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London has relinquished its status as the world’s foremost center for scientific and technological innovation. A report has issued a serious alert about the City’s declining international prominence. The UK’s capital has been surpassed by San Francisco and Zurich, which gained 16 and 6 points respectively. Conversely, London saw a drop of three points, resulting…
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Sportswear giant Adidas is the latest retailer to suffer a cyberattack targeting customer data, highlighting escalating risks in the retail sector.
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Dragons’ Den celebrity Steven Bartlett has declared the “largest deal of his career” after securing a partnership with a US tech company. The businessman shared that he has finalized a “significant, double-digit equity investment agreement” with the Los Angeles-based company Stan Store. Stan Store, headed by CEO John Hu, who established the company in 2021,…
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A fresh initiative has been introduced to boost AI cooperation throughout Europe, expanding upon the recent accord between the UK and the EU. This collaboration encourages leading UK public research organizations to apply to serve as the UK’s conduit to Europe’s most cutting-edge supercomputing facilities, essential for hastening AI advancements. After negotiations facilitated by the…
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University of Cambridge leaders have issued a stark warning that the UK risks falling behind in the race to commercialise world-class research unless it does more to support academic spin-out companies struggling to scale. Read more: Cambridge warns UK must scale up investment to turn spin-outs into global success stories
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Former BBC executive and TV presenter Alan Yentob has died at the age of 78, his family has announced.
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The long-awaited Oasis reunion is set to deliver a remarkable £426.3m boost to London’s economy, with fans across the UK set to spend over £1bn. New data from Novuna Personal Finance found that the band’s sold-out, seven-night residency at Wembley Stadium will attract more than 630,000 fans to the capital, with each night forecast to…
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OpenAI has unveiled a significant advancement in consumer hardware through its acquisition of io Products, a startup co-founded by former Apple chief designer Sir Jony Ive and OpenAI CEO Sam Altman. This deal, reportedly valued at $6.5 billion (£5.1 billion), allows OpenAI to fully oversee the company, marking an important milestone as the AI organization…
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The company behind crisps brand Seabrook has warned Chancellor Rachel Reeves’ Autumn Budget tax hikes will have an impact on its bottom line this year. The Cheshire-based UK arm of Japanese giant Calbee pointed to the increase in the National Living Wage and employers’ National Insurance contributions, which came into affect in April, as key…
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The software mergers and acquisitions (M&A) market in the UK has surged to unprecedented levels, cementing the country’s status as a significant force in the European tech investment landscape. A recent analysis from consultancy BearingPoint Capital indicates that £13.2bn was invested across 420 deals in the past year—a 27 percent year-on-year rise propelled by the…