New analysis of Foreign Direct Investment (FDI) data by London & Partners shows that more AI companies (75 companies) from London have expanded internationally than from any other city globally post-pandemic. The UK capital has also welcomed the second-highest number of AI companies (94 companies) in the world, after Dubai (112 companies).

Mahdi Yahya, CEO and Founder of Ori, a UK-based provider of GPUs for AI compute, argues that the UK has all the ingredients necessary to build its own sovereign cloud computing infrastructure – but it’s being held back by a lack of imagination from senior tech players. 

Zyxel Networks, a company in delivering secure and cloud-powered networking solutions, is launching its new XGS1935 series of Lite-L3 smart managed switches to meet the growing connectivity and sustainability needs of small businesses.

Cambridge Future Tech has entered into a relationship with Nokia Bell Labs and Nokia Ventures & Partnerships, to establish OmniBuds, for the commercialisation of Nokia Bell Labs OmniBuds platform, the world’s first ear-worn AI/ML computing platform designed to monitor vital signs, including heart and respiration rates, as well as users’ physical activities and audio experiences. This device is poised to revolutionise the health and wellness industry by providing continuous, real-time insights to care providers and enhancing patient care. 

Microsoft has launched its new GenAI Accelerator programme, aimed at advancing AI-driven startups in the UK and positioning them for long-term success.

Blue Earth Summit arrived in London in October 2024,  located within a former machinery, manufacturing, and innovation quarter at Woolwich Works.

Neustark, a Switzerland-based, carbon removal specialist and one of the fastest growing companies in Europe, and UK-based building materials supplier, Aggregate Industries, are introducing a new technology that permanently removes carbon from the atmosphere and locks it into recycled concrete.

Virgin Media O2 has launched an all-new Small Business Partnerships initiative with leading brands Virgin StartUp, GoDaddy, and egg, to bring exclusive offers to small business customers. This initiative aims to equip entrepreneurs across the UK with the technology, resources, and networks to succeed.

Novuna Business Cash Flow, a provider of financial solutions for small and medium-sized enterprises (SMEs), has reviewed the UK’s latest budget announcement, which introduces significant changes expected to impact businesses across the country.

UK quantum technology company Aquark Technologies, in partnership with the Office of the Chief of Technology Officer (OCTO) for the Royal Navy, successfully demonstrated the capabilities of its novel cold atom technology on the Royal Navy’s HMS Pursuer vessel.

Augment Aero, a female-led aerospace technology company, has been awarded "Innovative Tech of the Year" at the South Coast Tech and Innovation Awards 2024, held at the Hilton Southampton on October 3 and hosted by The Business Magazine.

Finnish biotech scaleup Enifer has filed for Novel Food authorisation from the European Food Safety Authority (EFSA) for its mycoprotein PEKILO – marking a major milestone in the company’s mission to bring an innovative and eco-friendly protein to the European food market.

Lucanet, a global provider of end-to-end CFO software solutions, is pleased to announce the successful acquisition of Causal, a key innovator in the financial planning and analysis (FP&A) market. This acquisition strengthens Lucanet’s market position by expanding the range of core solutions in its CFO Solution Platform to include Extended Planning and Analysis (xP&A).

The UK National Quantum Technologies Programme (NQTP) is marking its tenth anniversary at the UK National Quantum Technologies Showcase 2024 on 8th November in London.

The integration of artificial intelligence (AI) solutions into front-line healthcare services in the UK is set to grow exponentially over the next decade, providing opportunities for faster, more accurate diagnosis and treatment. However, risks exist and there are concerns around patient data management, according to an expert group in Leeds.

DeepL, a global Language AI company, has announced it will be among the first to commercially deploy the NVIDIA DGX SuperPOD with DGX GB200 systems. The NVIDIA DGX SuperPOD, which is expected to be operational at DeepL by mid-2025, will be used to power research computation.

The Startup World Cup regional finals have crowned a new champion. Lithuanian startup Traxlo, with its platform “Tasku.app” – a short-term gig work portal offering flexible tasks in local stores, has won the opportunity to represent Central and Eastern Europe in Silicon Valley’s grand finale and compete for the $1 million prize. The event took place during the Engaged Investments conference, hosted by DEPO Ventures and J&T Ventures in Prague, Czech Republic.

The Access Group, a provider of business management software to mid-market organisations in Europe, USA and Asia Pacific, has announced that it has acquired HireAra, a UK based AI-powered candidate presentation platform that automates the process of formatting and presenting candidate CVs/resumes for recruiters.

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform.

Open access publishing startup DeSci Labs has won the Best Automation & Data Innovation – Organisation prize at this year’s Lab Awards, held at Lab Innovations 2024. The award recognises the innovation behind DeSci Publish, the world’s first open science publishing infrastructure based on Web3 technology.