UK Artificial Intelligence Startups Raised £100 Million in 2017 so far

Sep 12, 2017 · Medium post from Eze Vidra, Chief Innovation Officer at Antidote. Founder of Techbikers, Campus London and VC Cafe

Screen shot 2017 09 11 at 23.32.40

A new AI company is launched every week in the UK. A government report called for a UK strategy in advancing AI. The subsequent budget included a £270m investment fund for disruptive technologies such as AI and robotics.

A recent study by MIT aimed to show the hype curve of AI. While the majority of executives across industries predict that AI will have a massive effect on the businesses over the next five years, in practice, actual adoption shows that less than 19% of companies have adopted and understand AI. As the analysis in Forbes CEO Daily concludes:

"For AI to become a prominent feature in future strategies, companies must figure out how humans and computers can build off each other’s strengths to create competitive advantage."

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