal. Stokely, who founded OnlyFans â currently valued by Dealroom at $8bn (ÂŁ5.9bn) â in 2016, launched the rival content creation platform ... Read more âș
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Google is rolling out an AI-powered version of its search engine to UK users as it continues to bet big on generative technology. The company has already been integrating AI into its traditional searches through the inclusion of AI-generated summaries that commonly appear at the top of its search results. It is now taking this ... Read more âș
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07.03.2026 23:30
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