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British AI (artificial intelligence) industry boosted by government-funded PhDs

The UK government has announced funding for 1,000 new AI PhDs, confirming the UK’s status as an AI research hotspot.

This, along with almost £300 million of investment by more than 50 leading technology companies and organisations, has contributed to the development of an AI sector deal worth almost £1 billion.

This AI sector deal follows record levels of investments into UK tech in the last 12 months including new investments such as:

  • Japanese venture capital firm Global Brain opening its first European HQ in the UK.
  • The University of Cambridge making its new AI supercomputer infrastructure available to business
  • Vancouver-based venture capital firm Chrysalix committed to establishing a European HQ in the UK investing up to £110 million in AI and robotics.
  • The Alan Turing Institute and Rolls-Royce to jointly-run research projects.
  • 19 out of the top 25 European software and IT suppliers have a base in London. 

This makes Excel well-positioned to deliver exceptional events in the sector, increasing delegate numbers and accessing locally-based speakers.

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