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

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 […]

The leader of Facebook’s Artificial Intelligence (AI) Research unit said the company is working on chips for machine learning, but he sounded hopeful that many solutions will come from the chip industry. Talking to ZDNet at the International Solid State Circuits Conference in San Francisco on Monday, Yann LeCun underlined the need for new kind of processing […]

The final report of the UK parliament’s inquiry into fake news and disinformation said social media sites should face a compulsory code of ethics in order to tackle harmful or illegal content online. The report, in particular, criticised Facebook “disingenuous” and “bad faith” responses to democratic concerns about the misuse of people’s data and called for the social media giant’s […]

UK Health Secretary Matt Hancock has warned social media companies they could face a ban if they fail to promptly remove self-harm and suicide content. Speaking on the BBC’s Andrew Marr show on Sunday, Hancock said: “If we think they need to do things they are refusing to do, then we can, and we must […]

Matt Hancock speaking at the Blockchain Partnership event that was held at the Digital Catapult Centre, London, on Tuesday 26 April 2016.

Facebook will donate $7.5 million for the creation of The Institute for Ethics in Artificial Intelligence, the company revealed. The announcement was made yesterday during a speech by COO Sheryl Sandberg at the Digital Life Design (DLD) conference in Munich, Germany. The new centre, which Facebook will fund over the course of five years, will investigate […]

China is set to surpass Europe in artificial intelligence research paper output within the next four year, a report released today by business analytics company Elsevier revealed. According to the report, the US which is home to tech giants like Google, Amazon, and Facebook, has thrived in attracting the top artificial intelligence talent in recent […]

Facebook has launched a developer preview of its long-awaited PyTorch artificial intelligence (AI) software framework, the company announced on Tuesday. The Python-based tool, which helps accelerate the deployment of AI-based applications, provides developers with the power to seamlessly move from the research phase to production using a single framework. PyTorch 1.0 integrates PyTorch’s original research-oriented aspects with […]

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 […]

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