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

China is set to surpass Europe in artificial intelligence research paper output within the next four year, a report released today by business analytics company Elsevier revealed. According to the report, the US which is home to tech giants like Google, Amazon, and Facebook, has thrived in attracting the top artificial intelligence talent in recent […]

Chinese artificial intelligence provider Megvii Inc is reportedly seeking to raise $500 million in a new funding round at a valuation of approximately $3.5 billion, people with knowledge of the matter said. The company is the developer of facial recognition system Face++, and already counts Alibaba as a backer, which invested $327 million in the […]

Several Google employees have signed an open letter asking Google to stop working on Project Dragonfly, a censored version of Google’s search engine designed for China. The Intercept had revealed the project existence in August. In response to that, Google CEO Sundar Pichai stretched that the company was “not close to launching a search product” in China, but it […]

David Wallerstein, Tencent’s chief exploration officer, has suggested European companies should focus on ethical applications of artificial intelligence (AI), leaving higher-risk ones to the US and China.   Speaking at a conference in Helsinki, The Telegraph reported, Wallerstein said he was encouraging the European Union to “embrace AI and deploy it in the areas that would […]

Chinese tech giants Baidu and Tencent will contribute to two open-source projects focused on machine and deep learning advances, The Linux Foundation announced earlier this week. The collaboration aims at the long-term goal of making AI technologies easier to use while improving cloud services using deep learning technologies. Tencent’s Angel Project is built on a […]

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 […]

The United States of America are falling behind in the Artificial Intelligence arms race, as China and Russia are striding ahead with the creation of AI-powered weapons, a new report revealed. The study— by data analysis group Govini and ex US Deputy Secretary of Defence Robert Work— flagged up how the American Department of Defence risks losing […]

  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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