Economy

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The UK’s data protection watchdog has fined the owner of image-sharing platform Imgur nearly £250,000 after finding serious failures in how the site handled children’s personal data.The Information Commissioner’s Office (ICO) has imposed a £247,590 penalty on MediaLab.AI, Inc, concluding

Cutting net migration to zero would deliver a short-term boost to living standards but ultimately prove “fiscally unsustainable”, leaving the UK economy smaller, public finances weaker and the deficit permanently higher, according to new analysis.The warning comes from the National

UK-founded legaltech business Lawhive has raised $60 million (£47m) in Series B funding as it accelerates its expansion across the US consumer legal market and doubles down on its AI-driven operating model.The round was led by Mitch Rales, co-founder of

UK-based artificial intelligence voice company ElevenLabs has raised a further $500 million in fresh funding, pushing its valuation to $11 billion and cementing its position as one of Britain’s most valuable private tech firms.The latest round was led by Sequoia

The UK Government has announced an £80 million investment to help students gain the specialist skills needed to support the long-term growth and resilience of the UK defence industry.The funding forms part of a wider £182 million Defence Industrial Strategy

The UK Government has announced a £36 million investment to expand access to advanced artificial intelligence computing, backing a major upgrade of the University of Cambridge’s DAWN supercomputer.Ministers say the move will give British researchers and startups free access to

UK wealth-tech Sidekick has raised £7.8m in Series A funding as it looks to expand access to investment products traditionally available only through private banks.The round was led by Eos Ventures and the Development Bank of Wales, with participation from