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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.
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.
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.
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.
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.
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.













