News

South Summit, the benchmark meeting for the entrepreneurial and innovative ecosystem, premieres the second season of its podcast ‘Deep Dive’, in which the main leaders and experts in innovation and entrepreneurship worldwide reflect on the trends that condition entrepreneurs and startups.

Sinch, a leader in global communication via its Customer Communications Cloud, has unveiled Sinch AI, a cutting-edge innovation designed to empower forward-thinking businesses with the tools needed to create smarter, safer, and more efficient conversational experiences. This enhancement is poised to give businesses a competitive edge in a crowded marketplace.

TechMarketView, an industry analyst and advisory firm, has released its highly anticipated Market Trends & Forecasts 2024 report. The latest research highlights a strategic shift among organisations towards foundational efforts essential for future generative AI programmes.

Qflow has unveiled a partnership with nonprofit Building Transparency’s Embodied Carbon in Construction Calculator (EC3), set to revolutionise the tracking and reporting of as-built carbon data in the construction industry.

BlinqIO, the pioneer behind the first AI test engineer, has unveiled plans to recruit 80 new employees as part of an ambitious US expansion strategy.

Tech giant Microsoft is being investigated in the UK by The Competition and Markets Authority (CMA), over whether its recruitment of staff from startup Inflection AI constitutes a merger.

Visa has unveiled the strategies behind the flourishing side hustles of Gen Z, individuals born between 1996 and 2010, and their evolution in helping young people enhance their financial game.

JumpCloud’s Q3 2024 SME IT Trends Report has revealed significant concerns among UK respondents, with 64% acknowledging that AI threats are surpassing their ability to defend against them – a notable rise from the previous report. Furthermore, 81% (up from 70% in Q1 2024) of participants agreed on the necessity for their organisations to invest in AI initiatives, highlighting a growing unease about filling security gaps.

Discovery Park has announced Minter Hormone Health as the winner of the Discovery Spark FemTech and Women’s Health Prize, following a rigorous pitch process evaluated by three expert panels.

A recent survey by Novuna Business Cash Flow, involving 500 SMEs, has uncovered that 33% of small and medium-sized enterprises in the UK urgently need financial support within the next year to sustain their operations. As these businesses face mounting economic pressures, it’s crucial to explore funding options beyond personal borrowing and traditional bank loans.

Altery, a UK-based fintech startup, has unveiled its digital payment bot on Telegram. This bot is designed to provide an intuitive and secure payment experience, streamlining financial transactions on one of the world’s fastest-growing messaging platforms.

Open Innovation AI, a provider of GPU orchestration platforms with AI and data science tools, has partnered with Nscale, an AI cloud service provider, to deliver advanced AI cloud services and optimised AI workloads globally.

5dVR, a virtual reality content and production studio, has expanded to Saudi Arabia with AstroLabs, the Gulf’s leading business expansion platform. The move aligns with 5dVR’s mission to enable a wider range of businesses across multiple industries to adopt and make use of augmented reality (AR), mixed reality and virtual reality (VR) technologies.

On 12th July, the European Union adopted the Artificial Intelligence Regulation (EU AI Act), scheduled to take effect on 1st August, 2024. Although most obligations will not be enforced for another two years, businesses and individuals should start familiarising themselves with the new requirements, advises Toomas Seppel, attorney-at-law at Hedman Law Firm.

Paladin Capital Group, an investor specialising in advanced cyber and AI technologies, has joined the Allied Capital Community of the Defence Innovation Accelerator for the North Atlantic (DIANA), an initiative by NATO to enhance dual-use innovation across member nations.

Crypto Quantique, a provider of quantum-driven security for the Internet of Things (IoT), has announced new partnerships with three intellectual property (IP) distributors in the Asia-Pacific region: Kaviaz Technology for Taiwan, LoMicro for China, and KRM for Japan and Korea.

AMD has announced a definitive agreement to acquire Silo AI, Europe’s largest private AI lab, in an all-cash deal valued at approximately $665 million. This acquisition marks a pivotal move in AMD’s strategy to offer comprehensive AI solutions grounded in open standards and fostered through strong global partnerships.

Digital staffing agency Coople surveyed 1,000 UK business leaders to understand how economic conditions have impacted their staffing practices.

Recent data from Hubble, a flexible workspace platform, highlights a significant shift from full-time to part-time office models, with businesses saving nearly 70% on rent.

UK chip company Graphcore has been acquired by Japan’s SoftBank. Under the agreement, Graphcore has become a fully owned subsidiary of SoftBank, and will continue its operations under the Graphcore name.