AI-powered language learning startup Memrise raises $15.5m in series B funding June 11, 2018 Memrise, a language learning app powered by machine learning, has closed a $15.5m (£11.5m) series B funding round, led by Octopus Ventures and Korelya Capital. Additional participation came from existing investors Avalon Ventures and Balderton Capital, which was recently listed as one of the top 10 unicorn-making funds in Europe. Its valuation is still under [...]
London-based artificial intelligence firm looks to expand after raising £13m in a Series A funding round June 11, 2018 Research-driven artificial intelligence (AI) company Eigen Technologies aims to expand after raising £13m in its first significant round of venture capital financing. The London-based tech firm, which has obtained the money in a Series A round co-led by Goldman Sachs and Temasek, takes unstructured qualitative data and turns it into information which companies can then [...]
The UK has been crowned the tech unicorn capital of Europe, home to over a third of the continent’s billion dollar startups June 11, 2018 The UK has established itself as Europe's tech powerhouse, playing home to 37 per cent of Europe’s unicorn-status tech firms and topping the list of global destinations for tech talent. With London Tech Week kicking off today, new figures show the UK claims 13 of Europe’s 34 unicorns – referring to companies with a $1bn [...]
One in three Brits concerned that robots could take over the world June 11, 2018 One in three British people are worried that robots could take over the world, even though UK residents are the least worried about losing their jobs to AI. Two thirds of Brits foresee doom and gloom from the rise of the robots, with 67 per cent worried that workers will be replaced by robots, and [...]
Will humanity be phased out of the workforce by robots? June 10, 2018 As automated employees begin to fulfill not just physical roles but also cognitive ones, workers can be safe in knowing that history has proven humanity’s staying power. Researchers have concluded unanimously that automation will make improve our ability to do our jobs, boost wages and make the world a better place, according to a report [...]
Google chief executive Sundar Pichai sets out AI principles and won’t use it on weapons or surveillance June 8, 2018 It has its critics – including a certain Elon Musk – but artificial intelligence is being explored by many of the world’s biggest tech giants as a key focus for the future. Including Google. Now, the company’s boss, Sundar Pichai, has shared Google’s principles on AI, saying the tech behemoth felt “a deep responsibility to [...]
Artificial intelligence will dominate every aspect of our lives, but it won’t replace us June 6, 2018 Guess which of the 964 jobs listed in the widely used Occupational Information Network online database is the least susceptible to replacement by artificial intelligence (AI). The unsurprising answer is that of “massage therapist”. This is one of the findings of a paper in the latest issue of the American Economic Review by Erik Brynjolfsson [...]
A future society driven by tech must have freedom at its heart June 4, 2018 Spotify knows your own taste in music better than you do. It’s the promise made by predictive technologies and artificial intelligence (AI) – and it was the claim made to a recent gathering of Europe’s leading investors in technology. Taste in music is not something I’ve ever shouted about, and to say my playlists are [...]
Google backtracks over controversial military drone project Maven, as thousands of employees protest its involvement June 3, 2018 Google will not be renewing the contract for Project Maven, a controversial drone artificial intelligence imaging program in partnership with the Pentagon, after it expires in March 2019. Google Cloud CEO Diane Green said during a weekly meeting with employees on Friday that the company would be backing away from its involvement with the US [...]
Yandex amps up its premium offering with new smart speaker launch and subscription service May 29, 2018 Yandex, also colloquially known as Russia’s answer to Amazon and Google, has today launched a smart speaker and a corresponding premium subscription service, alongside a range of expansions to its artificial intelligence (AI) ecosystem and intelligent assistant Alice. Known as Yandex.Station, the 9,990 roubles (£120) smart speaker is both Yandex’s first hardware product and the [...]