These are the 100 most disruptive startups in the world (and a third are from the UK): Roman Abramovich-backed Storedot, AI chip maker Graphcore and cancer detection scientists at Grail top list June 1, 2017 A Bristol-based startup developing computer chips for artificial intelligence, an app for helping kids manage money, and a fintech just backed by Aviva, are among the UK startups to be named the most disruptive in the world. AI chip firm Graphcore was ranked second in the annual list identifying companies with the potential to “influence, [...]
Ireland: a perfect partner for AI development May 25, 2017 China is emerging as a global powerhouse for artificial intelligence (AI) and Ireland offers an ideal location for Chinese companies to extend their international reach in this critically important space. China’s growing pre-eminence in this area is in line with the “One Belt One Road” initiative announced by President Xi Jinping in 2013 and the [...]
Aviva just backed insurance focused fintech startup Neos and will probably acquire one soon, says CEO Mark Wilson May 25, 2017 Aviva is splashing cash on a startup focusing on insurance for connected homes in the latest signal of the insurers intent when it comes to technology – and it may even stretch to buying a small tech firm in future, it has revealed. The venture arm of Aviva has led a £5m series A funding [...]
Ford chief executive Mark Fields leaves in management shake-up as boss of driverless car unit Jim Hackett replaces him May 22, 2017 The chief executive of Ford is being replaced by another Ford executive, Jim Hackett. Mark Fields has chosen to retire after 28 years with the firm. Read more: Ford to cut 10 per cent of salaried jobs across the pond Hackett oversaw the Ford subsidiary that works on driverless cars, Ford Smart Mobility. The US [...]
Big Data will never replace Big Ideas: Why cultural intelligence matters May 22, 2017 Whether it’s big data scores, over-hyped Silicon Valley apps, or the panacea of artificial intelligence, the world is fixated on the possibilities of algorithmic knowledge. This will prove to be a costly mistake for business. The greatest challenges and opportunities of the coming century will all be cultural. Major companies like Intel, Ford, and IBM [...]
Insurer Ageas has started processing claims using artificial intelligence from London startup Tractable May 18, 2017 One of the biggest car insurers in the UK has started automating the way it's processing claims with the help of artificial intelligence. Ageas will start using technology which can asses images of vehicle damage, and even flag potential fraudulent claims, to make the process more efficient by performing assessments within seconds. Read more: How [...]
Meet the six tech startups working with Transport for London to make the capital a smart city in Nitrous accelerator’s first cohort May 15, 2017 Six star startups have been chosen to delve into Transport for London’s troves of data to help transform the capital into a so-called smart city. Entrepreneurs working to reduce congestion on the trains, buses and roads of London as well as pollution will join the first Nitrous accelerator, designed to connect up-and-coming tech companies with [...]
How Google DeepMind’s Streams app is laying the foundations for artificial intelligence-powered healthcare in the NHS May 11, 2017 DeepMind’s work with the NHS to help alert doctors to patients whose health is at risk is laying the groundwork for delivering information that one day will be powered by artificial intelligence. The Google-owned British pioneer is working with the Royal Free London NHS Trust on a smartphone app called Streams. It currently uses an [...]
Chatbots could save business $8bn a year by 2022, with banks and healthcare gaining the biggest cost savings May 9, 2017 Chatbots could save business billions of pounds a year with banking and healthcare expected to be the biggest sectors to benefit. Responding to customer queries using automated messages for instance, or advising patients on symptoms, could save $8bn (£6bn) in costs every year across global business by 2022, analysts at Juniper Research forecast. “We believe [...]
Six things we learned from Warren Buffett after Berkshire Hathaway’s annual meeting: From AI and driverless cars to what happens if the sage of Omaha dies May 7, 2017 The sage of Omaha Warren Buffett took to the stage at the Berkshire Hathaway annual general meeting along with right hand man Charlie Munger. And the ever straight talking star investor did exactly that, discussing how he missed out on some of the biggest tech bets in recent years and what happens when he’s no [...]