{"id":8124,"date":"2019-10-04T12:30:06","date_gmt":"2019-10-04T12:30:06","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=8124"},"modified":"2020-11-03T15:42:24","modified_gmt":"2020-11-03T15:42:24","slug":"the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/","title":{"rendered":"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK"},"content":{"rendered":"
\"The
The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK<\/figcaption><\/figure>\n

The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone. This is almost a seven-fold increase in just 5 years, where in 2014 the sector attracted $200 million.<\/p>\n

The findings come from a new report \u2013 Harnessing the Power of AI: The Demand for Future Skills – from global recruiter Robert Walters and market analysis experts Vacancy Soft<\/a>.<\/p>\n

The pace at which AI has infiltrated business and industries<\/a> has been quick \u2013 with promises of a productivity boost and opportunities to bring about new and revolutionary products and services.<\/p>\n

In fact, the emergence of AI is expected to create 133 million new roles globally, and impact 10.5 million roles in the UK alone.<\/p>\n

Ollie Sexton, Principal at Robert Walters comments: \u201cAcross Industry, businesses are exploring the potential of AI and wondering how they can tap into this for their own advantage. With this, we are seeing the emergence of a new niche sector within the technology industry – of specialist companies dedicated to just AI. The establishment of a dedicated AI sector is accompanied by significant VC funding into the sector.\u201d<\/em><\/p>\n

\"\"
One’s to Watch: Total Funding for the UK’s Top AI Startups<\/figcaption><\/figure>\n

Demand for AI specialists<\/h2>\n

The take-up of AI across industry is leading to an explosion in recruitment into specialist researchers into artificial intelligence.<\/p>\n

Tom Chambers, Manager – Advanced Analytics and Engineering at Robert Walters comments: \u201cWhere this area was once an obscure niche, now hundreds of technology businesses are actively recruiting for specialists in developing AI algorithms. As a result, the job market has shifted significantly where demand is now outstripping supply.\u201d<\/em><\/p>\n

\"\"
Top industries investing in AI<\/figcaption><\/figure>\n

The report highlights substantial growth in specialist positions within the AI ecosystem –\u00a0 including machine learning, neuro-linguistic programming (NLP), geospatial analysis, AI research, and applied data science vacancies – where there has been job vacancy increases from 445 in 2015 to over 4,000 estimated this year (+897%).\u00a0 For the rest of this year, vacancies within the AI-specialist firms are on track to grow by 37%.\u201d<\/p>\n

Tom Chambers adds: \u201cEdge AI is having a huge impact on AI investment as businesses cater for real-time decision making – from facial recognition on smartphones, to driverless vehicles responding to the road in real-time, to instantaneous medical imaging. These real-time needs are leading businesses to make the leap into the international hiring pool in search of specialist AI and machine learning skills.”<\/em><\/p>\n

\u201cOn the one hand, Brexit threatens the freedom of movement necessary for businesses to attract people from across the continent. On the other hand, the new Prime Minister has stated that the policy of the government will be to make it as easy as possible for business to attract the scientists and engineers needed to keep the UK at the forefront of R&D,\u201d<\/em> Chambers concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone. This is almost a seven-fold increase in just 5 years, where in 2014 the sector attracted $200 million. The findings come from a new report \u2013 Harnessing the Power of AI: The Demand for Future […]<\/p>\n","protected":false},"author":7,"featured_media":8126,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[1],"tags":[3440,3855,4473],"acf":[],"yoast_head":"\nThe Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK\" \/>\n<meta property=\"og:description\" content=\"The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-04T12:30:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-03T15:42:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/AI-startups.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK\",\"datePublished\":\"2019-10-04T12:30:06+00:00\",\"dateModified\":\"2020-11-03T15:42:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\"},\"wordCount\":507,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"Research\",\"startups\",\"uk business\"],\"articleSection\":[\"Open News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\",\"url\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\",\"name\":\"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK - OpenBusinessCouncil Directory\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/#website\"},\"datePublished\":\"2019-10-04T12:30:06+00:00\",\"dateModified\":\"2020-11-03T15:42:24+00:00\",\"description\":\"The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone\",\"breadcrumb\":{\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.footballthink.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.footballthink.com\/#website\",\"url\":\"https:\/\/www.footballthink.com\/\",\"name\":\"OpenBusinessCouncil Directory\",\"description\":\"Openbusinesscouncil\",\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.footballthink.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.footballthink.com\/#organization\",\"name\":\"openbusinesscounsil\",\"url\":\"https:\/\/www.footballthink.com\/\",\"sameAs\":[],\"logo\":{\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\",\"name\":\"Hernaldo Turrillo\",\"description\":\"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.\",\"url\":\"https:\/\/www.footballthink.com\/author\/hturrillo\/\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#local-main-organization-logo\",\"url\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"contentUrl\":\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png\",\"width\":1161,\"height\":250,\"caption\":\"openbusinesscounsil\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK - OpenBusinessCouncil Directory","description":"The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/","og_locale":"en_US","og_type":"article","og_title":"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK","og_description":"The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone","og_url":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/","og_site_name":"OpenBusinessCouncil Directory","article_published_time":"2019-10-04T12:30:06+00:00","article_modified_time":"2020-11-03T15:42:24+00:00","og_image":[{"width":1440,"height":960,"url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/10\/AI-startups.jpg","type":"image\/jpeg"}],"author":"Hernaldo Turrillo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hernaldo Turrillo","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#article","isPartOf":{"@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/"},"author":{"name":"Hernaldo Turrillo","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23"},"headline":"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK","datePublished":"2019-10-04T12:30:06+00:00","dateModified":"2020-11-03T15:42:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/"},"wordCount":507,"commentCount":0,"publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"keywords":["Research","startups","uk business"],"articleSection":["Open News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/","url":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/","name":"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK - OpenBusinessCouncil Directory","isPartOf":{"@id":"https:\/\/www.footballthink.com\/#website"},"datePublished":"2019-10-04T12:30:06+00:00","dateModified":"2020-11-03T15:42:24+00:00","description":"The UK\u2019s most rapidly emerging industry \u2013 artificial intelligence (AI) \u2013 attracted $1.3 billion in VC funding this year alone","breadcrumb":{"@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.footballthink.com\/"},{"@type":"ListItem","position":2,"name":"The Power Of AI: VC Funding Boosts Artificial Intelligence Startups In The UK"}]},{"@type":"WebSite","@id":"https:\/\/www.footballthink.com\/#website","url":"https:\/\/www.footballthink.com\/","name":"OpenBusinessCouncil Directory","description":"Openbusinesscouncil","publisher":{"@id":"https:\/\/www.footballthink.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.footballthink.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/www.footballthink.com\/#organization","name":"openbusinesscounsil","url":"https:\/\/www.footballthink.com\/","sameAs":[],"logo":{"@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#local-main-organization-logo"},"image":{"@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#local-main-organization-logo"},"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday","Saturday","Sunday"],"opens":"09:00","closes":"17:00"}]},{"@type":"Person","@id":"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23","name":"Hernaldo Turrillo","description":"Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.","url":"https:\/\/www.footballthink.com\/author\/hturrillo\/"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.footballthink.com\/the-power-of-ai-vc-funding-boosts-artificial-intelligence-startups-in-the-uk\/#local-main-organization-logo","url":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","contentUrl":"https:\/\/www.footballthink.com\/wp-content\/uploads\/2017\/04\/logo_big.png","width":1161,"height":250,"caption":"openbusinesscounsil"}]}},"_links":{"self":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/8124"}],"collection":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/comments?post=8124"}],"version-history":[{"count":2,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/8124\/revisions"}],"predecessor-version":[{"id":13199,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/posts\/8124\/revisions\/13199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media\/8126"}],"wp:attachment":[{"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/media?parent=8124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/categories?post=8124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballthink.com\/wp-json\/wp\/v2\/tags?post=8124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}