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UK Tech News
Simon Hunt @ UK Tech News 2 place · 02/16/2025 02:55 EDT

Time for some deeds, not words, from DSIT

This week, I listened to a podcast in which former government adviser turned substacker Sam Freedman complained about the relationship between government and media. Newspapers don’t give enough thought to the effects of policy, he said, and are only interested speeches and announcements. “The government have tried to make use of that by feeding that ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News 1 place · 02/15/2025 02:01 EDT

Is the tide going out for Britain’s digital banks?

When digital banks first arrived on the scene a decade ago, Britain’s high street rivals were rattled. Centuries-old institutions that had never seen much competition were suddenly threatened by a group of twenty-something coders in T-shirts. It was an opportune time to disrupt the sector. The 2008 financial crash had wrought havoc on the high ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 02/14/2025 12:47 EDT

Britain’s 10 biggest AI companies

The UK is the third largest AI market in the world, behind only the United States and China and if the noise from the government is anything to go by, its AI sector will be one of its most important assets in the world.    So, who are the biggest players in UK AI? Which companies ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 02/14/2025 07:31 EDT

AI Safety Institute rebrand is a ‘downgrade’ of ethics standards, Full Fact warns 

The UK government’s tech department has been accused of “downgrading” its safety and ethics standards in a blow to its relaunch of the AI Safety Institute as the AI Security Institute.  London-based charity fact-checker Full Fact described the rebranding as “disappointing” due to the focal shift from bias and transparency to criminal and national security ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/14/2025 06:04 EDT

Pinewood rolls out AI platform across 155 dealerships 

London-listed car retail software company Pinewood Technologies is rolling out its automotive intelligence platform across 155 dealerships through a deal with Global Auto Holdings.  The company’s AI platform, which gives car retailers data-driven commercial insights, will be deployed across all of the Global Auto dealerships in the UK, North America and Scandinavia.  The contract marks ... Read more â€ș

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UK Tech News
UKTN @ UK Tech News · 02/14/2025 05:15 EDT

UK tech funding roundup: This week’s deals from Revving to HowNow

This week’s UK tech funding deals include early invoice payment service Revving, frontier AI business Latent Labs and more UKTN tracked ÂŁ185.5m worth of UK tech investment this week (10 February to 14 February), a 361% week-on-week increase across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Revving – ÂŁ107m ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 02/14/2025 05:12 EDT

Arm plans to launch its own chip in landmark moment

Arm is gearing up to launch its own chip in a landmark moment for Britain’s most valuable technology company. The Cambridge-based business has already signed up Meta as one of its first customers, according to a report in the Financial Times, with the chip set to be launched before the end of the year. Arm ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/14/2025 00:00 EDT

Cambridge Spark founder: Education is the key to innovation

Raoul-Gabriel Urma is the founder and CEO of Cambridge Spark, an edtech business that works with companies to provide AI and data upskilling. In this week’s Founder in Five Q&A, Urma discusses trusting your own instincts, the innovative power of education and founders getting distracted from their clients by focusing too much on tech and operations. ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/13/2025 19:01 EDT

UK government strikes deal with Anthropic to bring AI to public services 

The UK government has struck a partnership with Silicon Valley AI firm Anthropic to support the integration of artificial intelligence into public services.  The deal marks one of the first private partnerships for the UK’s Sovereign AI unit, formed following the release of the tech department’s AI Opportunities Action Plan in January.  The partnership will ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 02/13/2025 09:21 EDT

Energy prices are far too high today. But there are reasons to be cheerful about Britain’s energy future

Donald Trump is a very quotable man. Despite his ostensible dislike of the media, America’s new president has done about as many press conferences in his first two weeks as Biden managed in his entire period in office. Often he is quotable for the wrong reasons. When an American Airlines flight crashed in Washington last ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/13/2025 06:09 EDT

CMA poised to soften competition approach in government growth push 

The UK competition watchdog is reviewing how it can approve more deals amid increasing government pressure to fall in line with its push for economic growth. The Competition and Markets Authority (CMA) said it was delivering a package of reforms that will address the pace, predictability, proportionality and process of its regulatory activities.  The CMA ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/13/2025 04:51 EDT

‘We’ll follow that quickly’: UK AI minister on Macron’s €109bn AI plan

The UK government will quickly “follow” the €109bn investment announcement from France’s President Emmanuel Macron, AI Minister Feryal Clark has said, in signs Downing Street is keen not to lose ground to Paris in the global AI race.  Speaking at the opening of the London AI Hub – an AI-focused co-working space from Tech Nation, ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 02/13/2025 01:17 EDT

PrimaryBid sees nine senior leaders jump ship to rival RetailBook amid ‘strategic shift’

As many as nine senior managers of PrimaryBid have left the retail investor tech company, jumping ship to rival RetailBook amid a ‘strategic shift’. PrimaryBid’s co-founder, managing director, legal counsel and six others have departed the fintech after it scaled back its services to UK consumers in favour of transitioning to becoming a pure-play technology ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/12/2025 10:49 EDT

BBI ups SFC Capital regional funding to £25m 

British Business Investments (BBI), a subsidiary of the British Business Bank, has extended its commitment to SFC Capital to ÂŁ25m with the goal of backing an additional 100 regional startups.  BBI said on Wednesday that it was committing an additional ÂŁ10m to the investor through its Regional Angels Programme, designed to reduce regional imbalances in ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 02/12/2025 06:15 EDT

XPeng launches in the UK as Chinese EVs gain market share

XPeng has become the latest EV firm to set up shop in the UK as Chinese carmakers increase their market share. The Alibaba and Foxconn-backed business, which delivered 190,000 vehicles worldwide, has set itself a target of doubling that number for 2025, with Europe seen as a key growth driver — in which the UK ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/12/2025 05:46 EDT

SteadyPay ad banned for promoting ‘irresponsible’ lending 

London-based embedded loan fintech SteadyPay has been reprimanded by advertising regulators for promoting “irresponsible” lending practices.  An ad for SteadyPay that featured on Meta platforms depicted a woman holding a wad of cash saying: “Do you want something from the Black Friday sales, but worried you can’t afford it? You need to get CashWave by ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/12/2025 04:55 EDT

IQE turns to loan notes to raise £18m 

Welsh semiconductor manufacturer IQE is looking to raise ÂŁ18m through the issuance of convertible loan notes to a consortium of existing backers.  The AIM-listed chip firm entered into a subscription agreement with the consortium of IQE investors and senior executives led by its largest shareholder, the Swiss bank Lombard Odier.  The Cardiff-based company said it ... Read more â€ș

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UK Tech News
UKTN @ UK Tech News · 02/12/2025 02:00 EDT

M&A in IT services – the sector continues performing well throughout 2024

Moore Kingston Smith’s ‘M&A in the UK IT services sector report’ shows that the sector demonstrated remarkable resilience and growth in M&A, outperforming many other industries. The year concluded with a total of 641 deals, marking a 3% increase from the 620 transactions recorded in 2023. This upward trajectory was particularly evident in the fourth ... Read more â€ș

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UK Tech News
Oscar Hornstein @ UK Tech News · 02/12/2025 00:00 EDT

Quantum generative AI: The next ChatGPT moment? 

The tech industry is never one to shy away from grand declarations and the ushering in of new eras.  When the launch of ChatGPT opened the world up to the possibilities of artificial intelligence, many proclaimed society was approaching its next industrial revolution, a fundamental change in the way humans live and work.  That was ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 02/11/2025 11:52 EDT

Deliveroo boss Will Shu to step down: reports

Deliveroo boss Will Shu is set to step down as CEO of the company, just under four years since its tumultuous London IPO, according to a report by Sky News. Chief Business Officer Marco Mocci has been tipped as the leading candidate to replace Shu. This is an evolving story, more to follow. Read more â€ș

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