Journalism begins where hype ends

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I visualise a time when we will be to robots what dogs are to humans, and I’m rooting for the machines."

—Claude Shannon

UK AI Companies Raise £10 Billion in First Half of 2026; UK Accounted for 39% Europe Investment

Sovereign AI UK Fund Unit has announced that UK based AI companies have raised £10 billion in the first six months of 2026. Pic Credit: Dan Lynn on Unsplash

While praising the homegrown AI companies, Wise also noted that these companies still lag behind their US and China based peers in terms of capital investment and overall AI adoption.

UK Announces £500M Sovereign AI Fund for Homegrown Founders

To support homegrown AI companies, UK government announced launch of Sovereign AI Fund.

Britain hit hardest by AI Job Cuts: Morgan Stanley

A recent report by Morgan Stanley says AI resulted in 8% job cuts in UK, with young people more affected.

Britain has been hit hardest by AI-driven workplace changes, with businesses reporting an 8% net job loss — the highest among peers like the U.S., Japan, Germany and Australia, according to a Morgan Stanley report cited by Bloomberg.