Elon Musk‘s Tesla is looking to enter the UK home energy market after making a formal bid to secure an electricity supply licence from Ofgem. The Texas-headquartered company has applied for a UK approval to supply homes with power via its Manchester-based UK subsidiary Tesla Energy Ventures. Ofgem will collect comments on the licence application ... Read more ›
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AI, carbon removal and sustainable aviation fuel (SAF) are among the areas targeted by International Airlines Group (IAG) in the firm’s largest-ever accelerator cohort featuring 29 startups. IAG, the London-headquartered conglomerate which owns British Airways, Aer Lingus and Iberia among other airlines, has been running its startup accelerator since 2016 and claims to have supported ... Read more ›
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Wagestream, a London-based fintech known for its flexible salary product, has officially rolled out its new workplace loan product to its UK client base. The service, backed by a £300m debt financing deal from Citi, will allow businesses to offer loans to staff as part of their employee benefits. The fintech conceived of the idea ... Read more ›
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This week’s UK tech funding deals include API and app security company Aproov, financial modelling LLM and more. UKTN tracked £8.6m worth of UK tech investment this week (4 August to 8 August), a significant week-on-week decline during the typically slower period of funding deals in August. Here’s your weekly roundup of UK tech startup ... Read more ›
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Louise Thomas is the co-founder and chief executive of Air Aware Labs, a technology company tackling the issue of air pollution. In this week’s Founder in Five Q&A, Thomas discusses the value of hiring staff who can grow with your startup, managing teams without being hierarchical and a side passion for flamenco dancing. Which role was ... Read more ›
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The quantum computing ecosystem is not ready for quantum error correction (QEC) despite recognising it as critical, according to new research. QEC is a technique in quantum computing to protect qubit data from errors caused by noise and decoherence, a crucial element in reliable quantum computers. A survey of 300 quantum professionals conducted by Cambridge-based ... Read more ›
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The launch of the new GPT-5 model from OpenAI “reinforces the growing gap between AI capabilities, and our ability to govern them”, warns the Ada Lovelace Institute. The latest iteration of OpenAI’s flagship product ChatGPT launched this week, with the company claiming it had now reached “PhD-level” intelligence. As a major advancement in AI capabilities, ... Read more ›
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The UK is home to some of the world’s best scientists and engineers with a government that has a keen ambition to capitalise on the ‘space economy’, but without launch sovereignty, it can never truly have a voice in space, according to Skyrora. The Scotland-based space tech company made waves this week when it announced ... Read more ›
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BAE Systems is increasing its investments in AI technology through the backing of Oxford Dynamics, a deep tech startup specialising in automation and robotics. The defence giant is looking to incorporate Oxford Dynamics’ AI data expertise into its business, with the first stage of the collaboration seeing the embedding of the startup’s AI technology into ... Read more ›
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Deliveroo posted a loss of £19.2m for the first half of the year, citing “costs associated with the DoorDash acquisition” as the driving force. The food delivery app in its interim results for the period ended 30 June 2025 reported an 8% revenue bump from the first half of 2024, reaching £1bn off the back ... Read more ›
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UK venture capital firms are increasingly encouraging their portfolio companies to engage meaningfully with ESG issues. However, despite clear intentions, progress remains mixed across key areas such as carbon measurement, responsible AI adoption, and board-level gender diversity. ESG_VC’s annual benchmarking aims to reveal the true extent of progress by measuring indicators from firms based globally. ... Read more ›
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Tracelight, a London-based startup developing large language model (LLM) tools for the financial sector, has raised $3.6m (£2.7m) in seed funding. Financial models hold an intriguing place in the current AI climate. The complex and time consuming processes that inform long-term strategy and the movement of billions of pounds seem ripe for automation. At the ... Read more ›
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Payments firms will be required to improve safeguarding practices to protect customer money, following new rules from the UK financial regulator. From May 2026, payments businesses will be required to keep customer money separate from the company’s own funds to ensure that it will be available to be returned in the event the firm goes ... Read more ›
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Science Minister Lord Vallance has called on tech companies to develop solutions to lower energy costs and shift peak electricity demand. As the cost of household bills and the demand for energy, driven by increased digitisation and the use of AI, rises the government has launched a five year competition for experts to develop tech ... Read more ›
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Oxford Nanopore Technologies has announced it has taken legal action against MGI Australia for infringing on the company’s patents. The University of Oxford spinout said that with the launch of MGI Australia’s product, Cyclone SEQ WT-02, the company had infringed on four patents held by Oxford Nanopore in Australia. “Oxford Nanopore’s decision to commence legal ... Read more ›
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London-founded AI unicorn ElevenLabs, known for its voice generation products, has launched a music creation tool in collaboration with the music industry. Eleven Music, described by the company as the “highest quality AI music model”, allows for the speedy creation of music in a variety of styles, structures, genres and languages. AI music generation has ... Read more ›
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Analytical reasoning and creativity are among the skills most required for successfully integrating AI into your work, according to new research from upskilling platform Multiverse. Amid concerns that an over-reliance on generative AI technology can reduce critical thinking, Multiverse, the edtech unicorn founded by Euan Blair, son of former prime minister Tony Blair, conducted research ... Read more ›
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UK signups for the virtual private network (VPN) service Proton surged by almost 2,000% in the immediate hours following the enforcement of age restriction requirements under the Online Safety Act. On 25 July, sites hosting digital content deemed inappropriate for children were required by UK law to enact strict age verification requirements for users in ... Read more ›
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The Ministry of Defence (MoD) has recruited cybersecurity group Castlepoint Systems to prevent data leaks through its AI data control technology. The Canberra-based firm has been tasked with strengthening the department’s data protection to avoid harmful leaks, such as the 2022 Afghan data breach that saw the details of nearly 19,000 individuals mistakenly sent outside ... Read more ›
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Wanda Health, a platform providing remote patient monitoring and virtual care services, has extended its latest funding round to £1.9m. Based in Bristol with extensive operations in the US, Wanda Health’s platform collects health data from patients to proactively identify potential health problems, sending alerts to healthcare providers. The company secured a £1m investment in ... Read more ›
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13.05.2026 22:06
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