Investment in UK AI companies hits all-time high

Investment in UK AI companies hits all-time high

Investment in the UK’s artificial intelligence (AI) companies has reached record levels after the first six months of 2019 saw more investment than the entirety of last year.

Venture capitalists had ploughed $1.63bn (£1.32bn) into UK projects by June, surpassing the $1.21bn raised by the end of 2018 and marking a record year for AI funding growth, according to a report from industry body Tech Nation.

AI funding has grown for four consecutive years in the UK, placing it third in the world behind the US and China.

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