venture capital Archives

UK AI sector achieved record funding in Q2 2022

New data from Tech Nation and Dealroom found that VC investment in UK AI companies hit a record in Q2 2022 and is on track to at least equal last year.

Around 2,009 AI companies are based in the UK, the AI capital of Europe. Renowned companies include Graphcore, BenevolentAI, Darktrace, Wayve, and DeepMind.

Last year saw a record investment of £6.6 billion flow into UK AI companies. In 2022 so far, £3.2 billion has been invested. Tech Nation notes that investment into...

6 October 2022 | Applications

DeepMind co-founder Mustafa Suleyman departs Google

DeepMind co-founder Mustafa Suleyman has departed Google after an eight-year stint at the company.

Suleyman co-founded AI giant DeepMind alongside Demis Hassabis and Shane Legg in 2010 before it was acquired by Google in 2014 for $500 million.

DeepMind has become somewhat of an AI darling and has repeatedly made headlines for creating neural networks that have beat human capabilities in a range of games. DeepMind’s AlphaGo even beat Go world champion Lee Sedol in a...