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 ›
15
The founding CEO of Tech Nation is among the technology figures recognised in the King’s 2024 New Year Honours list. Gerard Grech, who led the startup support network Tech Nation for over a decade until it closed in March last year, has been awarded a CBE for services to the technology sector. Grech currently leads ... Read more ›
9
Chase UK is targeting profitability by 2025 as it looks to establish itself as a key player in British finance, according to the digital bank’s managing director. The JP Morgan-owned digital bank launched in the UK in 2021 and amassed more than one million users in its first year. Ready to cement its position as ... Read more ›
0
Microsoft president Brad Smith has dialled back the criticism he directed at UK regulators last year in which he declared the country “closed for business”. Speaking on the BBC’s Today Programme, Smith said he felt the Competition and Markets Authority (CMA) was “tough and fair” in its handling of Microsoft’s attempts to acquire gaming giant ... Read more ›
0
What can startup founders do to make their companies as attractive as possible to investors in those crucial but sometimes daunting funding rounds? First and foremost, fundraising is a critical process that requires timely action. The optimal period to commence fundraising activities is when a company has a cash runway of eight to 12 months. ... Read more ›
3
Bristol and Bath are thriving tech hubs, producing local success stories including Graphcore and Open Bionics and attracting capital from investors with dedicated strategies in the two South West cities. Given the region’s strength in commercialising academic research, it’s no surprise that the Bristol region received the most Innovate UK grant funding in 2022 compared ... Read more ›
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With the news agenda consumed by war in the Middle East and last month’s boardroom drama at OpenAI, you could be forgiven for having missed the release of the government’s Advanced Manufacturing and Battery Strategies. While the reports were published without fanfare, both are important policy issues for the UK’s future competitiveness and our ability ... Read more ›
14
It has been a mixed year for the UK’s health tech sector. VC investment into health tech startups stalled at similar levels to 2022 (a 37% drop from 2021), and a report highlighted an urgent need for intervention to ensure the UK can match the support for health tech companies offered elsewhere in the world. ... Read more ›
2
Patrick Smith is the founder and CEO of Zally, a cybersecurity startup aiming to make passwords obsolete. Founded in 2022, Zally replaces traditional text-based passwords with “advanced behavioural biometrics and AI”. Passwords are often a weak point in cybersecurity, accounting for 90% of data leaks. The pre-revenue startup says its technology can authenticate users with ... Read more ›
18
A year marked by economic difficulty is drawing to a close with a more positive outlook for 2024. Inflation is down and there are strong signs of economic recovery. However, one recent policy decision has cast uncertainty on the UK’s ability to attract the talent needed to sustain this recovery – the government’s latest immigration ... Read more ›
9
This year began with high hopes for the UK space tech sector, only for them to come crashing back down to Earth after the failure of Virgin Orbit to become the first orbital launch from British soil. Despite that setback, there is optimism that the UK’s nascent but rapidly growing space tech sector will reach ... Read more ›
3
On the fourth floor of an unassuming-looking building near London, a biotech startup is developing ways to replace petrochemical products with sustainable alternatives. Walking into the office, like any other you are greeted with rows of desks. But on the far side of the room sits a laboratory behind floor-to-ceiling glass panels. Inside the laboratory, ... Read more ›
9
The UK’s space tech industry is at an exciting, albeit early, stage of development with companies scrambling to unlock the enormous potential of the final frontier. There are many possible applications of space-based technology, from communication and navigation to the military. One startup is aiming to use space to relieve the heavy burden of cancer ... Read more ›
2
Crypto has found itself in a complicated space at the end of 2023. Just a few years ago, the alternative currency technology experienced unprecedented levels of growth, both in the value of assets like Bitcoin and in public awareness. Recent high-profile scandals, including the collapse of FTX, legal challenges against the CEO of Binance, and ... Read more ›
18
Bristol and Bath’s tech sector represents one of the UK’s fastest-growing tech ecosystems, home to just under 5,000 tech companies with a 9% growth rate across the South West. With a cluster of world-leading research centres, both cities produce a high number of R&D-driven startups across a variety of sectors, including robotics, creative technologies and ... Read more ›
2
Do you know your startups from your scaleups? Your large LLMs from your NLP? Have you been following the biggest stories in UK tech closely this year? Test your knowledge of the goings-on in UK tech in 2023 with the UKTN’s end-of-year quiz. All 10 questions relate to UK tech news events from 2023. For ... Read more ›
0
It’s been a wild ride for the UK tech sector in 2023 in a year defined by downrounds, layoffs, collapses, regulatory battles and – of course – AI. Amid challenging economic headwinds, 2023 has also been a year of rebirth. HSBC Innovation Banking rose from the ashes of Silicon Valley Bank UK. Tech Nation has ... Read more ›
0
The UK has made clear its intention to lead the world on AI regulation, with the prime minister going so far as to declare the nation the “geographical home of global AI safety”. The UK has made some early strides, notably hosting the first international summit on AI Safety in November, however, Rishi Sunak’s ambitions ... Read more ›
0
UK electric vehicle (EV) developers received an early Christmas present from the European Union (EU), which extended tariff-free exports for the technology. The EU earlier this year intended to implement rules of origin regulations that would enforce a 10% tariff on EVs built in the UK which are exported to the continent. The original plan ... Read more ›
2
Revolut hit $1.1bn (£923m) in revenue in 2022, a 45% increase from the £638m the year prior, according to the company’s belated accounts. Revolut’s revenue may have surged significantly but net profits for the year were down 78% from £26.3m in 2021 to £5.8m. The drop in profits was caused by a sharp increase in ... Read more ›
15
It has been a slow year for the metaverse. After exploding into mainstream fame following Facebook’s rebrand to Meta in 2022, interest in the technology of bringing real life into a virtual world has waned in 2023. Many have taken this drop in interest and limited commercial success to mean the metaverse revolution had died ... Read more ›
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Most popular sources
Tech Wire Asia
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28% 12 |
Business Insider
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27% 6 |
Android Authority
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5% 1 |
Eurogamer.net
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5% 2 |
Gizmodo
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4% 1 |
| View sources » | |
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29.11.2024 19:54
Last update: 19:46 EDT.
News rating updated: 02:41.
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