Matt Clifford, the prime minister’s representative at the AI Safety Summit, has stepped down as CEO of Entrepreneur First to focus on artificial intelligence full-time at the startup support and investment group. Entrepreneur First co-founder Alice Bentinck will take the reins as chief executive, Clifford announced on Monday. “I’ve believed for many years that AI ... Read more ›
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In the latest episode of the UKTN Podcast, Carbon13 founder and CEO Dr Nicky Dee explains why climate tech innovation is cause for optimism despite a lack of progress from initiatives like COP, unpacks why carbon offsetting is still the “Wild West” and reveals which climate solutions provide the “best bang for buck”. Carbon13 is ... Read more ›
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UK venture capital firms invested $1.1bn (£872m) in early-stage built world climate tech in 2023, the third-most in the world, according to new data. The UK is behind only the US and Germany for early-stage built world climate tech investment, which attracted $5.6bn and $1.4bn from VCs respectively. Built world climate tech refers to any ... Read more ›
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Last year, reports revealed that starting salaries for tech workers in the UK are more than 60% higher than the average pay. In spite of the cost of living crisis, many tech employees are able to put away some of their earnings as savings, make personal investments and use financial planning to make the most ... Read more ›
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Eurobank has invested €10m (£8.6m) and taken a minority stake in London-based money-saving and investment app Plum. The first tranche of the investment, worth €5m, was deployed in November. The rest of the investment is expected in the first quarter of 2024, as part of a €15m fundraise from Plum that will include additional investors. ... Read more ›
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An early-stage investment fund has received an additional £2m from investors to take larger stakes in life science startups. It brings Discovery Park Ventures’ total fund size to £3m. Investors in the fund and the startups it backs are primarily based at Discovery Park, a facility based in Kent that provides workspaces, labs and business ... Read more ›
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A judge has struck out an effort by Stability AI to have a copyright dispute brought by Getty Images thrown out. Justice Joanna Smith cast doubt over the evidence presented by Stability AI as part of its ongoing copyright case with Getty Images over training data. Stability, a generative AI company that competes with ChatGPT ... Read more ›
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The founder and former CEO of Manchester-based web hosting provider UKFast has been jailed for 15 years for committing two rapes and a sexual assault. Lawrence Jones was convicted in January this year of sexually assaulting a female employee on a business trip in 2013. He was found guilty of drugging and raping two women ... Read more ›
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Manchester-based fintech company Total Processing has been acquired by Irish payments platform NomuPay for $35m (£28m). NomuPay was formed out of the assets salvaged from the collapsed German fintech company Wirecard in 2021. Dublin-headquartered NomuPay provides an end-to-end payment platform. The company said it would integrate Total Processing’s merchant services, which include recurring payment collections ... Read more ›
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London-based international money transfer company Paysend has raised $65m (£51.4m) in its latest funding round that included a strategic investment from Mastercard. Serving both consumers and businesses, Paysend supports cross-network payments across Mastercard, Visa, China UnionPay and local ACH payment schemes. It follows a partnership struck between Paysend and Mastercard earlier this year. The fintech ... Read more ›
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Huboo, a Bristol-based ecommerce fulfilment company, has raised £29m in an equity and debt funding round featuring HSBC and Blackrock. Founded in 2017, Huboo’s ecommerce platform integrates with sales channels and marketplaces to outsource the fulfilment of products. Huboo works with small merchants and SMEs as well as large-scale multinational sales brands with warehouses across ... Read more ›
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Operational Solutions Limited (OSL), a Reading-based counter drone intelligence company, has received a £3.5m investment from the Business Growth Fund (BGF). Founded in 2010, OSL has developed a software platform for airports, government agencies, major venues and commercial sites to protect against security risks from unmanned aircraft. Drones have become widely available, which has led ... Read more ›
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A group of Big Tech firms – including Microsoft, Amazon, Google and Meta – have agreed to sign an agreement with the UK government to tackle online fraud more effectively. The Online Fraud Charter will be signed on Thursday by the group of 11 Big Tech firms in a meeting hosted by James Cleverly, the ... Read more ›
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British artificial intelligence startup Stability AI has held early talks with potential buyers amid an exodus of senior staff and pressure from investors for its CEO to resign, according to reports. The startup behind the Stable Diffusion image generator has participated in discussions with multiple companies over a potential takeover in recent weeks, Bloomberg reported ... Read more ›
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US-based stock trading app Robinhood will officially roll out in the UK in early 2024 after multiple previous attempts. Robinhood, which offers 24-hour commission-free stock trading, has launched a waitlist for UK users and will grant access to its app over the following weeks with full availability expected next year. Users in Britain will be ... Read more ›
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With the AI Safety Summit and the chancellor’s Autumn Statement bookending last month, November provided plenty to dissect for the UK tech industry. China’s role at the AI summit dominated the headlines, with former Prime Minister Liz Truss among the most vocal critics. With 28 countries in attendance as well as heads of the world’s ... Read more ›
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Oxx, the London-based B2B software investor, has raised $190m (£150m) to further its investment goals in the European software as a service (SaaS) market. The investor, which has backed UK software startups such as Peak, Black Swan and CyberSmart, said that its new funding will support its investment goals within the “AI paradigm of SaaS”, ... Read more ›
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The UK competition regulator is expected to block Adobe’s $20bn deal to acquire design software firm Figma after finding it would likely harm the sector. The Competition and Markets Authority (CMA) in its provisional report, following an in-depth probe in July, said the deal would harm innovation for software used by the “vast majority” of ... Read more ›
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Bristol and Bath are tech ecosystems on the rise, with world-leading firms like Graphcore, a host of promising young startups, major compute infrastructure investments and top-class universities. In the latest regional tech report, UKTN shows off the South West cities’ tech sectors, from the companies and investors championing it to the strengths and challenges it faces. ... Read more ›
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HSBC Innovation Banking was launched at London Tech Week in June following HSBC’s acquisition of Silicon Valley Bank UK in March. What followed was a whirlwind journey to create and launch a global tech-focused banking brand in 100 days. This year has been particularly challenging for businesses, as a result of the high interest rate ... Read more ›
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Most popular sources
Business Insider
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30% 0 |
Tech Wire Asia
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27% 5 |
Eurogamer.net
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6% 3 |
Android Authority
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4% 0 |
CNET
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4% 3 |
| View sources » | |
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29.11.2024 18:39
Last update: 18:31 EDT.
News rating updated: 01:30.
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