British AI firm Synthesia warns ‘sci-fi’ fears risk choking UK tech Tech British AI firm Synthesia has warned that “sci-fi” fears over AI could lead to poorly designed regulation, as pressure grows on ministers to toughen the UK’s AI rules. Alexandru Voica, head of corporate affairs and policy at the London-based AI video company, told City AM there was “no evidence” for claims that AI was already [...]
AI startup raises $20m to build ‘digital twins’ of office workers Tech An AI startup that creates digital replicas of employees has raised $20m (£15m) as investors bet that technology used to model factories and machinery can be applied to office workers. Twin1 AI emerged from “stealth” on Thursday after securing seed funding in a round co-led by Bessemer Venture Partners, Tribeca Venture Partners and Aramco Ventures. [...]
Pigment boss: ‘We’re replacing legacy players at the speed of light’ Tech Eléonore Crespo, co-founder and chief executive of Pigment, said the company is replacing legacy enterprise software providers “at the speed of light”, as demand for AI-native business planning accelerates across the private sector. The Paris-headquartered platform, which helps companies including Unilever, Siemens, Anthropic and Coca-Cola run financial planning and performance management, is approaching $100m (£75m) [...]
Barclays names Fractile and Isomorphic Labs among UK’s top AI startups May 18, 2026 Barclays has named AI chip startup Fractile and Google DeepMind spinout Isomorphic Labs among Britain’s top AI companies as investors race to back the next generation of UK tech champions. The banking giant’s Eagle Labs division unveiled its new AI 100 ranking this week, spotlighting the country’s fastest-growing AI businesses amid a record year for [...]
Fractile lands $220m as ministers hail ‘vote of confidence’ in UK AI May 13, 2026 British AI chip startup Fractile has raised $220m (£165m) in fresh funding with the government pointing to the deal as evidence the UK can produce globally competitive AI infrastructure companies. The London-founded company, which is developing next-generation chips designed to speed up AI inference – the by which AI models generate responses – said the [...]
DeepSeek: US AI tech giants face ‘Sputnik moment’ which could start new race January 28, 2025 The rapid rise of Chinese AI startup DeepSeek has been described as the US tech sector’s ‘Sputnik moment’ which “may well kickstart a new, even more energetic race”. US tech stocks took a battering yesterday after gaining global attention over its seemingly cheaper AI model which sparked a sell off in shares for its competitors. The sudden [...]
UK funding for AI startups surges but still lags behind US January 6, 2025 AI startups captured 25 per cent of all UK venture capital funding in 2024, totalling $15.9bn (£12.8bn) – a sharp rise from $3.1bn (£2.5bn) four years ago. Balderton Capital’s latest data shows that 2024 was the second best year on record for AI investment in the UK. The sector’s value has more than doubled in [...]
UK-based AI startup raises £4m to automate ‘hyper-personalised’ marketing campaigns August 9, 2024 Userled's funding will allow it to expand its team and continue developing its AI-powered technology, which is already used by companies like Wayflyer, Deel, Onfido and Encord.