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

  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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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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Startup factory Entrepreneur First has secured £9.4 million ($12.4 million) from a string of backers led by Silicon Valley VC firm Greylock Partners, and including the cofounders of Alphabet-owned AI powerhouse DeepMind. Founded by Matt Clifford and Alice Bentinck in 2011, and based in London and Singapore, EF is pioneering a new type of technology […]

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Grid Edge, a startup aiming at improving energy efficiency by means of Artificial Intelligence, has raised  £200,000 in Seed from Ignite, a fund focused on energy companies. Based in Birmingham and founded by Aston University’s researchers Tom Anderson, Jim Scott and Dan Wright, Grid Edge has developed smart software able to monitor a building’s energy usage, and optimise its consumptions […]

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Alphabet-owned Artificial Intelligence laboratory DeepMind is bankrolling NHS research, Business Insider has revealed. The London-based company has provided Moorfields Eye Hospital’s trust with £110,000 in funding since July 2016— when the two organisations kick-started a partnership to test DeepMind’s new technology to diagnose eye diseases. The collaboration had already sparked controversy, as over one million patient […]

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The data-sharing agreement between the Royal Free hospital and AI firm DeepMind, which resulted in 1.6 million patient data being  made available to the Alphabet-owned company, was in breach of UK’s Data Protection Act, the Information Commissioner’s Office (ICO) has found. The deal, which had been uncovered in 2016 by a New Scientist investigation, was part of […]

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Alphabet-owned DeepMind has struck a deal with  Taunton and Somerset NHS Foundation Trust, which will now start using the AI lab’s healthcare app Streams in Musgrove Park Hospital. The contract follows similar, controversial partnerships with the Imperial College Healthcare NHS Trust and the Royal Free NHS Foundation Trust, which have adopted Streams to spot signs of […]

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There is a 50 percent chance that artificial intelligence will grow capable to best human beings in virtually every field within 45 years, a survey of 352 AI experts reveals. According to the New Scientist, a survey carried out jointly by the University of Oxford and Yale University  among leading researchers in the field has returned the […]

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