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Deliverance AI exits stealth with £6m ARR to run agentic AI inside companies’ own walls

Enterprise AI has a stalling problem, and it is not the models. Companies have poured money into chips, private clouds, and pilot projects, then watched most of them stop before they ever reached production. A London company called Deliverance AI thinks it knows why, and on Tuesday it came out of stealth to sell the […]

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The UK just signed an AI deal with ElevenLabs to make government services accessible in any language and any voice

The UK government and ElevenLabs have signed a memorandum of understanding to explore how voice AI can improve public services, deepen safety research, and build AI talent in the UK. The MoU, signed by AI Minister Kanishka Narayan and ElevenLabs CEO Mateusz Staniszewski, was published on Sunday by the Department for Science, Innovation and Technology. ElevenLabs, which […]

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The UK just collected billions in AI pledges on day one of London Tech Week

London Tech Week opened the way these events increasingly do: with a leaderboard of investment pledges. By the end of the first morning, the UK had collected several billion pounds in AI commitments, most of it aimed at the unglamorous machinery of compute. Prime Minister Keir Starmer kicked off the keynotes with a new national […]

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Uber opens a London waitlist for Wayve robotaxis as the UK’s driverless race kicks off

London’s robotaxi era is starting with a sign-up form. Uber has opened a waitlist for Londoners who want to ride in a self-driving car, the clearest sign yet that driverless taxis are about to reach the capital’s streets. The rides will be powered by Wayve, the London-based self-driving startup, under a partnership in which Uber […]

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A UK startup just raised $18.5 million to fly satellites where nobody else can

Between commercial aircraft at 10km and conventional satellites at 500km lies a band of near-Earth space that has never been used commercially. Very low Earth orbit, or VLEO, sits at 200 to 300km, an altitude historically reserved for spy satellites and the International Space Station. Reading-based NewOrbit announced on Monday an oversubscribed $18.5 million Series A to […]

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UK plans to buy AI chips from British firms to stop them leaving for the US

The UK government will offer to buy AI chips directly from British technology companies in a bid to keep them in the country. Technology Secretary Liz Kendall will outline plans for “strategic purchases” of semiconductor equipment from UK-based firms at London Tech Week this week, the Telegraph reported. The initiative includes access to taxpayer-backed funding […]

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Bank of England governor warns AI may need to be rationed because of energy limits

Bank of England Governor Andrew Bailey warned on Friday that artificial intelligence may need to be rationed because the power supply cannot keep up with its capabilities. He said companies and governments face “very big social choices” as energy constraints force trade-offs between sectors. The question is not whether AI can do more, but whether […]

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UK forces Google to let publishers opt out of AI search results without losing their ranking

For months, publishers have faced a binary choice with Google: let AI Overviews summarise your content at the top of the search page, sending less traffic to your site, or disappear from Google entirely. As of Wednesday, that choice no longer applies in the UK. The Competition and Markets Authority has ordered Google to give publishers the […]

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UK venture funding doubled to $10.5bn in the first four months of 2026, on the back of three giant rounds

GlobalData’s count puts the country well clear of the rest of Europe and inside the global top five, but more than 40% of the total came from just three companies: Nscale, Wayve, and Ineffable Intelligence. UK-domiciled companies raised $10.5bn of venture capital between January and April 2026, roughly double the figure for the same period […]

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Eighteen48 raises EUR175 million to back the private equity deals no one else sees

  Eighteen48 Partners, the London-based alternative asset manager co-founded by Julien Sevaux, Tarek AbuZayyad, and Edward Clive, has closed €175 million for the first tranche of its inaugural private equity fund. The fund is targeting €350 million in total and will back mid-market buyouts across Europe, sourced exclusively through independent sponsors, dealmakers who find and […]

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