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
Venture capital firm Accel has led a $5m (£3.92m) funding round into Arcane, a startup using AI for digital marketing. The startup, which was founded in late 2021, has created a platform that brings myriad marketing tools into one place including for social, emails and content. Arcane says it has created an AI ‘co-pilot’ that ... Read more ›
6
Business support organisation Digital Catapult has appointed Susan Bowen as CEO. Bowen joins the not-for-profit from cloud provider Aptum Group, where she held the role of president and chief executive. The former Hewlett Packard executive will begin her role as Digital Catapult CEO from March next year. She replaces Dr Jeremy Silver, who held the ... Read more ›
2
Qogita, a London-based startup looking to make wholesale shopping for SMEs as simple as buying products on Amazon, has secured €80m (£68.6m) in new funding. Founded in 2021, Qogita was created to address the complexities faced by small and medium ecommerce brands when sourcing wholesale products. This process often involves building relationships with suppliers, negotiating ... Read more ›
15
Spotta, a Cambridge-based startup that has developed bedbug detection sensors for agriculture and hospitality, has raised £3m. The UK has experienced an unexpected surge in bedbug activity in the second half of the year, with enquiries for pest control companies to deal with the parasitic creatures on the rise and the Mayor of London expressing ... Read more ›
0
Jay Shen is the founder and CEO of Transreport, which has created an app to assist disabled passengers on transport networks. The company recently launched its flagship technology, called Passenger Assistance, which has been deployed by National Rail across the UK train network. The smartphone app lets passengers request assistance and plan journeys. Shen founded ... Read more ›
2
The founder of fintech Curve believes the company is on the path to profitability after it more than halved losses in its latest financial report. Curve, an app that combines payment cards into a single interface, reported revenue of £45m for the year ended December 2022, up more than four times the £10.7m from 2021. ... Read more ›
0
London-based Meniga has raised €15m (£12.9m) to clear its debts and develop its existing digital banking solutions. Meniga provides white-label personal finance management tools for banks and financial institutions, including UniCredit and Swedbank. Using open banking, the fintech company creates digital banking tools for existing banks to provide consumers with insights on areas including cashflow ... Read more ›
0
Embedded banking company ClearBank has appointed Megan Cooper, a former Barclays and Starling Bank executive, as its chief product officer (CPO). Cooper has been brought on to lead ClearBank’s product strategy team as the fintech looks to build on the momentum of its latest financial report, in which it doubled its revenue, landing a pre-tax ... Read more ›
0
A wealth tech startup backed by the co-founder of Monzo has closed a £1m crowdfund at a pre-money valuation of £12.1m. Prosper is a platform providing access to investments, zero-fee index funds and cash interest. It charges a fee based on a percentage of the customer’s assets held on the Prosper platform. Founded in 2020 ... Read more ›
1
All woman-founded teams make up just 7.5% of the UK’s total deep tech startup ecosystem, according to a new report. Research from the Royal Academy of Engineering found that all male founding teams made up 77% of the UK’s 3,500 deep tech startups, while 15% are mixed. Deep tech is a broad category of companies ... Read more ›
2
UK quantum and digital startups are being invited to participate in two business support programmes located in Oxfordshire and Daresbury. The two initiatives are being run by the Science and Technology Facilities Council, part of UK Research and Innovation (UKRI). Successful applications will receive tens of thousands of pounds in research and development funding, business ... Read more ›
0
London has secured foreign direct investment (FDI) from 100 international tech companies this year to create over 4,380 jobs, new data has shown. It marks a 40% year-on-year increase in the number of jobs created from FDI in a sign that London continues to be an attractive destination for overseas businesses amid a challenging macroeconomic ... Read more ›
5
Judges in England and Wales have been given the green light to use generative AI tools like ChatGPT for administrative tasks but warned against using them for conducting legal analysis. The guidance, issued by the judiciary on Tuesday, advised judges to check any information provided by an AI tool for accuracy before it is relied ... Read more ›
2
Two companies developing technology to launch satellites from Scotland have received more than £6.7m in funding as Britain ramps up its efforts to launch a rocket into orbit from home soil. Orbex, which is building low-carbon orbital launch services at Sutherland Spaceport on the A’ Mhòine peninsula, secured £3.3m. HyImpulse has received nearly £3.4m to ... Read more ›
2
A senior Adobe executive has accused the UK’s competition regulator of stifling innovation by taking too long to scrutinise mergers and acquisitions. The Competition and Markets Authority (CMA) said last month that it expects to block Adobe’s $20bn (£15.8bn) deal to acquire design software firm Figma. Speaking to The Times, David Wadhwani, president of Adobe’s ... Read more ›
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The UK government is establishing a second headquarters for its science and technology department in Salford, Greater Manchester. The move will create hundreds of additional roles in Greater Manchester, the Department for Science, Innovation and Technology (DSIT) said on Tuesday. DSIT, along with Building Digital UK – the department responsible for rolling out broadband and ... Read more ›
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The Covid-19 pandemic ignited a rapid evolution in work dynamics, catapulting organisations into a digital realm much faster than anticipated, bolstering the need for digital workspaces. The UK, with its emphasis on enterprise and innovation, found itself at the cusp of this digital frontier. The pandemic underscored the indispensability of digital transformation, manifesting in ... Read more ›
2
In this week’s UKTN Podcast episode, Baroness Martha Lane Fox reflects on a challenging year for tech businesses, explains why we should be more concerned about a “profound shift in information flows” than destruction by robots, and unpacks why we shouldn’t be too pessimistic about startup funding. Lane Fox is a British businesswoman, philanthropist and ... Read more ›
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Property developer and venture builder Pioneer Group has partnered with the UK’s national innovation agency to support life science businesses. Pioneer Group and Innovate UK are inviting life science founders to participate in its Launch Programme, which provides support to spinouts and entrepreneurs looking to take ideas from the lab to market. The initiative is ... Read more ›
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The chief executive of Arm has said he worries about humans losing control of AI and that overrides are needed to shut down systems in an emergency. When asked what keeps him up at night in an interview with Bloomberg, Rene Haas said: “The thing I worry about most is humans losing capability [over the ... Read more ›
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Most popular sources
Business Insider
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27% 2 |
Tech Wire Asia
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24% 7 |
Android Authority
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5% 1 |
Eurogamer.net
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5% 1 |
Gizmodo
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4% 1 |
| View sources » | |
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29.11.2024 22:51
Last update: 22:46 EDT.
News rating updated: 05:41.
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