{"id":15329,"date":"2024-07-16T14:50:25","date_gmt":"2024-07-16T14:50:25","guid":{"rendered":"http:\/\/TheNextWeb=1408535"},"modified":"2024-07-16T14:50:25","modified_gmt":"2024-07-16T14:50:25","slug":"uk-ai-startups-are-now-worth-256b-says-report","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15329","title":{"rendered":"UK AI startups are now worth $256B, says report"},"content":{"rendered":"\n
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UK-based AI startups are now worth $256bn, according to new data<\/a> from Dealroom and HSBC Innovation Banking. They also account for 22% of the country\u2019s innovation ecosystem value \u2014 up from 12% in 2019.<\/p>\n

In the first half of 2024, startups<\/a> in the field raised $2.1bn. And this amount is projected to more than double in the coming five months. This means they\u2019re on track for another record-breaking year, following a $4.1bn total investment in 2021.<\/p>\n

The leading AI<\/a> rounds span a wide range of applications, covering sectors such as energy, healthcare, law, and finance.<\/p>\n

London-based Wayve, which develops artificial intelligence for autonomous vehicles, topped investments during H1 2024 with a $1.1bn Series C<\/a> round. Despite a challenging period<\/a>, Stability.ai came in second place with $80mn.<\/p>\n

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<\/p>\n

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As we wrapped up our incredible 2024 edition, we’re pleased to announce our return to Amsterdam NDSM in 2025. Registration now!<\/p>\n

<\/a><\/div>\n<\/div>\n

Overall, artificial intelligence is increasing its share of UK venture capital, reaching an all-time high of 23% this year. That\u2019s compared to 13% in 2023 and 10% in 2022.<\/p>\n

An increasing trend in AI investment is being seen across Europe, according to a separate Dealroom report<\/a>.<\/p>\n

Artificial intelligence now accounts for 18% of the continent\u2019s VC funding<\/a> \u2014 up from 10% a decade ago. GenAI, specifically, attracted 10% of the total funding, reaching a record $2.6bn in the second quarter of 2024.<\/p>\n

UK leads Europe in VC investment<\/h2>\n

The UK remains Europe\u2019s leading nation for VC investment, raising $9.4bn in H1 2024.<\/p>\n

That\u2019s still higher than the combined funding of runner-ups France and Germany with $4.3bn each. Switzerland follows with $1.7bn and the Netherlands with $1.6bn.<\/p>\n

But despite the regional imbalances, venture capital funding is increasing across Europe, showing signs of (a much-awaited) rebound<\/a>.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UK-based AI startups are now worth $256bn, according to new data from Dealroom and HSBC Innovation Banking. They also account for 22% of the country\u2019s innovation ecosystem value \u2014 up from 12%…<\/p>\n","protected":false},"author":1,"featured_media":15330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15329"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15329"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15330"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}