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

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 […]

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 […]

Intel has gifted Artificial Intelligence researchers with a new set of free tools. During an AI Conference in San Francisco, the chipmaking giant announced the new Nervana DevCloud, a cloud platform where developers, researchers and startups will be able to experiment with hardware and software tools for their AI projects. The platform’s compute power will be provided by Intel’s Xeon processors. […]

Prowler.io, a Cambridge-based startup that is building an Artificial Intelligence platform able to make decisions, has raised £10 million ($13 million) in a Series A round from Cambridge Innovation Capital and Atlantic Bridge Capital. Passion Capital, Amadeus Capital Partners and SGInnovate also backed the round. A brainchild of Aleksi Tukiainen,  Dongho Kim and Vishal Chatrath (the latter two […]

Sherpa, a UK-based startup that uses Artificial Intelligence to provide price comparison for insurance products, has raised £1.79 million ($2.3 million) in Seed from InsurTech.VC, alongside several angel investors. The company leverages the power of AI to build a tailored risk profile for each user, and keep them updated regarding changes in risk and in the cost […]

The Chinese government is upping its Artificial Intelligence game , after launching a massive investment plan in the technology. According to the MIT Technology Review, China’s State Council has announced a plan to build the national AI industry into a $150 billion behemoth, with the goal of making the country the world’s leader by 2030. According to […]

Google has announced Developers Launchpad Studio, a new six-month programme to foster and support Artificial Intelligence and machine learning companies. Startups, from early to post-Series B stage, can apply by August 31, by submitting a 15-page pitch. Companies  accepted into the programme will receive assistance with product development and validation, networking opportunities with AI investment big shots, […]

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