Revolut Chair Says UK Stamp Relief Is Attractive for Tech IPOs

Automated digital wealth management company Wealthfront made its Nasdaq debut with its stock closing up 1.36%, which values the company at approximately $2.7 billion after raising $486 million in its initial public offering (IPO). The stock trades under the ticker symbol WLTH.

The UK economy faces potential contraction as growth declines ahead of Chancellor Rachel Reeves' tax-raising budget, prompting discussions on the role of the tech sector in economic recovery. British Business Bank CEO Louis Taylor emphasized the strength of fintech and AI in the UK during a conversation with Bloomberg's Ed Ludlow and Caroline Hyde.

Google DeepMind has announced the opening of its first research lab in the UK, focusing on the discovery of new materials for applications in batteries and semiconductors. This initiative is part of the company's broader commitment to leverage artificial intelligence in various scientific fields.

Google DeepMind has announced the opening of its first research lab in the UK focused on discovering new materials, particularly for applications in batteries and semiconductors. This initiative marks a significant step in the company's efforts to leverage artificial intelligence in scientific research.