Fintech group Revolut is set to expand its Middle Eastern operations with the final approvals secured from regulatory authorities in the United Arab Emirates. Revolut received an in-principle approval from the central bank of the UAE back in September 2025 and has now announced it has officially secured its Stored Value Facilities (SVF) licence and ... Read more ›
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Recent headlines might suggest that seed funding has never been healthier. Over the past year, a growing number of AI startups including labs and companies founded by serial entrepreneurs – such as Ineffable Intelligence and Safe Superintelligence (SSI) – have raised unusually large seed and pre-seed rounds. In some cases, tens of millions of pounds ... Read more ›
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HSBC and Google Cloud have launched a multi-year partnership to build and deploy AI capabilities across the bank’s operations. The partnership will supply AI technology to support areas including “hyper-personalised” advice and financial crime risk management. HSBC said it will work alongside engineering teams at Google Cloud and DeepMind to collaborate on new AI tools ... Read more ›
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Monument Technology, a UK-based cloud Banking-Platform-as-a-Service (BPaaS) provider, has raised £18m in seed funding. Founded in 2023, Monument provides banking and financial services customers with an end-to-end service that integrates Monument’s proprietary technology with existing components, such as Mambu, Salesforce and Nice Actimize, and combines core banking, payments and customer channels into a single managed ... Read more ›
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Ineffable Intelligence and Google Cloud have entered a strategic partnership in which Google will provide the specialised infrastructure for Ineffable’s new frontier AI lab. Under the agreement, London-based Ineffable Intelligence selected Google Cloud as its preferred cloud partner. The partnership follows Ineffable’s historic $1.1bn (£814m) seed round, the largest of its kind in European history. ... Read more ›
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The UK government has launched a new national network to coordinate standards for quantum technologies, strengthening the ability of British companies to grow in the UK and sell around the world. Announced today by science minister Lord Vallance, the National Physical Laboratory (NPL) will establish the National Quantum Standards Network (QSN) to bring together common ... Read more ›
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BAE Systems has committed €50m (£43.2m) to VC funds focused on backing European defence tech startups. A sum of €25m (£21.6m) will be invested into two funds headed up by Expeditions and Lakestar, who are both working to help shape the future of European defence innovation by backing founders and technologies aiming to deliver next ... Read more ›
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Those who cannot remember the past are condemned to repeat it,” philosopher George Santayana said. Hubris or a desire for quick solutions often sees leaders repeat past mistakes. No matter who holds the Prime Ministerial baton in future, the principles that guide them and the things they do in the ‘honeymoon’ of their tenure will ... Read more ›
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This week’s podcast guest is Ian Murray, MP and Minister of State at the Department of Culture, Media and Sport and the Department for Science, Innovation and Technology discusses the challenges that lie ahead in implementing AI both in government and wider society. He explains why some projects were abandoned and how government procurement is ... Read more ›
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Undo has closed a $37m (£27.6m) funding round led by Elsewhere Partners to accelerate its development efforts and expand global market reach. Cambridge-based Undo allows coding agents to solve complex problems on codebases, enabling fully automated root-cause analysis across development, test and production. The startup gives AI agents the runtime context needed to reliably diagnose ... Read more ›
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The decision from the government to ban access to social media for under-16s marked an important moment in proving the UK’s ability to put aside pressure from Big Tech and US interests and could lead to much greater change if the will persists. The announcement, made on Monday, was not a complete shock. Australia fired ... Read more ›
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AI specialist job postings and hiring has surged in the UK in the past year, with the trend impacting all sectors, according to new research. New findings from PwC have found that job postings for AI specialist roles in the UK have soared by 61% compared with last year, representing an increase of as much ... Read more ›
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The UK government is to ban social media for under 16 year olds in a landmark decision that will impact generations to come. The government has shared plans to use the same model for a social media ban as Australia, which covers user-to-user platforms whose purpose is to enable social interaction and allow users to post ... Read more ›
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A landmark tech partnership between the UK and Japan has been agreed and backed by businesses in both countries to boost growth, create jobs and strengthen national security. The UK-Japan Frontier Tech Partnership brings together Britain’s strengths in software and research with Japan’s hardware, robotics and manufacturing expertise, creating a powerhouse alliance aimed at driving ... Read more ›
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Trustap has raised $10m (£7.4m) to launch Trustap Index, a solution designed to make marketplace or ecommerce listings fully transactable by AI agents. Headquartered in Dublin, Trustap is a payments and transaction protection platform that enables commerce between buyers and sellers across online marketplaces and peer-to-peer platforms globally. Trustap Index will work with AI models ... Read more ›
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This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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Record OS, a self-assessment and making tax digital platform founded by former employees of Wise, has raised $2m (£1.49m) in pre-seed funding. Founders Dhruv Chadha and José Luis De La Peña met as early employees of the remittance giant. They founded Record OS as a tool to manage self-assessment of taxes and has made the ... Read more ›
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UKTN is filled with success stories of how entrepreneurs have turned great ideas into great businesses. Almost without exception, everyone who has made the journey from drawing board to boardroom will have required outside investment to realise their dreams. But what is it that professional investors want to see when they’re trying to pick winners? I ... Read more ›
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The vast majority of UK IT leaders have been hit by unexpected and unplanned AI costs over the past year, according to new research from software group Asana. In a study of UK businesses, Asana found that 82% of IT decision-makers faced such costs in the past 12 months, pointing to a mismatch in cross-departmental ... Read more ›
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Enera, a startup using AI to automate EV driver customer support, has raised $2m (£1.49m) in pre-seed funding. The company was founded to address the issue of inconsistent quality in charging stations for electric vehicles. Though EVs have started to outsell petrol vehicles, the company reports that 29% of charging sessions still fail. Looking to ... Read more ›
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28.07.2026 11:49
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