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.
AI taskforce is needed to reform health and social care in the UK, says tech founder August 6, 2024 The UK needs an AI taskforce designated to the innovation of health and social care to avoid being left behind, the founder of digital-first social care provider Cera has said.
YouGov shares soar as market researcher snaps up Yabble in £4.5m deal and raises guidance August 6, 2024 Polling and market research company YouGov has acquired New Zealand-based generative AI company Yabble in a £4.5m cash deal as it slightly notches up its full-year guidance.
The City is at the vanguard of a new industrial revolution in open data and AI August 5, 2024 By leveraging the expertise of the City, we can pioneer the Fourth Industrial Revolution, writes Lord Mayor Michael Mainelli As well as being an enthusiast and early adopter of technology (even predicting the internet in his 1898 short story From The London Times of 1904) Mark Twain gifted the world many great aphorisms. Among my [...]
Lloyds Bank hires Amazon Web Services exec for first new AI director role August 5, 2024 Like many other businesses, banks are looking to use AI to improve stagnant productivity growth and cut costs.
Warren Buffett’s Berkshire Hathaway dumps half of its Apple stake August 4, 2024 Warren Buffett’s Berkshire Hathaway has dumped half of its Apple holdings as it continues to trim its position in the company.
Government cancels £1.3bn in AI funding as spending cuts bite August 2, 2024 The new Labour Government has shelved £1.3bn of “unfunded” investment for UK tech and AI projects promised by the Conservatives. The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will not be taken forward. It included £800m [...]
Founder Favourites: Why AI is NOT the death of creativity August 1, 2024 In this episode of Founder Favourites, Ajaz Ahmed, founder and chief executive of digital design agency AKQA, sat down with the hosts and told them that entrepreneurs' best bet might just be found in AI, healthcare or climate tech.
Relx: Data firm reports £1.5bn profit thanks to AI boost July 25, 2024 Data and analytics group Relx continued to push up revenue as profit reached over £1.5bn thanks to demand for analytics underpinned by AI.
IBM: AI demand boosts UK profit by more than £100m July 23, 2024 Demand for IBM's AI and hybrid cloud services helped profit at its UK arm surge by more than £100m in 2023, it has been revealed.