Generative AI has overtaken cloud as a global enterprise IT priority according to new research from IT analyst firm Enterprise Strategy Group.
In Octopus Ventures’ latest report, the University of Dundee has been named as the top university for spin-out success. This ranking was determined by factors such as patents, spinouts created and recent portfolio success, which for Dundee, included the £2.2 billion IPO of Exscientia on the US NASDAQ, one of the largest ever UK university exits.
In early 2023, UK startup Britishvolt, filed for administration after struggling to raise funds for a major electric vehicle (EV) battery factory in northern England. The episode is classed as another damning blow to the UK’s hopes of building a home-grown battery industry, with the country falling further behind in the global race to build batteries. Here, Roger Brereton, Head of Sales at steering parts manufacturer Pailton Engineering, explores the reasons why startups often struggle to bring vehicles to market.
Artificial Intelligence and Machine Learning adoption is increasing across virtually every industry, but their impact has been particularly notable in the fintech and financial services sector.
New research from Xero, the global small business platform, has revealed that UK small business owners are concerned that AI development is outpacing regulation and a third (32%) want more training and resources to support AI adoption, as generative AI tools permeate various industries and the workforce.
ChartMogul, the Subscription Analytics Platform for growing Software as a Service (SaaS) businesses, reveals that top-tier SaaS startups reach $1 million Annual Run Rate (ARR) almost two years faster than the median SaaS enterprise.
Swedish startup Adsorbi AB has secured €360,000 in seed funding from Metsä Spring, Chalmers Ventures, and Jovitech Invest for its cellulose-based air purification material that can be used in air filters and odour removal products.
Paige, an AI startup, has announced the beta launch of its AI Assistant for website editing. This is a tool designed to change the approach to the web development process.
Videobot, a Finnish SaaS startup, has successfully raised €2 million in seed funding from Finland’s Superhero Capital, Luxembourg’s Expon Capital Digital Tech Fund, and angel investors, Sweden’s Urban Gillstrom and Finland’s Ari Korhonen.
OpenAI has launched ChatGPT Enterprise, which they claim offers enterprise-grade security and privacy, unlimited higher-speed GPT-4 access, longer context windows for processing longer inputs, advanced data analysis capabilities, customisation options, and much more.
NexGen Cloud, the sustainable Infrastructure-as-a-Service provider, has launched Hyperstack, an NVIDIA GPU-accelerated cloud platform that enables direct-to-compute, GPU-accelerated cloud access for the European market.
A Wolverhampton-based business duo has announced the launch of an interactive programme for aspiring businesspeople across the West Midlands.
Every year over 340 million workers suffer a workplace injury: slips and falls, strains and sprains, vehicle collisions and crashes. Voxel, an AI startup using computer vision to transform safety and operations in the workplace, has announced a $12 million strategic funding round to improve workplace safety and save lives.
MM, a dating app that merges tech with real life experiences has raised £600,000 in seed funding.
Small and medium-sized enterprises (SMEs) are finding it increasingly hard to access funding from high street banks, new data from fintech firm iwoca reveals.
Gresham House Ventures, a growth equity investor specialising in software and digitally driven businesses, has completed a £5 million investment into Branchspace, a technology consultancy and software provider working with airlines to enhance and transform their digital retailing capabilities.
Tech scaleup support programme, Exchange has welcomed a bank of new additions to its mentor and advisory network including three successful alumni entrepreneurs, as it onboards its sixth cohort of early-stage businesses.
Canva, the all-in-one visual communication platform celebrates the 10-year anniversary of Co-Founders Melanie Perkins, Cliff Obrecht and Cameron Adams launching Canva with the ambitious mission to empower the world to design.
Lithuania needs to harness “the enormous power” of international investment to boost its economic opportunities in an increasingly globalised world, says serial global investor Nigel Green.
The business experts at Forbes Advisor have conducted an analysis of the most recent UK business demography statistics report from the Office for National Statistics.
