UKs
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Blog
The UK’s science funding agency is being bombarded with cyber attacks
UK Research and Innovation (UKRI), the UK’s national funding agency for science and research, has been hit by 5.4 million cyber attacks this year, six times as many as last year. According to freedom of information requests from the Daily Express, 236,400 of these were phishing attacks designed to trick staff into handing over sensitive information. Another 11,200 were malware…
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The UK’s ICT sector struggling with technical debt
Innovation in the information and communication technology (ICT) sector is being fuelled by technical debt, making it one of the top three most indebted industries in the UK. Thanks to surging demand for AI, IT services, software, and semiconductors, the global ICT market is set to grow by between 5.7% and 7.6% CAGR over the next three years, according to…
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Compute drives success for UK’s deep tech sector
The UK’s deep tech sector is booming, pulling in £32 billion in equity investment between 2015 and 2024, driven largely by compute. According to a new report from AlbionVC and data platform Beauhurst, this sub-sector – comprising quantum, photonic, neuromorphic, and semiconductor technologies – saw investment grow from £3 million in 2015 to £284 million in 2024, with the total…
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‘We’re bringing in time efficiencies that weren’t there before’: How NetApp is transforming data analysis for UK’s ‘Poseidon’ surveillance aircraft
The waters off the northern coast of Britain are unforgiving and critical in equal measure, with the North Sea a region of huge importance to the UK’s national security. During the Cold War, the North Sea and the skies above were the frontline in the UK’s decades-long tussle with the Soviet Union. It was not only a route for incoming…
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Osney Capital unveils UK’s first seed fund for cybersecurity startups
VC firm Osney Capital has launched the UK’s first specialist cybersecurity seed fund in a bid to drive funding for startups at the seed and pre-seed stage. A total of 30 firms will receive between £250,000 and £2.5 million, with the possibility of follow-on investments in Series A rounds. The fund is oversubscribed from its original target of £50 million.…
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Tech giants called in to help tackle UK’s AI energy concerns
The UK government is holding talks with Microsoft, ARM, Google, and Amazon in the first meeting of the new AI Energy Council. Announced in January, the aim of the AI Energy Council is to make sure that the country’s big AI push has the energy supply to power it. The meeting, which will also include the National Energy System Operator…
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Quantexa, one of the UK’s leading AI stars, just raised $175 million
Quantexa, one of the rising stars of Britain’s burgeoning AI sector, plans to accelerate international growth after securing $175 million in a Series F funding round. The investment round, led by Teachers’ Venture Growth (TVG), values the firm at $2.6 billion and saw participation from existing investors such as Dawn Capital, Evolution Equity Partners, AlbionVC, and HSBC. Quantexa specializes in…
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The UK’s AI ambitions face one major hurdle – finding enough home-grown talent
While government plans to create 13,000 jobs as part of its AI Action Plan have been welcomed, researchers have raised concerns over a potential lack of skilled labor to meet growing demand in the industry. AI positions are among the hardest for organizations to fill, according to a study from HR platform Deel, with nearly a quarter of enterprises revealing…
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UK’s new Cyber Monitoring Centre wants to create a digital Richter scale for cyber attacks
A new Cyber Monitoring Centre (CMC) has been launched in the UK to help measure the severity of cyber threats and their potential impact on organizations in the region. The CMC is an independent nonprofit organization set up by the UK insurance industry to boost trust in the cyber insurance market and improve the nation’s understanding and response to cyber…
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Public sector improvements, infrastructure investment, and AI pothole repairs: Tech industry welcomes UK’s “ambitious” AI action plan
The UK government has officially unveiled its AI Opportunity Action Plan, promising a greater focus on the opportunities of the burgeoning technology rather than the risks. Under the new industry focus, the Labour government plans to implement all 50 recommendations set out by Matt Clifford in his AI Opportunities Action Plan, commissioned by technology secretary Peter Kyle last year. Announcing…
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