Fintech investment in crisis but London remains ‘European capital’ February 6, 2024 UK fintech investment dropped by $12.3bn (£9.8bn) last year, falling 34 per cent, but the country remained the lead investor in Europe. Fintech investing across the Europe, Middle East and Asia region halved last year, falling from $49.6bn in 2022 to just $24.5bn, its lowest level in seven years, data from KPMG revealed. John Hallsworth, [...]
Palantir: US tech firm with lucrative NHS contract sees AI sales soar February 6, 2024 Shares in US tech firm Palantir have jumped nearly 18 per cent demand for artificial intelligence (AI) has driven sales higher.
Augmentum leads fresh investment round in London insurtech Artificial Labs February 6, 2024 It will also look to entrench its position as in algorithmic underwriting software, as insurance increasingly looks towards 'digital solutions', an update to the markets said this morning.
Cazoo founder and state-backed investor drive £76m injection into AI fund February 6, 2024 The state-backed investor British Patient Capital and founder of troubled car firm Cazoo have backed a £76m injection into an London-based venture capital firm as it gears up for a spate of AI investment in the coming months.
UK government to prepare regulators for AI as it eyes ‘agile’ approach February 6, 2024 The British government will spend more than £100m building artificial intelligence (AI) research hubs and preparing regulators.
AI code of conduct ‘always doomed to fail’ say UK lawyers as guidance shelved February 5, 2024 City lawyers have said a voluntary code of conduct for artificial intelligence (AI) was "always doomed to fail".
Shares in British radiation detection firm Kromek jump following funding from Horizon Europe scheme February 5, 2024 Radiation detection firm Kromek has won government funding to develop its new product which can rapidly detect irregular radiation sources.
To lead the artificial intelligence revolution, London must first win over the sceptics February 5, 2024 AI could be London's next big industry, but only if it builds the needed trust to develop the technology, writes Michael Mainelli.
FTSE 100 close: London ends week down after US jobs figures February 2, 2024 US tech stocks dominated overnight news, all eyes will turn to US non-farm payrolls report, which are out at 1.30pm.
Meta issues first divi and expands buyback after bumper quarter February 2, 2024 Meta last night said it was closing in on one of its best years yet with a jump in revenue as the multinational tech giant continues its "longer-term" push into AI and virtual reality.