Government urged to prioritise UK tech amid US investment surge September 30, 2025 UK cloud provider Civo has launched its ‘tech sovereignty agenda’, urging the government to place greater emphasis on domestic technology amid an unprecedented wave of investment from US tech giants. The agenda calls for a reassessment of the UK’s approach to innovation, advocating for a balance between benefiting from global technology while ensuring that critical [...]
‘It’s risky to be in the UK’ – Cleo founder on unicorn status and City regulation September 30, 2025 Nine years ago entrepreneur Matt Clifford took a data scientist to a “terrible pub” to convince him to drop his PhD and create his own start-up. “You may as well just take the risk, the biggest risk is not taking the risk,” Clifford told a young Barney Hussey-Yeo. Almost a decade later in 2025, Hussey-Yeo [...]
Merge London Stock Exchange and Nasdaq to save City market, says fintech boss September 26, 2025 The boss of a UK-born fintech unicorn has called for the London Stock Exchange (LSE) to merge with New York’s Nasdaq in a bid to save the City market’s future prospects. “It’s completely broken,” Barney Hussey-Yeo, founder of AI fintech Cleo, told Morning Wire when asked about the recent string of delistings. Hussey-Yeo, a data [...]
UK Treasury questions OpenAI, Microsoft, Meta over AI in financial services September 18, 2025 The Treasury Committee has sent letters to six major technology firms, including OpenAI, Microsoft, Meta, and Amazon, seeking detailed information about the role they play in providing AI services to the UK financial sector. The correspondence is part of the Committee’s inquiry into AI in financial services, ahead of forthcoming sessions with regulators and HM [...]
Trump visit brings ‘historic’ £30bn investment into UK tech and AI September 16, 2025 Microsoft has announced its largest ever UK investment, pledging £22bn to expand AI infrastructure and build the country’s largest supercomputer, as president Donald Trump touched down in London for his state visit. The commitment forms part of a wider US-UK Tech Prosperity Deal, encompassing £31bn of American investment across AI, quantum computing, and advanced nuclear [...]
Two in five financial services firms lack safe AI controls September 11, 2025 As the financial services industry piles billions of pounds into artificial intelligence (AI), firms are lacking adequate measures to maintain safe usage, according to new figures. Fresh data from Big Four accountancy giant EY reveal 26 per cent of companies have no or limited controls in place to ensure AI systems adhere to laws and [...]
Kendall faces tough test to rescue UK’s broken AI policy September 5, 2025 Liz Kendall is expected to replace Peter Kyle as science and tech secretary in a major reshuffle by Keir Starmer, inheriting one of the government’s most urgent briefs: artificial intelligence. Kyle is reportedly moving to the Department for Business, with the skills brief carved out of the Department for Education. His departure from the tech [...]
UK firms race into AI as Peter Kyle urges regulators to keep pace September 5, 2025 Tech consultancy firm Capgemini has urged that, despite businesses racing to roll out generative artificial intelligence (genAI), most remain aptly unprepared for the governance challenges it will bring. This warning comes just as the UK government leans on the technology to sharpen its competitive edge and cut red tape. The French consultancy’s AI survey, published [...]
Peter Kyle sets out tech growth plan as UK AI sector hits £2.9bn September 3, 2025 Technology secretary Peter Kyle has pitched the UK as a “global magnet” for innovation in his keynote speech at Mansion House on Wednesday evening. His pledge comes as investment in British AI companies hit record levels last year. Figures released alongside his address confirm that private investment in UK AI firms reached £2.9bn in 2024, [...]
Peter Kyle pushes AI regulation changes to support UK businesses September 3, 2025 Technology secretary Peter Kyle will use his speech at Mansion House tonight to urge UK regulators to adopt AI in a bid to cut approval times for businesses, as Britain seeks to keep pace in the global race for tech leadership. Kyle is set to pledge £2.7m in government funding to help regulators trial AI [...]