Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 280.765 Million
machine learning

AI-powered customer marketing platform Ometria has raised £4.52 million ($6 million) in a Series A round spearheaded by American firm Summit Action, and backed by a syndicate of individual investors from the retail industry (such as Black & Decker’s George Buckley, and Amazon ex-MD Lance Batchelor, among several others.) The London-based company has so far raised £8.3 […]

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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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Crowdfunding  website Seedrs has hit a valuation of £50 million after running its own crowdfunding campaign , raking in £6 million. That follows a £4 million investment the company raised in September from Woodford Investment Management . According to Seedrs, over 2000 of its users partook in the crowdfunding, with the most active investors hailing […]

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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. […]

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Today in Big Brother (Большой Брат?) news: Russian capital Moscow is going to pimp up its (massive) network of CCTV cameras with sophisticated facial recognition software, with the apparent aim of tracking criminals as they roam the city’s streets. The system was created by Russian AI company NTechLab (the owner of controversial deanonymising company FindFace) and […]

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After Zuckerberg, Gates. Tesla CEO Elon Musk’s crusade to warn the world about the risks and dangers of Artificial Intelligence is not going down particularly well with his fellow techies. In the past Musk had engaged in —rather public— spats with Facebook’s CEO over the hazards posed by robots and AI. Now, Musk’s campaign is being slightly dismissed […]

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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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A bot trained by Elon Musk-backed OpenAI has beaten one of the world’ best players at online videogame Dota 2, during e-sports tournament The International. The machine learning bot had been trained simply by pitting one Artificial Intelligence against another, and letting them play for weeks on end until they mastered the game. During the tournament, hosted […]

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