February 2017

MMC Ventures' David Kelnar looks at the dynamics of the UK AI market

With every paradigm shift in technology, waves of innovation follow as companies improve and then reimagine processes. Today we are in the early stages of the global artificial intelligence (AI) revolution. Machine learning algorithms, whose results improve with experience, enable us to find patterns in large data sets and make predictions more effectively — about people, equipment, systems and processes. (For an accessible introduction to AI, read our Primer.) But what are the dynamics of AI entrepreneurship in the UK?

Below, we share six powerful dynamics we see that are shaping the UK AI market— from changing activity levels and areas of focus, to trends in monetisation and the size and staging of investment.