We stream the British Tech Network LIVE shows

Which figures in UK tech will be celebrating a well-procured wishlist and which will wake up on the 25th to a lump of coal?

The new scheme will give British AI companies a chance to develop technology for the NHS, defence, computing and cybersecurity

A British start-up founded by James Dacombe, a 25-year-old high school dropout, has reached a valuation of $4.8 billion as it develops advanced microchips for the AI industry. Olix, which focuses on creating faster chips using light-based data transmission instead of traditional copper wiring, raised $312 million in funding to compete with tech giants like Nvidia. The company's valuation tripled since February when it secured an additional $220 million. Dacombe, who launched his first business at 17 and is now CEO of both Olix and its sister firm CoMind, has gained recognition through Peter Thiel’s charitable foundation. Key investors include Arm, Netflix founder Reed Hastings, and the UK government's Sovereign AI Fund. The article highlights Olix's potential to revolutionize AI performance and cost while employing over 140 staff across multiple countries. Other British start-ups like Fractile and CuspAI are also securing significant funding in the AI chip sector.

london’s digital markets, competition and consumers act gives regulators the power to stop any acquisition, anywhere,