Skip to content
Friday 24 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,639.17
-0.73%
DAX
24,763.12
0.00%
CAC 40
8,299.09
0.00%
STOXX 50
6,210.17
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 06 November 2016 5:16 pm

AI firm ASI Data Science raises £1.5m investment with backing from Skype founding engineer

By: Rebecca Smith

Add as a preferred source on Google

Jaan Tallinn, one of the men behind Skype, has backed a London firm that trains computer scientists in using artificial intelligence (AI).

According to the Sunday Times, ASI Data Science, which works with the likes of easyJet and the BBC, has landed £1.5m of new investment, with LocalGlobe another backer.

LocalGlobe was set up by father and son team Saul and Robin Klein, who teamed up to launch their own venture capital fund to invest in startups at the seed stage across Europe.

Read more: Watch out Siri? Samsung's next phone will have an AI assistant

Between them, the Kleins have invested in some of Europe’s biggest technology startups: Zoopla, Chartbeat, Citymapper, TweetDeck, Graze and TransferWise. At LocalGlobe they have announced investments in online mortgage adviser Trussle and Estonian job search app Jobbatical and now ASI.

ASI Data Science offers a range of bespoke services to businesses, including consulting, training and sourcing data specialists from its own data science fellows and community.

Read more: Goldman Sachs just invested millions in an AI startup

ASI’s chief executive Marc Warner has said that “applying artificial intelligence to business problems will be one of the biggest transformational opportunities of the 21st century” and part of his startup’s aim is to bring AI to the masses.

AI has become a real area of interest for all manner of firms; earlier this year investment bank Goldman Sachs put millions into Persado, a US startup that uses machine learning for marketing. And Samsung has just announced it will be adding a Siri-like AI assistant to its newest smartphone, the Galaxy S8.

Last month Professor Stephen Hawking said: "Success in creating AI could be the biggest event in the history of our civilisation."

He has also warned of the risks of AI, saying it will be "either the best, or the worst thing, ever to happen to humanity", and that it was crucial to spend more time studying the future of intelligence.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Trending Articles

  • Romesh Ranganathan makes it hard to defend the BBC

  • Regulator flags BDO’s ‘unacceptable’ audit issues for fifth year in a row 

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • Tax rises ‘guaranteed’ as Healey faces £22bn black hole from Burnham spending plans

  • ‘We are going to run out’: Mitie marks eleventh mega takeover of 2026

More from City PM

  • Clearlake Capital Announces Partnership with Databricks to Advance AI-Enabled Investing and Portfolio Value Creation

    Business Wire
  • ‘Phenomenal waste of time’: Burnham slammed over plans to dismantle tech department

    Tech
    Andy Burnham speaking at a press conference, expressing confidence despite challenges, highlighting leadership and resilie...
  • AI startup boss warns UK cannot become ‘dependent’ on overseas tech

    Tech
    Max Buchan discussing Valarian 2s launch at a business event, highlighting innovative features and industry impact.
  • Rory Sutherland joins Adam Smith Institute as senior fellow

    News
    Business meeting with diverse professionals discussing financial growth strategies in a modern conference room setting
  • Burnham accused of gutting tech department’s ‘biggest strength’

    Tech
    Andy Burnham, Mayor of Greater Manchester, smiling in glasses, dark jacket, light blue shirt, blurred green background.
  • AI is driving a VC investment boom

    Opinion
    Canada skyline featuring iconic skyscrapers and modern architecture against a clear blue sky
  • Infantino facing IOC probe after complaint lodged over Trump’s Balogun intervention

    Sport Business
    Getty Images logo on a smartphone screen, symbolizing stock photography and media resources for news and business websites.
  • Bregal Milestone III Closes at its Increased Hard Cap of €915 Million

    Business Wire
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook