DeepSeek: US AI tech giants face ‘Sputnik moment’ which could start new race Tech The rapid rise of Chinese AI startup DeepSeek has been described as the US tech sector’s ‘Sputnik moment’ which “may well kickstart a new, even more energetic race”. US tech stocks took a battering yesterday after gaining global attention over its seemingly cheaper AI model which sparked a sell off in shares for its competitors. The sudden [...]
UK funding for AI startups surges but still lags behind US Tech AI startups captured 25 per cent of all UK venture capital funding in 2024, totalling $15.9bn (£12.8bn) – a sharp rise from $3.1bn (£2.5bn) four years ago. Balderton Capital’s latest data shows that 2024 was the second best year on record for AI investment in the UK. The sector’s value has more than doubled in [...]
UK-based AI startup raises £4m to automate ‘hyper-personalised’ marketing campaigns Tech Userled's funding will allow it to expand its team and continue developing its AI-powered technology, which is already used by companies like Wayflyer, Deel, Onfido and Encord.