One of the largest defence tech businesses in America , will open a factory and research and development (R&D) site in the UK as global tensions rise. Anduril, which develops drones, automated weapons systems, surveillance tech and robotics, primarily for the US military, said the new site will act as its European headquarters. The Californian ... Read more âș
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The recent launch of the Chinese AI model DeepSeek-V3 caused alarm in tech circles, suggesting China was months closer to achieving artificial general intelligence than had been previously thought. Tech stocks tumbled and President Trump described it as a âwake-up callâ for Americaâs AI industry. More intriguingly, however, is this monthâs comparatively quiet debut of ... Read more âș
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What innovations are taking place in the payments space and how is this changing the customer experience? UKTN sat down with Guavapayâs Javid Mahmudzade to find out. As the Chief Technology Officer at Guavapay, Javid plays a pivotal role in driving the companyâs technological innovation and shaping its digital-first approach to global payment solutions. What ... Read more âș
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Leeds startup Eventum Orthopaedics has secured a ÂŁ3.8m follow-on investment in support of its flagship device to support knee surgeries. The West Yorkshire-based medtech has built QuadSense, a device that provides surgeons with real-time data on the condition and position of patientsâ kneecaps replacement during operations. Having secured regulatory approval for the device and deployed it ... Read more âș
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Chancellor Rachel Reeves has invited key members of the financial services sector to help shape the rules governing a new Digital Gilt Instrument in a bid to modernise the British bond market. Reeves today hosted a breakfast with the bosses of Revolut, ClearBank, Zilch and Wise, among others, to explore the potential of the new ... Read more âș
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Bioniq has scored a second investment from a star footballer as the London-based health tech group accelerates its growth. The firm has courted Manchester United defender Diogo Dalot, who joins fellow Portuguese footballer and ex-United striker Cristiano Ronaldo among its latest shareholders. Dalot, who plays in the full-back position for United and the Portuguese national ... Read more âș
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Almost half (44%) of all new data centres in the UK are expected to be dedicated to AI workloads over the next five years, new figures suggest, in the latest sign of a surge in the compute demands of the technology. Britain is expected to massively scale its data centre capabilities, with the prime minister ... Read more âș
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Trustpilot shares rose as much as 14% on Tuesday after the company forecast finishing this year ahead of market expectations following a record year for bookings growth. The Danish-headquartered and London-listed online business review platform reported booking revenue grew by just under a quarter, reaching ÂŁ239m for the year ended December 2024. The group reported ... Read more âș
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Shares in Bytes technology jumped as much as 15% in early London trade after the IT supplier was boosted by âhigh demandâ for software and AI products. The Surrey-based business saw gross invoiced income comfortably exceed ÂŁ2bn for the first time for the 12 months to the end of February, helped along by increased customer ... Read more âș
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In recent months, thereâs been a lot of news that AI startups are leaving the UK for other countries. Back in February, the House of Lords Communications and Digital Committee published a report, expressing concerns about this trend. It warns that unless the UK steps up its support for AI and tech companies, it risks ... Read more âș
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This weekâs podcast guest is Tej Kohli, billionaire investor and philanthropist, who discusses why heâs most excited by the future of esports, biotech and artificial general intelligence, how the UK lacks the collaborative culture between academia and business seen in the US and why Elon Musk should stick to tech and avoid unelected government work. ... Read more âș
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Digital lender OakNorth is pushing forward with its US expansion with the acquisition of Michigan-based Community Unity Bank (CUB). The London-based fintech has been looking to expand its presence across the Atlantic, having received authorisation last year to market its products in the US via a representative office in New York. OakNorth is taking its ... Read more âș
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The notion that AI is a high energy consumer is a âmisnomerâ, the co-founder of Google DeepMind has said, amid heightened scrutiny of the carbon footprint of frontier artificial intelligence businesses. Sir Demis Hassabis, who launched the company in 2010, said AI firms were likely to lead to greater energy efficiencies globally in the long ... Read more âș
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A digital education platform for founders in the north of England has been launched by VCs in Manchester to address the funding gap outside of the South East. The âlibrary for founders in the Northâ, or Founder Hub, is a new initiative from Praetura Ventures and EHE Ventures as the Mancunian investors call for better ... Read more âș
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Maxion Therapeutics, a Cambridge biotech firm developing treatments for inflammatory diseases, has closed a ÂŁ58m Series A round. The company is developing antibody-based drugs called KnotBodies, which are designed to overcome the challenges of targeting ion channels and G protein-coupled receptors (GPCRs). Maxionâs drugs will target a broad range of inflammatory diseases including atopic dermatitis ... Read more âș
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The Treasury has issued a warning to regulators that it will be radically reshaping and downsizing their role amid accusations that the current system âtoo often holds back growthâ. Chancellor Rachel Reeves said the government will aim to reduce the financial burden on businesses from regulation and administrative costs by a quarter by the end ... Read more âș
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It wasnât until the 1930s that the term âweekendâ entered the vernacular in the UK. Before then, many were used to working six days a week and resting on the sabbath day. But the mechanisation era of the 19th century brought with it huge productivity gains, changing working patterns until a five-day work week eventually ... Read more âș
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Cloud firm Beeks Financial has struck its first partnership with a crypto exchange in a deal with San Francisco firm Kraken. Under the terms of the partnership, Beeks will offer low-latency, institutional-grade infrastructure from Krakenâs European data centre, while Kraken will rent cloud compute from Beeksâ Exchange Cloud offering. The revenue sharing agreement, with revenue recognition ... Read more âș
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The Online Safety Act has come into force today, marking a major milestone in the UK governmentâs efforts to project young people from harm online. From today, media regulator Ofcom can begin enforcing the Online Safety Actâs Illegal Content codes, which require online platforms to take action to protect the public from illegal content and ... Read more âș
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If thereâs one industry the UK has always found a way to thrive in, its finance. That used to mean City-based banking and insurance giants founded long before the twentieth century. Today, those businesses still exist, but are joined by a crop of upstart, tech-focused banks that burst onto the scene in the 2010s with ... Read more âș
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14.05.2026 17:09
Last update: 17:01 EDT.
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