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.
Cutting edge tech at the Open: AI digital humans, private 5G, giant screens – and owls July 23, 2024 City A.M. goes behind the scenes at the Open Championship with NTT Data to hear why golf majors work for sponsors — and how owls keep the high-tech digital operation working. Where can you find the best men’s golfers playing against each other? It’s an increasingly relevant puzzle for sponsors, broadcasters and fans of the [...]
The Notebook: Sheerluxe’s ‘AI fashion editor’ shows perils of trying to be cutting edge July 18, 2024 Sheerluxe's decision to hire an 'AI-enhanced fashion editor' shows the perils of trying to be cutting edge, writes Anna Moloney.
K3 Business Technology: Revenue slides after ‘sharply lower levels’ of activity July 17, 2024 K3 Business Technology Group, a provider of software solutions focused on fashion and apparel brands, has seen its revenue slide after a "sharply lower levels" of activity within its Global Accounts operation.
Sunak missed the mark on AI. Now it’s up to Starmer to do better July 17, 2024 While most companies do not want cumbersome rules, they do want clarity on the regulatory front, which is essential to provide businesses and consumers with certainty.
HSBC: UK’s AI startups on track to raise record-breaking £3.4bn this year July 16, 2024 The UK continues to be the premier European hub for startup innovation and investment, outpacing France and Germany combined in the first half of 2024.
Starling founder Anne Boden swaps bank for new AI venture July 14, 2024 Anne Boden stepped down from the board of Starling Bank in June but retains a stake understood to be just below five per cent.