UK

UK Blocks Chinese Company from Acquiring Knowledge on Vision Sensing Technology

British business minister Kwasi Kwarteng on Wednesday said he had issued an order preventing the acquisition of intellectual property related to vision sensing technology by a Chinese company on national security grounds. The order, issued under the National Security and Investment Act, prevents Beijing Infinite Vision Technology Co. from buying the intellectual property from the […]

UK’s House of Lords questions experts over AI

The UK’s House of Lords announced in May a plan to divert its attention to technology’s modern role in policing methods and law enforcement, while acquiring guidance from legal experts to familiarize themselves with the topic. Academics and senior officers met with the House of Lords and demanded answers from the members of UK’s higher […]

Everything you need to know about UK’s new $33 billion fintech unicorn

With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn.  The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India.  Founded in 2015, […]

5G Network Security: UK tightens grip on Huawei even more

The UK government continues to tighten its grip on Chinese tech titan Huawei, and other “high-risk vendors” from the country’s 5G network rollout, by announcing a roadmap that would see UK telcos unable to install Huawei equipment as of September 2021. This will prove costly for British carriers who will be forced to kickoff the […]

NEC to develop UK 5G network, following trade agreement

Japanese IT giant NEC Corp. has agreed to support the UK’s development of fifth generation wireless networks across Britain, according to the British government. The announcement comes as Japan and the United Kingdom have penned a post-Brexit bilateral free trade agreement, in which it was made public via tweet by the UK Department for International […]

O2 expands 5G rollout in 100 UK towns & cities

UK operator O2 announced their fifth-generation network expansion plan that will cover over 100 UK towns and cities, a year after they had initially kicked off their 5G rollout.  While partnering with Nordic vendors Ericsson and Nokia for their 5G infrastructure, O2, which is owned by Spanish telco Telefonica, will allow existing customers a refresh […]

Telecom customers in the UK received £20.7 m in compensation under Ofcom scheme

Telecommunications customers around the world have been suffering from poor services. However, under the scheme proposed by the UK telecom regulator Ofcom, broadband and landline customers who suffered from poor service have received £20.7 m in compensation payments between July and December 2019, according to The Guardian. Companies automatically pay out £8 for each day […]