New and exclusive: Synthesia, a London-based AI video generation platform, has raised $90m from investors including Accel and Nvidia. The investment, which values the company at $1bn, is the latest example of how investors are flocking to AI.
@ryan_browne_
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UK must match US Inflation Reduction Act, Starmer warns investors
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The UK needs a plan on par with the US Inflation Reduction Act, Starmer says: "I can feel investors being drawn to the US – we need a response to that."
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Starmer Opposes Universal Basic Income for AI Worker Reskilling
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Starmer isn't a fan of the idea we need a universal basic income to address AI risks. He says that reskilling of workers so they can benefit from advantages of AI the better way to go about it.
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Starmer Backs Global AI Summit, Calls for Regulatory Framework
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Starmer says the govt's plan for global AI summit is the right move – but more action needed. We need a proper regulatory framework for AI, he says.
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UK Tech Hub Faces Investment Challenges Amid Uncertainty
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Addressing the UK as a hub for tech, Starmer says investors he speak to are not investing in UK because "we don't see the condition of certainty and stability we need."
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Big Banks Cautiously Adopt Generative AI Amid Privacy Concerns
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Big banks are making big noises about generative AI. Goldman is using it to write and test code. ABN Amro is testing it to improve customer comms. But they're not diving in headfirst. Risk to privacy in particular is a major concern. W/ @KenzieSigalos
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FemTech Industry Set for $1 Trillion Growth Despite Taboos
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A subsection of tech is set to be worth $1 trillion. But taboos are holding it back. Check out my colleague @hannahswg making her CNBC digi vid debut, explaining the fast-growing – but woefully underinvested, #FemTech industry. https://
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Andreessen Horowitz Opens London Office, Signals UK Tech Investment Bet
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VC firm Andreessen Horowitz is opening an office in London – its first outside the US – signalling a big bet on the UK as a place to invest in technology (and especially crypto / web3).
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SVB Rebrands as HSBC Innovation Bank with Chancellor Discussion
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Next up: SVB and HSBC UK CEOs in discussion with Chancellor Jeremy Hunt to discuss the rebrand of SVB as HSBC Innovation Bank.
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London Mayor Addresses ChatGPT Authenticity Claims
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Mayor of London Sadiq Khan up next! "I've been asked to scotch any rumours that these remarks were generated by ChatGPT."