10 homegrown AI companies building foundations for future growth of UK economy - UKTN (UK Tech News)

Artificial intelligence (AI) is transforming the way we live, work, travel, and do business. The expertise of British AI companies, some of the world's most innovative, contributes significantly to this increase in global economic growth and productivity. Recently, Tech Nation, the leading growth platform for UK tech companies, released data on the growth of the AI tech ecosystem in the UK. According to this new data, the UK is now home to over 1,300 AI companies, up from 180 companies in 2011, representing a 600% increase. AI companies are scaling across all regions of the UK, with 50% of the top scaling AI companies being outside of London with Cambridge and Edinburgh being major hubs. Furthermore, Venture Capital investment into UK AI companies also rocketed from $120 million in 2010 to $3.4 billion in 2020.