Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 343.535 Million
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Alphabet-owned fund CapitalG has poured £375 million of additional funding into Lyft, the ride-hailing service that many regard as Uber’s main rival. The tranche comes on top of a £750 million round CapitalG had announced in October. First broke by news website Axios —which spotted a US share authorisation document filed in Delaware—the rumour was later confirmed by Lyft, […]

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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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Alphabet’s driverless car subsidiary Waymo is planning to launch a self-driving ride-sharing service with no human backup driver by the end of 2017, technology website The Information reports. According to anonymous sources, Waymo is warming up to kick-start the programme in the Phoenix area over the next few months— and apparently the order to go ahead […]

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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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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. […]

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Two technology giants are poised to invest in rival ride-hailing companies, according to press reports. Japanese Internet colossus Softbank is allegedly mulling over a whopping $10 billion investment in Uber, while Alphabet (erstwhile Google)—which is currently embroiled in a court battle with Uber over self-driving car technology— could pour almost $1 billion in Lyft. According to The Wall […]

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Rogue Artificial Intelligences can be concocted by fiddling with training data, scientists have found. A group of researchers from the New York University have discovered that manipulating the datasets used to train neural networks may result in  the creation of malicious AI systems. At the core of this issue, the researchers say, is the fact that a growing […]

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In June, Amazon announced its acquisition of supermarket chain Whole Foods. Now, Amazon’s tech rival Alphabet is teaming up with Whole Foods’ competitor Walmart in order to dent Amazon’s online shopping empire. Alphabet’s subsidiary Google has announced in a blogpost that its users will now be able to buy Walmart products through Google’s shopping app […]

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Facebook’s virtual assistant M is finally launching in the UK. The AI-powered smart helper will be able to interact with British users through a conversational interface built upon Facebook’s Messenger platform. The agent is able to carry out basic tasks—such as make a purchase, or book a table—and retrieve information. In addition, M uses natural language processing to analyse […]

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Electric carmaker Tesla is planning to create electric trucks able to drive themselves and to coordinate with other vehicles  to move in formation, Reuters reports. That transpired from email conversations between the company led by global-moonshooter-in-chief Elon Musk and the Nevada Department of Motor Vehicles (DMV). “Our primary goal is the ability to operate our prototype […]

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