Cabbies face robotaxi squeeze as Addison Lee boss warns of ‘predatory pricing’ Transport & Infrastructure London’s cabbies could be priced out of the market unless regulators step in to curb “predatory pricing” from deep-pocketed tech giants, the boss of Addison Lee has warned. Chief executive Liam Griffin said companies like Waymo, Wayve or Tesla risk undercutting traditional operators by subsidising fares to win market share, echoing concerns from the early [...]
City AM Awards 2026: Meet the Finalists Business The City AM Awards are back and this year our finalists are stronger than ever. Our judges now have the task of voting for an overall winner in each category, to be announced at the Guildhall on May 6. And the nominees are…. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of [...]
Autonomous vehicle firm Oxa taps BP, Nvidia in $103m funding round Tech British autonomous vehicle firm Oxa has raised $103m (£77m) in a fresh funding round after attracting support from the world’s most valuable tech firm, Nvidia. The Oxford-based business, formerly known as Oxbotica, completed the Series D raise with backing from the government’s National Wealth Fund as well as from the venture arm of energy giant [...]
Wayve raises $1.2bn as self-driving firm gears up for robotaxi launch February 25, 2026 British self-driving car company Wayve has raised $1.2bn (£950m), ticking its valuation up to $8.6bn and marking one of the largest capital raises for a UK AI startup. The funding round was led by Eclipse, Balderton and Softbank Vision Fund 2, with new backing from investors like Ontario Teachers’ Pension Plan, Baillie Gifford, the British [...]
Waymo accelerates London rollout despite US safety probe January 26, 2026 Waymo is stepping up preparations for its UK rollout after its driverless vehicles were spotted on the streets of London, as the Alphabet-owned firm faces safety scrutiny in the US. The self-driving vehicle firm has confirmed it is testing its robotaxis in the capital ahead of a planned passenger launch this year, marking its second [...]
Microsoft rides the Wayve as self driving cars hit London streets January 8, 2026 Microsoft announced its strengthened partnership with British born autonomous driving startup Wayve on Thursday, in a move set to bring the tech into commercial use. This collaboration, based largely on Microsoft Azure, provides its infrastructure to both train and operate the AV firm’s AI into complex urban environments such as London. Founded in 2017 in [...]
How AI took the wheel in 2025 December 27, 2025 2025 was the year artificial intelligence (AI) took the driver’s seat, literally. Not just in boardrooms or on trading floors, but increasingly on the tarmac, in showrooms, and behind the wheel itself. From record-breaking EV sales in the UK and Europe to autonomous taxis navigating San Francisco streets and preparing to arrive in London next [...]
Uber ready to go driverless in the UK May 19, 2025 Uber has declared itself “ready to go” with driverless taxi services in the UK, saying it could roll out the technology immediately if regulators give the green light. Andrew Macdonald, the taxi giant’s senior vice president of mobility, told the BBC the company is prepared to deploy robotaxis as soon as the “regulatory environment is [...]
Wayve: Nvidia, Uber and Softbank backed EV startup set for global expansion March 3, 2025 British artificial intelligence (AI) startup Wayve, which develops autonomous vehicle systems, has announced plans to accelerate its international expansion by launching a new hub in Stuttgart, Germany. Backed by tech giants Uber and Softbank, the self-driving firm is testing its AI-powered self-driving tech in Germany and the US and plans to secure partnerships with various automakers. [...]
UK venture capital industry not attracting enough domestic funding, says report November 25, 2024 The UK’s venture capital industry is not attracting enough funding from domestic investors compared with the likes of France and Germany, a report from the sector’s industry body has warned. Venture Capital in the UK, a new annual paper from the British Venture Capital Association (BVCA), found the country’s risk capital sector had shown “resilience” [...]