News
Tech giants such as Google and Facebook could face multimillion-pound tax bills if they don’t do more to combat extremism.
Speaking to the The Sunday Times, Ben Wallace, the UK’s security minister, accused tech firms of being “ruthless profiteers” and said they were failing to help security services to identify terrorists and eradicate online extremism.
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ProFinda, an AI platform which maps organisations’ talent pools, has raised £4.8m from investors.
Backers in the round included Notion Capital and Nextlaw Ventures.
Speaking about the fundraise, Roger Gorman, CEO of ProFinda, said: “Our work is helping to disrupt the future of work landscape. ProFinda’s latest investment puts us in a powerful position to continue to deliver our fast-paced and ambitious roadmap.
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Muscle Food, a UK-based healthy eating company, received a £10m investment from BGF.
BGF, which has backed close to 200 companies in the UK & Ireland, has taken a minority equity stake in the group.
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Using their DeepMind artificial intelligence (AI), Google’s Alphabet AI research lab developed a synthetic speech system called WaveNet back in 2016. The system runs on an artificial neural network that’s capable of speech samples at an ostensibly better quality than other technologies like it. The voice of AI is becoming more human-like, so to speak. WaveNet has since been improved to work well enough for Google Assistant across all platforms.
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Where will the trajectory of the tech world, from cryptocurrencies to Silicon Valley culture, take us in 2018?
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Every year, the Queen's New Year's Honours list awards people in the UK who have made important contributions to society, including everything from charity, to journalism, and technology.
This year, the New Year's Honours list includes 16 people from the world of tech. The list features everyone from an artificial intelligence pioneer, a cybersecurity expert, and a pioneering investor.
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Clubhouse was launched in early 2016, is designed to remove the drudgery that developers feel when they use software project management software, all the while increasing every engineer’s visibility into their company’s top level goals and development milestones.
The company just got a boost to bring that hopeful vision to development teams across the world, securing a $10 million series A investment from Battery Ventures investor Neeraj Agrawal, who will also be joining the company’s board.
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Today, CB Insights unveiled the second annual AI 100 — a list of 100 of the most promising private companies applying artificial intelligence algorithms across 25+ industries, from healthcare to cybersecurity — at the A-Ha! conference in San Francisco.
The companies were selected from a pool of 2,000+ startups based on several criteria, including investor profile, tech innovation, team strength, patent activity, mosaic score, funding history, valuation, and business model.
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Swedish card reading startup iZettle has raised €40 million (£35.2 million) to fund growth, just months after its last funding round and amid increased market competition in Europe.
iZettle announced on Wednesday that it had raised the sum from VC firm Dawn and The Fourth Swedish National Pension Fund, which manages SEK 348 billion (£30.9 billion) of assets. Existing investors also took part in the funding round.
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OTA Insight, a UK company developing software for the hotel industry, has raised $20 million led by Eight Roads Ventures alongside F-Prime Capital Partners.
The startup’s cloud-based platform helps hotels manage their revenue streams and profits by monitoring competitor rates, demand forecasts, and reviews in real time. The platform currently has 16,000 properties registered, including hotel groups like Hilton, Best Western, and Accor.
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