AI adoption at UK banks lags behind US rivals March 17, 2025 UK banks are playing catch up to their US and European counterparts on AI adoption, new research has revealed. Evident Insight’s latest Responsible AI Report showed US banks led the way for AI specialists, with 20 positions alone at JPMorganChase – three times the average lender. Co-founder and co-chief executive of Evident Insights Alexandra Mousavizadeh [...]
Oracle: Billionaire backer of Donald Trump to invest billions in the UK March 17, 2025 Oracle, the US technology giant founded by a major billionaire backer of Donald Trump, has announced plans to invest $5bn (£3.9bn) in the UK. The company, which was co-founded by Larry Ellison, said it will invest the money over the next five years to ‘meet the rapidly growing demand for its cloud services in the [...]
Analysis: What do Starmer’s reforms actually mean – and can they work? March 15, 2025 Sir Keir Starmer has announced his reform plans to make the British state more “innovative and effective”. The Prime Minister unveiled a series of new measures on Thursday, including the headline abolition of NHS England – the arms-length body which runs the NHS in England. But Sir Keir also spoke about his broader ambitions to [...]
Lessons from the dot-com bubble, 25 years on March 13, 2025 While it’s tempting to compare the current excitement around AI to the dot-com bubble of 2000, it would be wrong to draw too many parallels, says Brad Holland As one market reporter quipped in Summer 2000: ‘pity the poor technology investor’. After the past fortnight’s trimming of US financial markets, some might think this observation has proven [...]
Keir Starmer to pledge red tape rollback in bid to ‘reshape the state’ March 12, 2025 Sir Keir Starmer is expected to pledge to slash red tape for businesses in a bid to “reshape the state” of the UK amid what he will call a new “era of instability”. The Prime Minister is set to make an announcement on Thursday about his plans to reform the British state, cut regulation, and [...]
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 [...]
Is nanotech the next big iceberg for business? March 11, 2025 Nanotechnology is being hailed as the next medical revolution, promising everything from precision drug delivery to real-time disease tracking. The same advancements that could wipe out chronic illnesses, however, also open the door to unprecedented biosecurity risks, says Paul Armstrong The fifth anniversary of Covid-19 was a reminder of how fragile global health systems remain [...]
Government unveils £23m boost for telecoms March 10, 2025 The UK government has announced a £23m investment in telecoms research and development, aiming to strengthen connectivity across key industries like AI, cloud computing, and agriculture. The funding forms part of science and technology secretary Peter Kyle’s plans to accelerate the deployment of next generation telecoms technologies. He is expected to confirm the funding during [...]
GlobalData reports ‘transformational’ 2024 due to AI demand March 10, 2025 GlobalData has reported a five per cent increase in revenue to £285.5m for the year ended 31 December 2024, in line with market expectations. The company, which provides data and business intelligence solutions across various industries, reported earnings before interest, tax, depreciation and amortisation (EBITDA) growth of five per cent to £116.8m, with an EBITDA [...]
Quantexa: London-based AI startup’s valuation hits £2bn March 5, 2025 London-based artificial intelligence (AI) startup Quantexa‘s valuation has jumped to more than £2bn following a new round of funding. The firm, which uses AI to interpret data sets and help financial firms manage risk, secured a $175m (£137.66m) investment in a funding round led by the Teachers’ Venture Growth (TVG), which will bring the firm’s [...]