Oil giant BP's hi-tech investment arm BP Ventures has today made a multi-million pound investment in an artificial intelligence (AI) technology firm based in China.
Oil and gas giant BP has announced a multi-million investment in an artificial intelligence (AI) tech firm through its BP Ventures arm.
BP has splashed out £23.6 million in an "alternative protein" maker that will use the energy major's gas to make fish, livestock and pet feeds.
Applications went live last night for the second year of the Oil and Gas Technology Centre’s TechX Pioneers programme.
Launched last year by the Oil and Gas Technology Centre (OGTC) in Aberdeen, the TechX accelerator has attracted more than 75 applications from 17 countries and five continents.
BP Ventures has invested $20 million of Series B funding in artificial intelligence and cognitive computing company Beyond Limits.