Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 343.535 Million
News

The UK could start taxing social media companies in an effort to crack down on pernicious online content such as cyber-bullying, hate speech and unrestricted access to pornography. Facebook and Twitter might be among the Internet giants on which the government imposes a levy, reportedly in order to raise money for country-wide programmes aimed at countering online […]

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Financial documents published on Companies House revealed just how much Alphabet-owned DeepMind spent on Artificial Intelligence research last year. The AI lab—which rose to prominence after its brainchild AlphaGo triumphed against professional Go player Lee Sedol in 2016—spent £104.8 million on “staff costs and other related costs” in 2016. The exact number of DeepMind employees is […]

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Alphabet’s driverless car subsidiary Waymo is planning to launch a self-driving ride-sharing service with no human backup driver by the end of 2017, technology website The Information reports. According to anonymous sources, Waymo is warming up to kick-start the programme in the Phoenix area over the next few months— and apparently the order to go ahead […]

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The European Union has demanded that social media companies take more active measures to spot and remove hateful and illegal content online, strongly encouraging to adopt automated solutions. The European Commission has released a series of “guidelines and principles” that urge tech giants to building systems that can automatically detect, remove and prevent the re-upload of certain content. […]

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The company that gave London its Oyster card is working on a new technology that might allow us to use our faces as train tickets. According to WIRED UK, San Diego-based Cubic Transportation System is developing a ticketing system relying on facial recognition to speed up payments and reduce queuing times. In particular, Cubic’s new tech would […]

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Today in Big Brother (Большой Брат?) news: Russian capital Moscow is going to pimp up its (massive) network of CCTV cameras with sophisticated facial recognition software, with the apparent aim of tracking criminals as they roam the city’s streets. The system was created by Russian AI company NTechLab (the owner of controversial deanonymising company FindFace) and […]

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After Zuckerberg, Gates. Tesla CEO Elon Musk’s crusade to warn the world about the risks and dangers of Artificial Intelligence is not going down particularly well with his fellow techies. In the past Musk had engaged in —rather public— spats with Facebook’s CEO over the hazards posed by robots and AI. Now, Musk’s campaign is being slightly dismissed […]

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Google is poised to invest £1 million in fighting online extremism across the UK. The tech giant has set up a Britain-specific fund as a part of its global effort against violent and vitriolic content posted online, to which it pledged $5 million (£3.6 million.) In the UK, the funds will be funnelled through a partnership […]

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US carmaker Tesla is working together with semiconductor giant AMD to develop its own chips for carrying out autonomous driving tasks. The company—whose cars already sport the rather advanced driver assist system Autopilot— is reportedly in the process of testing the purpose-specific processors. Creating its own chips, although on top of AMD tech, will allow Tesla not to […]

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