Britain's AI sector booms post-Brexit, but government must think bigger to seize opportunities
By
The Economist
Summary
Britain's AI sector is thriving despite the economic weakness from leaving the EU. British tech startups have raised over $14.5bn in VC funding this year, surpassing all other major European markets combined. The country has 33 AI unicorns, more than France, Germany and the Netherlands combined. Notable companies include Wayve (autonomous driving) and Mistral (France's leading AI model maker). The article argues the government needs to think bigger to capitalize on these opportunities.
Source
bskyBritain's AI sector booms post-Brexit, but government must think bigger to seize opportunitiesecon.stKey quotes
· 3 pulledBritain's economy is far weaker for being outside the EU. Its booming AI sector may be a notable exception.
So far this year British technology startups have raised over $14.5bn in venture capital, more than all other major European markets combined.
Britain has 33 AI unicorns (startups valued at $1bn-plus), more than France, Germany and the Netherlands put together.
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