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...

Nvidia and ARM will open ‘world-class’ AI centre in Cambridge

Nvidia is already putting its $40 billion ARM acquisition to good use by opening a “world-class” AI centre in Cambridge.

British chip designer ARM’s technology is at the heart of most mobile devices. Meanwhile, Nvidia’s GPUs are increasingly being used for AI computation in servers, desktops, and even things like self-driving vehicles.

However, Nvidia was most interested in ARM’s presence in edge devices—which it estimates to be in the region of 180...

CB Insights: The majority of promising AI startups are US-based

usa most promising ai artificial intelligence startups cb insights research report

A new report from CB Insights suggests the majority of promising AI startups are still based in the US.

Despite increasing AI investments around the world, 65 percent of the top 100 AI startups were located in the US. However, some of the companies also had headquarters in other countries.

It’s little surprise to see the most promising AI companies based in the world’s largest economy, but some of the others are more surprising.

The UK and Canada were in...

Samsung is looking to snag Paris-based AI startups

Samsung is opening up global AI centres at a rapid pace but reports suggest the Korean giant is hoping Paris can bolster the firm’s talent.

Around 30 AI experts are based at Samsung’s current Paris office working on research and development projects.

The Paris-based AI lab of Samsung is smaller than centres based in London, Toronto, and Montreal. While the lab itself is smaller than its counterparts elsewhere in the world, Samsung is seeking local partners to help...