Chinese-owned UK chipmaker still awaiting sale after government order March 9, 2026 More than a year after ministers ordered the sale of a Chinese-owned British semiconductor company on national security grounds, the deal has yet to materialise. Glasgow-based Future Technology Devices International (FTDI) remains majority owned by a Chinese state-backed consortium, despite the cabinet office directing investors to divest their stake in November 2024. The company was [...]
Ki Reply and Data Reply Lay the Strategic Foundation for AI Innovation at Siemens Healthineers with “Cerebra” March 9, 2026 Ki Reply and Data Reply, the Reply Group companies specialised respectively in AI-powered software development and data-driven solutions, have partnered with the “CRM Excellence” department of medical technology company Siemens Healthineers to develop “Cerebra“, an advanced AI platform designed to deliver rapid, relevant insights across marketing and sales. The concept proved so successful that “Cerebra” [...]
Nscale lands $2bn funding amid UK push to grow AI infrastructure March 9, 2026 London-based AI infrastructure firm Nscale has raised $2bn (£1.6bn) in funding, raising its valuation to $14.6bn as Britain seeks to get ahead of the global AI computing race. The series C round, led by Aker ASA and 8090 Industries, has been backed by heavyweight investors including Nvidia, Dell Technologies, Lenovo, Citadel and Point72. The funding [...]
Axiom Equity Announces Final Close of Second Flagship Fund Above Hard-Cap March 9, 2026 Axiom Equity (“Axiom”), a UK- and Ireland-focused private equity firm specialised in scaling high-growth B2B software businesses in the lower middle-market, is pleased to announce the final close of Axiom Equity Fund II (“Fund II”) above the hard-cap. Fund II was oversubscribed without the need for a formal fundraising process and finished materially above its [...]
Samsung on market for deals with AI giants March 8, 2026 Samsung is pursuing AI deals with tech leaders as it bets on artificial intelligence as the new front in its competition with Apple for dominance of the global smartphone market. The Korean tech giant’s consumer device chief has said the firm is “open to strategic co-operation” with AI companies like OpenAI. Samsung lost out against [...]
Anthropic: AI hasn’t caused job losses yet, but hiring is slowing March 6, 2026 AI has yet to trigger the wave of job losses many fear, according to one of the sector’s biggest players, but early signs suggest it may already be reshaping how companies hire. New research from Anthropic found little evidence that AI has increased unemployment in the occupations most exposed to the technology since the launch [...]
Grounds for expansion: Airwallex’s Europe chief bets on London in licence pursuit March 6, 2026 As payments giant Airwallex laid out plans to double down on Europe, they turned to a man with experience at a multi-billion dollar deposit holder. The $8bn cross-border specialist was looking for someone to steer the ship amid expansion plans across Europe but in that endeavour didn’t poach a veteran of Wall Street or the [...]
University spinouts boom as startups pull in billions March 6, 2026 Academics are increasingly going on to start their own start-ups, with a surge in spinouts, patents and investment pointing to the growing commercial impact of Britain’s research base. New figures seen by City AM show the number of UCL academics seeking to commercialise their research has jumped by more than 25 per cent since the [...]
Chelsea reveal first ever back-of-shirt sponsor – but it could last just one game March 6, 2026 Chelsea have unveiled a second new kit sponsor in as many weeks after agreeing a deal for trading platform TMGM to appear on the back of their shirts. The deal is an expansion of the club’s partnership with the Australian company, which has been Chelsea’s official regional forex and CFD trading partner in Asia-Pacific since [...]
Sadiq Khan invites Anthropic to move to London March 6, 2026 Sadiq Khan has sent Anthropic’s chief executive Dario Amodei an invitation to move to London after the AI giant’s spat with President Trump. In a letter to the Anthropic boss, the mayor of London praised the company over its “steadfastness” against pressure after it refused to give the US military access to its tools over [...]