News
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.
CitySwift, one of the leaders in performance optimisation for the public transport sector across the globe, has partnered with Transport for Greater Manchester (TfGM), a local government body responsible for transport in the Manchester region. This partnership looks to power the future of Manchester’s public transport network through the use of AI and data.
Aryel, the Italian AdTech scaleup specialising in augmented reality, has unveiled its ambitious plans to expand into France and Germany. The company aims to secure significant acquisitions within the AdTech sector.
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.
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.
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.
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.
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.
Changeblock, the company in carbon market facilitation using blockchain technology, has announced plans to acquire JustCarbon, a prominent marketplace for initiating high-integrity, gigatonne-scale carbon removal projects.
Global innovation scaleup Wazoku has joined the Italian Open Innovation Lookout Observatory, an initiative from the School of Management at Milan Polytechnic. This programme aims to help companies explore and harness the potential of the Italian Open Innovation ecosystem.
