BMW pauses £600m electric vehicle Mini production February 23, 2025 BMW has confirmed it is delaying the reintroduction of electric vehicle production at its Oxford mini plant, citing “multiple uncertainties facing the automotive industry”. The decision has put a £600m investment on hold and raised questions about the UK’s transition to electric vehicles. The German carmaker, which has owned Mini 2000, had announced the investment [...]
Apple axes data protection tool after government security row February 21, 2025 Apple has removed its advanced data protection (ADP) feature from the UK, following a dispute with the UK government over encryption and access to user data. This comes after the Home Office requested access to encrypted iCloud data under the investigatory powers act (IPA), a law that requires leading tech firms to provide information to [...]
How Virgin Media 02 keeps your data running 24/7 February 20, 2025 City AM was invited inside one of Virgin Media 02 (VM02)'s largest data centres in the UK, located in Slough.
X looks to raise $44bn in valuation as Musk woos investors February 19, 2025 Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly known as Twitter, in 2022. Bloomberg News reported on Wednesday that talks for this new funding round remain preliminary, and that the terms could either [...]
Fuel Ventures backs AI solution to UK housing crisis February 19, 2025 Venture capital firm Fuel Ventures has co-led a £300,000 investment in PlanningHub, an AI-driven platform designed to help the UK’s housing crisis. The platform is designed to improve access to planning data for property development by simplifying the planning process. PlanningHub’s platform will apply AI to automate aspects of the planning application process, aiming to [...]
UK businesses are struggling to implement AI. Here’s why February 19, 2025 It has been claimed that artificial intelligence (AI) could contribute £200bn to the UK economy. Yet, businesses are struggling with adoption due to a lack of expertise, high costs, and regulatory concerns. A survey by digital transformation company ANS and Yougov of over 1,000 IT decision-makers cited the UK’s skills gap as the leading barrier [...]
Elon Musk’s xAI takes on rival OpenAI with new bot February 18, 2025 Elon Musk’s artificial intelligence (AI) company, xAI, has officially launched its new chatbot, escalating competition with its generative rivals such as OpenAI, Google’s Gemini and Microsoft’s Copilot. The model, Grok-3, was officially launched on Tuesday and is set to be the tech giant’s most powerful AI chatbot yet. Tech titan and chief executive Musk labeled [...]
UK healthtech bags Europe’s largest pre-seed funding round for female founders February 18, 2025 UK start-up Level Zero Health has raised $6.9m (£5.5m) in a pre-seed funding round, the largest ever secured by female founders in Europe. The funding, led by European venture capital firm redalpine, will accelerate its mission to revolutionise hormone tracking. It will help with its development of the world’s first remote and continuous hormone monitoring [...]
Musk and Google warn UK on tech exodus over safety rules February 17, 2025 Tech giants Google and Elon Musk’s X have warned that Britain’s new online safety laws could force global companies to reconsider their UK presence due to high compliance costs and regulatory overreach. The Online Safety Act, which was passed under Rishi Sunak’s government, imposed strict rules requiring major platforms to introduce age verification and stop [...]
London named Europe’s ‘unicorn capital’ for fintechs February 13, 2025 London leads Europe in fintech ‘unicorns’, a title given to privately-held startups valued at over $1bn, reinforcing its dominance as a global breeding ground for tech unicorns. According to Hurun’s latest index, nearly 80 per cent of the UK’s unicorns and future unicorns are based in London, with fintech being the most dominant sector. Of [...]
