London VC firm unveils $20m fund to back student ‘deeptech’ innovation April 21, 2022 A London-based venture capital firm has unveiled a new $20m fund today to pump into so-called ‘deeptech’ projects emerging from universities across the UK and Europe.
Three Senior Tech Roles to Apply For This Week April 14, 2022 Moving up to a senior role takes some consideration: you may be at the top of your game intechnical terms and a complete whizz at what you do, but it’s worth considering that making thetransition from a team member to a leadership position needs a bit of careful consideration. To prepare, you could ask for [...]
Darling Darktrace’s shares plummet despite boosting revenue outlook April 13, 2022 Darktrace upped its revenue estimates once again as the world continues to feel the sting of cyber threats.
Uber and Lyft U-turn following New York shooting surge charge April 13, 2022 Uber and Lyft face public backlash after prices surged during the New York subway shootings yesterday.
Ex-DeepMind employee says AI firm sought to ‘salvage’ its reputation instead of dealing with complaints April 13, 2022 A former DeepMind employee has hit out at the Alphabet owned firm for seeking to “discredit” her in a bid to “salvage” its own reputation, after she accused the AI developer of mishandling multiple sexual misconduct complaints. In an open letter, the former DeepMind employee – referred to only as Julie – said the [...]
PE view: Value creation through digitalization in M&A April 12, 2022 The use of AI in M&A has become critical in terms of efficiency, timing, and transparency in dealmaking. The volume of data in data rooms has exploded. Technology and automation is working overtime as dealmakers look for solutions to shorten the M&A cycle. In a recent survey, 64% of the 2,000+ dealmakers polled believe that [...]
Mishcon de Reya strikes deal with UCL to fund research into Artificial Intelligence (AI) April 11, 2022 London law firm Mishcon de Reya has struck a deal with UCL to fund research into use of artificial intelligence (AI) in the legal sector. Mishcon’s decision to fund research into AI comes as the firm now believes AI technology will revolutionise the legal sector and transform the ways that lawyers work. In striking a [...]
Ex-Labour minister Drayson booted from company he founded April 9, 2022 Former Labour minister Lord Drayson has been booted as chief of the firm he set up as part of a rescue package that will all but wipe out investors’ holdings. Drayson’s departure from Sensyne Health was announced yesterday in a stock exchange filing which also said the firm had secured a £15m emergency fund that [...]
London tech investors launch £30m AI and fintech fund April 4, 2022 A group of top fund managers has helped a consortium of London tech investors launch their third fund in as many years aimed at channelling funds into fast-growing AI, fintech and mobility firms. London Technology Club (LTC) is targeting raising over $40m (£30m) to be injected into between 20 and 25 investments over a one-year [...]
Use of AI tools in justice system poses serious threat to civil liberties, House of Lords says March 31, 2022 A House of Lords select committee has said the government should set up a national body to regulate use of Artificial Intelligence (AI) in the UK’s justice system, after warning deployment of such tools poses a serious threat to civil liberties. In a report, the House of Lords committee warned that “without many of us [...]