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

British Prime Minister Theresa May announced a £56 million ($ 72.8 million) investment for battery storage technology in South Africa during her visit to the country. The investment will support South Africa’s efforts to reduce carbon emissions by increasing the use of renewable energy technologies. May landed in Cape Town on Tuesday, and after visiting […]

Britain’s government has earmarked £300 million in funding to invest in Artificial Intelligence research, with the aim of making the UK a global leader in the field. More than fifty companies and organisations rallied behind the plan to develop a £1 billion deal, which was later revealed by   business secretary Greg Clark and digital […]

The British government has contracted London-based company ASI Data Science to build an AI-powered tool able to spot and block Isis propaganda online. The government suggested that— since the technology now exists— Internet platforms might  be forced by law to adopt the new anti-extremism feature in the future. While larger companies such as Alphabet-owned Google (which […]

UK Prime Minister Theresa May outlined her vision for an United Kingdom leading the global conversation on Artificial Intelligence in a tech-focused speech in Davos. In her address at the World Economic Forum, May almost totally eluded the nagging issue of Brexit, instead deciding to reinvent herself as the standard-bearer of safe, ethical AI. May […]

Artificial Intelligence and driverless technology featured prominently in UK Chancellor of the Exchequer Philip Hammond’s budget speech, in which he announced new investment and tax breaks for technology companies, in the latest bid to shore up the sector ahead of Brexit. Life sciences, immersive technology, 5G, and FinTech were other key fields Hammond mentioned in his […]

British technology startups secured more venture capital money from Silicon Valley than companies in any other major European countries,  despite a looming Brexit. Over the last five years, according to London& Partners, UK tech companies bagged more Bay Area investment than France, Germany and Ireland combined. In that period, London technology startups raised $2.5 billion (£1.9 billion); the […]

The UK could start taxing social media companies in an effort to crack down on pernicious online content such as cyber-bullying, hate speech and unrestricted access to pornography. Facebook and Twitter might be among the Internet giants on which the government imposes a levy, reportedly in order to raise money for country-wide programmes aimed at countering online […]

British drone technology company Sky-Futures has secured a £3.1 million investment from Japanese firm Mitsui & Co. The investment is part of a wider deal, according to which Sky-Futures will now provide Mitsui & Co with drone inspection capabilities in sectors such as energy, marine and infrastructure. Founded in 2009, Sky-Futures is based in London, and also has an office in Texas. […]

The House of Lords’ Select Committee on AI has put out a “call for evidence” on the implications of artificial intelligence— from an economic, ethical, and social point of view. The Committee, which was appointed on 29 June, wants companies and individuals to come forward and provide insights on several questions related to the rise of […]

Facebook has revealed its approach to removing terrorist-related content, as the social network faces increasing criticism over tackling the bane of extremism on its platform. In a detailed post published on its blog, the company explained its formula to tackle terror-related material, using a blend of human supervision and artificial intelligence. “We want Facebook to be […]

Subscribe to our newsletter