DRIFT Energy plans first green hydrogen producing vessel build with close of seed round financing DRIFT Energy aims to drive the clean energy transition worldwide with high-performance sailing vessels that harness deep ocean wind to produce green hydrogen at sea. The company has secured £4.65 million in seed capital, led by Octopus Ventures with support...
Category: Tech
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US drops technology export bans for Australia and United Kingdom – Washington Examiner
The Biden administration has lifted most bans on defense technology sharing with Australia and the United Kingdom in order to fast-track the development of emerging weapons technologies among the allies. “These critical reforms will revolutionize defense trade, innovation and cooperation, enabling collaboration at the speed and scale required to meet our challenging strategic circumstances,” Australian...
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Renault Billboard Takes a Hilarious Jab at Tesla
Renault challenges the Tesla Model Y in the United Kingdom. Renault’s champion against the battle with Tesla is its all-electric Scenic E-Tech SUV. On a billboard outside London, Renault openly challenged the Tesla Model Y with an advertisement saying: “New Renault Scenic E-Tech puts Tesla Model Y to shame in both price and range.” Renault’s...
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Monitor Audio Lastest Gold Standard Introduces New Cone Tech
Monitor Audio Gold Series 6G, dubbed a “contemporary classic”, features new driver technology. Monitor Audio’s six-model Gold Series 6G speaker range builds on over thirty years of Gold Series heritage and boasts new cone technology, drivers, and a completely new design. Hexagonal Diaphragm Technology (HDT) is Monitor Audio’s new metal cone tech. It draws on...
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AI Statistics 2024: $25m+ Investment Surge in U.S. and UK Businesses
A new report has found that 8% of U.K. and and 7% of U.S. decision-makers plan to spend over $25 million (£19.5 million) on AI initiatives this year. This comes after many investors voiced their concerns about the technology’s capabilities and their potential return on investment. According to the 2024 State of AI report from...
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Bluesky: Social media site reports surge in new UK users after Elon Musk’s riot comments
Social media platform Bluesky says it has seen a surge in signups in the United Kingdom in recent days. Since X owner Elon Musk made controversial comments about the riots in the UK, a number of influential figures said they would leave the platform or scale back their use, including home office minister Jess Philips....
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India, UK explore green technology for recycling critical minerals
India has started negotiating with the United Kingdom (UK) to expand critical minerals collaboration under the newly-signed UK-India Technology Security Initiative (TSI). As part of these negotiations, the British High Commissioner to India, Lindy Cameron, met officials from the Ministry of Mines last week to explore ways to enhance cooperation. This is particularly...
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Analysis: UK riots show how social media can fuel real-life harm. It’s only getting worse | CNN Business
CNN — The widespread anti-immigrant riots in the United Kingdom of the past week, and the false viral claims that fueled them, may be the clearest, most direct example yet of the way unchecked misinformation on social media can produce violence and harm in the real world. Even after authorities identified a UK national as...
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Israel and the United Kingdom announce alliance to develop transformative technologies
This week, the Israel Ministry of Innovation, together with its British counterpart, announced the start of a joint scientific collaboration program focused on transformative technologies. The initiative will have funding of 9 million shekels, that is, £1.8 million pounds. Building on a Memorandum of Understanding to increase collaboration in science, innovation and technology signed in...
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AUKUS takes another step forward with real-time AI trials
AI-enabled aerial vehicles support the disabling of ground targets Trials saw seamless exchange of data between AUKUS nations Ground-breaking exercise highlights continued progress on Pillar 2 technology work In a significant landmark for AUKUS, the 3 nations have trialled a futuristic integration of autonomy and artificial intelligence (AI) for the first time. Testing saw the...
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Gaming major Nazara Tech buys UK-based Fusebox Games for Rs 228 cr
Nazara said it will purchase Fusebox for Rs 228 crore in an all-cash transaction. 2 min read Last Updated : Aug 08 2024 | 4:48 PM IST Gaming and esports company Nazara Technologies on Thursday announced acquisition of Fusebox Games, an IP-based gaming studio in the United Kingdom, for Rs 228 crore in an...
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UK Tech Startups Drop 11%—First Decline Since 2022
The number of tech startups being founded in the U.K. has suffered its first “marked decline” since 2022, according to accounting firm RSM UK. There were only 12,318 new tech incorporations in the second quarter of 2024 compared with 13,802 in the first quarter — an 11% decline. The number of tech incorporations is seen...