Seven AI Firms Receive Support from New Government Tech Venture Capital Unit
The UK government has launched a new tech venture capital unit, Sovereign AI, to support the growth of artificial intelligence companies. Seven firms have been selected to receive backing, including specialists in generative internet and AI biology. The unit, operating under the Department for Science, Innovation and Technology, aims to invest £500 million to foster innovation. The first recipient, Callosum, will receive funding to advance its intelligent systems infrastructure. Other firms will benefit from supercomputing capacity and government support, including visa facilitation for top R&D talent. This initiative represents a significant investment in the AI sector, aiming to enhance Britain's technological capabilities.