Business & Earnings

Why the UK's £500M Sovereign AI Bet Matters More Than Ever for Financial Services

In April, the UK government launched its £500 million Sovereign AI Unit, the state-backed fund built to make Britain, in the (then) Prime Minister's words , "an AI maker, not an AI taker". At the time, it read as an industrial strategy. Within two months, Washington turned it into a warning. On 12 J

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In April, the UK government launched its £500 million Sovereign AI Unit, the state-backed fund built to make Britain, in the (then) Prime Minister's words , "an AI maker, not an AI taker". At the time, it read as an industrial strategy. Within two months, Washington turned it into a warning. On 12 J

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