Manychat raises $140 million in funding led by Summit Partners to expand globally and enhance its AI-driven customer engagement platform used by over a million businesses worldwide.
Category: AI
Artificial intelligence coverage with the Business Matters filter: not the hype cycle, but what AI adoption actually looks like inside UK firms – the tools, the costs, the failures, and the regulation heading down the track.
Fuel Ventures backs £3m investment in 51toCarbonZero to drive global expansion
Fuel Ventures leads £3 million investment in climate-tech firm 51toCarbonZero to expand its AI-driven platform and support international growth across the UK, Europe and the US.
Small businesses embrace AI for quick productivity wins, study finds
New research reveals UK small businesses are using AI to boost efficiency, with productivity gains of up to 133%. From marketing help to rota planning, AI is proving to be a powerful tool for SMEs.
Inicio AI secures £2.6m to transform affordability assessments after pitch win triumph
Coventry-based FinTech Inicio AI lands £2.6M seed funding to scale its AI-powered affordability solution, following victory at Birmingham Tech Week’s OneToWin competition.
Gerry Adams considers suing Meta over alleged use of his books to train AI
Gerry Adams is weighing legal action against Meta over claims his books were used without permission to train its AI. The former Sinn Féin leader joins growing backlash from authors.
Channel 4 boss warns AI firms are ‘scraping the value’ from UK’s £125bn creative industries
Channel 4 chief Alex Mahon urges government to act on AI data use, warning that current copyright proposals risk undermining the UK’s fast-growing £125bn creative sector.
Elon Musk merges x and xAI in $80bn deal to reshape AI and social media
Elon Musk merges xAI and social media platform X in an $80bn deal to integrate AI with real-time user data. The move aims to boost growth despite concerns over valuations and revenue.
UK commits £3.25bn to public services and AI in spring statement to drive growth and productivity
Chancellor Rachel Reeves announces £3.25bn investment in AI and public service reform to drive growth, boost efficiency and modernise the UK economy amid slowing GDP.
British start-up wins £1m AI prize for breakthrough slashing materials development from years to days
A British start-up pioneering artificial intelligence to accelerate materials development has won the UK Government’s £1 million Manchester Prize.
Government’s AI investment will create opportunities, not job losses, says tech leader
The UK government’s decision to integrate artificial intelligence into public sector operations has raised concerns over potential job losses, particularly within the civil service.
Government to shake up AI funding rules to drive innovation and cut waste
The UK government is overhauling how it funds AI and digital projects to reduce bureaucracy, boost efficiency, and ensure new tech delivers value for taxpayers.
Alibaba commits $50bn to AI and cloud amid Jack Ma’s return to the spotlight
Alibaba pledges $50bn in AI and cloud computing amid Jack Ma’s high-profile return to favour in China.
British Business Investments backs Twin Path Ventures with £10m AI fund to power UK tech growth
Twin Path Ventures secures a £10m commitment from British Business Investments to supercharge UK AI start-ups.
Mira Murati, OpenAI’s former CTO, launches new ai start-up with ex-ChatGPT colleagues
OpenAI’s ex-CTO Mira Murati unveils Thinking Machines Lab, recruiting ex-colleagues from ChatGPT’s creator. The new AI start-up pledges open research and user-centric customisation, setting its sights on bridging key gaps in machine learning.
Fuel Ventures backs PlanningHub’s AI-powered solution to modernise UK property planning
Fuel Ventures has co-led a £300k investment in PlanningHub, an AI-powered platform streamlining property planning, reducing risks, and supporting local authorities. The innovative PropTech solution could save the UK economy £1.2bn annually.
