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Tech Radar: The King has unveiled the newly-elected Labour government’s first drafted bills and legislation to the UK Parliament, including several pieces relating to technology.
City A.M: London-based tech company CultureAI has secured $10m (£7.7m) in a Series A funding round, co-led by Mercia Ventures and Smedvig Ventures. The investment is set to propel CultureAI’s product development, double its workforce and support its expansion into the US market.
CSO Online: The UK’s Investigatory Powers (Amendment) Act (IPAA) received royal assent, making it law and broadening the government’s ability to collect bulk communications data.
BNN Bloomberg: UK cybersecurity company Darktrace Plc agreed to sell itself to private equity firm Thoma Bravo for an equity value of about $5.32 billion. The deal will give Darktrace holders $7.75 in cash, or 620 pence per share, the companies said in a statement.
Yahoo Finance: Darktrace raised its annual revenue and margin forecasts for the third time this year after the British cybersecurity company's third-quarter revenue jumped nearly 27%.
The Guardian: Artificial intelligence will make it difficult to spot whether emails are genuine or sent by scammers and malicious actors, including messages that ask computer users to reset their passwords, the UK’s cybersecurity agency has warned.
Financial Conduct Authority (FCA): CBEST tests the cyber resilience of firms and financial market infrastructures (FMIs) through live testing that mimics the actions of cyber attackers.
XM: Britain's National Grid NG.L has started removing components supplied by a unit of China-backed Nari Technology's 600406.SS from the electricity transmission network over cyber security fears, the Financial Times reported.
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