London-based Prevalent AI has secured 16.1 million pounds in growth investment from Los Angeles-based Integrity Growth Partners. This marks the first primary capital raised by the firm, which provides AI-powered
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Official figures indicate that business investment in digital infrastructure has nearly doubled over the past five years, rising from £6.3bn in 2019 to approximately £11.6bn in 2024. This significant increase
HexSeed Technology has secured more than £600,000 in early-stage funding to expand its low-temperature diamond coating technology. The Scottish semiconductor materials startup aims to use the investment to prevent overheating
Nationwide has cautioned that the financial benefits of workplace artificial intelligence remain difficult to measure, even as the building society expands its deployment of the technology to approximately 16,000 employees.
The United Kingdom government has confirmed the appointment of two senior executives to the leadership team of its AI Security Institute. Henry de Zoete has been named as the new
Starling Bank has rolled out a new suite of artificial intelligence features within its mobile application, enabling customers to build and utilise custom smart tools. This initiative integrates these capabilities
Ashtead Technology has issued a cautionary update indicating that its full year revenues are expected to fall approximately five percent below current market consensus. The Aberdeen based firm attributed this
AT&T has reduced the expenses associated with coding and other advanced artificial intelligence tasks by as much as 56 per cent. The telecommunications company achieved these savings by implementing tools
Medly AI, an education technology company that describes itself as the developer of the world’s first artificial intelligence tutor for exam preparation, has raised $8m, equivalent to £5.9m, to expand
Junior white-collar workers are bearing the brunt of artificial intelligence related hiring pressures, according to new research from Goldman Sachs. The Wall Street bank’s analysis indicates a widening gap between
A new artificial intelligence growth zone in Lanarkshire has secured a £300m infrastructure financing package. The deal is backed by the National Wealth Fund and coincides with the announcement that
Tesco is piloting an artificial intelligence tool that moves beyond suggesting individual products to constructing entire shopping baskets for customers. The meal-planning assistant, developed in partnership with the British AI
Meta chief executive officer Mark Zuckerberg released a lengthy essay this week outlining an optimistic outlook for the future of technology. In the document, he argues that everyone will eventually
OpenAI has disbanded its preparedness team at the end of last month, marking another significant restructuring within its safety division as the company prepares for a planned initial public offering.
Dario Amodei, the chief executive of Anthropic, has rejected suggestions that his warnings regarding artificial intelligence represent an excessively pessimistic outlook on the technology’s future impact. His comments emerged following
Oracle faces delays in its massive data centre expansion due to issues with gas pipeline infrastructure, highlighting a critical bottleneck at the heart of the artificial intelligence boom. While tech