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

The Artificial Intelligence (AI) Market is expected to be worth more than $ 191 Billion (roughly £146 Billion) by 2024, with an annual growth of 37%, according to new data from Market Research Agency. The report takes into consideration the major players in the AI scene and global market trends with regards to data from 2015, estimates […]

Business automation start-up Softomotive has closed a $25m (£19m) Series A with London-based Grafton Capital. Marios Stavropoulos, CEO and co-founder of Softomotive, said that with this “injection of growth capital” the company will move its headquarters from Greece to London. Thanks to this, he said, “Softomotive will expand its global footprint and accelerate the development […]

The Securities and Exchange Commission (SEC) have sued Elon Musk and Tesla for fraud over the company’s halted plans to take the electric car company private. The complaint refers to a tweet Musk sent on August 7: Am considering taking Tesla private at $420. Funding secured. — Elon Musk (@elonmusk) August 7, 2018 The SEC said that Musk […]

London insurance technology start-up Concirrus today closed a further £5m fundraising effort from tech investor IQ Capital and EOS Venture Partners. The investment, which takes Concirrus total amount raised to date to £12m, comes after the company signed a global deal with Big Four accountancy firm EY last April, injecting machine learning tech into the […]

Artificial intelligence robots able to scans battlefields for hidden attackers have been successfully trialled by the British Army. Futuristic science developed at Dstl to give troops the edge in urban combat being tested at Contested Urban Environment trial #CUE18MTL — Dstl (@dstlmod) September 17, 2018 The new technology, developed by the Defence Science and […]

The UK government will set up a new internet regulator holding tech firms accountable for content published on their platforms, BuzzFeed revealed on Thursday. According to the report, the regulator would also be able to sanction firms if them if they fail to take down hate speech and illegal material and within hours. It comes […]

IBM is launching a tool that will analyse how and why algorithms make decisions in real time, the company revealed today. Our new trust and transparency capabilities for #AI can help businesses detect and mitigate bias. This is how: — IBM (@IBM) September 19, 2018 The program is being developed by the tech […]

Tesla is under investigation by the US justice department (DoJ) over the statement Elon Musk made last month, Bloomberg reported on Tuesday. The criminal probe announcement caused Tesla’s shares to drop over 7%, and it is running in conjunction with a previously reported civil inquiry by securities regulators. Tesla’s statement following the Bloomberg report confirmed […]

SpaceX has unveiled the name of the first passenger to go on a rocket trip around the moon, Elon Musk announced on Monday. Yusaku Maezawa, a 42-year-old art collector and entrepreneur, could be the first private passenger of the Big Falcon Rocket (BFR) to make the trip around the moon. The rocket is still under development, but SpaceX is planning […]

The UK’s security services broke human rights law when the GCHQ intelligence agency carried out the mass snooping operation exposed by Edward Snowden, Europe’s top court ruled yesterday. For five long years, governments have denied that global mass surveillance violates of your rights. And for five long years, we have chased them through the doors […]

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