Wayve secures $200m to drive autonomous vehicle tech January 18, 2022 Autonomous vehicle tech firm Wayve has announced a $200m funding injection as it looks to ramp up development of its new AI technology. The King’s Cross-based firm has secured investment from long-term backer Eclipse Ventures, which led the round, with additional backing from firms including D1 Capital Partners and Baillie Gifford and additional support from [...]
Exclusive: Home tech firm SharkNinja backs London with Battersea Power Station office May 12, 2022 US home technology firm SharkNinja has snapped up a new office inside the Battersea Power Station, in a vote of confidence for the capital. The Boston-based company, which produces vacuums and kitchen appliances, told CityA.M. it will take up 25,000 square foot of space in the south-London development. After putting down roots in the UK [...]
US climate-tech startup plants dual HQ in London in a bid to woo Europe April 6, 2022 US climate-tech startup Watershed has planted a dual headquarters in London, in a bid to woo Europe. The San Francisco-based firm, backed by former US vice president Al Gore, has already partnered with tech heavyweights such as Klarna, Monzo, Wise and Revolut. Watershed, a software platform that helps companies with their net-zero emissions targets, has [...]
AI and Big Data to be ‘most disruptive’ tech in pharma industry in 2022 February 10, 2022 AI and Big Data as a powerhouse duo will be the ‘most disruptive’ emerging technology in the pharmaceutical sector in 2022. This year is anticipated to be studded with high-figure tech deals within the healthcare space, after hailed Covid-19 vaccine maker AstraZeneca and BenevolentAI expanded their drug discovery partnership just weeks ago. “Undoubtedly AI [...]
FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay July 16, 2024 It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
London consumer tech firm bags $70m to pump into product design March 9, 2022 London-based earphone maker Nothing has bagged a $70m funding round today to pump into product development as it opens up a new design hub in the capital.
The City View: January 18: A bumper tech deal and aviation January 18, 2022 Today Andy Silvester is joined by Skytra’s Co-Founder and Chief Sales and Marketing Officer Elise Weber, and by City A.M.’s Leah Montebello for news about a mega-deal struck between Microsoft and Activision Blizzard. Andy also takes us through the headlines, including news about the impact inflation is having on Britons’ wallets and a warning by [...]
Big Tech face UK legal duty to prevent fraudulent scams online March 8, 2022 The government are set to introduce new legal duty on big tech to prevent paid-for fraudulent ads appearing on their services. The change will improve protections against fake ads, including where criminals impersonate celebrities or companies to steal people’s personal data, peddle dodgy financial investments or break into bank accounts. As part of the government’s [...]
Alphabet exec warns skill shortages could stunt economy as UK vows to become ‘global tech superpower’ June 18, 2022 Alphabet chief financial officer Ruth Porat has warned ongoing digital skill shortages risk stunting economic growth.
Binance Labs closes $500m investment boost for blockchain, Web3, ‘value-building’ tech June 1, 2022 Binance Labs, the venture capital and incubation arm of crypto exchange Binance, has closed its new $500 million investment fund.