London Loves Tech

LondonlovesTech serves as the primary platform for tech news, catering to London's vibrant community of entrepreneurs and investors in the technology sector.

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Artificial Intelligence to become a trillion-dollar industry by 2031

1 month ago | londonlovestech.com | Forbes McKenzie |Artem N. Sokolov |Simon Jones

Despite a rocky start to the year for the tech sector, marked by geopolitical tensions shaking up global markets, the industry will continue to grow, though at a shifted pace. Artificial intelligence remains one of the biggest drivers behind that growth, and the market is set to reach a historic milestone in the following years. According to data presented by Stocklytics.com, artificial intelligence is expected to become a trillion-dollar industry by 2031.
Tech's biggest losers of 2025: 10 moguls shed $340 billion YTD, 4x their early 2022 crash losses - London Tech News

1 month ago | londonlovestech.com | Simon Jones

After hitting record valuations last year, 2025 is proving to be a brutal reality check for the tech industry, stripping hundreds of billions from its most powerful moguls. The perfect storm of high interest rates, economic slowdown, stricter regulations on big tech and AI, and Trump’s tariff policies and global trade wars hit tech companies hard, causing shocking losses to billionaires who own them.
Cybersecurity funding surges to $7.7 billion in Q1, marking a three-year high

1 month ago | londonlovestech.com | Simon Jones

After a two-year slowdown, cybersecurity funding is making a strong comeback. The amount of capital cybersecurity companies and startups raised in Q1 shows renewed investor confidence as cyber threats keep rising. According to data from Stocklytics.com, venture capital investments in cybersecurity soared to an impressive $7.7 billion in Q1, the highest quarterly figure in three years.
X ad reach plummets by 12% in a single year, falling to 586 million

1 month ago | londonlovestech.com | Simon Jones

Ever since billionaire Elon Musk bought it for $44 billion in October 2022, X, formerly Twitter, has been losing users and advertising revenue, and that hasn’t changed in 2025. Although the social media platform had plans to fuel growth through AI-powered ads and customer experience, the number of users and ad reach continued to fall. According to data presented by Stocklytics.com, X ad reach has dropped by a considerable 12% in a single year, reaching 586 million in January.
91% of UK executives and tech workers say they are AI-savvy, but over three quarters are faking it - London Tech News | londonlovestech.com

2 months ago | londonlovestech.com | Forbes McKenzie |Artem N. Sokolov |Simon Jones

New research from Pluralsight reveals majority of tech workers exaggerate their AI knowledge, and some hide their use of the technology as fears remain about being replaced Businesses are keen to embrace AI, but tech teams may not be ready to work with the technology – according to new research from technology upskilling platform Pluralsight.
Smartphones are rgowing four times faster than the population

2 months ago | londonlovestech.com | Forbes McKenzie |Artem N. Sokolov |Simon Jones

In 2024, people worldwide bought around 260 million new smartphones. While still a huge number, this is the second-lowest annual increase in a decade and a fivefold drop from the 2017 peak. But despite this slowdown, smartphones continue to grow at an astonishing pace, far outpacing global population growth. According to data from Stocklytics.com, the number of smartphones in use has surged by 1.5 billion over the past five years, four times more than the increase in global population.
Samsung ships 36 million fewer smartphones per quarter than ten years ago

2 months ago | londonlovestech.com | Jurgita Lapienyte |Forbes McKenzie |Artem N. Sokolov

Although Samsung has been the world’s largest smartphone producer for the past fifteen years, the shipment gap between the South Korean giant and its biggest rival, Apple, has decreased significantly. While Apple`s quarterly shipments grow, Samsung`s are plunging, and the ten-year difference is quite shocking. According to data presented by Stocklytics.com, Samsung now ships 36 million fewer smartphones per quarter than it did ten years ago.
Esports sponsorships set to become a billion-dollar industry this year

2 months ago | londonlovestech.com | Forbes McKenzie |Artem N. Sokolov |Simon Jones

Global spending on esports sponsorships and advertising has skyrocketed over the years, rising from $340 million in 2017 to around $980 million last year. Despite the annual growth slowing in the past five years, the market is still set to reach a historic milestone in 2025. According to data presented by Betideas.com annual spending on esports sponsorships and advertising is projected to surpass the $1 billion mark this year.
Chancellor announces £3.25 billion into public services calling on AI to drive economic growth amid Spring Statement

2 months ago | londonlovestech.com | Forbes McKenzie |Artem N. Sokolov |Simon Jones

UK Chancellor Rachel Reeves has invested £3.25 billion into public service reforms, placing technology and AI at the centre of the government’s strategy to drive economic growth, boost public sector efficiency, and maintain the country’s global competitiveness. This funding will drive down the cost of running the public sector through the use of AI by enhancing productivity and streamlining operations.
Apple won’t build a backdoor, yet iOS apps leak secrets anyway

2 months ago | londonlovestech.com | Forbes McKenzie |Artem N. Sokolov |Simon Jones

While all eyes are on the UK government’s backdoor demands, our latest Cybernews research exposes an even bigger risk – iOS apps are leaking sensitive data at scale, and Apple isn’t stopping it. Last week, the Cybernews research team revealed that 71% of 156,000 iOS apps are leaking hardcoded secrets – a serious security flaw with major implications for businesses and consumers.