Uk tech sectors

Investments in AI Startups

Big companies are acquiring AI startups. Acquisitions are used by companies for strategical benefits such as access to a new market, products and services. Acquisitions also help companies to diversify their portfolios and to achieve economies of scale. Companies need to protect their market share and be competitive and with the help of acquisitions they are more likely to do so. AI is the new technology niche, and AI startups are selected and targeted for acquisitions. Since 2012 more than 250 private companies that use AI algorithms have been acquired.
Companies generate a large amount of data, and with the help of new AI technologies they are able to control, analyze and understand all this data and information to make more effective business decisions.

UK Home to Europe’s Tech Talent

Europe’s top technical and business schools remain key sources of entrepreneurial talent. Of the 10 institutions around the world whose alumni have founded European companies that have raised more than €1m, four institutions are based in the UK.

The UK is home to the largest European tech community, with nearly 200,000 active members in tech Meetup groups.

The UK is the number one destination for tech talent moving into – and within – Europe, with 21.5% of all international movers coming to the UK. This number gives the UK a notable lead over the second most popular country Germany, where 13.8% of tech talent migrates. UK remains a destination for EU tech talent with greater funding options.

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