Artificial Intelligence

Why the UK for AI?

A growing AI hub

The UK is a powerhouse of European AI, home to a third of Europe’s AI start-up companies and twice as many as any other European country (source: great.gov.uk). The UK now has more than 1,300 AI companies - a 600% increase in the number of firms over the last decade - with a collective turnover of almost £1.47 billion (source: great.gov.uk).

Surge in venture capital investment

Over the last decade, venture capital investment rocketed from £88.4 million to more than £1.47 billion. Investment in UK deep tech continues to rise, with £2.3 billion invested in 2020, representing a 291% increase over the last 5 years (source: great.gov.uk).

Home to Deeptech Unicorns

The UK is home to 21 unicorns in Deeptech (3rd after US and China. (source: gov.ukopens www.gov.uk in a new tab).

Attracts AI Researchers Globally

The UK is the second most-likely global destination for AI researchersopens global.upenn.edu in a new tab after the USA.

High quality, high tech companies

The UK is home to companies that provide AI solutions including:

• Onfidoopens onfido.com in a new tab
• Deepmindopens www.deepmind.com in a new tab
• Darktraceopens darktrace.com in a new tab
• Tractableopens tractable.ai in a new tab
• Graphcoreopens www.graphcore.ai in a new tab
• Matillionopens www.matillion.com in a new tab