Venture capital firms invested $1.3bn (£998m) in UK-based AI start-ups in 2018, compared to $400m for France and $300m in Germany. The UK figure marks a four-fold increase in spending in the past five years, according to Dealroom. But the UK is not slowing down. In France, where there are more than 100 companies working on AI, investment has risen from $804m in 2016 to $2.5bn. Of this, £78m will come from private business and £23m from universities.
Venture capital firms invested $1.3bn (£998m) in UK-based AI start-ups in 2018, compared to $400m for France and $300m in Germany. The UK figure marks a four-fold increase in spending in the past five years, according to Dealroom. In France, where there are more than 100 companies working on AI, investment has risen from $804m in 2016 to $2.5bn. Of this, £78m will come from private business and £23m from universities.