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UK retains fintech dominance despite global investment drop

UK retains fintech dominance despite global investment drop The UK retained its European dominance in fintech last year despite global investment in the industry decreasing in 2022.

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Amazon UK to shut down three warehouses employing 1,200 staff

Amazon UK to shut down three warehouses employing 1,200 staff Amazon has announced it will close three of its UK-based warehouses that collectively employee around 1,200 workers.

First-Ever UK Satellite Launch Ends In Failure

First-Ever UK Satellite Launch Ends In Failure | Silicon UK Tech First-ever satellite launch from UK soil ends in failure after 'anomaly' affects Virgin Orbit LauncherOne rocket

QV Bioelectronics gets £2m boost for brain tumour treatment

QV Bioelectronics gets £2m boost for brain tumour treatment Cheshire medtech firm QV Bioelectronics has been granted a boost to its brain tumour treatment development in the form of a £2m investment.

Three ways businesses are already using generative AI

ChatGPT: How are businesses using generative AI? UKTN has looked at the ways firms can use generative AI tools to see if there is scope for the technology to make a real impact on businesses.

Third prime minister’s the charm? Sunak revives Arm IPO talks

Third prime minister’s the charm? Sunak revives Arm IPO talks Prime Minister Rishi Sunak has revived talks with semiconductor company Arm in the hopes of securing an IPO in London.

Insurtech Superscript starts year with £45m fundraise

Insurtech Superscript starts year with £45m fundraise Insurtech firm Superscript has completed a £45m Series B funding round, in one of the first major UK tech investments of 2023.

Virgin Orbit launch: Everything you need to know about historic Cornwall rocket mission

Virgin Orbit Cornwall launch: Everything you need to know Virgin Orbit has been given the go-ahead for the first orbital launch from the UK with the initial launch window starting from today at 22:16.

Government launches £7m freight tech fund

Government launches £7m freight tech fund The government has made £7m in funding available to businesses developing tech that decarbonise the freight sector.

UK has 'laser' focus on supporting tech firms expanding into South-east Asia

UK has ‘laser’ focus on supporting tech firms expanding into South-east Asia THE new year is fast shaping up to be an eventful one for Britain as it continues to deepen its involvement and presence in Singapore and across the Asia-Pacific region, especially on the trade front. Read more at The Business Times.

Medical imaging company Perspectum raises £30m

Medical imaging company Perspectum raises £30m Perspectum has closed $36m (£30.4m) in its first round of Series C funding led by Oppenheimer Holdings for its medicinal technology.

Re:store acquires former Made.com brand Trouva

Re:store acquires former Made.com brand Trouva The ownership of ecommerce brand Trouva has changed hands once again as online shopping brand Re:store has acquired the business from Next.

Why increasing early-stage investment limits will turbocharge UK startups

Why increasing early-stage investment limits will turbocharge UK startups Opinion: Increasing the early-stage investment limits for UK startups will help them stay competitive during a challenging economic period.

Revealed: Cambridge chip startup Flusso acquired by Chinese firm

Revealed: Cambridge chip startup Flusso acquired by Chinese firm Cambridge-based semiconductor company Flusso is now fully under Chinese ownership, following its acquisition in August last year.

Northern Gritstone hires Nottingham spinout chief as investment director

Northern Gritstone hires Nottingham spinout chief as investment director Northern Gritstone has appointed Andy Naylor, the former CEO of Nottingham Technology Ventures, as its newest investment director.

Markets/Coverage: TBEN Hardy offers enhanced product suite for UK tech companies

Markets/Coverage: TBEN Hardy offers enhanced product suite for UK tech companies - The Bharat Express News TBEN Hardy, a specialist commercial insurance provider serving customers within the Lloyd's and corporate markets, has announced the latest addition to

Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses

Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd's and company markets, announced the latest addition to its specialist

Court Rules Celsius Network Owns Customer Crypto Assets

Celsius Network Customer Crypto Assets | Silicon UK Tech News Legal setback for customers of bankrupt Celsius Network, after US judges rules firm owns most of the deposited cryptocurrency

Arm’s automotive chip revenue doubles

Arm’s automotive chip revenue doubles The automotive chip segment of Arm has become one of its fastest-growing markets, having doubled its revenue since 2020.

Oxford-based Open Cosmos’ satellite hitches ride on SpaceX rocket

Open Cosmos nanosatellite hitches ride on SpaceX rocket A nanosatellite from Oxford-based Open Cosmos onboard the SpaceX Transporter-6 mission has successfully made contact.

RICHARD ELLS TO JOIN BOARD OF THE UK’S BLOCKCHAIN PARLIAMENTARY GROUP

Richard Ells to join UK's Blockchain Parliamentary Group The UK government has announced plans to position the country as a global hub for cryptoasset technology and investment, recognizing the potential impact of

Apple Raises Battery Replacement Costs For Older iPhones

Apple Battery Replacement Costs iPhones | Silicon UK Tech News Attempt to encourage users to upgrade to newer iPhone models? Apple raises cost of replacing an out-of-warranty iPhone battery

The UK’s answer to ChatGPT? 4 British generative AI startups to watch

The UK's answer to ChatGPT? 4 British generative AI startups to watch ChatGPT may be on everyone’s mind at the moment, but there are plenty of generative AI projects coming out of the UK worth keeping an eye on.

Silicon UK In Focus Podcast: The Data Dividend

Silicon UK In Focus Podcast: The Data Dividend | Silicon UK Tech News Is the latest drive to use data to deliver tangible change across public services likely to succeed? And how can your business take advantage of the data dividend?

UK tech leaders recognised in New Year Honours List 2023

UK tech leaders recognised in New Year Honours List 2023 A number of people in the UK tech space including the likes of Birmingham Tech and Tech Nation are on the New Year Honours List for 2023.