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

A new study by artificial intelligence (AI) start-up Primer has revealed that over 40,000 prominent scientists aren’t featured on Wikipedia, with most of them being women. Conducted in order to demonstrate Primer’s proficiency in Natural Language Processing (NLP), the machine learning program behind the research analysed 30,000 English Wikipedia articles about scientists, their Wikidata entries, and over 3 […]

Intel sold $1 billion (roughly £775 million) of artificial intelligence (AI) processor chips in 2017, the company announced on Wednesday. Since PC sales have declined steadily in the last six years globally, the company has turned a substantial part of its sales efforts to data centres, which provide computing power for mobile and web-based apps. […]

Samsung has announced its plan to invest $22 billion (roughly £17 billion) in artificial intelligence (AI), auto components and other future businesses in the next three years. As part of their overall $160 billion (roughly £124 billion) plan, the South Korean tech giant said they will increase the number of researchers they had across its global AI centres in the UK, Canada, […]

Indians are contributing enormously to the global AI (artificial intelligence) ecosystem, said Google’s Fei-Fei Li at the Cloud Next 2018 conference in San Francisco last week. Speaking to the ET tech, the chief research scientist at Google Cloud AI and Machine Learning said that “Indian students globally are contributing a lot to AI and some of […]

Artificial Intelligence (AI) robots will help to shape China’s foreign policy, the South China Morning Post heard yesterday. Built by the Chinese Academy of Sciences and inspired by the ability of AI to excel in strategic games, a prototype of this machine is already being used by Chinese policymakers.  The AI robot would be able […]

Investments in AI, machine learning and robotic process automation (RPA) technology are set to reach $232 billion (roughly £176 billion) by 2025, a new report from KPMG has shown. The study suggests that, although AI technologies currently account for $12.4 billion (around £9.40 billion) of global investment, this number will skyrocket in the next three […]

Britain’s government has earmarked £300 million in funding to invest in Artificial Intelligence research, with the aim of making the UK a global leader in the field. More than fifty companies and organisations rallied behind the plan to develop a £1 billion deal, which was later revealed by   business secretary Greg Clark and digital […]

Benevolent AI, the London-based company working on developing new drugs and treatments by harnessing artificial intelligence, has raised £82 million ($115 million) from a number of investors; the company is now valued at around £1.4 billion (or $2 billion.) Most of the cash reportedly came from undisclosed US investors , but the balance of raised […]

London-based  Arkera, a FinTech company that is applying  Artificial Intelligence technology to personal investment, has raised £4 million in a round led by by XTX Markets and Alan Howard, and also backed by DOCOMO Digital, Henry Ritchotte and a number of other undisclosed investors. The sum, raised all in cash, will be invested in the further development […]

  Crowd-intelligence platform Streetbees has secured £8.6 million in a Series A funding round led by British Venture Capital firm Atomico. The round was also backed by Streetbees’s  previous investors LocalGlobe, Octopus and BGF Ventures. The London-based company uses mobile geolocation and social media to collect feedback and trends about brands and businesses from a crowd of users (“bees”) the […]

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