"We build a trillion-pound company. Not as a vanity project, but because a company that produces such a valuable part of the global AI economy is the ticket to a seat at the global table. That is why we set up the UK’s Sovereign AI Fund, SovAI, to accelerate our successes. It is hard. Of course it is. SovAI is a team taking real risks, and taking risks is something the government has not been good at. Some of its bets will fail. When they do, there will be criticism, and we will continue to back the team - because now is the time to be bold, not dither. Look at what that small team has done in just a few months, supporting some of the most exciting British AI companies like Callosum and Ineffable. Imagine what they will do in two years with more support behind them."
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