Government pledges to back UK fintech with regulation overhaul July 1, 2025 The government has pledged a regulation shakeup to support UK fintech as it seeks to slash the red tape blocking innovation. Speaking at City Week, technology secretary Peter Kyle said the government’s new Regulatory Innovation Office (RIO) would develop new smart tools to make navigating regulatory procedures “faster, clearer and more accessible”. This will include [...]
AI regulation needs to be smarter in the UK, urges Deepmind boss June 3, 2025 Demis Hassabis, chief executive of Google Deepmind, has called on UK policymakers and business heavyweights to embrace the “smart regulation” of AI, warning that a failure to do so could prompt unintended harm, or the loss of public trust. He announced at London’s inaugural SXSW event on Monday: “AI is the most important technology humanity [...]
London slips from top smart centre spot May 28, 2025 London has lost its place as the world’s top hub for science and tech innovation after a sobering report warned of the City’s slipping global status. The UK’s capital fell behind San Francisco and Zurich which stormed ahead with a gain of 16 and 6 points respectively. Meanwhile, London’s rating shed three points as it [...]
UK firms lead AI race, whilst regulation holds back EU March 11, 2025 UK chief executives are leading with Artificial intelligence (AI) implementation in the workplace compared to their European counterparts, who are struggling with regulation. New research by Harris, on behalf of AI platform Dataiku, highlighted a significant gap in adoption between the UK and the EU due to regulatory concerns. The report found that just 26 [...]