AI News, UCL artificial intelligence

UCL spin-out TurinTech.ai raises £1 million funding

TurinTech.ai provides a platform that empowers industry professionals, software developers and AI engineers to autonomously evolve their software and AI systems, allowing for smart optimisation to be carried out at a scale never before achieved.

The technology automates the software optimisation process, accelerating the path to improved software performance whilst significantly reducing resources (time and energy) and costs.

Our research has prompted interest in our commercial product from big tech companies, a multinational FMCG, fintechs, other startups and hedge funds to name a few.”

An adviser to the company, Professor Andy Pardoe, Principal Director for Artificial Intelligence at Accenture, Founder of Informed.AI Group said: “The complexity of the algorithm powered by data is only starting to show its true dynamic and deep colours in the business world.

As many more organisations transition from simple business logic to more personalised and complex algorithms, the need for computational optimisation becomes increasingly important.

TurinTech are delivering an automated platform that delivers such optimisation across a number of different business domains, allowing firms to benefit from the best outcomes for themselves and their clients.”

Improving the performance of software in terms of execution time and memory usage is an important common problem and Turintech’s solution looks very promising.”

Ministers unveil 16 centres set to deliver £200m AI PhD programme

The government has unveiled the 16 centres set to deliver a £200m, five-year programme to train 2,000 PhD students in artificial intelligence.

The initiative is a core part of the AI sector deal announced by Theresa May in 2018 and is supported by £100m from government, £78m from industry, and £23m from the participating universities.

The sector deal was announced in April last year as the government faced criticism for failing to protect the UK’s tech sector in the run up to Brexit.

Government-industry collaboration is crucial to addressing the UK’s current digital skills gap and we are proud to see industry demonstrating its commitment to developing the next generation of AI talent.”

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