businessbite
Live

Bite-size news in business & technology, from big breaking stories to funding, appointments & deals

monday.com reveals new AI tools months after milestone London move

Published: September 18, 2025 at 7:45 am

NASDAQ-listed monday.com introduced a series of new AI-powered tools aimed at reshaping how teams manage and execute work.

Among the announcements were monday agents, a no-code builder for AI specialists that can complete tasks end-to-end, along with the full rollout of monday magic, monday vibe and monday sidekick.

The company, which has a market cap of almost $10bn and recently opened its largest European office in central London, also launched monday campaigns, a new addition to its CRM suite designed to connect marketing and sales in one platform and tie campaigns directly to revenue.

Amazing update to crypto policy

Published: September 18, 2025 at 7:39 am

Amazing AI plc, a global FinTech group specialising in online consumer loans and AI finance-related services, is to diversify its policy of investing in Bitcoin to a wider array of digital assets.

There are a growing number of companies adopting cryptocurrency treasury policies.

AAI’s updated policy will allow it to invest in a pool of five crypto assets with exposure to Bitcoin, Ethereum and ‘other attractive market segments’.

Half-year profits plummet at M+C Saatchi

Published: September 18, 2025 at 7:35 am

Half-year revenues and profits fell at M+C Saatchi in the first six months of 2025.

The London-listed global communications agency saw profit before tax plummet by 36% to £10.3m, while net revenue fell 5.1% to £103.8m.

It said a solid start to the year had been impacted by ‘Australia weakness’ and ‘macro-driven softness’ in Q2. It has taken significant actions to reshape the Australia business – new leadership, the closure of an unprofitable full-service media business as well as restructuring – with £12m of annualised cost savings set to be made.

The group now expects that full-year revenue will be down around mid-single digits, while it is targeting full-year profit is expected to be in line with the prior year,

Why our readers are closing their X accounts

Published: September 17, 2025 at 5:08 pm

Author: Jonathan Symcox

This morning we asked: Are you still on X and what are your opinions on its change of direction?

The platform formerly known as Twitter has come under much scrutiny since it was bought and rebranded by controversial entrepreneur Elon Musk – and our executive editor Chris Maguire went as far as to abandon his account this week.

I myself haven’t used X in a long time. Not only has engagement fallen off a cliff, but many of the businesses that we cover – in fact, the overwhelming majority now – have either deleted their accounts or left them to fester.

When it comes to my personal feed, I’m now deluged with views that I don’t agree with, to put it mildly. Views firmly entrenched in the Musk camp. I’m all for open debate – I’m not looking for an echo chamber – but scrolling through X these days feels like a descent into a hellscape which I don’t think is a fair reflection of the real world.

Steve Voller, founder at Altuity, said that I’m “not wrong” to hold these views – and advised people to move to Bluesky.

Kelly Waring, head of marketing at LIMA, told us that she closed her account down at the weekend, while Pete Connor, director at Pure Fabs, is also in agreement.

He said: “Last week I logged off my main X account for the last time because my timeline was full of people wanting to spread rancour and divide…

“I closed my Xwitter account over 18 months ago, because of this exact reason. The algorithms were deciding for me, what content I wished to view. It was full of hate, divisiveness and anger. I’m not that sort of person.

“I am deeply concerned that our young people are having this diet of everything the platform thinks you want to see, based on (partly) your age, your sex and your shopping history.

“Not for me; it shouldn’t be for them, either.

“I have no answer to the might and power of social media. apart from distancing myself from it.”

New fully funded accelerator for Salford SMEs

Published: September 17, 2025 at 4:45 pm

A new fully funded accelerator launching in Salford will help growth-stage SMEs unlock innovation, adopt emerging technologies, and scale with confidence.

Spark Salford, delivered by MediaCity’s Immersive Technologies Innovation Hub (MITIH) and backed by UKSPF, will support up to 15 growth-stage businesses across sectors including fashion, retail, manufacturing, food and drink and professional services.

The 12-week programme offers expert mentoring, practical workshops, access to tech, and introductions to investors.

‘AI could add around 10% to UK economy within 5 years’

Published: September 17, 2025 at 4:43 pm

Microsoft this week predicted that AI could add around 10% to the UK economy within just five years.

Chris Hopton, CEO of Ricoh UK, believes the UK will only realise these benefits through secure, responsible and truly practical deployment of AI – ensuring it empowers people to focus on higher-value work rather than replacing roles outright.

“This partnership reminds us that the opportunity is far too big to ignore. But it also brings urgency: only through secure, responsible, and truly practical deployment will we realise these gains.

“We see day in, day out how automation and AI can empower people for higher-value work, not replace roles. The greatest return will come from unlocking productivity, enabling talent to flourish, and preparing institutions, both public and private, for what lies ahead.”

Nottinghamshire agency secures funding

Published: September 17, 2025 at 4:41 pm

Peppercord, a Nottinghamshire digital agency trading as NotLuck, has secured £20,000 from First Enterprise under the British Business Bank’s Start Up Loans programme.

The firm specialises in CRM implementation, web development and AI-driven marketing automation.

Academia Technology Group reports £138m turnover

Published: September 17, 2025 at 4:15 pm

Managed service provider Academia has announced its FY2025 financial results.

The Hemel Hempstead business achieved a turnover of £138 million and a 42% increase in managed services revenue year-over-year, along with double-digit growth overall.

Agent achieves B Corp certification

Published: September 17, 2025 at 4:00 pm

Agent, a full-service marketing agency with studios in Liverpool and Manchester, has been recognised as a certified B Corporation (B Corp).

Established in 2006, Agent works across clean energy and sustainability, transport and connectivity and purpose-driven business sectors.

More than half of Brits to turn to AI for tax return completion

Published: September 17, 2025 at 12:58 pm

More than half of Brits (59%) say they’ll turn to AI to help complete their tax return ahead of HMRC’s 31 January deadline, according to new research from Taxfix.

Self-assessment taxpayers cited speed, convenience and cost savings as the main reasons for using AI tools, with ChatGPT the most popular choice.

However, accountants have warned of risks around incomplete advice and lack of UK-specific knowledge, urging caution for complex cases.

More to follow

ClearCourse appoints payments industry leader as new chair

Published: September 17, 2025 at 12:39 pm

ClearCourse has appointed payments industry leader Simon Black as chair of the board, as the company looks to accelerate growth in 2025.

Black, who joined the firm as a non-executive director, will now work closely with the London-based firm’s management team to build on its expertise in vertical software and embedded payment solutions for SMEs.

He experience of scaling payments businesses, having previously led SagePay through a period of tenfold revenue growth before serving as CEO of PPRO, which became established in the alternative payments industry through international expansion and multiple funding rounds.

The appointment follows a busy period for ClearCourse, which has completed three acquisitions in 2025, with deals Computers for Flooring, AvonData (Rezcontrol), and Davidson Richards.

More to follow

CoreWeave reveals next £1.5bn phase of UK expansion

Published: September 17, 2025 at 10:42 am

US firm CoreWeave has unveiled the next £1.5 billion phase of its UK expansion, bringing its total investment to £2.5bn as it builds sustainable AI data centres across the country.

Announced during Donald Trump’s State Visit, the move will support the government’s Compute Roadmap and create new highly skilled jobs.

Prime Minister Keir Starmer hailed the deal as “a clear vote of confidence in Britain’s potential to become a world leader in AI,” while NVIDIA boss Jensen Huang described the UK as standing “in a Goldilocks position, where world-class talent, research and industry converge.”

Are you still on X and what are your opinions on its change of direction?

Published: September 17, 2025 at 9:57 am

Author: Patrick Killeen

Are you still on X?

The platform has come under much scrutinity since it was bought and rebranded by controversial entrepreneur Elon Musk and it has forced the hand of our executive editor, Chris Maguire, who has abandoned his account this week.

Have you seen changes, either positive or negative, to your feed and algorithms since the social media giant was taken over just over two years ago?

Have a read of Chris’s blog and have your say on what’s happening on X by clicking the ‘have your say’ button above.

Oxa strengthens ties with NVIDIA as it looks to expand in $2tn industry

Published: September 17, 2025 at 9:46 am

Oxford-based autonomous vehicle firm Oxa has stepped up its work with NVIDIA, adopting the chipmaker’s new DRIVE AGX Thor developer kits and increasing its use of Cosmos World Foundation Models.

The integration is set to allow the company to create and test driving scenarios virtually, cutting down on the time and costs of physical trials.

It says the move is part of its push to bring self-driving technology into logistics and manufacturing, a market worth an estimated $2 trillion.

Startup founded by ex-Google DeepMind researchers secures £3.7m

Published: September 17, 2025 at 9:40 am

London-based AI startup Hiverge, founded by former Google DeepMind researchers, has raised £3.7 million in seed funding.

Flying Fish Ventures led the round, with Ahren Innovation Capital and Jeff Dean also investing.

Hiverge’s platform, the Hive, automates the discovery and optimisation of algorithms, helping businesses improve operations and AI training at scale.

The funding will be used to accelerate go-to-market, expand research and support product development, with early-access opportunities now open for businesses.

More to follow

Vision Zero Connect gets British Business Bank & Maven backing

Published: September 17, 2025 at 9:30 am

Nottingham-based Vision Zero Connect has secured six-figure backing from the British Business Bank’s Midlands Engine Investment Fund II, via Maven Capital Partners.

The SaaS firm has developed the ESG Navigate and Portfolio One platforms for property-sector reporting and energy performance.

It will use the funding to accelerate product development, roll out a major national contract and create new jobs.

EHE Ventures backs seven AI startups with more than £1.1m through new fund

Published: September 17, 2025 at 9:19 am

Manchester’s EHE Ventures has invested more than £1.1m across seven AI-first startups through its new (S)EIS AI Growth Fund.

The fund, which aims to back up to £15m in early-stage UK companies over the next three years, combines capital with in-house technical and operational support.

The portfolio includes SUBJCT, Scooch, Fotenix, Spotlight Pathology, Good With, Peppercorn AI, and NeuWave Technologies.

More to follow

Applications open for government’s £50k Civil Service AI and Data Challenge

Published: September 17, 2025 at 9:00 am

Applications have opened for the Civil Service AI and Data Challenge, which invites ideas from civil servants on how to use tech to improve public services, from tackling benefit fraud to reducing NHS waiting times.

Previous winners include a project using AI and aerial images to map peatlands, technology now deployed across England.

Technology Minister Ian Murray said the initiative will “use tech to fix our broken public services as rapidly as possible” as part of the government’s Plan for Change.

Entries close on the 5th November, with the winning project set to receive £50,000 in funding and technical support.

Microsoft to invest £22bn in UK to ‘power AI future’

Published: September 17, 2025 at 8:41 am

Author: Jonathan Symcox

Microsoft is to invest £22 billion into the UK to ‘power the AI future’.

Brad Smith, vice chair & president of fellow tech giant Microsoft, said the investment will be made during the four years from 2025-2028 and marks the largest financial commitment it has made in the UK. 

It includes $15bn in capital expenditures to build out the UK’s cloud and AI infrastructure, which will enable Microsoft to build the country’s largest supercomputer — with more than 23,000 NVIDIA GPUs — in partnership with Nscale.

The capital investment will also expand its data centre footprint to meet growing AI demand and adoption from its customers across every sector in the UK – including Barclays, the NHS, the London Stock Exchange Group, the Premier League, Vodafone, UK Met Office, Unilever and Wayve.

The other half of the investment will support its ongoing operations across the UK, including its workforce of 6,000 employees, located in multiple sites and cities. 

Salesforce to invest $6bn in UK

Published: September 17, 2025 at 7:49 am

Salesforce is extending its planned investment in the UK from $4bn to $6bn by 2030.

Salesforce UK will also become the CRM firm’s AI hub for UK and Europe, with new R&D teams created to support business innovation across the region. It has already established an AI centre in London.

It is also to launch a £1 million Salesforce Accelerator to back AI innovation for non-profits in the UK.

“We are doubling down on our long-standing commitment to the UK with this significant investment,” said Marc Benioff, chair and CEO, Salesforce. “We’re delighted that the UK, already a vital talent and innovation centre, will become our AI hub for Europe, driving product innovation for customers across the region.”

Have Your Say

    Subscribe to our newsletter

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.