London tech startup Oriole bags £10m seed funding for rapid AI training March 27, 2024 London tech startup Oriole Networks has secured £10m in a seed round to support its mission to speed up the training of AI models.
Ocado: Marks-linked grocery tech giant cheers bumper online Christmas orders January 16, 2024 Ocado Retail, the grocery delivery service owned in a joint venture with Marks and Spencer, said it would return to positive EBITDA for the full year, as customers fall back in favour with the brand
Tech bosses and finance CEOs are using holograms to be in two places at once August 8, 2023 C-suite execs have started using holograms powered by artificial intelligence to attend board meetings and events while remaining physically in other locations – for as much as £35,000. Mike Blackman, the managing director of Integrated Systems Europe, an annual audiovisual conference, was one of the first to test the technology. While at a conference in [...]
HSBC in tech push as boss Noel Quinn suggests acquisitions spree August 1, 2023 HSBC will launch a new joint venture with B2B fintech firm Tradeshift as boss Noel Quinn said more bolt-on acquisitions could be in the offing to develop its appeal to tech firms. As part of the new venture, announced this morning, HSBC will invest $35m into Tradeshift. The investment will be made in two parts [...]
Polar Capital: Tech stocks remain attractive despite high valuations and market headwinds December 12, 2023 Polar Capital Technology, the tech-focused investment trust, said today that it believes global tech stocks remain attractive despite their recent performance
Big tech and banks conspire in new scheme to combat fraud May 23, 2023 An alliance of banks, tech companies and telecoms groups are set to pilot a new scheme to collect information on scammers as attempts to tackle the UK’s fraud epidemic step up a notch. The new group, Stop Scams UK, has members including the UK’s largest incumbent banks, challenger banks, telecoms providers and big tech firms. [...]
One third of tech giants under digital services tax faced investigations by HMRC December 4, 2023 One third of tech giants that pay the UK’s new digital services tax have already been subjected to checks by HMRC, says national law firm Pinsent Masons. The digital services tax was introduced at the 2020 Budget in a move to ensure tech giants pay their fair share of tax, as they would be charged [...]
London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
Ocado Solutions: Grocery giant’s tech solutions division chief is retiring July 27, 2023 The chief of Ocado’s technology solutions division will retire in September, leaving a new man at the top of the occasionally embattled firm’s most vital division. Luke Jensen will quit the role of executive director and CEO of Ocado Solutions, with John Martin, currently a non-executive director, made the new chief executive. This comes as [...]
British tech firm Nanoco plans to buyback half of its shares following Samsung settlement March 27, 2024 British nanotechn company Nanoco has swung to a profit after shipping its first commercial orders and settling a major lawsuit with Samsung.