Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 343.535 Million
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Graphcore, a Bristol-based company whose processors could dramatically speed up the training of machine learning systems, is bound to raise £38.2 million ($50 million) in a Series C funding round by Sequoia Capital.  The company is expected to start shipping  its chips, called Intelligence Processing Units (IPU) by early 2018. In October, Graphcore shared new data […]

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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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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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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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Update: On May 25, AlphaGo beat Ke Jie again in the second of two games. Things are looking bad for human Go players.  DeepMind’s AI AlphaGo has beaten the Chinese world champion Ke Jie in the strategic board game Go, winning the first of three planned games. The algorithm, which makes use of 12 layers of neural […]

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London-based startup Babylon Health, an AI-powered healthcare app that offers virtual medical consultations, has secured $60 million (£46.7 million) in funding from a number of undisclosed investors— although the Financial Times reported that Egyptian billionaire dynasty Sawiris partook in the round. That brings Babylon’s overall funding to £85 million (£66 million), following a $25 million round led […]

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DeepMind’s AI-powered Go player AlphaGo will challenge the world champion of the ancient strategy board game during a summit in China later this year. Last year, the Google-owned London-based Artificial Intelligence lab made headlines after AlphaGo’s triumphed over professional player Lee Sedol in a five-game Go match. Now, the AI powerhouse announced a new partnership with China Go […]

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