tech
What Britain needs to do to grasp its big opportunities in AI
BRITAIN’S ECONOMY is far weaker for being outside the EU. Its booming AI sector may be a notable exception. So far this year British technology startups have raised over $14.5bn in venture capital, more than all other major European markets combined. Britain has 33 AI unicorns (startups valued at $1bn-plus), more than France, Germany and the Netherlands put together (though France has the biggest in Mistral, which makes continental Europe’s most advanced AI models). They include Wayve, whose driverless cars will be coming to London’s streets through Uber, a ride-hailing app. “It’s definitely a Brexit dividend,” says Keegan McBride of the Tony Blair Institute, a think-tank.

TL;DR
- British technology startups have raised over $14.5bn in venture capital this year.
- This amount is more than all other major European markets combined.
- Britain has 33 AI unicorns, more than France, Germany, and the Netherlands combined.
- Wayve, a British AI unicorn, is launching driverless cars in London via Uber.
- An expert from the Tony Blair Institute described this AI sector growth as a "Brexit dividend."