Metro Bank has launched a scam detector in partnership with AI startup Ask Silver as fraud forces billions in losses in the UK. Fraud represents one of the most common legal risks to people in Britain, with more than four in 10 crimes in the UK being scams or fraud, according to UK Finance. Over ... Read more ›
0
London fintech ClearBank swung to a loss in 2024 as the costs of European expansion took their toll on the firm’s bottom line. The British fintech reported its UK business was profitable for the second year in a row – though pre-tax profit did fall around 60% to £9.9m compared with 2023. The implementation of ... Read more ›
0
Since it was founded in a college dorm two decades ago, Facebook has never been short of controversy. Perhaps that’s because its founder, Mark Zuckerberg, has never been worried about attracting it. Even in the early days, when a friend of Zuckerberg asked how he managed to collect thousands of personal emails, pictures and addresses, ... Read more ›
0
A new £50m cybersecurity investment fund from VC firm Osney Capital featuring state backing has launched as firms come under pressure to bolster their cyber defences. The fund, which has received investment from British Business Bank, will back 30 companies at the seed and pre-seed stage with cheques between £250,000 and £2.5m as well as ... Read more ›
0
By now, most people will have heard of quantum computing. But a much smaller subset will be aware of how the technology works and the full range of potential use cases. It will surprise some to learn that modern quantum theory has been around for a century. But the difficulty, as well as the cost ... Read more ›
0
Times of geopolitical crisis tend to spell good fortune for the firms developing technology to shore up the world’s militaries. Last month, Chancellor Rachel Reeves pledged an additional £2.2bn to the Ministry of Defence, alongside a pledge to dedicate a minimum of 10% of the department’s budget on “novel technology”, suggesting a windfall for the ... Read more ›
0
This week’s UK tech funding roundup includes drug discovery DeepMind spinout Isomorphic Labs, surgical robotic firm CMR Surgical and more. UKTN tracked £800.1m worth of UK tech investment this week (31 March to 4 April), a major week-on-week increase across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Isomorphic Labs ... Read more ›
0
An AI-powered proptech startup has shut for business after the founders spoke of their own ‘vanity and stupidity’. London-based Tract, which was founded in 2023, had raised funds from VC firms Ada Ventures and Concept Ventures to build a platform which identifies areas of land to be built and compiles the relevant planning permission documentation, ... Read more ›
0
The government has committed £13.9bn in research and development (R&D) spending, turning to new technologies to support its growth agenda. The funding will be allocated by the Department for Science, Innovation and Technology (DSIT) across a handful of associated agencies. UK Research and Innovation (UKRI) – which finances scientific research – will receive £8.8bn over ... Read more ›
0
In the Spring Statement, Rachel Reeves announced that the Office for Budget Responsibility (OBR) had concluded the Government’s planning reforms and will help build over 1.3 million homes in the next five years. The reforms are expected to drive housebuilding to a 40-year high, with 305,000 homes built annually by the end of the forecast ... Read more ›
0
Anne Coghlan is the co-founder of Scope3, a software firm providing sustainability insights on supply chains. In this week’s Founder in Five Q&A, Coghlan discusses why founders be “eternally curious” and never stop learning, why being transparent with your team is essential and why positive outcomes for the planet don’t have to be negative outcomes for ... Read more ›
0
A startup building the agentic operating system for investment firms has secured a £440k grant to scale the business. London-based AlphaLoops has been awarded the UK Smart Grant by Innovate UK, part of UK Research and Innovation, the UK’s national innovation agency, making it one of only 2% of successful applicants. The firm is developing ... Read more ›
0
The EV market share in the UK for Elon Musk’s Tesla has fallen by a quarter since the start of the year despite a record number of electric car sales in March. UK sales for battery electric vehicles (BEVs) have risen by 38% compared with this time last year, with the month of March seeing ... Read more ›
0
A charity once popular with tech entrepreneurs in the UK and US has seen its funding plummet after the imprisonment of one of its biggest donors. Effective Ventures, a charity operated by the Effective Altruism movement, saw its income sink 51% to £31.7m in the year to end June 2024, its latest accounts show, amid ... Read more ›
0
An AI-powered video commerce platform has landed $7m in a Series AI funding round. London-based Unravel is seeking to become the “TikTok of travel”by turning creator content into travel bookings. Unravel said it will use the funding to enhance its AI capabilities to optimise video-commerce conversions and expand its London-based team, hiring top-tier talent in ... Read more ›
2
Early-stage investments made up three-quarters of UK VC term sheets last year while the value of late-stage funding rounds fell, fresh figures have found, highlighting the challenges facing mature companies seeking to scale. Seed investments alone accounted for a third of UK funding deals in 2024, according to findings from the annual term sheet guide from ... Read more ›
0
Embedded finance firm ClearBank has bolstered its position in the crypto market through a partnership supporting the British operations of US exchange Kraken. ClearBank will provide GBP clearing services – managing, verifying and securing pound-based transactions – for Kraken’s UK clients. The partnership comes weeks after Kraken secured an EMI licence via its legal entity ... Read more ›
0
The founder and former CEO of Big Technologies has been accused of failing to disclose her interests in a number of the firm’s major shareholders. Sarah Murray, who was sacked earlier this week, is understood to have undisclosed interests in or relationships with Zinc Limited, Monitoring Partners Limited, RCP Limited and Romelle Limited who together ... Read more ›
0
Shares in Wise jumped on Thursday after the global payments firm posted significant growth in customers and income. The figures, released by the London-listed fintech ahead of a capital markets day event set for Thursday afternoon, revealed active customers rose by more than a fifth, reaching 15.5 million by the end of March. Wise also ... Read more ›
0
What Britain needed from the Spring Statement was concrete steps towards boosting its defence capabilities. There’s room for improvement, and we await the Strategic Defence Review led by former Secretary General of NATO and Labour Defence Secretary Lord Robertson with even greater interest. The confirmation that defence spending will rise to 2.5% of GDP by ... Read more ›
0
Most popular sources
MacRumors
|
0% |
Tech Wire Asia
|
0% |
ReadWrite
|
0% |
Financial Times
|
0% |
ScienceDaily
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
14.05.2026 14:53
Last update: 14:45 EDT.
News rating updated: 21:42.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.