The British Business Bank has committed $20m to Ineffable Intelligence, the London-headquartered artificial intelligence venture, as part of a landmark $1.1bn seed round that ranks as the largest in European history. In a move that…
Business
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The 50-strong flooring chain backed by Sir Richard Harpin’s Growth Partner has appointed restructuring advisers, raising the prospect of store closures and redundancies as the cost-of-living squeeze continues to drag on consumer spending. Flooring Superstore,…
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Ministers are turning up the heat on Britain’s biggest companies to fortify their cyber-defences, warning that a new generation of artificial intelligence tools, including Anthropic’s controversial Mythos model, risks unleashing a fresh wave of sophisticated…
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Britain’s technology industry is bleeding female talent at an alarming rate, with nearly 90 per cent of women abandoning the sector within ten years of joining, according to fresh research from Akamai that lays bare…
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Business
Starmer urged to chair new cabinet committee on economic security as supply-chain shocks bite
Sir Keir Starmer is facing fresh calls to spearhead a new cabinet committee charged with shielding British businesses from the mounting cost of global economic shocks, after one of the country’s most influential lobby groups…
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More than 300 pubs, bars and restaurants have served their last pint and plated their last cover since the start of the year, as Britain’s licensed trade groans under the combined weight of higher wage…
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Jamie Oliver has launched a withering attack on the government’s tax treatment of British entrepreneurs, warning that ministers are “battering” the very people who power the country’s hospitality sector and risk turning Britain into an…
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Business
British deep-tech start-up loc.ai raises £1m to break SMEs free from the cloud’s ‘inference tax’
A British deep-tech start-up promising to liberate AI-powered businesses from spiralling cloud bills has secured £1 million in pre-seed funding, in a deal that points to one of the most pressing margin headaches facing the…
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A British-backed robotics start-up promising to replace ageing offshore vessels and crews with always-on underwater machines has emerged from stealth with $5m (£3.95m) in pre-seed funding, signalling fresh investor appetite for so-called “physical AI” plays…
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The taxman has been forced into a tactical retreat over a contentious VAT levy on free medicines supplied to seriously ill patients, after Britain’s pharmaceutical heavyweights warned the policy was jeopardising the country’s standing as…