The artificial intelligence scene in Great Britain feels a little bit like your weekly tv drama at the moment. Major funding rounds compete for attention with controversial CEO departures and outlandish government campaigns (“Unicorn Kingdom” and 3D statue holograms, anyone?). London-based PolyAI today announced it had secured a valuation of $500mn following a successful fund raise for its call centre voice assistant tech. It might not be the sexiest of AI applications, but then again not...
Microsoft won't be facing antitrust scrutiny in the U.K. over its recent investment into French AI startup Mistral AI. © 2024 TechCrunch. All rights reserved. For personal use only.
US decacorn CoreWeave has pledged to invest £1bn in UK compute infrastructure in the latest boost to British AI. Valued at $19bn, CoreWeave is a specialised cloud services provider for compute-intensive businesses. The New York-headquartered company recently opened an office in London as the base of its European operations. CoreWeave has now announced plans to […]
The CMA is no longer looking into Microsoft's partnership with Mistral AI, where it was given a minority stake. This means the regulator doesn't believe the partnership is a threat to competition.
The UK's AI Safety Institute said its Inspect platform will help testers around the world to evaluate AI models. : UK releases open-source platform to boost AI safety testing
The U.K. has debuted what it calls a landmark toolset for artificial intelligence (AI) safety testing. The new offering, announced Friday (May 10) by the country’s AI Safety Institute, is dubbed “Inspect” and is a software library that lets testers such as startups, academics and AI developers to international governments assess specific capabilities of individual AI models and then generate […]
Do you have a high learning quotient (LQ)? If—like me—you were educated in the UK, the chances are low. Will those odds increase for younger generations here? Not unless urgent action is taken. During the 2023 annual World Economic Forum (WEF) conference in Davos, weeks after OpenAI launched ChatGPT and introduced generative AI to the […]
Politicians should back calls to develop a British data library if they want to see the UK give birth to the next crop of world-leading AI firms, Jess Jones writes
The funding being given to Wayve represents the biggest ever investment in a European AI firm.
UK PM Rishi Sunak said the latest funding marks the biggest investment ever made in a UK-based AI company. : UK AI start-up Wayve raises $1bn backed by Nvidia and Microsoft
An AI scanning your bank transaction data entails a level of invasiveness that I find difficult to accept — let alone embrace for my own transaction information. But the technology could bring merits, at least in the lending world. Enter Abound. The London-based startup has just raised £800mn for its lending platform that uses AI to determine loan amounts. Dubbed Render, Abound’s AI analyses customers' full bank transaction data (from income to spending details) to understand their...
Wayve, a London-based startup working on AI systems for autonomous vehicles, has raised $1bn. The colossal funding round marks the largest single investment in a European AI startup. Japanese conglomerate SoftBank led the funding round alongside tech giants Nvidia and Microsoft. Wayve did not disclose its valuation following the investment. Founded in Cambridge in 2017, Wayve is developing so-called embodied AI systems for self-driving cars. Unlike pure software AI like ChatGPT, embodied...