Dexory, a London-based startup developing autonomous robots for warehouse operations, has secured $80 million (£60 million) in a Series B funding round. The investment, a combination of equity and debt financing, will fuel the company's global expansion and further development of its technology. Founded in 2015, Dexory specializes in creating fully autonomous robots that … [Read more...] about Warehouse Robotics Firm Dexory Raises £60 Million in Series B Funding
UK AI News
UK-based Ameba Secures £5.3M to Transform Supply Chains with AI
Ameba, a London-based artificial intelligence company, announced on Wednesday that it has raised £5.3 million in seed funding to help companies manage and optimize their complex global supply chains. The round was led by Hedosophia, with participation from Visionaries Club, an early-stage European investor that led Ameba's pre-seed round, and Anamcara. Ameba's platform uses … [Read more...] about UK-based Ameba Secures £5.3M to Transform Supply Chains with AI
UK to Host AI Conference in San Francisco, Advancing Global AI Safety Efforts
In a move to further global cooperation on artificial intelligence safety, the United Kingdom announced plans to host a conference in San Francisco on November 21-22, 2024. The event aims to bring together AI developers to discuss the implementation of commitments made at the AI Seoul Summit earlier this year. The conference, co-hosted with the Centre for the Governance of AI … [Read more...] about UK to Host AI Conference in San Francisco, Advancing Global AI Safety Efforts
US Leads Global AI Startup Race, UK Lags Behind
In a rapidly expanding artificial intelligence market, the United States has emerged as the clear frontrunner for AI startups, while the United Kingdom finds itself trailing in eleventh place, according to a recent study by AIPRM. The global AI industry, currently valued at approximately $214.6 billion, is projected to reach $1,339.1 billion by 2030. Against this backdrop of … [Read more...] about US Leads Global AI Startup Race, UK Lags Behind
GenAI and Data Analytics Drive Competitive Edge in Financial Services and Telecom
A recent survey conducted by Forrester Consulting on behalf of Experian reveals that business leaders in the financial services and telecommunications sectors are increasingly leveraging Generative AI (GenAI) and data-driven decisioning to gain a competitive advantage in challenging economic conditions. The study, which polled over 1,200 C-suite and director-level executives … [Read more...] about GenAI and Data Analytics Drive Competitive Edge in Financial Services and Telecom