Fraud prevention firm SEON raises $80m amid growing compliance demands September 16, 2025 SEON, an AI-driven fraud prevention and compliance platform, has closed an $80m (£58.7m) Series C funding round led by Sixth Street Growth, bringing total investment to $187m. The company, based in Budapest and Austin, analyses tens of millions of customer interactions daily for clients including Revolut, Plaid, Spotify, Afterpay, and Entain. Its platform, delivered via [...]
AI home care saves NHS and government over £1bn September 16, 2025 Cera, the UK’s largest HealthTech home care provider, has announced that its AI-backed social care model has saved the NHS and government over £1bn to date, according to a new analysis. The preventative care model leverages AI to reduce avoidable hospital admissions, cut emergency attendances and ambulance call-outs, and prevent costly referrals into residential care. [...]
Peter Kyle pushes AI regulation changes to support UK businesses September 3, 2025 Technology secretary Peter Kyle will use his speech at Mansion House tonight to urge UK regulators to adopt AI in a bid to cut approval times for businesses, as Britain seeks to keep pace in the global race for tech leadership. Kyle is set to pledge £2.7m in government funding to help regulators trial AI [...]
Alibaba unveils new AI chip as Nvidia’s China headache deepens August 29, 2025 China’s tech giants are racing to plug the gap left by Washington’s export bans, with Alibaba rolling out a new AI processor designed to replace Nvidia’s restricted H20 chip. The e-commerce titan, now also the country’s largest cloud-computing group, said the chip is more versatile than its predecessors and is aimed squarely at domestic AI [...]
Microsoft negotiations threaten to delay OpenAI’s restructuring August 27, 2025 OpenAI’s plan to restructure its business and raise billions in new funding is being stalled as it remains locked in complex negotiations with its largest investor, Microsoft. The ongoing talks, which could extend beyond the end of the year, as reported by the Financial Times, centre on key points of contention that could impact the [...]
One in ten UK banking jobs at risk from AI August 27, 2025 Bankers across the UK could be on the chopping block as the industry piles billions into AI. The push into the modern tech will put some 27,000 roles at risk – representing ten per cent of the UK banking sector’s workforce. By 2030, banks across the country will have piled over £1.8bn into generative AI [...]
TikTok sheds London staff in major AI push August 22, 2025 TikTok is set to lay off hundreds of staff in its content moderation and security team in London, a decision that has sparked concern just as the UK’s Online Safety Act comes into force. The company, owned by ByteDance, is centralising its “trust and safety” operations globally and plans to increasingly rely on artificial intelligence [...]
Is Perplexity’s $34.5bn bid for Google Chrome strictly a power move? August 17, 2025 Artificial intelligence start-up Perplexity AI has made an unsolicited $34.5bn (£25.4bn) all-cash offer for Google’s Chrome browser, in a move that some analysts say is as much about signalling intent as it is about striking a deal. The San Francisco-based company revealed the bid on Tuesday, reported Reuters, claiming it had secured backing from several [...]
Exclusive: Two thirds of fantasy football fans to use AI for FPL August 14, 2025 As the Premier League returns, City AM can reveal that AI use is on the rise in fantasy football games. Fantasy Premier League and other virtual games will see millions of fans look for competitive advantages over their peers throughout the season. And new research by Virgin Media O2, shared exclusively with City AM, reveals [...]
AI-for-Excel firm Tracelight raises $3.6m to streamline finance work August 6, 2025 UK founded AI company, Tracelight, has raised over $3m in seed funding as it bids to hand laborious finance work over to AI tech. The London based company raised $3.6m (£2.7m) in seed funding from a series of venture capital firms, led by Chalfen Ventures with participation from Acequia Capital, Inovo and EF City AM [...]