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UK AI Fund Chief: Invest Like VCs!
2 Sep
Summary
- UK's £500 million Sovereign AI Fund head urges investor mindset.
- Government contracts can spur domestic AI industry growth.
- Britain struggles to support emerging tech startups effectively.
The leader of the UK's substantial £500 million Sovereign AI Fund has issued a strong call for the government to embrace an investor-like approach.
This appeal is directed at ministers as they aim to stimulate expansion within the nation's burgeoning artificial intelligence sector.
Historically, the UK has faced challenges in adequately supporting early-stage technology companies. This has meant missed opportunities to deliver crucial contracts that could foster innovation and growth, a strategy proven effective elsewhere.
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