British AI start-up in talks over landmark deal that could value it at $8bn as driverless car race accelerates
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SoftBank selling stake in dog-walking app Wag after bad year
Technology giant SoftBank has reportedly agreed to sell its stake in dog-walking app Wag.
Japan’s SoftBank to buy iPhone chip maker ARM in £24bn acquisition of Britain’s biggest tech company
ARM Holdings, Britain’s biggest listed technology company, has agreed to be acquired by the Japanese conglomerate SoftBank for £24.3bn.
OpenAI’s flagship UK data centre hits the buffers in blow to Starmer’s AI ambitions
OpenAI’s flagship Stargate data centre in Tyneside has stalled with no updated timeline, casting doubt over the government’s AI infrastructure ambitions and Keir Starmer’s growth agenda.
Investment in Wayve gives UK ‘seat at the table’ in global robotaxi race
The British Business Bank has invested £25m in Wayve’s $1.5bn funding round, valuing the UK autonomous driving firm at $8.6bn and securing Britain a stake in the global robotaxi race.
Amazon in talks over $50bn investment in OpenAI as AI arms race accelerates
Amazon is in early talks to invest up to $50bn in OpenAI, as the ChatGPT maker seeks up to $100bn in funding at a valuation of around $830bn amid intense Big Tech competition.
Reeves set to back self-driving car firm with tens of millions in taxpayer funding
Rachel Reeves is preparing to channel tens of millions from the National Wealth Fund into Oxa, the Oxford-founded self-driving technology firm, as Labour accelerates autonomous vehicle plans.
The £9bn British Industry That Turned a Lockdown Side-Hustle into Champagne Money
In March 2020, three twenty-somethings in a cramped Shoreditch flat pointed a £200 webcam at a borrowed roulette wheel and pressed “Go Live”.
OpenAI surpasses SpaceX with $500bn valuation after $6.6bn share sale
ChatGPT maker OpenAI has overtaken Elon Musk’s SpaceX as the world’s most valuable startup, hitting a $500bn valuation after employees sold $6.6bn of shares to major global investors.
Nvidia to invest $500m in UK self-driving start-up Wayve
Nvidia will invest $500m in UK-based Wayve, boosting AI mobility innovation as part of wider funding pledges including Revolut and Synthesia during Trump’s UK visit.
What is Stargate UK? Britain’s new AI supercomputer project explained
When ministers and tech executives hailed Microsoft’s £22 billion UK investment package, one project stood out from the dense jargon of “compute capacity” and “data infrastructure”: Stargate UK.
Microsoft commits £22bn to UK supercomputer as Big Tech unveils £31bn investment blitz
Microsoft is investing £22bn to build Britain’s biggest AI supercomputer and expand UK data centres, part of £31bn in US Big Tech funding unveiled during Trump’s state visit.
London IPO market could thrive as US instability mounts, says Zopa chief
Zopa CEO Jaidev Janardana says London’s political stability could boost its appeal for IPOs as US markets face growing uncertainty. Read more on why Zopa may favour a UK float over New York.
OpenAI nears record-breaking $40bn funding deal as valuation doubles
OpenAI is poised to secure nearly $40bn in new investment—doubling its valuation to around $340bn.
Cambridge-based CMR Surgical secures FDA approval for revolutionary portable surgical robot
Cambridge’s CMR Surgical gains FDA approval for its Versius robotic system, paving the way for US sales. The system assists in surgeries, including gallbladder removals.
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