UK AI sector funding hits record £1bn for 2018, almost the same as the rest of Europe combined

Venture capital firms investment into the UK's AI sector reached a record high $1.3bn (£998m) in 2018, almost as much as the rest of Europe combined. In comparison, French AI startups raised $400m and Germany AI startups raised $300m.

The news comes as business secretary Greg Clark and digital secretary Jeremy Wright have announced a nationwide programme of industry-funded AI postgraduate courses, as well as £110m from the government.The move aims to drive up skills in the AI sector, with course places funded by businesses including Google’s Deepmind, BAE Systems and Cisco.

The government will also fund a series of AI research fellowships at the Alan Turing Institute - Alan Turing is considered the father of AI - and new PhDs will be created at dedicated AI centres for doctoral training across the country.

To read more, click here.