InstaDeep is an EMEA leader in delivering decision-making AI products. Leveraging their extensive know-how in GPU-accelerated computing, deep learning, and reinforcement learning, they have built products, such as the novel DeepChain platform, to tackle the most complex challenges across a range of industries. InstaDeep has also developed collaborations with global leaders in the AI ecosystem, such as Google DeepMind, NVIDIA, and Intel. They are part of Intel's AI Builders program and are one of only 2 NVIDIA Elite Service Delivery Partners across EMEA. The InstaDeep team is made up of approximately 155 people working across its network of offices in London, Paris, Tunis, Lagos, Dubai, and Cape Town, and is growing fast.

A new report from CB Insights suggests the majority of promising AI startups are still based in the US. Despite increasing AI investments around the world, 65 percent of the top 100 AI startups were located in the US. However, some of the companies also had headquarters in other countries. It's little surprise to see the most promising AI companies based in the world's largest economy, but some of the others are more surprising. The UK and Canada were in joint second place as homes of the most promising AI startups, while China just slipped into third.

The most promising startups using artificial intelligence are U.S.-based companies working in the fields of health care, retail and transportation, according to a study that looked at budding AI companies around the world. Of the top 100 startups in AI, 65% were based in the U.S., though some of those had dual headquarters in China or elsewhere, according to the analysis by CB Insights, a tech research group that analyzed data on close to 5,000 startups around the world. "These would be companies to watch that are doing really interesting research in AI," said Deepashri Varadharajan, the lead analyst on the report. "Some of them might get acquired. Some might have successful product launches."

MagniLEARN, an Ed-Tech company using artificial intelligence and Natural Language Processing, received second prize for innovation in Artificial Intelligence and was recognized as a promising AI Startup in the third annual China – Israel Innoweek Conference held in Beijing, China. "Combining Natural Language Processing (NLP) with Artificial Intelligence (AI) allowed us to turn the computer into a language-aware personal tutor for each student," said MagniLEARN CEO Howard Cooper in accepting the award. "Our difference lies in presenting personalized exercises that the student answers with free-form responses. Just like a personal tutor teaching language to a child, we understand what is correct, what is nearly correct, and provide feedback and then reinforcement as the student learns proper English. We gave the computer enough language awareness to become an intelligent and efficient language tutor for each student," he concluded.

Artificial intelligence is quickly becoming an integral part of every tech company's strategy, so it's no surprise that big firms are ramping up their acquisition of AI startups. M&A activity has already seen a fivefold increase in the number of AI startup acquisitions -- from 22 in 2013 to 115 in 2017. While the race is far from over, Google and Apple have acquired the most AI startups since 2012. With close to 14 acquisitions, Google is currently leading the charge to buy AI startups. The company's most recent acquisition involves the conversational commerce platform Banter, which helps businesses connect with their customers over popular messaging platforms like Facebook Messenger, Twitter, and Snapchat.