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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Octopus and Mercia-backed health tech startup Semble has closed a $15m (£11.6m) Series B funding round as it looks to expand overseas. London-based Semble has developed a clinical system to replace the outdated technology that many medical providers operate with. The British Medical Association recently estimated that doctors in England lose more than 13 million ... Read more ›
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Google-backed autonomous driving technology firm Oxa has launched its self-driving technology for Ford E-transit vans and minibuses onto British and American roads. The Oxford-based self-driving vehicle software group is looking to accelerate the commercialisation of its technology, with the hopes that its Ford E-Transit launch represents a major stepping stone in the wider release of ... Read more ›
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This week’s podcast guest is Martina King, CEO of Featurespace, who discusses why fraud has been an issue since the dawn of humanity, how the big banks are spending massive amounts on anti-fraud measures and only catching around half of all cases, and growing a company from a startup to a success story with interest from ... Read more ›
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Wise co-founder and CEO Kristo Käärmann has been fined £350,000 for breaching a senior manager conduct rule. The fintech executive was fined by the Financial Conduct Authority (FCA) for not disclosing to the watchdog previous regulatory breaches during its assessment of his fitness and propriety. The FCA said Käärmann did not properly consider the significance ... Read more ›
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There were high hopes among senior ranks of UK tech that a fresh Labour government would mark a reset in relations with the sector, ushering in a wave of new investment and unleashing the talents in top tech firms to drive digital transformation inside the operations of the state. But nearly four months on from ... Read more ›
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Quantum mechanics holds the key to understanding many aspects of the physical world, and for decades scientists and engineers across the globe have been developing technologies able to harness its unique properties for useful applications. Quantum computing – where the classical ‘bit’ of information is replaced by its quantum equivalent – is one of these ... Read more ›
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For IT managed service providers (MSPs), a buy and build strategy offers a powerful pathway to rapid growth and increasing shareholder value through increased profits and multiple arbitrage. However, success requires careful planning, effective integration and sound financial management. What is a buy and build strategy? A buy and build strategy is where a core ... Read more ›
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A reality TV star and social media influencer who was reprimanded for promoting risky investments to his followers is still actively endorsing cryptoasset products. Scott Timlin, known for appearing on MTV UK’s The Geordie Shore and winning the 2016 season of Celebrity Big Brother, was alleged by the UK financial regulator to have dangerously promoted ... Read more ›
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This week’s UK tech funding deals include photonics-based AI processor developer Oriole Networks, automated contract drafting platform Genie AI, nightlife venue navigation app Where You At and more. UKTN tracked £37.4m worth of UK tech investment this week (21 October to 25 October) in a fairly slow week for startup funding. Here’s your weekly roundup ... Read more ›
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The UK’s competition regulator began an an investigation into Google’s investment into Anthropic on Friday as it explores the concentration of market power in artificial intelligence. The Competition and Markets Authority said its preliminary probe will conclude by 19 December, by which point it will take a decision on whether to commence a full-scale, phase ... Read more ›
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Royden Greaves is the founder and CEO of Jarvis, a London-based fintech app for managing personal and workplace pension jars. In this week’s Founder in Five Q&A, Greaves discusses the challenge of launching in the competitive UK market, how so many misunderstand the technology behind the blockchain and why the concept of the metaverse is ... Read more ›
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As women’s safety continues to be highlighted as a major area of concern for the government, startups combatting nighttime dangers are popping up to give confidence back to consumers. There are startups to keep solo travellers safe abroad, to keep women safe while walking alone in the evenings and Where You At, an app designed ... Read more ›
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Resurge Growth Partners has unveiled a new venture equity vehicle in a bid to bridge the gap between venture capital and private equity for high-potential European and Israeli scaleups. The firm will invest over €120m (£100m) via the vehicle over the next three years, with nearly half of the capital already committed from the founding ... Read more ›
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Pinewood has upgraded its earnings guidance as the car dealership software firm prepares for major overseas expansion. The Nottingham-based business, formerly known as Pendragon, today raised its guidance for underlying EBITDA in FY27 to £30m from £27m. The London-listed firm has laid out its vision for global growth in a capital markets event with shareholders. ... Read more ›
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Digital product agency, Studio Graphene has spun out a new SaaS business, Telsen, having invested in creating the technology in-house over the past two years. Telsen is a SaaS platform designed to automate food safety checks and operational monitoring for the hospitality industry. It uses sensors and digital workflows to ensure compliance, prevent safety issues, ... Read more ›
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One of Britain’s biggest online used car marketplaces has driven down its losses as one of the co-founders stepped down from the board. The company’s pre-tax loss for 2023 fell by around a quarter to £31.8m down from £43.2m the previous year. Total revenues grew by 48% to £60.9m for the year, according to accounts ... Read more ›
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Pockit has appointed former Mastercard International president and CEO Gene Lockhart to its board as it looks to deploy its scaling plans. The fintech has set its sights on becoming the go-to financial services provider for what it describes as the “unbanked”. “Having led some of the world’s largest financial services organisations and been so ... Read more ›
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This post was sponsored by Scrut Automation, a platform for governance, risk, and compliance for businesses. Teja Edara, an executive from automated smart compliance platform Scrut Automation. Speaking to UKTN, Edara discussed the importance of compliance and the rapidly changing regulatory landscape. What is the importance of effective governance, risk and compliance (GRC) programmes? Teja Edara: ... Read more ›
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Policymaking on artificial intelligence has been captured by a ‘tech bro takeover’, the former chair of the Ada Lovelace Institute has warned. Professor Dame Wendy Hall, who previously served as the UK’s AI Skills Champion, said the overabundance of men in senior policymaking roles ‘wound her up’ following the disbanding of the government’s AI Council ... Read more ›
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The hedonistic season celebrating popstar Charli XCX’s latest record dubbed ‘brat summer’ may have ended, but for one of the UK’s top fintechs, the party is just getting started. Revolut is approaching 50 million global users and, ever keen to break away from the stuffy image of its Canary Wharf neighbours, is planning to celebrate ... Read more ›
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
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27.11.2024 05:42
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