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Simon Hunt @ UK Tech News · 03/13/2025 10:33 EDT

Fuel Ventures in Hargreaves Lansdown partnership to expand investor access

A Venture Capital Trust run by early-stage investor Fuel Ventures is now available through Hargreaves Lansdown’s online VCT investment service as it seeks to widen its appeal to a growing range of investors. The firm said the move will broaden access to exciting venture capital opportunities, supporting the growth of dynamic UK businesses and offering attractive ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/13/2025 09:29 EDT

Has DeepSeek’s open source AI become a tool for cyber-scammers? 

DeepSeek’s free-to-use open source AI models could be used by bad actors to generate dangerous malware whilst exhibiting lacklustre guardrails, new research has found.  Governments and regulators have been warning of the possibility of LLMs like ChatGPT and Gemini being used to create dangerous code since the modern scale of generative AI was revealed to ... Read more

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UK Tech News
Liam Cogan @ UK Tech News · 03/13/2025 09:24 EDT

TV Star: A game-changer for startups and scaleups

For ambitious startups and small businesses, brand visibility is everything. A strong marketing strategy means you give your brand the best possible opportunity for ‘exponential growth’. That’s why the TV Star competition, hosted by All Response Media in partnership with us, Sky Media, Founders Factory, Transmission and Astus Group, is an opportunity no entrepreneur should ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/13/2025 07:00 EDT

Government turns to AI to save £45bn in public service spending 

The government hopes to save as much as £45bn spent on public services through tech upskilling and the outsourcing civil service work to AI.  In a speech made on Thursday, Prime Minister Kier Starmer said the state had grown larger but weaker and a digital transformation was required to “deliver for working people”.  “If we ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/13/2025 05:48 EDT

Deliveroo shares dip despite swing to first year of profit

Shares in Deliveroo fell as much as 9% on Thursday despite the firm posting its first full year of profit.  Deliveroo stock dipped to £1.14 as the London-based delivery app reported a swing from a £31.8m loss for the year ended December 2023 to a total profit of £2.9m at the end of last year.  The ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 03/13/2025 05:33 EDT

Trainline shares tumble as it warns on competition with government superapp

Trainline shares sunk as much as 15% in early London trade as the travel e-commerce firm warned it would have to compete with a new government superapp. The London-based business pointed to a clarification made by the government in its rail industry consultation published last month, in which it said it planned to combine the ... Read more

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UK Tech News
Nigel O'Neill @ UK Tech News · 03/13/2025 02:44 EDT

Is cultural intelligence the missing ingredient of growth?

While working in Singapore, I once openly challenged a fellow Western colleague during a business meeting. An hour later, we shared a friendly lunch as if nothing had happened. A Singaporean colleague was puzzled. “How can you two be so friendly after such a disagreement?” It highlighted an important cultural difference: Western management techniques like ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 03/12/2025 20:01 EDT

Conversational AI developer Merx raises £1m 

Merx, the developer of a conversational AI tool for brand communications, has raised £1m as companies look to automation to meet customer demands.  AI is increasingly being used in customer facing roles. From chatbots built into banking apps to AI-manned call centres to an automated hotel concierge, the allure of expanding customer support without scaling ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 03/12/2025 11:52 EDT

Apple’s mobile browser ‘holding back innovation’, CMA warns

Apple’s mobile browser is ‘holding back innovation’, the UK’s competition watchdog has warned in its latest Big Tech broadside. The Competition and Markets Authority (CMA) said the Californian firm’s Safari app determines what competing mobile browsers can do on iOS, the operating system of iPhones and iPads, limiting the extent to which competitors can differentiate ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/12/2025 07:34 EDT

Aviva injects £15m into Oxford Science Enterprises in boost for spinouts  

Spinout tech firms could see a funding boost as the investment arm insurance giant Aviva injects £15m into Oxford Science Enterprises.  Oxford Science Enterprises, which invests in spinout companies via a partnership with the University of Oxford, will use the new capital to finance local startups as the government ramps up ambitions for growth in ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 03/12/2025 06:53 EDT

CMA launches review amid government pressure to be more pro-growth

The UK’s competition watchdog is to review its approach to merger decisions it responds to government pressure to be more pr-growth. The Competition and Markets Authority (CMA) said it will look at both process and how it can strike the right balance between different types of remedies, amid a wide-ranging call for evidence. Alongside this, ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/12/2025 06:37 EDT

Payments regulator to be scrapped under new government plans 

The UK payments regulator could be scrapped as the government doubles down on its commitment to slash red tape.  City Minister Emma Reynolds said the government plans to bring the remit of the Payment Systems Regulator (PSR) into the Financial Conduct Authority (FCA).  Writing to Dame Meg Hillier, chair of the Treasury Committee, Reynolds said ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/12/2025 06:02 EDT

Immersive Labs founding CEO steps down  

The founding CEO of Immersive Labs is to step down after eight years at the helm of the cybersecurity firm.  44-year-old James Hadly, who founded the Bristol-based business in 2017, will retain his board seat as he transitions to the new role of Chief Innovation Officer.  He will be replaced by Mark Schmitz, the former ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/12/2025 06:00 EDT

Fintech Mimo raises £6m months after major seed round

Mimo, an SME financial management and payments platform, has raised $8.5m (£6.6m) less than year after closing a £15.5m seed round.  The new funding will support the development of Mimo’s business-to-business payments solution as well as expand its headcount.  “We’ve been continually learning from these conversations to iterate and improve the platform to help both ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 03/12/2025 03:00 EDT

Majority of Brits don’t trust AI in healthcare despite government push 

The majority of the UK does not trust AI to provide healthcare support, research has found, underscoring the challenge facing the government as it pushes for the sector to adopt automated solutions.  Less than a third (29%) of people in Britain would trust AI to provide basic healthcare advice, and just 15% would feel comfortable ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 03/12/2025 02:00 EDT

The firm behind the world’s first quantum computing system-on-a-chip, is installing the UK’s first-of-its-kind cross-qubit scaling platform at the National Quantum Computing Centre (NQCC) in Oxfordshire, UKTN can reveal. SEEQC’s digital chip-based technology, powered by its Single Flux Quantum (SFQ) architecture, will power the core of the cross-qubit platform at NQCC’s Harwell Campus. SEEQC will ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/11/2025 07:37 EDT

Cloud Gateway secures £1.5m as new CEO leads shift to network-as-a-service model 

Cloud Gateway has secured a £1.5m investment as part of a strategic shift into the “network-as-a-service” (NaaS) market under new CEO Dan Kline.  Kline has been appointed as chief executive to oversee Cloud Gateway’s expansion of its managed service provider (MSP) business into a full-service NaaS platform that will see its network infrastructure products be ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/11/2025 06:56 EDT

Curve auditors warn on ‘material uncertainty’ over future operations amid headcount reduction and US exit

The auditors for Curve have warned on the “material uncertainty” of its ability to continue operating over the next year as the firm battles to cut its losses.  The London fintech has slashed its headcount by more than a third as well as suspending operations in the US in an effort to reduce cash burn.  ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 03/11/2025 06:23 EDT

ClearBank co-founder Charles McManus steps down as CEO

The co-founder of ClearBank has stepped down as CEO after nine years at the helm of the London fintech. 63-year-old Charles McManus has stepped away from the day-to-day running of the organisation but will continue to support the business on the board as a non-executive director, the company said. He will also remain as co-chair ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 03/11/2025 05:41 EDT

British AI industry body launches at Bletchley Park 

A new UK AI industry body backed by the University of Oxford and the British Standards Institution (BSI) has launched to support engineering and AI adoption.  TechWorks-AI, which launched in the former HQ of Alan Turing’s codebreakers and site of the AI Safety Summit Bletchley Park, is an engineering hub that aims to support best ... Read more

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