United Kingdom
The latest startup and technology news coming out of the United Kingdom.
The company also said it has received regulatory clearance to start Phase 2 clinical trials for a new drug in the U.S. later this year.
Axle Energy is a B2B, back-end infrastructure business focused on connecting flexible assets, such as electric vehicles and home batteries, to energy markets that aren’t otherwise available for consumers to…
This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.
Google is no longer proposing to deprecate third-party tracking cookies in Chrome, instead suggesting that users be given an option to deny tracking.
An English school has been reprimanded by U.K. regulators after it used facial recognition technology without getting opt-in consent from students.
The Korean tech giant is acquiring Oxford Semantic Technologies, a U.K.-based knowledge graph startup that has built an AI reasoning engine.
On AI, new UK gov’t to work on ‘appropriate’ rules for ‘most powerful’ models and beef up product safety powers
There had been rumors the U.K.’s shiny new-in-post Labour government would commit to introducing a dedicated artificial intelligence bill on Wednesday as it unveiled its full legislation program amid the…
Meet Adfin, a new U.K.-based fintech startup that wants to help companies get their invoices paid — whatever it takes. Founded by two fintech experts, the company is starting with…
After announcing a whopping $20 million seed last year, Unlikely AI founder William Tunstall-Pedoe has kept the budding U.K. foundation model maker’s approach under lock and key. Until now: TechCrunch…
Vaire Computing raises $4.5M for ‘reversible computing’ moonshot which could drastically reduce energy needs
Vaire Computing, based in London and Seattle, is betting that chips that can do reversible computing are going to be the way forward for the world.
Amazon hit with fresh class action-style suit in UK — $3.4B in competition damages sought for 200,000+ sellers
Amazon is facing another competition lawsuit in the U.K. The latest claim, which was filed Thursday, is seeking more than £2.7 billion in damages — or around $3.4 billion at…
Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue improving. Security…
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Raspberry Pi is now a public company
Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate.
AI systems and large language models (LLMs) need to be trained on massive amounts of data to be accurate but they shouldn’t train on data that they don’t have the…
The British retailers association also takes aim at Amazon’s “Buy Box,” claiming that Amazon manipulated which retailers were selected for the coveted placement.
There’s a lot of buzz about generative AI and what impact it might have on businesses. But look beyond the hype and high-profile deals like the one between OpenAI and…
UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub
Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into the broader European market…
The U.K. will shortly get its own rulebook for Big Tech, after peers in the House of Lords agreed Thursday afternoon to pass the Digital Markets, Competition and Consumer bill…
Bugcrowd, the crowdsourced white-hat hacker platform, acquires Informer to ramp up its security chops
On the heels of raising $102 million earlier this year, Bugcrowd is making good on its promise to use some of that funding to make acquisitions to strengthen its security…
Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the…
The U.K.’s data protection watchdog has closed an almost year-long investigation of Snap’s AI chatbot, My AI — saying it’s satisfied the social media firm has addressed concerns about risks…
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
London-based fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR.
The AI Safety Institute, a U.K. body that aims to assess and address risks in AI platforms, has said it will open a second location in San Francisco.
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Microsoft dodges UK antitrust scrutiny over its Mistral AI stake
Microsoft won’t be facing antitrust scrutiny in the U.K. over its recent investment into French AI startup Mistral AI.
Embedded finance is still trendy as accounting automation startup Ember partners with HSBC UK
Ember has partnered with HSBC in the U.K. so that the bank’s business customers can access Ember’s services from their online accounts.
CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers
CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.
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UnitedHealth data breach should be a wake-up call for the UK and NHS
The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO Andrew Witty confirming this week that it may impact as much as one-third of the country. But it should also…
Dan Purcell, the founder and CEO of Ceartas, recalls feeling devastated when he realized that a former partner had, unbeknownst to him, uploaded private, intimate videos of them onto a…
Gideon Valkin’s solo VC firm Andrena Ventures is raising $12 million from backers, including several VCs and entrepreneurs, and made its first investment into AI startup Nustom.
OpenAI, maker of the viral AI chatbot ChatGPT, has netted another news licensing deal in Europe, adding London’s Financial Times to a growing list of publishers it’s paying for content…
