Journalism begins where hype ends

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We can only see a short distance ahead, but we can see plenty there that needs to be done.” "

—Alan Turing

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 Shake-Up: Hands AI a Direct Line to PM After Scrapping Tech Department

The Cabinet Office at 70 Whitehall, where the UK's new AI Taskforce will be based under the Office for the Prime Minister and the Cabinet (OPMC).

Days after abolishing DSIT, created by former PM Rishi Sunak, and giving AI its first-ever seat at the Cabinet table, the UK has launched a new AI Taskforce, with Patrick Vallance as Chair reporting directly to current PM Andy Burnham, and AI Minister Kanishka Narayan leading it from Cabinet.