Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 258.765 Million
ai

Amazon is set to launch a new UK R&D centre in the university city of Cambridge. The new 5500 square-metre office will open in an office building next to Cambridge’s train station. The tech giant already runs  another research facility in the city centre, which—once the new office starts working— is going to start focussing […]

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Raspberry Pi and Alphabet have teamed up to bring Artificial Intelligence capabilities to the matchbox-sized computer. Google’s new initiative, called “Artificial Intelligence Yourself” or AIY (a pun referring  to Raspberry Pi’s popularity with DIY enthusiasts) , will add natural language processing features to Raspberry Pi 3, thanks to a “Voice HAT” (Hardware Accessory on Top) add-on, […]

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A London-based hedge fund controlling $28.8 billion (£22.5 billion) of assets is looking into machine learning, Business Insider reports. Man GLG, a fund founded in 1995 and now active in eight countries, has inaugurated the new position of “head of machine learning”, who will be in charge of scaling up the company’s machine learning firepower— with particular […]

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Delivery company Hermes has launched a partnership with self-driving buggies startup Starship Technologies to start delivering goods in London. The friendly-looking robots, able to autonomously navigate and deliver up to 10 kg of groceries, are already scurrying around on the pavements of Southwark, a borough in the British capital’s south. The test follows a previous trial Hermes and […]

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Artificial Intelligence, machine learning and robotics are still attracting investors to London despite Brexit fears, a new report reveals. The research, compiled by the founders of London Tech Week, highlights how London-based AI and machine learning companies have been able to secure a whopping £85.75 million in 2016, a twenty-fold increase from 2011’s investment levels. Over […]

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Facebook has announced to be working on a technology that could allow people to type by just thinking about something. The revelation emerged during the social network’s annual F8 conference in San Jose, last Wednesday. According to Recode, Regina Dugan, who is in charge of Facebook’s moonshot factory Building 8, asked,”What if you could type directly from your brain?” […]

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Tenzo, an app using data analysis and machine learning to help restaurateurs run their business efficiently, has raised a £600,000 Seed round backed by Acequia Capital and Force Over Mass, alongside angels Charlie Songhurst, Michael Orland and Getti Restaurants. The company, founded in London in February 2016 by Hummus Bros.’s cofounder Christian Mouysset and engineer Adam Taylor, had previously […]

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DeepMind’s AI-powered Go player AlphaGo will challenge the world champion of the ancient strategy board game during a summit in China later this year. Last year, the Google-owned London-based Artificial Intelligence lab made headlines after AlphaGo’s triumphed over professional player Lee Sedol in a five-game Go match. Now, the AI powerhouse announced a new partnership with China Go […]

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Global investments in Insurance technology were overwhelmingly directed to Artificial Intelligence and Internet of Things (IoT) startups as of 2016, a report by consultancy firm Accenture reveals. The survey , called “The Rise of InsurTech”, analysed 450 deals in the so-called InsurTech field—carried out between 2014 and 2016— finding  a 79 percent increase in the number […]

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PwC has released a report called “Will robots steal our jobs?” It’s not the first report on the subject and it certainly won’t be the last. But coming from the world’s second-largest professional services firm, it deserves attention. (Disclosure: PwC is an occasional client of mine.) As you’d expect, the report offers a thorough and […]

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