Why the UK Shouldn’t Be Concerned About the Gobbling up of Their Tech Industry
May 5, 2016
The article on MotherBoard titled Why the US Is Buying Up So Many UK Artificial Intelligence Companies surveys the rising tech community in the UK. There is some concern about the recent trend in UK AI and machine learning startups being acquired by US giants (HP and Autonomy, Google and DeepMind, Microsoft and Swiftkey, and Apple and VocalIQ.) It makes sense in terms of the necessary investments and platforms needed to support cutting-edge AI which are not available in the UK, yet. The article explains,
“And as AI increasingly becomes core to many tech products, experts become a limited resource. “All of the big US companies are working on the subject and then looking at opportunities everywhere—“…
Many of the snapped-up UK firms are the fruits of research at Britain’s top universities—add to the list above Evi Technologies (Amazon), Dark Blue Labs (Google), Vision Factory (also Google) that are either directly spun out of Cambridge, Oxford, or University College London…”
The results of this may be more positive for the UK tech industry than it appears at first glance. There are some companies, like DeepMind, that demand to stay in the UK, and there are other industry players who will return to the UK to launch their own ventures after spending years absorbing and contributing to the most current technologies and advancements.
Chelsea Kerwin, May 5, 2016