Tuesday 23 January 2018

UK take note: SAP, Facebook, Google raise French AI/ML investments

The UK has a well-deserved reputation as a place for machine learning and AI startups but is facing intensified competition following announcements over the past few days that three major tech suppliers are increasing their investment in France

logoSAP has revealed some serious plans: incubating over 50 startups via the SAP.iO Foundry, seed or Series A round funding for French startups via the SAP.iO Fund, pumping €150m per year into R&D in France over next five years, plus the acquisition of Paris-based conversational user experience start-up Recast.AI for an undisclosed sum. More…

Posted by Angela Eager at '09:04' - Tagged: acquisition   startup   investment   machinelearning