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NATO invests £865M in European tech companies

A consortium of NATO allies has announced the initial round of European companies receiving funding from its £865 million ($1.1 billion) innovation fund. The NATO Innovation Fund (NIF) said it... Read More


Germany commended for AI vision by intergovernmental organisation

The Organisation for Economic Co-operation and Development (OECD) found Germany was a world-class environment for artificial intelligence (AI). The OECD study called ‘Artificial Intelligence Review of Germany’ praised Germany’s economy... Read More


French AI start-up Mistral AI raises £500M in funding

In a Series B funding round, Paris-based artificial intelligence (AI) start-up Mistral AI raised £500.9 million ($640 million), reaching a valuation of £4.6 billion ($6 billion). Led by General Catalyst,... Read More


Meta announces plan to train AI on European social media posts

Facebook parent company, Meta, has announced they are seeking to use social media posts in the European Union to train its own generative artificial intelligence (GenAI) model. The Meta-owned Llama... Read More


Oracle expects double-digit revenue growth amidst AI demand

Oracle has announced that it expects revenue for fiscal 2025 to grow in double digits, surpassing analysts’ estimates.  This forecast, driven by strong demand for its artificial intelligence (AI) powered... Read More


Apple first to reach $1 trillion brand value, finds report

Apple has become the first brand to surpass $1 trillion (£783.2 billion) in brand value, marking a 15% increase from last year, according to Kantar’s BrandZ global ranking. The consulting... Read More


Ex OpenAI and Google Deepmind employees push for improved AI safety guidelines

Former employees at artificial intelligence (AI) companies OpenAI and Google Deepmind have signed an open letter warning of the lack of safety oversight within the industry. In the open letter,... Read More


Cisco launches £782m fund for AI startups

Cisco has launched a £782 million ($1 billion) artificial intelligence (AI) fund to invest in AI startups. The company, through its investment division, is investing in Cohere, Mistral AI, and... Read More


HCLTech and Arm partner to create custom silicon chips for AI data centres

HCLTech, a leading global technology company, has announced a collaboration with Arm. The partners will collaborate on the creation of custom silicon chips for use in AI processing. According to... Read More


OpenAI announces creation of safety and security committee

US-based AI research organisation OpenAI, best known for its ChatGPT system, has established a new Safety and Security Committee. Led by notable board members, including CEO Sam Altman, the Committee... Read More


Elon Musk’s xAI Raises £4bn in Series B Funding

Elon Musk’s artificial intelligence (AI) startup, xAI, has raised £4 billion ($6 billion) in series B funding round. This funding round has brought the company’s total valuation to £18.8 billion... Read More


UK Government announces funding for AI safety research initiatives

The UK Government has announced the UK will offer grants to researchers to study how to protect society from artificial intelligence (AI) risks like deepfakes. The funding is also intended... Read More


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