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 ›
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The UK financial watchdog has taken legal action against Chinese-founded crypto exchange HTX for illegally promoting services to UK customers. Founded as Huobi by former Oracle engineer Leon Lu, HTX is among the largest global crypto exchanges. It is headquartered in Seychelles with offices in South Korea, Japan, the United States and Hong Kong, where ... Read more ›
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Artificial intelligence in financial services has progressed far beyond a curiosity and has today become a simple reality. But while firms in the sector appear completely ready to embrace the technology, in much of the world regulation has not caught up with the capabilities of modern AI. Therefore, the onus is on firms themselves to ... Read more ›
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The UK Space Agency has launched a new internship programme aiming to increase industry skills and create a youth launchpad into the sector. The Skills for Space programme will kick off with an initial 50 paid placements across the UK space sector to give students an entry point into an industry highlighted by the government ... Read more ›
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The Competition and Markets Authority (CMA) has secured commitments from Apple and Google that aim to improve the fairness of their app store practices. The CMA last year determined that the two US firms held strategic market status (SMS) in this marketplace, with the Apple App Store and the Google Play Store making up an ... Read more ›
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British semiconductor startup Fractile has unveiled plans to boost its capabilities with a £100m expansion to its UK facilities. Fractile emerged from stealth in 2024 with a £12m seed investment led by Kindred Capital, the NATO Innovation Fund and Oxford Science Enterprise that also included Hermann Hauser, the founder of Arm predecessor Acorn Computers. The ... Read more ›
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London-based energy scaleup company tem has secured a $75m (£55m) Series B investment round. Founded in 2021, tem’s ambition is to replace what it considers to be the outdate, complex and opaque legacy system of pricing and trading energy. Describing its products as the “first AI-native energy transaction infrastructure”, tem’s technology is comprised of two ... Read more ›
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This week’s podcast guest is Emma Hagan, chief executive officer of ClearBank, who discusses the rich history of the British fintech and why the UK needn’t lose its crown in the sector and the rise of AI in fraud and what fintechs can do to help. ClearBank was founded a decade ago as the UK’s ... Read more ›
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The British Business Bank has appointed Charlotte Lawrence, an investment professional with over two decades of experience, as its new managing director of direct equity. In her new role, Lawrence will be in charge of the bank’s direct and co-investment activity. Her appointment follows reforms to the bank’s investment capabilities made in 2025 that mandated ... Read more ›
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Social media platforms profited £430m last year from scam adverts targeting UK users, according to new research. A white paper from Juniper Research commissioned by fintech giant Revolut found the UK is a top target for scam ads, accounting for nearly 11% of the total European revenue generated by social media platforms from the practice. ... Read more ›
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Conservative MP and former city minister John Glen has been appointed to the board of Open Banking Limited (OBL), the organisation responsible for overseeing the standards of the financial technology. Currently serving as the parliamentary private secretary to opposition leader Kemi Badenoch, Glen held several roles in the Treasury during the previous Conservative government including ... Read more ›
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British data centre provider Pulsant has announced it has made a £10m investment to expand a site in Milton Keynes as digital infrastructure continues to sprout up in the UK. Pulsant’s facility is among the flurry of new data centres constructed to support the rapid adoption of AI, as the government encourages more domestic digital ... Read more ›
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Science Minister Lord Vallance has hailed the Oxford region as a “hotbed of innovation” in a visit to the new Oxford North R&D hub in support of government plans to support science and tech super cluster in the Oxford-Cambridge corridor. Oxford North is a new innovation district in the southern English city. The 64-acre site ... Read more ›
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This week’s UK tech funding deals include AI decacorn ElevenLabs, automated FX hedging platform Bound and more. UKTN tracked £431.5m worth of UK tech investment this week (2 February to 6 February), a 222% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. ElevenLabs – £368m Sector: AI HQ: London ... Read more ›
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NuVision Biotherapies, a health tech company developing products to speed up the healing of eye conditions, has raised £4.8m in a new funding round. Spun out from the University of Nottingham, NuVision Biotherapies’s products use amniotic membrane, the tissue surrounding babies in the womb, to support the healing of wounds after surgery and manage conditions ... Read more ›
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Vroon Modgill is the founder and chief executive of Sokin, a London-based fintech specialising in business-facing cross-border payments. In this week’s Founder in Five Q&A, Modgill discusses how founders who close big money rounds are wrong for thinking the hard part is over, why the real value of generative AI is outside the headline grabbing stuff ... Read more ›
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BAE Systems has launched a new incubator programme designed to take technologies developed for defence and commercialise them into other sectors. The programme, called BAE Systems Launchpad, will support dual-use technologies, providing startups with access to customers across a broader range of sectors, such as energy and advanced manufacturing. Launchpad was created in part to ... Read more ›
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Clearing and embedded banking fintech ClearBank has named Neil Drennan, a former executive at Visa, as its new chief technology officer. Drennan, a former CurrencyCloud executive, spent three years as CTO for Visa Cross Border Solutions following its acquisition of the London-based fintech. He has now been tasked with leading the enhancement of ClearBank’s cloud-based ... Read more ›
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It is by now well established that the UK boasts one of the strongest academic ecosystems in the world, which regularly produces globally impactful technologies and discoveries. It is, however, also well established that for all the enviable success of the UK’s researchers from institutions like Oxford, Cambridge and Imperial, it seems much rarer for ... Read more ›
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Executives often talk confidently about AI, often as if the direction of travel is already settled. But away from the soundbites, many organisations are still facing challenges lining up ambition with reality, unsure what success looks like. That tension sits at the heart of how Leila Romane, managing director of SAP UK & Ireland, describes ... Read more ›
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ElevenLabs has cemented its place as the UK’s most valuable AI firm after a $500m (£368m) Series D investment has valued it at $11bn. The new funding round London-headquartered group, known for its powerful AI-generated audio technology specialising in voice generation, has been led by US investment group Sequoia. The sizeable Series D also includes ... Read more ›
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06.03.2026 02:15
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