News

Tech Mahindra has announced the establishment of a Centre of Excellence (CoE) powered by NVIDIA platforms to drive advancements in sovereign large language model (LLM) frameworks, agentic AI, and physical AI.   

Canva, the world’s all-in-one visual communication platform, has unveiled a suite of new products and features set to transform how people design at work and beyond. This announcement coincides with Canva reaching the major milestone of 200 million monthly active users, an increase of more than 115 million over the last two years, as the company also hits $2.5 billion in annualised revenue.

Decentralised data and processes are commonplace in UK businesses, according to research from AI for analytics platform, Alteryx, leaving organisations unable to unlock their true potential from data.

New PayPal data has revealed the reach and impact of ‘alternative business funding’ amongst British small businesses.

In a bid to enable future success and growth, ten entrepreneurial life science and technology businesses have begun the immersive Discovery Spark programme, with a prize package worth over £50,000 up for grabs.

In honour of Breast Cancer Awareness Month this October, FasterCapital announced a new initiative dedicated to supporting healthtech startups that are innovating in the breast cancer space.

The value of bad debt suffered by small businesses has surged by a staggering 127%, according to a report by SME funder, Bibby Financial Services (BFS).

Opteran, a company focused on natural intelligence, has revealed that Airbus Defence and Space, with support from the European Space Agency (ESA) and the UK Space Agency, will trial its Opteran Mind neuromorphic software in Airbus’ space rovers.

Tourism Innovation Summit (TIS) 2024, kicked off its fifth edition in Seville, Spain, on Wednesday. The tourism innovation summit par excellence has opened its doors to more than 7,000 congress attendees who, from October 23 to 25, will be able to learn about the latest innovations and technological solutions defining tourism worldwide. Also, all those trends and strategies will make this industry take a giant step forward in terms of sustainability, accessibility, competitiveness or adaptation to the new and changing demands of travellers looking for an ever-greater personalisation in their tourism experiences.

OpenAI’s former Chief Technology Officer, Mira Murati, is reportedly raising funding from venture capitalists for her new AI startup. The news was originally reported by Reuters, who claimed it came from sources familiar with the matter.

Student Minds, the UK charity dedicated to student mental health, has unveiled a new partnership with Mind Data, a digital platform providing real-time mental health insights.

An increasing number of young, skilled professionals, innovators, scientists, and entrepreneurs are leaving the UK, seeking better quality of life, career prospects, and tax advantages, driven by concerns over potential tax hikes under the new Labour government.

The Spanish entrepreneurial ecosystem has reached maturity and needs to explore new ways to revitalise itself and ensure its business model continues to grow. This the main conclusion of the 2024 Entrepreneurship Map, developed by South Summit in collaboration with IE University, which shows how startups already reach an average age of 3,19 years and follow a constant consolidation and growth compared to the 3,12 years registered in 2023. Additionally, 2 out of 10 startups in Spain are now scaleups, representing 3 percentage points more than the previous year and is also a symptom of this growing maturity.

Honiture is increasing its investment in pet and deep cleaning technologies to provide pet-loving families with innovative, convenient cleaning solutions. This commitment is highlighted as Honiture showcases its latest innovations at GITEX in Dubai and the Canton Fair, two leading platforms for advanced technology.

Burnout among security professionals in Europe is reaching concerning levels, with 68% of workers experiencing burnout to varying degrees. Of this number, 32% reported high burnout, while 36% indicated moderate levels. The UK has been hit particularly hard, with 40% of professionals facing elevated stress.

Alchemie Technology, a cleantech company, has been featured in a prestigious new book commemorating the 75th anniversary of the Commonwealth and King Charles III’s role as its Head. The book, The Commonwealth at 75, includes a spotlight on Dr Alan Hudd, Ffounder and CEO of Alchemie, and the company’s mission to cut emissions and pollution in the textile industry.

As the UK gears up for the Labour Government’s first Budget, research from innovation incentives specialist ForrestBrown reveals the key policy changes business leaders want from the new Government. 

shizl, a newly launched legaltech platform, is set to revolutionise how SMEs in the UK approach legal contract creation, negotiation, and execution. Designed to make legal processes simple, jargon-free, and affordable, shizl caters to businesses at every stage, from startups to larger enterprises.

British startup Auxtail has unveiled a new integrated bike rack designed especially for electric vehicles and, after eight years of development and patented technology, it’s targeting customers who love the outdoors and where sustainability is high on their list of priorities.

CitySwift has announced a significant new partnership with the Go-Ahead Group, a major provider of bus services in the UK. This collaboration will see CitySwift’s AI-powered platform, designed to enhance bus operational efficiency, rolled out across all Go-Ahead Group operating companies in the UK, bringing benefits to passengers, drivers, and cities alike.