Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

Emotibot, a Chinese robot solutions provider, has secured USD 30 million in series B round funding, according to a report from EqualOcean Media. The funding round was led by China Development Financial, followed by Cathay Financial Holdings. Its existing investors Ecovacs and Advantech Capital also participated in this new capital injection, while Light House Capital served as exclusive financial advisor in […]

Tesla founder Elon Musk has unveiled a prototype underground tunnel in Los Angeles which is designed to transport cars at high speed around the city. The tunnel, which has been built by his passion project firm, The Boring Company, is only a mile (1.6km) long at the moment but it has been designed to eventually […]

Facial recognition software was trialled on Monday in central London to fight soaring crime in the capital. This is the first time such technology is utilised in London. It was deployed by the Metropolitan Police in Soho, Piccadilly Circus and Leicester Square, searching for suspects wanted by the force or the courts. The Met has stated […]

Microsoft founder Bill Gates has endorsed privacy regulations for tech companies in a Fox News interview that aired on Sunday. “The notion that there will be privacy regulation, that makes a lot of sense,” he said. “The notion that this ability to identify anyone, that we’re going to think about how do businesses get to use […]

Finnish start-up Meeshkan has raised €370,000 in pre-seed funding to continue developing its “ChatOps” product for machine learning developers, TechCrunch reported. Earlier this month, Meeshkan won the Slush 100 start-up competition in Helsinki, Finland. The company uses Slack bots to help engineers monitoring and training machine learning (ML) models without leaving the team chat app. Talking […]

Researchers have created new “classification models” that can sense how well humans trust intelligent machines they collaborate with. The research aims at improving the quality of interactions and teamwork between people and their robotic counterparts, and was led by assistant professor Neera Jain and associate professor Tahira Reid, in Purdue University’s School of Mechanical Engineering. […]

China is set to surpass Europe in artificial intelligence research paper output within the next four year, a report released today by business analytics company Elsevier revealed. According to the report, the US which is home to tech giants like Google, Amazon, and Facebook, has thrived in attracting the top artificial intelligence talent in recent […]

UK tech start-ups are seeing a decrease in the number of overseas talents joining their founders, a new survey by VC firm Atomico revealed last week. The survey was conducted on 5,000 tech workers and it showed that, while European start-ups outside the UK still managed to attract more overseas talent to their businesses, UK […]

Chinese artificial intelligence provider Megvii Inc is reportedly seeking to raise $500 million in a new funding round at a valuation of approximately $3.5 billion, people with knowledge of the matter said. The company is the developer of facial recognition system Face++, and already counts Alibaba as a backer, which invested $327 million in the […]

Amazon Web Services is offering machine learning algorithms and model packages on their AWS Marketplace, the company announced at the AWS re:Invent conference last week. Users will be able to choose from free and paid algorithms and models from various categories such as computer vision (CV), natural language processing (NLP), speech recognition, text, data, voice, image, video analysis, and predictive analysis. […]

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