Currently reading: Mazda-backed AI firm can slash car development time "to months"

Latest funding round raises £16 million for Cambridge-based technology firm Secondmind

Sixteen million pounds of funding has been raised for British artificial intelligence (AI) firm Secondmind, whose tech is claimed to cut a car’s development time from years to months and "create better cars faster".

Using machine learning (AI that teaches itself), the tech can both reduce the amount of errors in design and testing ten-fold. This leads to fewer corrections and 40% fewer costly prototypes needing to be produced.