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

Elon Musk’s company NeuraLink has applied to US regulators to start trialling its device on humans. NeuraLink is working towards creating a wireless implantable device that would allow paralysed humans to control phones or computers using their minds. The Tesla-founder made the announcement at the California Academy of Sciences event in San Francisco on Tuesday. […]

Venture capital firm IQ Capital has raised more than $300 million to invest in artificial intelligence and machine learning start-ups, the company reported on Monday. According to the Cambridge-based firm, $125 million of this sum would come from their ‘Growth Opportunities Fund’, while the remaining $175 million would be part of a fund focusing on […]

Artificial Intelligence (AI) and Data company Lixar has won the Microsoft AI Innovation Award for using the power of machine learning and AI “to derive insights to help their customers optimise operations, drive innovation, and deliver real value.” The announcement was made on Sunday at the Microsoft Inspire event in Las Vegas, the largest gathering […]

Researchers at Penn State and Columbia University have developed a new artificial intelligence (AI) tool able to detect discrimination based on race or gender. The researchers trained the algorithm using various types of data. In regards to gender discrimination, they used data from the US Census Bureau to determine whether men were receiving higher salaries […]

The global artificial intelligence radiology market will be worth more than $3.5 billion by 2027, according to a new report by Absolute Markets Insights. The document, which provides a qualitative and quantitative analysis of artificial intelligence (AI) radiology applications worldwide, stated that the growth would mark a 16.5% increase on the $1.87 billion value in 2018. This […]

Artificial intelligence start-up Taiger has raised $25 million in a  series B funding round led by PacificBridge Asset Management and Hong Kong-based merchant bank MCM Investment Partners. The Singapore-based company, which has now reached a $110 million evaluation, counts clients such as Bank of America Corp, AIA Group Ltd. and Banco Santander SA. With the […]

London-based tech firm Benevolent AI would be reportedly raising funds at a rate way below their $2bn valuation, an investigation by the Sunday Times revealed. The company, which is led by ex-Facebook executive Baroness Joanna Shields, would be in talks with several Asian investors, according to the report, in the hope of getting Benevolent AI […]

Scientists at Flinders University in Australia claim to have created the first artificial intelligence-designed flu vaccine, the ABC reported on Tuesday. The vaccine, who has gone on trial in the US, has been described by the researchers as “turbo-charged”, which means that it contains an extra component able to stimulate the human immune system to […]

Chicago-based startup Aegis AI has raised $2.2 million in a venture capital funding round led by Bling Capital with participation from Upside Partnership and Tensility Venture Partners. The company uses artificial intelligence to identify firearms in security camera video feeds. They said they plan to use the funding to develop their technology further to detect other threats, including […]

Facebook has disclosed the open source release of Deep Learning Recommendation Model (DLRM), an advanced AI model for providing personalised results in production environments. The social media giant made the announcement through a blog post on their Facebook AI site on Tuesday. In it, Facebook research scientists Maxim Naumov and Dheevatsa Mudigere highlighted the importance […]

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