AITechFundingNewsabout 2 hours ago
UK adds £120M for Sovereign AI Fund
4 min read
On 24th October, the UK Treasury announced a £120 million top-up to the Sovereign AI Fund, raising its total to £560 million. Half funds direct investments while the other half purchases from startups. This move is part of a £621 million AI package preceding the Chancellor's Budget on 28th October, aiming to boost domestic AI companies and physical industrial applications.
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