Rollercoaster for UK AI scene as PolyAI bags $50M while Stability AI mulls sale
The artificial intelligence scene in Great Britain feels a little bit like your weekly tv drama at the moment. Major funding rounds compete for attention with controversial CEO departures and outlandish government campaigns (“Unicorn Kingdom” and 3D statue holograms, anyone?). London-based PolyAI today announced it had secured a valuation of $500mn following a successful fund raise for its call centre voice assistant tech. It might not be the sexiest of AI applications, but then again not all business bets need to be. While PolyAI is still only halfway towards that coveted unicorn mark of a $1bn valuation, the $50mn raise from…
This story continues at The Next Web