Why the nation of Alan Turing is poised to revolutionize AI despite the recent dip in investment, according to a venture capitalist [Fortune]
Booz Allen Hamilton Holding Corporation (BAH)
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Source: Fortune
At first glance, it made for worrisome reading up and down the country and all around London's Silicon Roundabout. The data showed venture capital and private equity investment into U.K. businesses down more than 30%. As ever with these kinds of statistics, commentators immediately searched for cause and effect. Europhiles decried it as a consequence of Brexit and further proof of the U.K.'s dwindling global reputation. Advocates of other European technology hubs, such as Paris, Berlin, and the Nordics, claimed that this showed their own ecosystems were catching up. The truth is more complex—and less remarkable. This downward trend in venture capital investment is global. The common denominator is the asset class, rather than the country. We are seeing an inevitable drop-off from the market's peak a few years ago when spectacular amounts of capital were being deployed, catalyzed by almost non-existent interest rates. Against this backdrop, the BVCA report is unsurprising, although
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