View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 29, 1987


By CBR Staff Writer

Plessey Co is not prepared to put any more of its own money into the speech recognition project it embarked upon in 1983 with contributory funding from the Department of Trade & Industry’s Alvey programme – and unless it can persuade GEC Plc to take over the project, it will close it down, reports the Independent. The project, to develop a recognition system capable of following continuous human speech, has so far consumed UKP14.5m, and Plessey hoped to raise commercial funding to complete it by forming the project into a stand-alone company and raising venture capital for it. Plessey failed to raise the UKP5m it was seeking for the company, which will raise renewed complaints that strong British developments fall by the wayside for want of the necessary risk capital to bring them to market. The project currently employs 24 people.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.