TransferWise’s new round, Silicon Valley loves Britain, AI in finance
This week, a report revealed that UK startups beat their European counterparts in attracting Silicon valley investors, while the Financial Stability Board warned against the risks of AI in Finance.
Also, UK fintech star TransferWise has raised £213 million in a round led by Silicon Valley fund OMGI, which previously invested in Snapchat, Dropbox and Twitter. TransferWise’s previous investors Richard Branson,  Andreessen Horowitz and Baillie Gifford also backed the round.

The new round comes after a £20 million funding tranche in May 2016. The new investment brings the company’s overall raised capital to £303 million.

Founded in 2010, TransferWise allows users to transfer money abroad with low fees. It now plans to expand its operations in the Asia-Pacific region.
Read more
UK startups still loved by Silicon Valley moneymen despite Brexit
UK tech startups secured more VC money from Silicon Valley than companies in any other major European countries. Over the last five years, UK companies bagged more Bay Area investment than France, Germany, and Ireland combined.
Read more
AI in finance might be a problem, financial stability board warns
Artificial Intelligence in banking and finance could result in instability and unexpected muddles, the Financial Stability Board warns in a new report.

The international monitoring body underlined that firms are engulfed in an “arms race” to deploy AI, and stressed the dangers of “black box” trading algorithms.
Read more
Facebook-PayPal leal allows users to send money from Messenger
Facebook has struck a deal with PayPal, which will allow users to access the payment service directly from Facebook Messenger. Users can link Messenger to their PayPal account to send to and receive money from other users on the social media platform.
Read more
Trying to look cool at cocktails?

1. The great AI brain drain (via The Guardian)

2. AI can spot suicidal people from brain scans (via MIT Technology Review)

3. Waymo’s testing ground for self-driving cars (via WIRED)

How bots are changing politics (via Motherboard)

LeBron meets Driverless Car

If you still have doubts that driverless cars are about to become mainstream, here's an Intel video starring LeBron James that will convince you otherwise.
Take a closer look
Follow us
Copyright © 2017, All rights reserved.

Want to change how you receive these emails?
You can 
update your preferences or unsubscribe from this list.

67 - 71 Shoreditch High Street, London, E1 6JJ
View this in your browser