"We have been trying to see how far it is possible to eliminate intuition, and leave only ingenuity. We do not mind how much ingenuity is required, and therefore assume it to be available in unlimited supply." There are far too many approaches to building a Center of Excellence or COE and a Corporate University to model or present in this short briefing. However, I did research more than 30 different kinds of COE and corporate university CU and found there is not a lot of similarity between any of them. One interesting trend is the creation of corporate incubators and/or corporate venture capital funds.
Recently, the China-based medical big data and artificial intelligence company LinkDoc Technology completed a RMB 1 billion Series D financing in the first half of 2018 and quickly became the focus of the industry. LinkDoc Technology is the first big data and AI startup for medical applications to receive the highest score in this area in a single round of financing. Founded less than four years ago, LinkDoc has been dedicated to medical big data and artificial intelligence, and has continuously updated industry records in this new medical-ecological field. On June 24, 2018, Tencent and LinkDoc signed a strategic agreement for a medical AI business to achieve a strong alliance. They will strengthen their cooperation on hospital access and AI products based on Tencent's open innovation platform AIMIS and LinkDoc's oncology experience.
Venture capital investment in the UK's artificial intelligence sector leapt almost six-fold from 2014 to 2018, according to figures released on Thursday. Research by market intelligence firm Dealroom found investment in UK AI startups reached a record £997m (£1.3bn) in 2018, continuing upward trends since 2014, when investment was just £153m. The research was carried out on behalf of startup accelerator Tech Nation and the UK's Digital Economy Council. READ MORE: The "Oracle of AI" – these four kinds of jobs will not be replaced by robots According to Dealroom's figures, the biggest surge in interest in AI came between 2016 and 2017, when venture capital funding for UK companies almost doubled from £500m to over £900m. Dealroom recorded 82 venture capital fundraisings across UK companies last year, compared with 70 the previous year.
Europe is awash with talent and technology in the AI space. Here are 10 European start-ups to watch in 2019. There is a growing belief that the artificial intelligence (AI) revolution could be even more profound than the internet revolution. While the technology is often characterised as a threat to traditional job security, if you look closely at this crop of European start-ups, their use of AI is about improving outcomes in everything from health and safety to better communications and creativity. In other words, AI as a subject is very broad with a myriad of uses, and therefore could be put to work to augment human capabilities or solve big world problems.
ViSenze, an image recognition startup that delivers visual search tools designed for online retailers such as ASOS and Rakuten, recently revealed that it had secured $20 million in a Series C funding round. Both Sonae IM and Gobi Ventures co-led the financing round, which also included the participation of other investors, including returning backers WI Harper and Rakuten. Established back in 2012, ViSenze has so far raised a total of 34.5 million dollars (its previous funding round was a Series B held in September 2016). ViSenze customers include the likes of Uniqlo, Zalora, and Urban Outfitters, who bill the Singapore-based company's software portfolio as a "personal shopping concierge" that helps shoppers in finding or discovering products based on automatic photo tagging, visual search, and suggestions based on their browser history. The company's verticals include intellectual property, furniture, jewelry, and fashion.
Venture capital (VC) investment in the UK's growing artificial intelligence (AI) sector leapt almost six-fold from 2014 to 2018, with funding comprising almost as much as the rest of Europe combined. According to research prepared for Tech Nation and the Digital Economy Council by Dealroom, investment in UK AI startups reached US$ 1.3 billion in 2018. Notable deals in 2018 included Bristol-based Graphcore which raised US$200m. Throughout 2018, Dealroom recorded 82 venture capital fundraisings across UK companies, compared to 70 in the previous year-- that's a continuation of a trend that's seen investment in AI companies grow sharply over the last five years. "These statistics are further confirmation that the UK is Europe's undisputed number one tech hub," said the UK digital secretary, Jeremy Wright.
In a recent talk at Stanford, Kai-Fu Lee says China has taken the lead. Lee is a venture capitalist and author of "AI Superpowers: China, Silicon Valley and the New World Order." Who's winning the worldwide competition to develop and exploit artificial intelligence? Not the U.S., says Kai-Fu Lee, a venture capitalist and author of AI Superpowers: China, Silicon Valley and the New World Order. Although researchers and tech companies in the U.S. hold the lion's share of AI patents and are responsible for key breakthroughs in the field, the game has changed, and China is taking the lead.
Bolstered by $10M in Series A funding, Vincross, a consumer robotics company we've been following closely, is releasing what may be the most alluring DIY robotics kit for makers yet. Combining an impressive central processing unit capable of complex AI computations and Simultaneous Location and Mapping (SLAM), a server controller that can power up to 20 motors, and a robust battery, Vincross is betting its MIND Kit will appeal to serious developers, as well as enthusiasts and educators. DIY robotics kits have been scattershot and mostly aimed at STEM education. The space is crowded and dominated by a handful of early arrivals and big players, including LEGO Mindstorms. Vincross' founder, Tianqi Sun, believes the timing is right for a more capable robotics kit, one that could be used to create genuinely useful machines.
"We could all do a better job of celebrating the women and underrepresented groups in science'" says Dr Jessica Wade today on International Day of Women and Girls in Science. Dr Wade is a physicist at Imperial College London well known for her work to raise the profile of under-represented groups in science, with hundreds of Wikipedia pages on female scientists she has written outside of her day job at the Centre for Plastic Electronics. There is a critical skills gap looming in the tech sector, and especially in data science and AI. Much more needs to be done to mobilize young people, especially poorly represented groups (including women) into Science, Technology, Engineering and Mathematics (STEM) careers. The U.K. Industrial Strategy has recognized the critical skills shortage that needs to be addressed to help the U.K. become a global leader in data, AI and other critical technologies for the future, and the need for education to address this skills shortage highlighted in the recent All Party Parliamentary Group on AI which will be looking at this as a key task area for 2019.