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

The social-media giant announced yesterday it removed 32 pages and accounts from its main Facebook service and Instagram after noticing “coordinated inauthentic behaviour”. The move comes in order to prevent meddling in the upcoming US mid-term elections in November, and it has been reported that the removed accounts could be linked to the Internet Research Agency […]

Facebook’s CEO Mark Zuckerberg announced he does not have any plans to appear before the UK Parliament’s Digital, Culture, Media and Sport Committee to give evidence about the Cambridge Analytica scandal. The snub follows threats of an official summons, and a hearing given by Facebook’s CTO Mike Schroepfer, which the Committee found to be unsatisfactory. Following […]

Data security software developer Hazy has bagged £750,000 ($1 million) from Microsoft’s investment unit. The company, previously known as Anon AI, will receive the fresh injection of cash after winning the Innovate AI award, a competition for disruptive and high potential AI and machine learning startups— in North America, Israel, and Europe— sponsored by M12 […]

Facebook’s founder and CEO Mark Zuckerberg has refused to appear before the UK’s Parliamentary Committee for Digital, Culture, Media & Sport, which is investigating the use and misuse of social media information in the wake of media revelations. analytica The committee reached out to Zuckerberg on March 20, after The Observer, Channel4 and The New York […]

Britain’s data protection authority has found that WhatsApp would have committed an offence by sharing its users’ data with patent company Facebook. The messaging service had been first warned against continuing to share user information with Facebook in November 2016, when the  Information Commissioner’s Office (ICO) officially expressed concern; a formal investigation had started earlier that […]

Facebook has struck a deal with PayPal, which will allow users to access the payment service directly from Facebook Messenger. Users  will now be able to link their Messenger app to their PayPal account in order to send to and receive money from other users on the platform. The development expands on a previous partnership between the social […]

The UK could start taxing social media companies in an effort to crack down on pernicious online content such as cyber-bullying, hate speech and unrestricted access to pornography. Facebook and Twitter might be among the Internet giants on which the government imposes a levy, reportedly in order to raise money for country-wide programmes aimed at countering online […]

NearGroup, a company that developed a chatbot allowing users to find and connect with like-minded people nearby, has secured £1.2 million in a seed round led by London-based fund OpenOcean, and also backed by Neotribe and BoostVC. The product is geared towards Middle-Eastern or Asian countries where picture-based dating apps are not easy or safe to […]

The European Union has demanded that social media companies take more active measures to spot and remove hateful and illegal content online, strongly encouraging to adopt automated solutions. The European Commission has released a series of “guidelines and principles” that urge tech giants to building systems that can automatically detect, remove and prevent the re-upload of certain content. […]

Google is poised to invest £1 million in fighting online extremism across the UK. The tech giant has set up a Britain-specific fund as a part of its global effort against violent and vitriolic content posted online, to which it pledged $5 million (£3.6 million.) In the UK, the funds will be funnelled through a partnership […]

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