UK tech diversity body to shutter as sector faces ‘going backwards’ June 18, 2024 A UK government-funded body working to increase diversity in the tech sector has decided to close despite saying there is a "real risk of going backward".
Advanced Energy pulls out of XP Power pursuit June 18, 2024 US semiconductor firm Advanced Energy is no longer pursuing a deal for XP Power after it had three informal approaches rejected by the Singapore competitor.
Recruitment firm SThree posts drop in fees as tech giants slash jobs June 18, 2024 London-listed recruitment firm SThree has posted a drop in fees amid a "challenging backdrop" and mass global layoffs across the technology industry.
Cambridge tech startup backed by ‘Godfather of AI’ raises £24m June 18, 2024 A Cambridge based artificial intelligence (AI) startup developing next-gen materials for sustainability and clean energy has secured $30m (£24m) in seed funding.
Aoti: US healthcare firm raises £35m in London IPO June 18, 2024 US healthcare group Aoti has raised £35.1m from its initial public offering (IPO) on London's AIM sub-market, which it said will give it a market capitalisation of roughly £140m.
Debts, disputes and a ‘shadow CEO’: The curious case of Truspine June 18, 2024 Truspine Technologies has failed to take off since it floated nearly four years ago - and some are arguing this failure merits further investigation by City regulators. City A.M. takes a closer look at the firm’s labyrinthine history, uncovering a myriad of debts, disputes and detractors
Tesla, Google, Microsoft and Tiktok push tech layoffs total to nearly 100,000 this year June 17, 2024 A total of 326 tech companies have laid off more than 98,000 employees so far this year, according to online tracker layoffs.fyi.
Mindgym swings to loss as macroeconomic headwinds dent confidence June 17, 2024 The AIM-listed firm, which uses behavioural science to improve the performance of company's employees, has been hit by macroeconomic headwinds.
Raspberry Pi extends gains after London listing as retail investors start trading stock June 14, 2024 Sahres in Raspberry Pi have accelerated their gains after retail investors started trading the computer firm's stock, which made its London Stock Exchange debut earlier this week.
Temu targets trademarked brands such as Dyson and Zara on Google and Bing June 14, 2024 The majority of these targeted brands are retailers, including Zara, Rayban, Dyson, Curry's, and Marks & Spencer.