Tag: Investment
Enterprise AI booming – but as tactical, not strategic tool: Deloitte
Internet of Business says
Enterprise spending on artificial intelligence (AI) is increasing, with 82 percent of early adopters saying they have seen positive returns on...
Uber may spin out driverless unit, go for early IPO
Uber may be considering spinning out its self-driving car unit, or seeking minority investments in the division, the Advanced Technologies Group (ATG).
After receiving expressions...
UK government calls for regulation of cryptocurrency ‘Wild West’
The UK government's Treasury Committee has called for greater regulation of cryptocurrencies, citing volatile prices, hacking vulnerabilities, minimal consumer protection, and money laundering risks...
Electric transport: Lucid takes on Tesla with $1 billion Saudi investment
Saudi Arabia's Public Investment Fund (PIF) has committed $1 billion to electric vehicle maker and Tesla challenger, Lucid Motors.
The investment follows Elon Musk’s decision...
‘AutonoMaaS’ cars: Toyota invests $500m in Uber – Apple courting Tesla?
Make way for 'AutonoMaaS' transport, say Toyota and Uber, as they announce a $500 million tie-up. Should Tesla also go the partnership route? Chris...
AI bubble set to burst, says critical analyst report
While the hype continues to grow behind enterprise AI deployments and research finds surprising levels of consumer support for the technology, one analyst company...
Toyota ploughs $1bn into ride-hailer Grab, while Uber goes Lite
Toyota has agreed to buy a $1 billion stake in South East Asia’s Grab, in a deal that is thought to be the biggest...
Mayor claims report proves London is AI capital of Europe
A new report by AI research and thought leadership organisation CognitionX backs Mayor of London Sadiq Khan’s ambitions to make London a global leader...
UK digital sector expanding three times faster than economy
A new report from Tech Nation reveals a wealth of good news for the UK technology sector amidst the Brexit gloom, reports Chris Middleton....
Robotics firm closes $820 million investment, backed by Tencent
A humanoid robot manufacturing firm has closed one of the world's biggest robotics and artificial intelligence investment campaigns.
UBTECH Robotics, which develops a range of...
UK launches “£1 billion” Sector Deal for AI | Analysis
Internet of Business says
The UK has confirmed details of the new Sector Deal for Artificial Intelligence (AI), trailed in February at the Westminster e-Forum...
Europe announces €20 billion AI strategy – UK sidelined | Analysis
Chris Middleton explains why 25 countries' ambitions for a joint approach to AI might lag behind Britain's similar announcements this week and earlier this...