Zack Hill

UK AI startup Fyxer AI secures $30 million Series B as it eyes $50 million ARR by year‐end

London‐based startup Fyxer AI has raised a $30 million Series B funding round led by Madrona Venture Labs, with participation from Lakestar and high-profile investors including Marc Benioff. The company, co-founded by Richard Hollingsworth,

October 22, 2025

by Zack Hill

McKinsey: Most firms stuck in AI pilot mode despite global surge

Three years after generative AI exploded onto the global stage, artificial intelligence has become a fixture in nearly every corner of the corporate world, but don’t mistake ubiquity for impact. According to the latest McKinsey Global Survey on the state

November 10, 2025

by Zack Hill

Study finds humans still surpass advanced AI in real-world understanding

In the race to build artificial intelligence that truly “understands” how the world works, humans are

Fuse Energy’s $5bn valuation marks a growing threat to Europe’s traditional energy system

London-based Fuse Energy has reached a $5bn (£3.7bn) valuation after raising $70m (£52.3m) in a funding

Up to 200,000 banking jobs at risk as European lenders turn to AI

European banks are heading into a major shake-up, and this time it is not because of a financial crisis. It is because of artificial intelligence. By 2030, more than 200,000 banking jobs

January 3, 2026

FinTech

Octopus Energy’s Kraken Technologies valued at $8.65bn in strategic spin-off

Octopus Energy Group has agreed to sell $1 billion in equity of its software arm, Kraken Technologies, valuing the business at $8.65 billion. The transaction, led by U.S.-based D1 Capital Partners and

December 30, 2025

Business

British artists form new early-stage investment fund

A group of well-known British actors, comedians and musicians, including Daniel Kaluuya, Jack Whitehall, Maya Jama, Roman Kemp and Tom Grennan, have quietly come together to launch a new fund aimed at

December 30, 2025

Business

Meta buys Singapore-based Manus to speed up its autonomous AI efforts

Meta has agreed to buy Manus, a Singapore-based startup that builds autonomous AI agents, in a deal announced on December 29. The acquisition brings Manus’s technology and engineering team into Meta’s growing

December 30, 2025

Trending

Why did Nvidia spend $20bn on Groq without buying the company?

Nvidia has reached a reported $20 billion agreement to license technology and hire key personnel from AI chip specialist Groq, in what is being described as the largest strategic transaction in its

December 27, 2025

Trending

ScrubMarine: How this small UK startup plans to clean ship hulls and save billions?

A British maritime-robotics startup, ScrubMarine, has raised $1m (€849,000) in pre-seed funding to develop autonomous systems for underwater inspection and hull maintenance, as shipping companies search for ways to cut fuel bills

December 23, 2025

Business

Why Europe is quietly building its own stablecoin plumbing?

A startup called Nodu has raised $1.45 million in a pre-seed funding round led by Digital Space Ventures, as it aims to modernise Europe’s cross-border payment rails amid a global stablecoin market

December 21, 2025

FinTech

UK lifts £100 contactless limit, giving banks more control

The UK’s financial watchdog has decided to scrap the £100 limit on contactless card payments, allowing banks and payment companies to set their own limits instead. The change, announced by the Financial

December 19, 2025

FinTech

Monzo board pushes out CEO after clash over IPO plans

Monzo’s chief executive TS Anil is stepping down after falling out with the fintech’s board over where the company should go next, according to reports. People familiar with the situation say tensions

December 16, 2025

Trending

Britain sets October 2027 start date for crypto rules

The UK will begin formally regulating cryptoassets from October 2027, the finance ministry said on Monday, as the government prepares to introduce new legislation to parliament. Under the plans, crypto firms will

December 15, 2025

FinTech

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Zack Hill

UK AI startup Fyxer AI secures $30 million Series B as it eyes $50 million ARR by year‐end

McKinsey: Most firms stuck in AI pilot mode despite global surge

Study finds humans still surpass advanced AI in real-world understanding

Fuse Energy’s $5bn valuation marks a growing threat to Europe’s traditional energy system

Up to 200,000 banking jobs at risk as European lenders turn to AI

Octopus Energy’s Kraken Technologies valued at $8.65bn in strategic spin-off

British artists form new early-stage investment fund

Meta buys Singapore-based Manus to speed up its autonomous AI efforts

Why did Nvidia spend $20bn on Groq without buying the company?

ScrubMarine: How this small UK startup plans to clean ship hulls and save billions?

Why Europe is quietly building its own stablecoin plumbing?

UK lifts £100 contactless limit, giving banks more control

Monzo board pushes out CEO after clash over IPO plans

Britain sets October 2027 start date for crypto rules

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