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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The finance and tech community has embraced the latest set of business-oriented policies announced by the Labour Party. Last week, Labour held a business conference alongside the release of its Financing Growth report, in which the opposition outlined a handful of economic policies as it courts the business community in preparation for an election campaign. ... Read more ›
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The UK had one of the highest percentage of venture capital funds invested in startups with female founders in Europe last year, according to a new report, but male-founded companies continue to receive the overwhelming majority of investment. The ‘State of Gender Diversity in European Venture 2024’ report from Female Foundry revealed that 16% of ... Read more ›
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In Australian politics, policies are often judged under the metric of the ‘pub test’: would an ordinary patron understand and accept to be fair any given policy, decision or proposal? Weighing up the merits of Labour’s plans for financial services down at the pub may not be the best conversational gambit for Friday drinks with ... Read more ›
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CryptoUK, the British trade association for the blockchain industry, has brought on the UK’s former crypto regulatory boss as an independent consultant. Binu Paul will join CryptoUK having previously held the role of head of digital assets at the Financial Conduct Authority (FCA). At the FCA, Paul oversaw the establishment of the financial watchdog’s digital ... Read more ›
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Inken Thomas is the co-founder and chief product officer at Manageable, a software platform providing tools for managers to be effective coaches. Founded in 2020 by Thomas and her husband Farley Thomas, Manageable is a personalised skills development platform for new and mid-level managers. The London-headquartered startup has created an “AI-powered digital companion”, which includes ... Read more ›
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Labour Party this week published a report outlining many of its economic policies intended to support the growth of British business ahead of an upcoming general election expected this year. The Financing Growth report covered policy across the financial sector, looking at the wider regulatory framework, pension funds, SME growth and more. Here is everything ... Read more ›
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The Treasury has said it acknowledges concerns raised about the recent changes to angel investor rules and will “work closely” with the startup community to find a solution. Last week, Chancellor Jeremy Hunt received an open letter signed by more than 2,700 industry representatives calling for a reversal of a policy to raise the income ... Read more ›
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Cambridge-based startup Obrizum has partnered with aerospace and defence company BAE Systems to launch AI-powered military training tools. Obrizum is a data-driven upskilling platform that uses AI to analyse performance data from employees in training and adapts its teaching to suit users’ needs. Its platform generates custom skills challenges which are targeted to suit the ... Read more ›
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George Osborne, the former chancellor of the exchequer, has joined the American crypto giant Coinbase as an advisor. Osborne, who ran the Treasury for six years during the premiership of now Foreign Secretary Lord Cameron, will support the California firm as the digital currency industry faces regulatory pressure in the US. According to the crypto ... Read more ›
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London-based Giant Ventures has raised $250m (£197m) across two new investment funds targeting “purpose-driven technology”. The VC funds will back firms in the UK, US and the Nordics operating in climate tech, health tech and inclusive capitalism. The first fund, worth $100m, will back 25 companies at the seed stage, while the second $150m fund ... Read more ›
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The UK and Canada have signed a set of agreements to collaborate on AI research and compute infrastructure development. The agreements, which commit the nations to explore how they can support researchers and industry with access to computing capacity, follow a state visit to Canada by Michelle Donelan, the science and technology secretary of state. ... Read more ›
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Twig, a “circular economy” fintech that has raised £32m from investors, is shutting down less than four years after launching. The London-based startup initiated the insolvency process earlier this month for both its primary business and Mobi Market, a subsidiary it acquired in 2022. Twig has entered creditors’ voluntary liquidation, which means it cannot repay ... Read more ›
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HireAra, a startup building AI candidate presentation-building tools for the recruitment industry, has raised £450,000. Founded in 2022 as a spinout from automation company DigiBlu, HireAra is looking to use advances in AI technology to drive improvements in recruitment. The startup works with recruitment agencies to generate CVs and candidate presentations and profiles. Clients can ... Read more ›
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Changes to the Investigatory Powers Act risk making the UK “less attractive for investment”, a tech trade association has warned. The Investigatory Powers Act, introduced in 2016, is being amended to give the intelligence services additional tools to deal with national security threats. Civil liberty groups have described the existing legislation as the “snoopers charter”. ... Read more ›
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Manchester-based delivery tech firm Sorted has been acquired in a reverse takeover by AIM-listed company Location Sciences for less than £70 after raising more than £70m over the years. Founded in 2010, Sorted develops software to analyse the performance of deliveries to improve operational efficiency. Sorted has worked with major ecommerce partners, including Asda, Lush ... Read more ›
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Back in April, I talked about how UK tech could emerge stronger from the global economic downturn. Since then, one subsector in particular has led the tech industry’s recovery, attracting record investment and establishing itself as one of the most exciting areas for UK growth – climate tech. Data from London & Partners released earlier ... Read more ›
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SME financial services platform Tide has appointed its first chief risk officer (CRO) as it looks to strengthen its compliance team. Rebecca Marriott, who has worked across the Tide financial crime prevention and compliance department since 2018, will immediately assume the newly established CRO role. Before joining Tide, Marriott worked in the financial intelligence unit ... Read more ›
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London-based quantum company Orca Computing has acquired the integrated photonics division of US firm GXC for an undisclosed sum. Founded in 2019, ORCA develops quantum computers using modular optical fibre-based architecture. GXC is a wireless technology company specialising in 5G connectivity. Its photonics division has supplied quantum solutions in the US both commercially and in ... Read more ›
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Berlin-based Delivery Hero is selling its 4.5% stake in Deliveroo – worth around £83m – as the food delivery app sector continues to face challenges. Delivery Hero said on Monday it intends to sell the entirety of its 68.2m shares in the London-listed firm. According to the company, the new funds will go towards “general ... Read more ›
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Dutch neobank unicorn company Bunq will re-enter the “hugely important” UK market following its first full year of profitability. The Amsterdam-based fintech has applied for an e-money institution (EMI) license that will allow it to provide financial services in the UK. “As a bridge between Europe and the rest of the world, the UK is ... Read more ›
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24% 5 |
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6% 2 |
Android Authority
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5% 1 |
CNET
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5% 2 |
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29.11.2024 13:28
Last update: 13:21 EDT.
News rating updated: 20:21.
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