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. [...]
Loyalty tech startup acquired in mega eight figure deal March 3, 2025 UK-based loyalty tech startup Lux Rewards has been acquired by global rewards company Enigmatic Smile in an eight-figure deal following years of near closures. The exact purchase price has not been disclosed. The acquisition reflects growing consolidation in the loyalty tech industry as businesses compete to meet increasing consumer demand for rewards and retention-focused programs. [...]
WPP eyes AI-driven growth after missing estimates February 27, 2025 WPP has delivered a mixed set of full-year results today. The group reported an unexpected revenue decline despite a slight rise in operating profit. Revenue less pass-through costs dipped by just one per cent on a like-for-like basis, with its fourth quarter down 2.3 per cent due to weak client spending. Headline operating profit reached [...]
LSEG smashes expectations with strong growth and bold 2025 outlook February 27, 2025 London Stock Exchange Group (LSEG) has reported strong financial results for 2024, exceeding market expectations and reinforcing its position as a lead player in global financial data and analytics. The firm’s total income, excluding recoveries, grew by 7.7 per cent in 2024, with broad growth across divisions. Income at the firm’s flagship data business, where [...]
Nvidia faces market test post DeepSeek chaos February 26, 2025 Nvidia is set to release its highly anticipated fourth-quarter earnings today at market close in the US, its first financial update since the emergence of China’s DeepSeek model. With expectations running high, investors will be scrutinising the results for any signs of slowing momentum or continued dominance in the AI boom. DeepSeek’s recent boom sent [...]
MPs slam Tiktok, Meta and X over misinformation failures February 26, 2025 MPs were left frustrated after questioning executives from big tech firms TikTok, Meta and X on how platforms handle misinformation and harmful content. The science, innovation and technology committee (SITC)’s evidence session on Tuesday, saw platform representatives struggle to provide clear answers on their content moderation policies. The session formed part of its ongoing inquiry [...]
Half of UK financial firms lack AI strategy, despite feeling ‘AI-ready’ February 26, 2025 There is a significant gap between confidence and action in artificial intelligence (AI) adoption across the UK financial sector, a new report has found. Professional services firm Forvis Mazars‘ report revealed that while all surveyed C-suite executives claim to be “AI-ready”, only 43 per cent of firms have a well-developed AI strategy. Meanwhile, just over [...]
Old tech driving NHS and public sector inefficiencies February 26, 2025 According to a recent report, inefficiencies in manual tech processes are adding an extra 30.6m hours of work every week across the UK’s public sector. New research from Appian found that on average, public sector workers lose five hours a week due to delays and inefficiencies, hindering the 6.12m -strong workforce. A survey of 1,000 [...]
UK newspapers join creative industry in protest against AI copyright plans February 25, 2025 UK newspapers have joined forces with musicians, authors, and other creatives to oppose government proposals that could allow AI firms to train models on copyrighted material, without compensation. Newspapers such as The Guardian, The Times and The Sun coordinated front-page protests on Tuesday morning, arguing the plans could undermine journalism by allowing AI firms to [...]
UK unveils ‘National Data Library’ plans for public services February 25, 2025 Plans for the UK’s National Data Library (NDL) have been revealed, a landmark initiative designed to streamline the use of public sector data. In Tuesday’s report, the Tony Blair Institute and The Entrepreneurs Network officially published their plans for the proposed library and a road map to achieve it. The paper reveals how the library [...]
