AI can jump-start UK productivity – we just need to get over our trust issues August 22, 2024 Artificial intelligence can be the productivity cure it promises to be - but we need a little trust, writes Daniel Pell.
Thomson Reuters snaps up British AI startup that provides legal advice August 21, 2024 Information giant Thomson Reuters has snapped up British artificial intelligence (AI) company Safe Sign Technologies as it looks to grow its suite of AI-powered research tools targeted towards the legal industry. Safe Sign has been building and developing a legal specific large language model (LLM) that aims to make reliable legal advice more accessible. Both firms [...]
Is Google a monopoly? Sort of, but that’s the free market August 20, 2024 How about a little trust in the dynamism of the free market? Writes Matthew Feeney
Quantexa: AI start-up boss on business after hitting Unicorn status August 19, 2024 When artificial intelligence (AI) start-up Quantexa hit unicorn status, the London-based company said it was a chance to embark on a major growth push. In April 2023, Quantexa was minted a billion dollar ‘unicorn’ after closing a $129m (£99.4m) funding round at a valuation of $1.8bn (£1.4bn). Quantexa, which uses AI to analyse financial firms’ [...]
The UK tech and media companies making the most of AI August 16, 2024 As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
Designmynight founders raise £5m for new tech venture August 15, 2024 The founders of hospitality booking platform Designmynight have raised $6.35m (£4.9m) for their new tech venture. Nick Telson-Sillett and Andrew Webster, who scaled Designmynight and sold it for £25m in 2017, have raised the capital for new digital sales platform Trumpet, alongside co-founder and chief executive Rory Sadler. The seed funding round led by London-based AlbionVC, which [...]
Evoke: Profit nosedives at William Hill and 888 owner as Euros boost fails to materialise August 15, 2024 William Hill owner Evoke has reported a huge post-tax loss as a predicted boost to profit after betting at the Euros failed to make any material impact on its results. The firm, which owns William Hill, 888 and Mr Green, reported a post-tax loss of £143.2m in the six months to 30th June 2024, an [...]
Can the UK’s stock market produce another £200bn company? August 14, 2024 Seismic events or a shift in valuations are likely necessary for more UK stocks to be worth £200bn, analysts have told City A.M., after Astrazeneca became the first company in six years to pass the milestone.
Could data save the NHS? August 14, 2024 If we want a better future for the NHS, we need a collective commitment to ethical, transparent and innovative data practices, says Sir Nigel Shadbolt
The City is the forefront of the fourth industrial revolution August 12, 2024 London is Europe’s pre-eminent fintech hub, attracting more investment than the next 13 European cities combined. To get ahead, we must bring that experience to bear, says Michael Mainelli As well as being an enthusiast and early adopter of technology – even predicting the internet in his 1898 short story, From The London Times in 1904 – Mark Twain [...]