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

Fujitsu Laboratories have developed a new technology to substantially improve the speed of deep learning systems, the company revealed on Monday. The newly achieved speed would be the worlds’ highest, according to the AI Bridging Cloud Infrastructure system, deployed by Fujitsu Limited for the National Institute of Advanced Industrial Science and Technology. Deep learning applications […]

Astronomers at The University of Texas at Austin have used artificial intelligence (AI) to discover two hidden planets more than 1,000 light-years away in the constellation Aquarius.  The new algorithm, developed in partnership with Google, shows potential for identifying many additional planets that traditional methods could not locate. The program sifts through the data taken […]

Fast food giant McDonald’s announced Monday that it is acquiring Dynamic Yield, an Israeli start-up using artificial intelligence (AI) to give consumers personalised experiences. Despite the company not officially disclosing the size of the deal, Wired reported the acquisition would cost McDonald’s over $300m. The new technology would allow the company to use AI to […]

Artificial intelligence (AI) and Internet of Things software provider Uptake was named today as a 2019 New Energy Pioneer by Bloomberg New Energy Finance (NEF). The award was given to the company in acknowledgement of its ground-breaking discoveries in technologies fuelling the transition to a lower carbon economy and bringing new ideas for business models. “I’m proud of the […]

A new artificial intelligence created by the University of Queensland could transform the way aeroplane engine wear-and-tear is monitored, as well as improving insulin dosing for diabetics. The technology was developed by a team led by Dr Nigel Greenwood, an alumnus of the university and founder of Evolving Machine Intelligence (EMI), a platform focusing on showcasing […]

The global machine learning market is predicted to expand at a compound annual growth rate of 48.3% during the 2018-2023 period, according to a report by Research On Global Markets. The report presents forecasts value of the global machine learning market and provides key insights onto the factors driving and restricting market growth. The exponential […]

Google announced the second wave of startups selected for their Launch Accelerator program in India on Tuesday. The program is dedicated to support Indian startups that use technologies like artificial intelligence (AI) and machine learning (ML) to provide solutions addressing the nation’s core needs. The ten startups Google selected are based out of cities across […]

Search and language data services company Appen announced today it has signed a definitive agreement to acquire Silicon Valley’s based rival Figure Eight for around $428m. Both firms use crowdsourced labour pools to gather data, which is then used to train artificial intelligence (AI) and machine learning tools. Appen, which has delivered investors a 158 […]

UK care management startup Karantis360 has joined forces with IBM to help build a new solution that uses sensors and artificial intelligence (AI) to enable people who need assistance to live more independently in their own homes. Together, the companies have developed an Internet of Things (IoT) approach that will collect data about the movements and […]

Cleveland Clinic has opened a new centre to improve the use of artificial intelligence (AI) in healthcare, according to a press release by the Clinic. Launched by Cleveland Clinic Enterprise Analytics, the centre will focus on developing innovative clinical applications of AI and machine-learning technology to improve healthcare areas such as diagnostics, disease prediction and […]

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