Why the US is buying up so many UK artificial intelligence companies
Each are British artificial intelligence and machine learning startups bought by US tech giants--HP, Google, Microsoft, and Apple, respectively. Alongside growing VC funding in AI, US tech firms are snapping up British-founded startups, leading to concerns that the UK is losing the best of its artificial intelligence to Silicon Valley just as it becomes a key technology. Simon Walker, partner in corporate technology at law firm Taylor Wessing, said the sale of AI startups to US firms isn't new and doesn't look like it'll stop soon. "It is obviously disappointing that the AI cannot be retained in the UK," he said. "However, top-of-the-market AI, such as that developed by companies such as SwiftKey and DeepMind, requires huge investment and a significant platform for its use and it is only very large tech companies which have the necessary resources and platforms."
Mar-22-2016, 09:15:37 GMT
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