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Zilch secures £30m loan facility, favouring debt over equity. The London fintech, based in Victoria, has agreed a £30m facility with US Bank. This follows a £100m debt facility with Deutsche Bank last year and £20m Series D funding in 2023.
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TikTok’s U.S. ownership deal raises more questions than answers. A framework struck between Washington and Beijing promises to put American investors in charge of the app’s U.S. operations, but control of its algorithm and data remains unresolved.
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US and China reach framework for TikTok ownership shift. A draft agreement would see American investors take control of the app’s US business, extending a deadline for divestment and easing fears of a nationwide ban while leaving key questions unresolved.
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Manchester startup zally relocates headquarters to San Francisco. Following a £2.8 million funding round, zally is moving its base to San Francisco to enhance its presence in the AI ecosystem. Manchester remains a key operational hub for the company….
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One in four organisations faced AI data poisoning this year. IO’s latest State of Information Security Report reveals how rushed adoption and shadow AI are exposing companies to sabotage, fraud, and compliance risks across the UK and US.
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Huawei has unveiled its first full roadmap for chips. The Chinese technology group outlined upgrades to its Ascend processors and Atlas supercomputers, aiming to cut reliance on foreign suppliers and challenge Nvidia’s AI dominance. The plans extend to 2028 but face significant production hurdles.
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Lloyds Banking Group has signed a new multi-year deal with Broadcom. The agreement expands its use of VMware Cloud Foundation and mainframe software to modernise private cloud and strengthen digital banking services for millions of customers.
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Nvidia has revealed a major investment of up to £11 billion into the UK’s AI ecosystem. This project aims to create the largest GPU cluster in Europe by 2026, utilising 120,000 of Nvidia’s most recent Blackwell Ultra chips in new data centres.
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Microsoft will invest £22 billion in UK artificial intelligence. The plan includes a national AI supercomputer, expanded cloud infrastructure, and thousands of new processors, with the government forecasting more than 5,000 jobs and major regional growth in the North East of England.
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LNER warns passengers after supplier breach exposes data. London North Eastern Railway (LNER) advises customers to stay alert following a cyber-attack on a third-party supplier, which revealed contact details and some journey history. No financial data or ticketing systems were compromised.
