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Forward Partners raised £60 million from BlackRock to invest in artificial intelligence

British venture capital firm Forward Partners has raised £60 million from a sole investor — BlackRock — for its second fund. Forward Partners wants to invest in "applied" AI startups, which use artificial intelligence to solve a specific problem, like drug discovery. AI is tech's hottest investment area right now, with VCs ploughing $5 billion (£3.8 billion) into startups through 2016.
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