UK AI Funding Declines Despite ChatGPT Surge
Investment in UK-based artificial intelligence (AI) companies experienced a significant decline in 2023, despite the technology’s widespread popularity. Research conducted by Beauhurst revealed that funding for UK AI firms nearly halved compared to the previous year. In 2023, 291 UK AI companies secured £1.4 billion across 311 funding rounds, a sharp decrease from the £2.9…