Carbon3.ai will invest £1bn to build the UK’s first fully sovereign AI infrastructure network, converting legacy energy sites into renewable-powered data centres under full UK jurisdiction.
Category: Get Funded
15-year-old Harrison Nott named Grand Winner of Alibaba.com’s CoCreate Pitch, taking home $200,000 prize
Alibaba.com has named 15-year-old Harrison Nott the Grand Winner of CoCreate Pitch Europe, awarding him $200,000 for his CoolTowel product innovation. Ten other SMEs were highly commended across Europe.
UK invests £14m in new quantum projects to boost health, defence and transport innovation
The UK Government has announced more than £14 million in new funding to accelerate the commercial use of quantum technology across healthcare, defence, transport and energy, in a move it says will help power Britain’s next industrial revolution.
ITV confirms talks with Sky over £1.6bn sale of TV channels and ITVX in landmark broadcasting shake-up
ITV has confirmed talks with Sky over a potential £1.6bn sale of its media and entertainment division, including ITVX, in a deal that could reshape the UK broadcasting landscape.
Elon Musk on track to become world’s first trillionaire after Tesla shareholders approve $1tn pay deal
Tesla shareholders have approved a record $1 trillion pay deal for CEO Elon Musk, setting the stage for him to become the world’s first trillionaire if ambitious growth targets are met by 2035.
Balnord launches €70m fund to back frontier and dual-use tech startups across the Baltic Sea region
Gdańsk-based venture capital firm Balnord has launched a €70m fund — oversubscribed and targeting €100m — to back frontier and dual-use technology startups driving Europe’s reindustrialisation across space, healthcare and defence.
Savile Row entrepreneur Phoebe Gormley raises £3m for AI fashion sizing start-up Fit Collective
Savile Row tailor Phoebe Gormley raises £3m for Fit Collective, an AI start-up tackling fashion’s sizing crisis and £230bn in global returns.
Calculus Capital exits Mo following UKG acquisition
Calculus Capital has successfully exited its investment in employee engagement platform Mo following its acquisition by US HR and workforce technology giant UKG, delivering a 1.8x return for investors.
Liz Kendall unveils record £55bn R&D investment to make Britain a science superpower
Labour’s tech secretary Liz Kendall announces a record £55bn funding package for UK research and development through to 2030 — the biggest long-term investment in science and innovation in British history.
Leon co-founder set to reclaim the chain from Asda for a fraction of its 2021 sale price
John Vincent, co-founder of healthy fast food brand Leon, is in advanced talks to buy the chain back from Asda for as little as £30 million — a sharp discount on the £100 million paid by the Issa brothers in 2021.
PoobahAI raises $2M to mainstream AI-built blockchains
AI and Web3 startup PoobahAI has raised $2 million in seed funding from FourTwoAlpha Ltd, the early Ethereum and Cosmos investor, in a move designed to make AI-powered blockchain creation accessible to anyone, regardless of technical expertise.
Irish racing tycoons sell Barchester Healthcare to US giant Welltower for £5.2bn
Three of Ireland’s best-known businessmen — JP McManus, John Magnier and Dermot Desmond — have sold Barchester Healthcare, the UK’s largest private care home operator, to US real estate giant Welltower in a landmark £5.2 billion deal.
New incubator offers fast-track for entrepreneurs to launch dating apps
Dating industry pioneer Nicky Wake launches a first-of-its-kind incubator to help founders bring niche dating concepts to market within three months
ChatGPT firm hits $500bn valuation in landmark profit shake-up
OpenAI takes on new investor-friendly structure as Microsoft deepens AI partnership
Brainspark Games founder secures triple investment on Dragons’ Den
Brainspark Games founder Reedah El-Saie walked away with backing from three Dragons after her innovative EdTech pitch won over Sara Davies, Deborah Meaden and Touker Suleyman on BBC’s Dragons’ Den.
