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Cambridge accounts for almost a fifth of UK tech sector value

Cambridge accounts for almost a fifth of UK tech sector value

The Cambridge tech industry has been valued at $191bn (£150.2bn), representing 18% of UK tech at large, new data has found. Analysis by Dealroom in partnership with the Founders at the University of Cambridge, an accelerator, found that the city’s tech industry had surpassed the value of Spain’s and Italy’s combined. The research shows that...

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General election: UK tech prepares for political pivot

General election: UK tech prepares for political pivot

Prime Minister Rishi Sunak has called a UK general election for 4 July, raising the prospect that for the first time in 14 years it will be a Labour government shaping the business environment for the UK’s tech startup ecosystem. The date for the 2024 UK general election was confirmed by a rain-soaked Sunak outside...

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UPDATE 1-South Korea, UK to host AI summit in Seoul as risks mount

UPDATE 1-South Korea, UK to host AI summit in Seoul as risks mount

By Joyce Lee SEOUL, – South Korea and Britain will host a global AI summit in Seoul this week, as the breathtaking pace of innovation since the first AI summit in November last year leaves governments scrambling to keep up with a growing array of risks. “Risks such as large-scale labour market impacts, AI-enabled hacking...

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UK Semiconductor Institute a ‘positive step’ for chip sector

UK Semiconductor Institute a ‘positive step’ for chip sector

The UK is launching a new independent semiconductor group to connect industry, academia and the government. The UK Semiconductor Institute will act as a “single point of contact” for the sector at a time when nations are ramping up support for chips, the components underpinning many of the world’s electronics. The new institute will focus...

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Things to know about an AI safety summit in Seoul

Things to know about an AI safety summit in Seoul

SEOUL, South Korea (AP) — South Korea is set to host a mini-summit this week on risks and regulation of artificial intelligence, following up on an inaugural AI safety meeting in Britain last year that drew a diverse crowd of tech luminaries, researchers and officials. The gathering in Seoul aims to build on work started...

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Northern Lights could be visible in the UK again in a matter of weeks

Northern Lights could be visible in the UK again in a matter of weeks

The Northern Lights could light up our skies again as early as next month. Skies over the UK turned pink and green last weekend as the Northern Lights produced incredible displays for skygazers. The spectacle came after the National Oceanic and Atmospheric Administration (NOAA) in the US issued its first severe solar storm warning since...

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UK tech funding roundup: This week’s deals from PolyAI to Alchemie Technology

UK tech funding roundup: This week’s deals from PolyAI to Alchemie Technology

This week’s UK tech funding deals include AI customer support company PolyAI, remote and freelance worker management platform Native Teams, sustainable fintech Ekko and more. UKTN tracked £99.8m worth of UK tech investment this week (13 May to 17 May), a 95% week-on-week decrease across 12 funding rounds. Here’s your weekly roundup of UK tech...

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Microsoft’s AI investment: Company has “good news” in the UK – Times of India

Microsoft’s AI investment: Company has “good news” in the UK – Times of India

Britain’s competition watchdog has said that it will not investigate the partnership between Microsoft and Mistral AI – a French artificial intelligence startup in which the tech giant invested $16 million in February this year. Microsoft partnered with Mistral AI to bring the company’s models available through its Azure platform. The decision comes weeks after...

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Rollercoaster for UK AI scene as PolyAI bags $50M while Stability AI mulls sale

Rollercoaster for UK AI scene as PolyAI bags $50M while Stability AI mulls sale

The artificial intelligence scene in Great Britain feels a little bit like your weekly tv drama at the moment. Major funding rounds compete for attention with controversial CEO departures and outlandish government campaigns (“Unicorn Kingdom” and 3D statue holograms, anyone?).   London-based PolyAI today announced it had secured a valuation of $500mn following a successful fund...

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Why Darktrace’s US private equity deal isn’t all bad for UK tech

Why Darktrace’s US private equity deal isn’t all bad for UK tech

Darktrace is the UK’s largest homegrown success story for public tech stocks in recent years. The news that it will soon be an asset owned by US private equity firm Thoma Bravo has led to another round of despair in the UK public market and tech and investment communities. This take-private is, rightly, yet another...

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Computer maker Raspberry Pi confirms London IPO plans

Computer maker Raspberry Pi confirms London IPO plans

Computer manufacturer Raspberry Pi has confirmed plans for a London IPO in a boost to UK public markets. The Cambridge-based firm, which offers low-cost computing equipment to encourage people to develop technical skills, said on Wednesday it intends to list on the main market of the London Stock Exchange. Raspberry Pi last year teased a...