Lloyds Banking Group expects generative AI to add over £100m of value to its business in 2026, following the release of its financial results. The bank revealed today that the technology in 2025 delivered around £50m in additional value and has plans to accelerate its AI practices significantly this year. Lloyds said it deployed over ... Read more ›
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Off the heels of Davos, the geopolitical mood is undeniably tense. With the US becoming increasingly unpredictable, and the EU forging monumental new ties with partners like India, the UK faces a pivotal moment. The discussions in Davos made one thing clear: lasting success requires a robust internal market coupled with a much broader, more ... Read more ›
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Professional services firms have always needed to adapt, but the pace of technological change today means innovation has become essential to how we operate. Clients expect integrated, responsive solutions, regulators bring new changes, and competitors evolve at pace. Meeting these demands requires more than just new tools. It calls for a new way of working. ... Read more ›
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The Scottish county of Lanarkshire has been named as the latest AI Growth Zone by the government, which has unveiled plans to create thousands of jobs and bring in billions in investments to the region. AI Growth Zones are areas designated for special support to advance the wider UK AI industry, including expedited planning processes ... Read more ›
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Business payments fintech Sokin is gearing up for significant international growth following a $100m (£72.5m) debt facility from Oxford Finance. With new funding secured, Sokin aims to accelerate its expansion across North America, South America and Asia as well as acquire new regional licenses and banking partnerships. “This capital positions us to own embedded payments ... Read more ›
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High-growth tech firm investor Ascension Ventures has secured a £10m commitment from the British Business Bank via the Regional Angels Programme. Launched in 2019, the Regional Angels Programme was created to address regional imbalances in access to early-stage financing by targeting angel networks and other early-stage investors outside of London. “We’re delighted to partner with ... Read more ›
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Several UK-based adverts ran by global cryptoasset trading platform Coinbase has been banned by regulators over its “irresponsible” messaging. The campaign consisted of several posters and a video on demand (VOD) ad based around the idea that cryptoasset investments could be used to overcome the financial hardships faced by many British citizens. The VOD featured ... Read more ›
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A package of measures designed to improve the fairness of Google search, particularly with regards to its integration of AI, has been proposed by UK regulators. The Competition and Markets Authority (CMA) in October last year ruled that Google holds Strategic Market Status (SMS) in online searching, a recently introduced designation that allows the watchdog ... Read more ›
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OpenAI and Booking.com have jointly announced plans to launch an SME accelerator programme across six European countries, including the UK. The AI-focussed accelerator aims to support more than 20,000 startups over the next year with training on the practical applications of the technology. The programme, which is open to SMEs across all sectors regardless of ... Read more ›
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Most people by now are aware to some extent of edtech’s role in the wider world of education, with software designed to support schooling and training being increasingly relied upon for years. But, as storied as the history of edtech is, there remain plenty of misunderstandings with regard to its structure, impact and future. Amid ... Read more ›
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Flowla, a recently launched AI startup developing automation technology for sales and customer success teams, has announced a $2.5m (£1.8m) seed investment round. Founded in 2023, Flowla aims to replace the reliance on human memory and non-selling tasks in B2B sales. The platform offers pre-built sales journeys with templates, personalised AI documents and stakeholder communication ... Read more ›
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British digital ID company Yoti has revealed a major milestone in its ability to verify user ages as the UK considers a potential ban of social media for under-16s. The company’s single-selfie passive liveness technology, a system to determine the age of a person based on a single image of them, has become the first ... Read more ›
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A cohort of AI specialists will work with the government on using the technology to improve public services in a programme backed by a $1m (£730,000) investment from Meta. The AI fellows will coordinate with the Alan Turing Institute on the project that will take place over the next year. These fellows will develop open-source ... Read more ›
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Evaro, an NHS-licensed digital healthcare platform based in Norwich, has closed a $25m (£18m) Series A funding round. Founded in 2018, Evaro provides embeddable digital pharmacy infrastructure and prescribing tools. The company describes its model as “healthcare-as-a-service”, operating across three markets: Consumer brands looking to expand their revenue streams, healthcare providers looking to expand their ... Read more ›
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The UKTN Podcast is back for Season 13! This week’s guest is Steve Young, managing director of Dell UK, who discusses Dell’s expansion into the data centre and artificial intelligence industry, what is needed to accelerate the growth and efficacy of AI integration and why he has remained at the same company for so long. ... Read more ›
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British building society Nationwide has expanded its partnership with AWS that will see it use the tech giant’s cloud-based AI contact centre service. Through its partnership with AWS, Nationwide has deployed its Call Checker service, a customer contact tool powered by Amazon Connect. The service is used to prevent impersonation scams and provide assurance to ... Read more ›
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London-based AI platform for real estate law Orbital is targeting an expansion to its US business following the closure of a $60m (£44m) Series B funding round. Orbital has developed technology to automate the legal work of the real estate sector by combining AI technology with spatial visualisation, mapping and market data. The company said ... Read more ›
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New plans from the British government have been revealed to expand the use of public sector data to support areas including energy, social care and weather planning. The Department for Science, Innovation and Technology (DSIT) announced on Monday five projects that will use available public sector data in new ways. Among these is a partnership ... Read more ›
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Synthesia, the London-based AI video platform, has confirmed it has raised $200m (£146m) in a Google Ventures-led Series E round that has landed it with a $4bn valuation. Reports of the investment were circulating late last year after sources close to the situation spoke to Forbes. The company on Monday confirmed the details. Known for its ... Read more ›
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The government has announced a new £36m investment into a supercomputer facility in Cambridge in the hopes of boosting the availability of tools for AI development among researchers and startups. The DAWN supercomputer at the University of Cambridge is set for a sixfold increase in power, part of the government’s plans to support the growth ... Read more ›
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06.03.2026 02:35
Last update: 02:20 EDT.
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