Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 342.935 Million
artificial intelligence

Autologyx, a London-based startup that leverages Artificial Intelligence to automate business processes, has raised £1.5 million in a pre-Series A investment round led by Beacon Capital. The round was also backed by Angel CoFund and Richard Hargreaves, which are now going to join the company’s board as non-executive directors. Launched in 2011, Autologyx is a Software as a […]

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  Chinese face-recognition technology company Megvii has raised £350 million from a group of investors, including Alibaba founder Jack Ma’s Ant Financial and state-backed Chinese funds, Bloomberg reports. Existing investor Foxconn Technology Group—a Taiwanese electronics manufacturer that counts Apple among its customers—also partook in the round. The company had already secured backing from the Russia-China Investment fund, […]

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Artificial Intelligence in banking and finance could result in instability and unexpected muddles, international organisation Financial Stability Board has warned in a new report. Robotic trading— namely,  the increasingly pervasive use of algorithmic decision-making systems by banks, insurers and asset managers — might have some nasty undersides, and be hijacked by hackers and criminals to purposely manipulate market prices, […]

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  DeepMind has announced that the latest version of its Go-playing artificial intelligence has learnt to excel at the board game without help from humans. Alphabet-owned (but London-based) AI lab DeepMind hit the headlines last year when its programme AlphaGo defeated top-class Go player Lee Sedol; since then , the AI has repeatedly triumphed over some […]

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UK charity Privacy International has revealed that British intelligence services are harvesting and storing the personal information of millions of social media users—and sharing it with foreign governments, police forces and companies. The documents obtained by the advocacy group also highlighted that the IPCO — a governmental  body overseeing the actions of intelligence agencies— had not been informed […]

MI5

Meltwater CEO Jorn Lyseggen thinks that companies should stop navel-gazing over their lagging internal  data —from last year’s financials, to last quarter’s sales figures— and extend their gaze outside, gathering data with the potential to reveal key information about their competitors, their customers, and the market’s general direction. That is essentially the central thesis of […]

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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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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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