Exclusive: Coinbase to ‘hire like crazy’ in the UK June 11, 2025 Coinbase is ramping up its UK presence with plans to hire more staff and deepen investment, as the country moves towards a new era of crypto regulation and increasing mainstream adoption. “We’re going to be hiring like crazy in the UK”, Coinbase’s UK lead Keith Grose told City AM, before adding that London will continue [...]
London Tech Week: Astrazeneca’s AI push could take humans out of the loop June 10, 2025 Astrazeneca unveiled an ambitious overhaul of its manufacturing and supply operations driven by deep tech, AI, and what it called a “self-healing” supply chain at London Tech Week. The firm claimed it’s laying the groundwork to become one of the top 10 most innovative and sustainable supply chains globally by 2030. But while the vision [...]
Tech secretary Peter Kyle recycles old announcements at London Tech Week June 10, 2025 Technology secretary Peter Kyle addressed London Tech Week on Tuesday, reiterating Labour’s previously announced plans for the tech sector, adding only one AI drug discovery project. In a keynote that focused heavily on risk and innovation, Kyle said Labour was committed to “progressive change to build a modern economy and an opportunity society for Britain”. [...]
No jobs in 30 years? UK tech leaders push back on Musk’s AI claims June 10, 2025 Elon Musk’s bleak prediction that “there’s not going to be any jobs for anyone” in 30 years has come under heavy fire from some of the UK’s leading AI figures at London Tech Week. Instead of sounding an alarm for mass unemployment, UK experts argued for transformation and a new focus on control over AI, [...]
FCA boss: Buy now, pay later regulation is a trade off June 10, 2025 The chief executive of the Financial Conduct Authority (FCA) said the new clamp down on buy now, pay later (BNPL) regulation would be a “trade off” as he faced a grilling from MPs. Nikhil Rathi, who was reappointed as the regulator’s boss in April, told the Treasury Committee the crackdown would have “beneficiaries and downside [...]
Oxford Instruments shares sink as it sells quantum business to US firm June 10, 2025 Oxford Instruments has become the latest British business to hand its quantum technology to the US after reaching a deal with California-based Quantum Design. The FTSE 250 business has offloaded its quantum arm, called NanoScience, to the US firm in a £60m deal, a move it said would help improve focus on profitability amid a [...]
Ouch: Three tech firms bail out of the UK in a single day June 10, 2025 The Prime Minister did his best to sound bullish about the future of the UK tech sector yesterday as he opened London Tech Week. Some awkward technical issues with his autocue didn’t put him off his stride as he declared that Britain was “unequivocally, unashamedly and defiantly open for business.” Leaving aside the bizarre idea [...]
Government urged to add AI minister to every department June 10, 2025 The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years. A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]
London Tech Week: Rio Tinto leans into UK tech to hit net zero targets June 9, 2025 The UK must invest more materials innovation and secure tech partnerships or risk being left behind in the global arms race for essential minerals needed for energy transition, mining giant Rio Tinto execs told London Tech Week. Chief executive Jakob Stausholm and chief innovation officer Dan Walker said the FTSE 100 giant is betting heavily [...]
London Tech Week: Accenture warns of AI divide as Starmer launches tech skills plan June 9, 2025 Sir Keir Starmer may sound like he is making the right noises for the tech sector with his flagship pledge at London Tech Week to train one million students in AI – but new data highlights a stark regional divide has already taken shape. London is rapidly pulling away from the rest of the country [...]