Britain's AI, fintech, and genetics startups have had the 'wind knocked out of their sails' by Brexit

Britain’s AI, fintech, and genetics startups have had the ‘wind knocked out of their sails’ by Brexit

Northrop & Johnson Britain’s fintech, artificial intelligence, and genetics startups have been going great guns recently, but Brexit has killed their momentum, according to a London startup CEO who is now considering whether he should open up additional offices outside the UK. Damian Kimmelman, CEO and founder of business information platform DueDil, told Business Insider: “I think the UK has three massive centres of excellence. One in fintech, one in artificial intelligence, and one in gene manipulation. “Those aren’t going to go away very quickly but the wind has been knocked out of their sails.” Companies like TransferWise, DeepMind, and Sophia Genetics have helped the UK to build a reputation as one of Europe’s leading technology hubs. Kimmelman added: “In order to do something that really stimulates the tech economy, we…


Link to Full Article: Britain’s AI, fintech, and genetics startups have had the ‘wind knocked out of their sails’ by Brexit