State of European Tech: Investment in ‘deep tech’ like AI drops 13%

The latest State of European Tech report highlights that investment in “deep tech” like AI has dropped 13 percent this year.

Data from Dealroom was used for the State of European Tech report. Dealroom defines deep tech as 16 fields: Artificial Intelligence, Machine Learning, Big Data, Augmented Reality, Virtual Reality, Drones, Autonomous Driving, Blockchain, Nanotech, Robotics, Internet of Things, 3D Technology, Computer Vision, Connected Devices, Sensors Technology, and...

8 December 2020 | Europe

Almost half of Europe’s AI startups have no actual AI

A new report highlights many of Europe’s AI startups appear to be cashing in on the hype and have no actual AI to speak of.

The fact you can add ‘AI’, ‘IoT’, or ‘blockchain’ to your company name/description and it will skyrocket your valuation has become something of a running joke in the industry. Shares in Long Island Iced Tea, for example, infamously shot up almost 200 percent after changing its parent company name to ‘Long Blockchain Corp.’

European...

5 March 2019 | Europe

UK investment in AI startups nears the rest of Europe combined

The UK is splashing the cash on artificial intelligence startups so much that it almost totals the rest of Europe combined.

Venture capital firms invested a record $1.3bn (£998m) in UK-based AI companies last year.

The figures are provided by Dealroom and show a fourfold increase in five years. A couple of notable rounds includes $200 million for Graphcore in your humble editor’s hometown of Bristol, and $50 million for what feels like my second home of...

21 February 2019 | Europe

Qualcomm is setting aside $100 million for AI venture investments

AI is going to be incredibly valuable. You know it, I know it, and Qualcomm is betting on it by setting aside $100 million to invest in promising startups. The chip giant is specifically looking at startups building on-device AI technologies. We’re increasingly seeing NPUs (Neural Processing Units) debuting in the latest devices, so it’s little surprise to see Qualcomm seeking to fund technologies which may provide an edge. Steve Mollenkopf, CEO of Qualcomm Incorporated, said:

29 November 2018 | Funding