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Labour pulls £1.3bn funding for ultra-fast supercomputer and AI projects | Business News
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Labour has pulled £1.3bn of investment in tech and AI projects promised by the Tories. The Department for Science, Innovation and Technology (DSIT) said the funding committed by the previous Conservative administration was not allocated in its budget and so will not proceed. It included £800m for the creation of a next-generation exascale supercomputer at…
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Grocery delivery app Getir races to finalise funding amid sector shakedown | Business News
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Getir, the grocery delivery app which is one of the biggest operators in Britain, is racing to finalise a major fundraising that it hopes will dispel intensifying rumours about its solvency. Sky News has learnt that Getir, which is based in Turkey, is working with investors to announce a funding round by the end of…
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Underground mapping platform Delta g surfaces with £1.5m funding boost | Business News
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A start-up which uses technology to map complicated sub-surface and unseen locations to help major infrastructure projects save time and money is raising a seven-figure sum to accelerate the supply of its quantum sensors. Sky News understands that Delta g, which was spun out of the University of Birmingham, will announce on Friday that it…
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British projects given tens of millions in funding to develop ‘safe and trustworthy’ AI | Science & Tech News
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British projects dedicated to developing safe and trustworthy artificial intelligence have been given tens of millions of pounds in public funding. The investment by UK Research and Innovation (UKRI), the national funding agency for science and technology, was revealed at London Tech Week. Most of the money has been awarded to Responsible AI, a group…
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UK universities and tech companies win £4.3m funding to develop space-based solar power | Climate News
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British tech companies and universities are to receive millions of pounds of investment to develop new technology that generates solar power from space. The rapidly emerging technology collects energy from the sun using solar panels attached to satellites, which then beam it back to Earth using wireless technology. Generating power from space has huge potential…
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Rolls-Royce gets funding for moon base nuclear reactor | Science & Tech News
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Rolls-Royce has received funding to build a nuclear reactor for a base on the moon. It might sound like the setup of a James Bond film, but is in fact part of a very real-world project that aims to see humans living and working on the lunar surface. The UK Space Agency has given Rolls-Royce…
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UK at risk of ‘brain drain’ as scientists leave Britain to avoid losing EU research funding | UK News
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A total of 22 UK-based scientists have now decided to leave Britain rather than lose their EU research funding, as uncertainty continues around the future of Research and Development (R&D) support post-Brexit. Scientists and engineers have told Sky News the UK’s position as a world leader in research is at risk from “significant brain drain”…
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Fibre broadband player Gigaclear digs deep in hunt for new funding | Business News
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Gigaclear, the fibre broadband network provider, is plotting to raise hundreds of millions of pounds of further funding amid an industry-wide race to modernise Britain’s communications infrastructure. Sky News has learnt that Gigaclear is working with bankers at Rothschild to raise between £200m and £300m of additional capital for its rollout. The capital-raise, which could…