UK Government launches £500M sovereign AI fund
The UK Government has launched a £500M Sovereign AI fund to support homegrown AI startups, providing access to supercomputing capacity and other resources. The fund will back AI startups in areas such as drug discovery and AI infrastructure.
The UK Government has launched a £500M Sovereign AI fund to support homegrown AI startups. The fund will act like a venture capital fund, backing AI startups and providing them with resources to scale quickly. The first equity investment will be in AI infrastructure startup Callosum, while six other startups will receive access to the UK's supercomputing capacity. Startups backed by Sovereign AI will gain access to the UK's largest AI supercomputers, fast-tracked visa decisions, and other resources. The fund is currently in discussions with around 30 firms over potential access to its resources. The Sovereign AI Unit will continue to assess applications on a rolling basis and allocate compute worth tens of millions of pounds to British startups.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.