OpenAI is preparing a confidential IPO filing with Goldman Sachs and Morgan Stanley, paving the way for one of the most consequential AI listings on record and raising the stakes for SpaceX, Anthropic and the wider technology sector.
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Packaging power: how Cheshire’s Packaging One sealed a £4m export deal with UKEF backing
Cheshire’s Packaging One has won a £4m contract with a global tech giant after UKEF and NatWest unlocked working capital through the General Export Facility.
Barclays crowns Fractile and Isomorphic Labs in inaugural AI 100 as Britain’s tech race intensifies
Barclays Eagle Labs names Oxford chip pioneer Fractile and DeepMind spinout Isomorphic Labs among Britain’s top AI start-ups, as UK AI funding tops £8.3bn.
Britain’s AI boom hits record £8.3bn as London cements European tech crown
UK AI investment hit a record £8.3bn in 2025, with London home to nearly three quarters of Britain’s AI fintech firms, Barclays Eagle Labs research reveals.
Hertfordshire Pharma lands £2.3m Saudi contracts after UKEF steps in to plug working capital gap
UK Export Finance insurance has unlocked an HSBC UK credit lift, allowing Hertfordshire SME Masters Speciality Pharma to ship £2.3m of lifesaving medicines to Saudi Arabia.
ebay rebuffs GameStop’s surprise $55.5bn swoop
eBay has rejected a surprise $55.5bn takeover bid from GameStop, calling it “neither credible nor attractive”. Ryan Cohen may now go direct to shareholders.
OpenAI mints hundreds of overnight millionaires as staff cash out $6.6bn in share sale
Around 600 OpenAI staff have shared a $6.6bn (£4.8bn) payout in a secondary share sale, with average proceeds of $11m and the largest sellers banking $30m apiece, as the ChatGPT maker eyes a 2027 IPO at a $1tn valuation.
SME funded launches one-stop finance platform to plug funding gap for britain’s builders and manufacturers
New specialist lender SME Funded launches with access to 130+ lenders and its own capital, targeting underserved construction and manufacturing SMEs across the UK.
ProcurePro lands $11m to drag construction’s $13 trillion supply chain out of the spreadsheet era
Australian construction tech firm ProcurePro raises $11m at an $80m+ valuation, led by QIC Ventures, to scale its AI-driven procurement platform across the UK, Middle East and North America.
British Business Bank pledges £1m to close gender funding gap through Angel Academe partnership
British Business Bank invests £1m alongside Angel Academe to back female-led UK startups, tackling the venture capital gender gap where women receive under 2% of VC funding.
Singapore’s ‘Queen of Bond Street’ takes a seat at Heston Blumenthal’s table
Singapore billionaire Christina Ong’s Como Group has taken a controlling stake in Heston Blumenthal’s loss-making Fat Duck Group, paving the way for international expansion.
Beware the tax-break brigade: founders warned over EIS and SEIS investors who ‘don’t care about the outcome’
A leading global venture capital firm has cautioned that Britain’s flagship tax-incentivised investment schemes are leaving early-stage businesses stranded, with fewer than one in 25 companies funded solely through them ever raising another penny.
British Business Bank backs record-breaking Ineffable Intelligence raise as UK doubles down on superintelligence ambitions
The British Business Bank and the Government’s Sovereign AI Fund have backed David Silver’s Ineffable Intelligence in Europe’s largest-ever seed round, worth $1.1bn.
Bubble Robotics surfaces from stealth with $5m to build the ocean’s autonomous workforce
Bubble Robotics has emerged from stealth with $5m in pre-seed funding to deploy persistent autonomous robots across offshore wind, subsea cables and maritime security operations.
British deep-tech start-up loc.ai raises £1m to break SMEs free from the cloud’s ‘inference tax’
British deep-tech start-up Loc.ai has raised £1m led by Fuel Ventures to shift AI inference off the cloud and onto users’ own devices, easing SaaS margin pressure and bolstering UK data sovereignty.
