"Sovereign AI is unlike anything Government has ever done before. Its unique approach will help break down the barriers that have too often held back British enterprise and innovation. This is how we ensure Britain's economic prosperity and national security in the modern age."
"The venture fund is one piece of the UK's broader plan to use AI to spur economic growth, first outlined in January 2025. Under the plan, the government intends to position the UK to be an AI maker, not an AI taker."
The UK government has initiated a $675 million venture fund named Sovereign AI to invest in domestic AI startups. This fund aims to minimize dependence on foreign technology by supporting various fields, including model development and drug discovery. Startups will benefit from access to supercomputers, free visas for international hires, and government specialist advice. Sovereign AI is led by James Wise and Joséphine Kant. The fund has already invested in Callosum and awarded compute resources to six other startups, aligning with the UK's broader strategy to enhance economic growth through AI innovation.
Read at WIRED
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