London’s tech success can be the backbone of the nation’s economy as growth wavers June 14, 2022 Across the western world economies face big structural challenges: growth, productivity, inflation and real wage levels. The holy grail of economic policy is how to break out of this cycle. As Tech Minister, I believe the UK must throw everything behind being a science and tech superpower. Just as our economy was transformed by Thatcher [...]
Ministers unveil new digital strategy to boost UK tech sector June 13, 2022 Ministers have today unveiled plans to boost the UK’s tech sector and spur investment into the digital economy in a bid to cement the country “as a global tech superpower”.
Google engineer put on paid leave after outing AI chatbot as ‘sentient’ June 13, 2022 Google has placed a senior engineer on “paid administrative leave” after he made comments about the company's chatbot being “sentient”.
Use a regulatory technology software platform June 7, 2022 A cloud-first strategy for many organisations means that software as a service is becoming as important as in-office tools. AIM Digital Solutions has developed dataBelt (part of its dataEstate software suite), a regulatory technology software platform that blends key developments in the IT industry, with data discovery and management at its core. Developments include robotic [...]
Open banking fintech Bud inks $80m funding round June 7, 2022 Open banking fintech firm Bud announced its $80m (£64m) Series B funding, led by Bellis Phantom Holdco, an indirect affiliate of investment funds managed by TDR Capital. The investment, which was also backed by existing investors including Outward VC, will be used to develop the firm’s models and allow for further international expansion. The open [...]
Nowhere to go: One in three Brits fear ending up homeless or ‘sofa surfing’ within next five years June 7, 2022 Nearly one in three Brits are concerned they may end up homeless in the next five years due to housing costs. Some 31 per cent of people polled for Amnesty International UK said they are worried about ending up sofa-surfing or in temporary accommodation. It likened navigating England’s housing system to undertaking a “gruelling obstacle [...]
Rainfall raises $1m pre-seed round to address data privacy and monetisation crisis June 6, 2022 Pre-seed investment will accelerate efforts to expand the partnership programs, scale the technology platform, and further build out the team.
Metaversal growing pains – the sky is just the beginning June 5, 2022 Dr Chris Kacher says the 50,000ft view of the prevailing trend suggests the sky is just the beginning for the metaverse.
BT and Ericsson join forces for multi-million pound 5G push May 31, 2022 BT and Ericsson today announced a multi-million-pound new joint partnership to provide commercial 5G Private Networks for the UK market – the first agreement of its kind in the country.
End of EU research funding will choke off UK deeptech, top professor warns May 27, 2022 An end to European research funding for UK universities could choke off a stream of so-called deeptech startups from attracting investment and making it to market, an expert has told City A.M.