Universities and startup factories are fuelling a rise in UK startups like Magic Pony, the AI business …

“Ex Machina” stars Oscar Isaac (left) and Domhnall Gleeson (right). A24/”Ex Machina” The UK’s AI scene is once again the talk of the town following the sale of Magic Pony Technology to Twitter for a reported $150 million (£102 million). Twitter isn’t the only US tech giant acquiring UK AI startups, with several other significant exits over the last few years. Evi was acquired by Amazon for a reported £18 million in 2013, DeepMind was bought by Google for around £400 million in 2014, VocalIQ was acquired by Apple for an unknown amount in 2015, and SwiftKey was bought by Microsoft for £175 million in 2016. The Oxbridge-London triangle is playing an important role in the creation of the UK’s best AI companies, according to LocalGlobe investor Saul Klein. Oxford,…


Link to Full Article: Universities and startup factories are fuelling a rise in UK startups like Magic Pony, the AI business …

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