Nu Quantum, a Cambridge-headquartered quantum networking startup, has scooped £7m in “pre-Series A” funding. It is building a quantum networking unit that interlocks smaller quantum computers into an overall larger network. By combining them through this method, Nu Quantum hopes it can scale up quantum computers, which is one of the main hurdles associated with ... Read more ›
0
What has the AI Safety Summit achieved? Let’s be honest it’s all hollow words and no action. All I see is dither and contradiction. Basically, it’s the worst possible outcome as far as I can see for both the UK technology sector and the progression of safe and secure artificial intelligence for the foreseeable future. ... Read more ›
1
Dr Shahram Mossayebi is the co-founder and CEO of Crypto Quantique, a company providing cybersecurity tools to protect internet of things (IoT) devices. The London-based company’s cloud-based and embedded tools use “advanced cryptography” to protect internet-connected devices from hackers. Crypto Quantique has also created a patented semiconductor design to secure IoT hardware. Founded in 2015, ... Read more ›
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The prime minister has announced a joint agreement from “like-minded countries and AI companies” to test the safety of AI models before they are released. Speaking at a press conference for the AI Safety Summit, Prime Minister Rishi Sunak said the agreement would build on the Hiroshima Process from the G7 and the “global partnership ... Read more ›
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London-based insurtech startup Eleos has raised $750,000 (£615,200) in a pre-seed investment round led by Fuel Ventures. Launched in 2023, Eleos partners with brands – predominantly fintechs – to embed income protection insurance and life cover into their products. The company is based in London with an additional team in Lisbon. It has partnered with ... Read more ›
0
Revolut has hired a new UK banking chief executive as the fintech continues its regulatory battle to secure a full UK banking licence. Francesca Carlesi will head up Revolut NewCo, an arm of the company established to operate banking services, in December. A veteran fintech executive, Carlesi for the past six years served as the ... Read more ›
1
UK supercomputers will receive triple the previously announced funding as part of a government plan to equip researchers with tools to assess the safety of advanced AI models. Cambridge has been selected as the site for the second supercomputer, with Bristol unveiled as the first location last month. The AI Research Resource will now receive ... Read more ›
4
Women-led businesses secured just 3.5% of the equity funding being invested in UK businesses during the first half of 2023, new data has found. The data, compiled by Beauhurst, looks at deal value and marks a slight improvement on the full-year total for 2022. But there remains an enormous gulf between male-led teams, which secured ... Read more ›
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Short-term property management software company Superhog has picked up £5.5m in Series A funding. Based in Hampshire, Superhog has created a platform to screen guests during short-term stays to prevent fraud. Guests and hosts are verified by allowing their mobile phone operator to disclose details including name, address, billing method, device type and others. Data ... Read more ›
0
Durham-based fintech Atom Bank has received over £100m in equity funding from existing investors BBVA, Toscafund and Infinity Investment Partners. The neobank will use its latest investment to increase its lending book customers, adding to its existing £4bn lent to homeowners in the UK. Atom Bank CEO Mark Mullen previously said he intends to IPO ... Read more ›
10
Cambridge-based climate tech company Levidian is expanding to the United Arab Emirates with a new base of operations in Abu Dhabi. Expansion to the Middle East comes after Levidian signed a £700m deal to remove half a million tonnes of carbon dioxide equivalent (CO2e) in the United Arab Emirates last year. Levidian CEO, John Hartley, ... Read more ›
0
The UK’s tech secretary has announced that AI leaders have signed the landmark “Bletchley Declaration”, a joint commitment to tackling the risks of AI. Michelle Donelan, the secretary of state for tech, revealed the joint commitment at the AI Safety Summit to an audience of world leaders, tech executives and academics on a drizzly morning ... Read more ›
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HR tech startup Spotted Zebra, which has created a platform that uses AI to identify skill gaps at organisations, has secured £7.7m in funding. Founded in 2020, Spotted Zebra’s platform creates a profile for company roles showing the skills they require. Using what it describes as a “blend of AI, assessment science and human expertise”, ... Read more ›
0
On-demand laundry and dry cleaning service Laundryheap is acquiring the digital assets of Paris-based Lavoir Moderne, which marks its fourth acquisition in under two years. Laundryheap did not disclose the terms of the deal but its chief executive said it would expand its footprint in France. Deyan Dimitrov, CEO and founder of Laundryheap, said: “We ... Read more ›
0
The government has named the 12 universities set to share a £117m funding pot to help equip the UK with AI skills. The University of Bristol, the University of Edinburgh and the University of Southampton are among the academic institutions receiving funding for Centres for Doctoral Training in AI. The £117m public funding was first ... Read more ›
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UKRI has asked Research England to suspend the operations of its diversity advisory group after the tech secretary accused it of a “serious failure” of impartiality following social media posts about the Israel-Hamas war by some of its members. Dame Ottoline Leyser, chief executive of UKRI, said she has launched an investigation and will use ... Read more ›
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Half of the industry representatives at the AI Safety Summit hail from the US, the government’s published attendee list shows, as Prime Minister Rishi Sunak looks to make the UK the “geographical home of global AI safety regulation”. The full guest list for the two-day summit shows 40 “industry and related organisations” attending, with 20 ... Read more ›
0
Sprout.ai, a startup using generative artificial intelligence for insurance claims, has secured £5.4m in its latest round of funding. Used by AdvanceCare, MetLife and Generali, Sprout.ai says it can slash handling costs in half by automating the claims process. The software takes information regarding a claim, summarises it and then reviews it against the insurance ... Read more ›
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London-based buy now pay later (BNPL) provider Zilch has been valued at $2bn (£1.65bn) after an investment from eBay. The US ecommerce giant was revealed to have acquired a share of the Klarna rival in Zilch’s latest filings on Companies House, first reported by the Telegraph. The investment from the equity arm of the online ... Read more ›
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Tech billionaire Elon Musk will attend the UK’s AI Safety Summit this week and host a conversation with Prime Minister Rishi Sunak on X, formerly Twitter, on Thursday evening. Musk’s expected attendance will be seen as a major boost for Sunak after several world leaders – including US President Joe Biden and French President Emmanual ... Read more ›
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Most popular sources
Business Insider
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26% 4 |
Tech Wire Asia
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26% 10 |
Eurogamer.net
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5% 2 |
The Verge
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5% 0 |
Android Authority
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4% 1 |
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30.11.2024 02:40
Last update: 02:35 EDT.
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