UK tech scale-ups raise £3.4bn as Burnham faces test over British investment Tech Britain’s latest crop of high-growth tech companies have raised £3.4bn between them and employ more than 6,000 people, as Andy Burnham faces pressure to get more British capital behind home-grown firms. Tech Nation on Wednesday unveiled the 50 companies in its Future Fifty 2026 cohort, spanning AI, fintech, health, defence and energy. Together, the companies [...]
UK government probes OpenAI breach after ‘unprecedented’ hack Tech The UK government is probing the first known case of an artificial intelligence model breaking out of a controlled test by itself and hacking another company’s systems. Officials at the government-backed AI Security Institute (AISI) are investigating the security breach at OpenAI and whether similar incidents could occur at other top developers, a spokesperson told [...]
Darktrace says Anthropic was right to pause Mythos on ‘security and safety’ grounds Tech Darktrace has backed Anthropic’s temporary restrictions on its most advanced AI models, arguing the move was about safety rather than shutting Britain out of its frontier model. Nicole Carignan, Darktrace’s SVP of AI and security strategy, told City AM the short-lived curb on Anthropic’s Mythos and Fable models should not be read as a straightforward [...]
Darktrace boss blames employee share rules for London exit October 22, 2025 The boss of Darktrace has said that the London Stock Exchange’s restrictive rules over offering options and equity to staff drove its decision to leave the UK bourse in 2023, saying it limited its ability to attract and retain talent. Jill Popelka told a Bloomberg event that the “limitations” meant that as a London-listed company [...]
Poppy Gustafsson resigns as investment minister September 5, 2025 UK investment minister Baroness Poppy Gustafsson is stepping down less than a year after the former boss of cyber security firm Darktrace was appointed to the role by Prime Minister Keir Starmer. Gustafsson is understood to be leaving to spend more time with her young family, with the announcement due in the next few days. [...]
Darktrace: Most firms dangerously exposed to AI cyber threats June 11, 2025 As artificial intelligence rapidly reshapes the cyber security landscape, many businesses remain dangerously under-prepared, missing foundational practices while rushing to adopt AI tools. At London Tech Week on Tuesday, top industry and government voices in the space warned that without getting the basics right, even the most advanced AI solutions won’t be enough. This announcement [...]
Allianz GI: UK investors must do more to attract tech firms to LSE May 19, 2025 A flood of British tech firms dropping London in favour of a New York IPO is only set to increase, a boss at Allianz’s investment arm has warned. Jeremy Gleeson, technology CIO at Allianz Global Investors, has no UK companies in his global tech fund, citing their high price and small availability. “One of the [...]
Work to recover Mike Lynch’s sunken superyacht paused after diver’s death May 10, 2025 Work to recover tech tycoon Mike Lynch’s sunken superyacht in Sicily has paused after a diver died. The man, believed to be a diver for Dutch firm SMIT Salvage, died during underwater work on Friday and an investigation will look into what happened. The vessel Bayesian was due to be raised from the seabed within [...]
Harrods hit in cyber spree as experts warn of ‘coordinated campaign’ May 2, 2025 Harrods has become the latest high profile UK retailer targeted by cyber attackers, joining Marks & Spencer and Co-op Group in a spate of recent incidents that security experts fear may be part of a broader attack against the sector. Harrods has confirmed that it had experienced “attempted to gain unauthorised access” to its systems. [...]
M&S breach exposes retail sector’s security risks April 28, 2025 Marks and Spencer (M&S) has been grappling with a serious cyber attack that forced the retailer to suspend online orders, disrupted in-store operations, and blocked its remote staff from working on its system. The attack, which began over the Easter weekend, has left M&S unable to fulfil many customer orders – driving its stock down [...]