This year has undoubtedly been the year of generative artificial intelligence (AI) for the tech sector. It's a topic continuing to dominate technology news headlines and has thoroughly penetrated the cultural zeitgeist of the planet. Even the United Kingdom's (UK) King Charles III has voiced concerns about AI. It's hard...
An innovative AI model trained using the life details of more than one million people has shown that it can predict a person's time of death with a high degree of accuracy, as reported by the Independent. A study found the system, which works like ChatGPT, could predict people's chances...
The United Kingdom's (UK) government is at high risk of a "catastrophic ransomware attack" due to a lack of focus and funding, in a stark warning from a parliamentary report. As reported by The Record, the government has been accused by the nation's Joint Committee on the National Security Strategy...
Nvidia has emerged as a leading investor in artificial intelligence (AI) companies following a series of financial injections to assist start-up firms. As reported by the Financial Times, the world-renowned chipmaker revealed that it had backed "more than two dozen" companies over the last 12 months as it seeks to...
The United Kingdom's (UK) Competition and Markets Authority (CMA) is investigating the partnership between Microsoft and OpenAI. The competition regulator announced on Friday (Dec.8) it would consider if Microsoft’s partnership with the artificial intelligence (AI) firm behind ChatGPT has resulted in "a substantial lessening of competition" within the nation's technology...
A cryptocurrency investment app called Coscoin, which bills itself as an “AI quantitative trading platform” promising to double user investments, has sparked anger and confusion after users across the UK reported being unable to withdraw funds totaling thousands of pounds, according to a recent BBC report. Coscoin, also known as...
United Kingdom mobile network provider Three is down. The fourth-largest mobile network in the UK, Three has over 10 million customers. Thousands of them took to X (formerly Twitter) to voice their complaints to the company on Friday (Dec 1.) amid ongoing problems with network. Many customers said they hadn't...
The U.S. military is increasingly integrating AI into its operations, with plans to deploy thousands of AI-enabled autonomous vehicles by 2026, according to a new report by the Associate Press. This initiative, known as "Replicator," aims to keep pace with advancements in military technology, particularly in response to China's progress...
HSBC has apologized to customers in the United Kingdom after issues with the company's mobile banking app. The bank, which has nearly 15 million customers in the UK alone, said it was "investigating this as a matter of urgency" on Friday, November 24. Is the HSBC banking app still down?...
IBM announced today that it plans to invest $500 million in generative AI startups catering to business customers, signaling the technology giant's entrance into the AI investment race. Generative AI, which can generate original text, images, audio, and more, has seen rapid advancements recently from companies like OpenAI and Anthropic....
In a significant move aimed at bolstering the UK's AI capabilities, Bristol University has been granted a £225m investment by the government to develop the country's most formidable supercomputer, Isambard-AI. This development heralds a new era in the U.K.'s computing prowess, making it a formidable competitor on the global stage....
The International Monetary Fund (IMF) has cautioned about the potential economic consequences arising from the ongoing conflict between Russia and Ukraine, which may severely affect worldwide trade, financial movements, and the availability of crucial commodities. The IMF's warning highlights the potential risk of disruptions in the global supply chain, along...
After years of debate and criticism, the UK's Online Safety Bill has finally become law. According to an Oct. 26 TechRadar report, the bill received Royal Assent on October 26th, 2023, marking the last step in the legislative process before it goes into effect. However, tech experts and civil liberty...
London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system. According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service...
Saronic, a startup developing autonomous ships for defense applications -- announced today that it has raised $55 million in a Series A funding round. According to an Oct. 10 announcement, the round was led by Caffeinated Capital. It included investments from 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent...
As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing...
Lottie, an online marketplace for care services in the UK, announced today it has raised £16.35M ($20M) in a Series A funding round. According to an Oct. 9 announcement, the round was led by Accel and saw participation from prior investor General Catalyst, bringing Lottie's total funding to £25M ($31M)....
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Orkney, a group of islands off the northeastern coast of Scotland, has become the first place in the UK to offer drone mail delivery. This groundbreaking initiative, called the Orkney I-Port operation, is a collaboration between Royal Mail and drone technology company Skyports. The project aims to improve service quality...
The largest NHS trust in the United Kingdom, Barts Health NHS Trust, was recently hit by a ransomware attack. The ALPHV, or BlackCat, ransomware gang recently went after the trust, which runs five hospitals in London and cares for over 2.5 million patients. The group claims to have stolen 70...
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