News

MACH37 opens fall cohort applications for cyber accelerator

MACH37, the accelerator for information security entrepreneurs and cyber startups, has announced it is now accepting applications for its Autumn 2024 Cohort. Established in 2013, MACH37 has played a pivotal role in the early-stage startup and tech ecosystem.

DeepL’s LLM outperforms GPT-4, Google, and Microsoft for translation quality

DeepL, a global Language AI company, has announced the launch of its next-generation language model, powered by a highly-specialised LLM technology built specifically for translation and editing.

Oxford Semantic Technologies acquired by Samsung Electronics

Samsung Electronics has acquired Oxford Semantic Technologies (OST), an Oxford University spinout known for its advanced AI applications using Knowledge & Reasoning. Founded in 2017 by professors Ian Horrocks, Boris Motik, and Bernardo Cuenca Grau, OST specialises in knowledge representation and semantic reasoning.

Element’s RegNav transforms medical device compliance

Element Materials Technology (Element), a global player in materials and product qualification testing, inspection, and certification services, recently unveiled the 18-month development journey of RegNav, its AI-driven regulatory intelligence platform for medical devices. This behind-the-scenes glimpse reveals Element’s innovative approach to tackling significant industry challenges through cutting-edge technology.

UK leads Europe in approving lab-grown meat

The UK is poised to make history in Europe as the first nation to commercialise lab-grown meat. Regulatory approval has been granted for chicken cultivated from animal cells, developed by the startup Meatly, to be used in pet food.

European startups delaying US expansion

Frontline Ventures’ latest US Playbook, a comprehensive guide from the venture capital firm specialising in B2B software enterprises, disclosed that European startups have been delaying their US expansions since COVID. The average age of these companies has increased from four years before 2020 to five years afterwards.

Quandela and Welinq join forces

Quandela, a specialist in European photonic quantum computing, and Welinq, a quantum networking company, have announced a partnership poised to revolutionise the quantum industry.

AND Digital partners with Google for Startups Cloud Programme

AND Digital has formed a partnership with the Google for Startups Cloud Programme to provide robust support for emerging retail startups.

LG announces fourth annual InnoFest

LG Electronics has commenced registration for the fourth annual LG NOVA InnoFest, scheduled for 25th-26th September at the Palace of Fine Arts in San Francisco.

Employers and staff optimistic about impact of new technologies

A YouGov survey, commissioned by the British Safety Council and involving 4,018 UK employers and employees, has unveiled optimistic views on the impact of emerging technologies like artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) in workplaces.

TechMarketView identifies ‘GenAI Dividend’ in a strengthening UK Software and IT Services market

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 Integrates with Building Transparency’s EC3 for real-time as-built carbon reporting

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.

AI test engineer company to recruit for over 80 new positions

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.

Microsoft faces CMA probe over recruitment of Inflection AI staff

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.

Manchester’s bus network first in UK to use AI optimisation

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.

Adtech scaleup Aryel targets strategic acquisitions an expansion in France and Germany

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.

Labour Government likely to usher in cautious AI policy

A comprehensive analysis of parliamentary and social media mentions of AI by politicians over the past 18 months indicates a potential shift towards a more cautious approach to AI policy under the new Labour government.

Jeff Hoffman, Ida Tin, Uri Levine and John Elkington, protagonists of the second season of the South Summit podcast ‘Deep Dive’

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 unveils Sinch AI: transforming customer engagement with intelligent solutions

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.

One third of UK SMEs urgently need financial support to survive economic pressures

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.