
Government to shake up AI funding rules to drive innovation and cut waste
The UK government is overhauling how it funds AI and digital projects to reduce bureaucracy, boost efficiency, and ensure new tech delivers value for taxpayers.
Artificial intelligence coverage with the Business Matters filter: not the hype cycle, but what AI adoption actually looks like inside UK firms – the tools, the costs, the failures, and the regulation heading down the track.

The UK government is overhauling how it funds AI and digital projects to reduce bureaucracy, boost efficiency, and ensure new tech delivers value for taxpayers.

Alibaba pledges $50bn in AI and cloud computing amid Jack Ma’s high-profile return to favour in China.

Twin Path Ventures secures a £10m commitment from British Business Investments to supercharge UK AI start-ups.

OpenAI’s ex-CTO Mira Murati unveils Thinking Machines Lab, recruiting ex-colleagues from ChatGPT’s creator. The new AI start-up pledges open research and user-centric customisation, setting its sights…

Fuel Ventures has co-led a £300k investment in PlanningHub, an AI-powered platform streamlining property planning, reducing risks, and supporting local authorities. The innovative PropTech solution could…

Former DeepMind scientist Simon Kohl has raised $50 million for Latent Labs, a London-based AI startup aiming to transform drug discovery by designing proteins with generative…

Small businesses are calling on the chancellor to improve funding access, subsidise AI training, and ease tax burdens. Entrepreneurs warn that rising costs and bureaucracy are…

The UK and US have refused to sign an international AI declaration at the Paris summit, citing national interests. The move puts them at odds with…

Google has dropped its pledge not to develop AI-enabled weapons, citing the need to protect free countries.

OpenAI is poised to secure nearly $40bn in new investment—doubling its valuation to around $340bn.

Prisoners in the UK may soon benefit from an artificial intelligence system designed to transform how they access and engage with education.

The rapid automation of millions of jobs through artificial intelligence could intensify economic inequality across the UK unless the government steps in with targeted support, according…

In a move reflecting mounting concerns about disinformation and cyber threats, UK-based venture capital firms Fuel Ventures and Oxford Capital have co-led a $1 million pre-seed…

Rachel Reeves unveils plans to reform the UK’s visa regime, targeting AI and life sciences talent to spur economic growth. Amid rising sponsor licence fees and…

Businesses using AI to file R&D tax claims risk HMRC rejection if there’s no human oversight, warn experts. Quality checks and adviser input remain crucial.